Guys🤑🤑Germany made a choice in 2011.
Angela Merkel decided to shut down all of
their nuclear power plants.
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Europe's largest economy, the world's leading industrial nation, chose to depend almost entirely on imported gas.
First it was Russia. The Nord Stream pipeline, the Ukrainian invasion, the energy shock of 2022.
Now it's Iran. The Hormuz blockade, oil above $100, and Germany's GDP forecast cut in half - from 1% to 0.5% - heading for a fourth consecutive year of stagnation.
Germany had a €1 trillion spending plan to revive its economy. The Iran war blunted it before it started.
The self-inflicted wound keeps reopening.
Stagnation is the new normal.
#USInitialJoblessClaimsBelowForecast
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