In America, one political side is determined to blame the other for all the current economic woes, conveniently ignoring the pandemic and the invasion of Ukraine. But the fact is that things are even worse in other places, especially in Europe, where economic Winter is coming. NYT (Gift Article): Shock Waves Hit the Global Economy, Posing Grave Risk to Europe. “The threat to Europe’s industrial might and living standards is particularly acute as policymakers race to decouple the continent from Russia’s power sources.”