OPEC has decided a substantial production cut. Still, prices do not go up, but stall and go down. That means most likely that the global demand is dropping and this again indicates that the economy is
contracting. For national economies living on the edge of a razor blade already, this means no good news, but could mean that they get kicked out off the saddle. Which is the intention behind Russia support for this OPEC policy: to further increase global chaos and then benefitting from that. The russians closely coordinated this move with the Saudis. The Saudis play ball, which tells more than anything that they decouple from the US and look for new friendships a consequences of the disastrous ME policy started by Obama and continued by Trump, spiced up further by endless European moral chilli poweder and endless lecturing.
The West should be deeply concerned about how the Middle East and large parts of Africa are giving Europe the cold shoulder. Once again, to my disappointment, it isn't. At least not officially, and not enough. And certainly not in Germany.
The accelerating speed by which Europe looses global relevance, is breathtaking.
Also, Europe's relation with South America is suffering, and gets disillusionised more and more.
