Message from @Asdrubal
Discord ID: 639533242529218600
No worry
Also, what bubble is popping this time around?
However you are right
Germany was relatively unaffected
I'm only saying if the US goes into recession again
The more stable european states will be fine
By 2008
They wouldn't be *unaffected*
I'm talking about 2008
Not now
*now is a totally different situation*
But it wouldn't be 1930s bread lines and taking barrels full of money to get essentials
Nothing says there can't be a european collapse either (or caused by an American one)
America had become the world financial centre so of course it will cause ripples throughout the world but at least western and northern europe are good enough to weather most purely American issues
>Norway's and Sweden's private debts
Debt to whom again
~~the jews~~ Private entities
And high levels of country debt isn't necessarily bad so long as there is economic growth
I do not worry about Chinese or American debt for that reason
Household debt to income in Norway
Wew
Really not a big change
If that's swedish numbers
Stable since 4q17
Swedish household debts exceeded 3.8 trillion SEK
Around 3 trillion of that is mortgage loans
In 2017
Anyway
Back to the EU and Germany
Germany is still fucked if the US economy is
(Technically) they are already in recession
The German economy is an export based one
The US being the world's largest consumer economies (second largest exporter to the EU, I'll get to the EU later)
Will be a hit to Germany's economy