German Industry shuts particular down

https://www.ft.com/content/d0d46712-6234-4d24-bbed-924a00dd0ca9

German manufacturers are halting production in response to the surge in energy prices caused by Russia’s squeeze on gas supplies, a trend the government has described as “alarming”.

Interesting. Now they shut down because the prices are high. Like i told this will happen.

High energy prices mean no competition in the world market. That counts for Europe in total.

But that stuff is always deeper. A shutdown cost big $$$$. We talk about multi-million losses a Day.

And the guys that run those businesses know, that restarting it will cost a massive amount too + a lot of time. So they know already, that this is worse than 99% expect.

This is the start for sky-high inflation and money burning.

Today energy is expensive as hell.

Tomorrow: There will be no energy for everyone.

Btw, what happens next year after Europe faces mass unemployment? No chance they fix the energy problem next year. No chance they fix it in the next 2 years.

The industry will leave Europe. High-paid jobs will leave Europe.

Dark times ahead.

And it's simple math, No matter what they are doing, Cheap energy is a thing of the past in Europe ( in the short to middle term).

No way they can cover demand. Ultimate wealth destruction.