According to The Economist, jewelry industry recovered faster that expected. Since rich Asian tourist couldn't visit Europe to buy some fancy schmancy jews, because of Covid we expected slower recovery. Because luxury companies made soaring sales in China they do well. #economy
Considering rising global demand for everything, Russia will finally take some profit. Oil prices surged again, according to The Economist, rose to about $80 per barrel. Europe hopes that the World will increase production, but the hope dies last.
This is crazy "The shortage economy". In contrast to the previous financial crisis, when nobody wanted to spend money, nowadays everybody wants to spend but there are no goods. The World finally got weird place :D.
#economy#money#Financial
@elonmusk We should look at this issue from two points of view:
1. To care for the symptoms
Reducing the private car traffic and leverage it with public transportation.
2. To cure the illness
Gradually shifting to sustainable energy sources and learn how to harvest them.