Europe's Economy Slows Sharply as Recession Risks Grow

[BumRushDaShow]

3. Some of this is still pandemic induced

which started WAY before Russia invaded Ukraine. Many nations around the world were dealing with their own "single points of failure" (i.e., Chinese goods) and were funding industries to keep afloat.

The pandemic is still here, but at least with some type of mitigation/treatment available, so trying to unwind from those extraordinary measures ended up clashing with Russia's invasion and what was essentially yet another "single point of failure" for Europe (i.e., Russian energy).

If anything, these 2 major world events provide a HUGE "Lessons Learned" opportunity to start reformulating stop-gaps.

I just thought of a somewhat similar analogy where after the market collapse of 2007, new measures were put in place to periodically "stress test the system", and similar may need to happen for situations like this in the future.