Allegedly the fact that industrial giants were not consulted regarding the transition towards more sustainable energy and the issues with Russian energy has created a perfect storm for European economies, which will suffer under the burden of inflation and a possible recession. Former U.S. senator, Judd Gregg, was a guest on CNBC’s Squawk Box and discussed the importance of Europe to the U.S. economy.
Washing onto U.S. shores
As the U.S. and Europe are each other’s important economic and trading partners, Gregg expressed worries that issues in Europe will certainly have an effect on the U.S. economy, which is also stressed. It appears as though inflation in Europe will have catastrophic repercussions on the economy of the United States and provide hardship for the people. Market participants could consider this information when deciding where and when to put their hard-earned money to work. Buy stocks now with Interactive Broker – the most advanced investment platform Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
