re: I don't see things working out too well economically for the EU.

quote:

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LINK

Timely, this was in a magazine I read in a waiting room today

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Without commenting on Trump or the OP, this was probably inevitable short-term to an extent for the EU. The dollar has been so damn strong for so long that it should have happened a year or two ago. Now we're starting to tick up interest rates, and voila.

Still, their UE is double ours without taking into account the, ahem, questionable UE accounting of Italy, Spain, Greece, and the like. Median income is still about a 1/3 less than ours; only Germany of major countries really compares in straight median income; and they lose quite a bit of distance when PPP is taken into account.

For the most part, they keep doing economically stupid shite and can't disentangle themselves from legacy issues like national labor agreements (see: France), input costs (see: Germany), or just being economic basket cases (see: Italy and Spain).

They're going to have lower interest rates for a little bit then will probably catch the tailwinds from the U.S. going up then go right back to the problems they've had for the last seven years.