In many European countries inflation is at 15%
If it reaches 20% that means every 3.5 years your cash reserve loses half its value
Mean someone correct me if I’m wrong I think that is astounding
If it reaches 20% that means every 3.5 years your cash reserve loses half its value
Mean someone correct me if I’m wrong I think that is astounding
It used to be primarily labor costs, and labor/wages is still a major part. However with automation some labor is being replaced by automation and thus converts what used to be labor cost to energy cost.
European countries are not in great shape from an energy POV.
Europe already gets ~12% of its energy from Nuclear, ~5% from hydro.
Solar energy will not be a problem in the future - neither will sourcing the remaining 33% of energy from other renewables, nuclear, and fossil fuels.
The infrastructure they have now is literally insufficient.
Where in my post does it say that inflation is just fine? The point is that the crazy 15% numbers we are seeing are mostly due to energy prices, which are extremely volatile.
We should strive to get an accurate picture of the current state of affairs, not be overly optimistic or pessimistic.