Comments by "Matthew Loutner" (@Matthew_Loutner) on "Econ Lessons" channel.

  1. @peterwilliams2152  I did not look up exactly how many companies may be going bankrupt. I caution you about making assumptions without looking up the actual numbers. That issue is separate from the banking industry. It is mostly in the manufacturing sector. Including restaurants that use a lot of natural gas to "manufacture" food. These manufacturing companies have to pay a higher price for their gas. That pushes up the cost of goods sold. Which means that if they want to stay in business, they have to raise their retail prices. Which they can do because all of their competitors are in the same boat. But at the same time, their customers have to accept that the prices are higher and the consumer has no choice but to pay the higher price. That reduces the consumer's spending power, and their paycheck cannot buy as many goods as it did before. And the German public just has to accept that they cannot buy as much. It is now a fact of life, and there is no going back. On the other hand, for companies that export goods, it will be much harder to compete on international markets because they cannot adequately raise those prices. They have to sell at a higher price, but many buyers may not accept the higher price. This will lead to lower sales volume and corresponding lower gross profit margins. If the profits get too low, it can lead to bankruptcy. But that is not guaranteed. There are multiple ways to avoid it.
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  2. All of the Ukrainians say that Russia broke it. And it called for Russian military withdrawal from Ukraine. They definitely did not withdrawal.
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  3. No.
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  4. No he cannot -- sanctions.
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  5. It is not "counter-intuitive to the basic pronciples of supply and demand." The priciples say that when times are tough, middle income and rich shift their buying from SUPERIOR GOODS to INFERIOR GOODS.
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  6. I saw a Russian blogger walk through a Russian mall. All of the shops were open. I did not see a single customer in the entire mall.
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  7.  @peterwilliams2152  In an American mall, you will see 5 to 10% of the customers during the day. Everyone in the country does not work in the day. If they did, all of the restaurants would be closed at night.
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  8. You read too much fake propaganda.
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  9. No it is not terminal. They will just let their people starve while feeding the war machine like North Korea does.
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  10. Real estate cannot be sold during depression if you need cash to spend.
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  11. The EU is building out solar and wind farms and reactivating mothballed nuclear reactors.
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  12. The UK has been struggling since brexit. Nothing new here.
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  13. @TrevorCrook-c1s  It was brexit. I am sorry that you think you can speak without knowing economics.
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  14.  @TrevorCrook-c1s  They have gas and crude from other sources, and home heating can be converted to electric, freeing up more gas. Russia is not a large crude producer, anyway. No one needs Russia.
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  15. @TrevorCrook-c1s  I am not going to teach you economics. You can go take a college course like I did.
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  16.  @TrevorCrook-c1s  The EU members have free trade between countries. When the UK pulled out, they lost their free trade and met trade barriers. That caused the UK to struggle. Europe is as low as it will go. The only way left now is up.
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  17. @TrevorCrook-c1s  So now you think you know more than university professors?? 🤷‍♀️ Why am I not surprised at that? 🤷
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