• 2 Posts
  • 24 Comments
Joined 2 months ago
cake
Cake day: February 26th, 2025

help-circle








  • Unpopular opinion but Don’t panic.

    It’s been decade that economy has been shit for real people with crisis starting before the previous one finished, high unemployment, stagnating wages, expensive real estate and more

    If you’re rich enough to be impacted by stock market collapsing you’re already way above average.

    Sure it’s not making things better, and not the moment to change job, but it’s been shit for a while and will stay shitty. The era when boomer could find a job without any degree, get a living wage with yearly raise and promotions is over.


  • Can we avoid using the reciprocal word where it’s mostly an uniltaeral decision from US ?

    I bet that the only US jobs that will be created on the short term will be to re-inforce the purchasing department of US companies importing foreign group, and the US-logistic department of foreign companies exporting in the US. But in between, I see why many corporation will push the brake on any non urgent purchasing. (And Ironically, business school graduates aren’t a category massively impacted by unemployement nor fearing to be replaced by LLM)




  • At least in (most of) Europe, we do still have a large public part in healthcare/retirement and in general less stock investment culture so people won’t see their safety netand retirement money collapsing, sure loosing let’s say 10% of your saving sucks, and may even impact your ability to buy a new home (unless interest-rate fall faster in that case you may even be able to buy a nicer home)

    We’re also kinda lucky, The US adding tariff means that we’ll export less to the US, but we can still export to the rest of the world at the same conditions as before. Note also that the remaining manufacturing in Europe is mostly complex product with high added value Planes, industrial robots, or Champagne’s wine are already very expensive so I expect that many of the American who can afford these will still be able to afford-it with the tarifs. I am not Naïve, export to the US will dip, but I see some factors that should limit the dip.

    Don’t get me wrong, some European companies will loose US contract, and will at best launch mass lay-off plans or even bankrupt, and people will be unemployed (see point above about public safety net it makes the difference between selling your car, not going in holiday and shopping at Lidl and ending up homeless). But I am kinda optimistic, the impact for real people will be under control. I am old enough to remember 2008, and it wasn’t that bad.


  • for things that will most likely happen.

    When I took the First-aid/CPR course, the red cross trainer spent like 30 minutes doing a list of what can realistically happen where we are. An interesting exercise.

    Full blown apocalypse is unlikely, but doing stuff like checking the flood-risk map before renting/buying a home (Especially ground floor apartment and single-floor house) does wonder at not having to evacuate. Knowing the kind of dangerous factory/goods in your area also helps a lot planning for the right thing.



  • She won’t see an actual jail unless she seriously fuck-up, most of the sentence is suspended and as the remaining time is under two years she has the right to request house arrest or any other alternative sentence.

    So the remaining sentence is that she can’t run at next presidential election (provided that she doesn’t get something else in appeal before the election).

    Obvious reminder that if you or I would have stole 4 millions Euro we would see an actual jail.