• WanderingThoughts
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    2 days ago

    The American economy is like a classic Ford Mustang. It goes really hard on the straights, but if you run into something you crash hard.

    The European economy is like a Volvo. It’s not really fast, not that maneuverable, but full of seatbelts, airbags and crumple zones so if you hit something you probably walk away.

    Paraphrased from Mark Blyth.

    • longjohnjohnson@lemmy.ml
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      2 days ago

      Correct, the fallout from the US is creating the uncertainty with the EU market.

      The difference is the EU market will recover, over time. The US market will not.