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ASML currently sells no chipmaking machines in Europe, executive says

125 points · 2 comments · doener

cracki · 1790428897 · focus · HN ↗
Oh, the EU economy is collapsing? I thought that was common knowledge.
1. dgellow · 1790429343 · focus · HN ↗
  No? If that’s common knowledge that’s a common lie. It’s not really growing much but there is no collapse occurring. And if you look more specifically at countries some are growing rapidly
  1. christkv · 1790429701 · focus · HN ↗
    If you don’t grow then you are shrinking as percentage of the worlds economy becoming more and more irrelevant.
    dgellow · 1790429958 · focus · HN ↗
    You’re defining collapse in a very unique way here
    christkv · 1790501864 · focus · HN ↗
    If you stagnate economically then you are shrinking. Inflation eats up the purchasing power and you get poorer. In a lot of European countries the purchasing power of the population has been decimated over the last 20 years. Only a few countries in the east are the exception.
    viraptor · 1790430464 · focus · HN ↗
    A lot of the "growth" is debt and money going in circles. We'll see how much of it actually stays around next year. So far the US already has to bail out the datacentre expansion by funding transmission lines upgrades instead of asking for money for it from the companies.
    Schiendelman · 1790431269 · focus · HN ↗
    Please cite comments like this. It's not helpful to the conversation to make highly opinionated statements.
    fn-mote · 1790431737 · focus · HN ↗
    Cite -> provide citations for
    Schiendelman · 1790610491 · focus · HN ↗
    Yeah, I have always used those interchangeably, do you feel like they're different?
    viraptor · 1790432015 · focus · HN ↗
    This is not opinionated. The financial circle between AI companies has been discussed lots of times already, it's everywhere you want to check. Grid funding is here <a href="https://www.energy.gov/articles/energy-department-announces-speed-power-investments-across-26-states-lower-electricity" rel="nofollow">https://www.energy.gov/articles/energy-department-announces-...
    Schiendelman · 1790610475 · focus · HN ↗
    Seller financing is not a financial circle. It's how you buy a car, sometimes a house. This is kind of like Trump derangement syndrome, except AI.
    mitxela · 1790433871 · focus · HN ↗
    What single source would satisfy you that the current US economy is a Ponzi scheme? I don't think it's really provable or falsifiable until long after the fact. We could start by pointing to the bond market or the price of gas?
    Schiendelman · 1790610510 · focus · HN ↗
    Once you go that far, you'll just decide all currency is a Ponzi scheme.
    password54321 · 1790437420 · focus · HN ↗
    You need to travel rather than just hearing about boogeyman stories online. Most of the world is relatively poor.
    73488448 · 1790438211 · focus · HN ↗
    Every time I visit a third world country it looks much better than ten years ago. In Europe it's the opposite. It's evolving backwards outside of the tourist hotspots.
    Rumple22Stilk · 1790441979 · focus · HN ↗
    This is because of globalisation. It's cheaper to use their labour. The alternative is the EU using its military might to oppress other nations.
    password54321 · 1790445209 · focus · HN ↗
    If you visited 3rd world you would realise how much you take for granted. But this is a random fresh account made to respond to this.
    christkv · 1790501727 · focus · HN ↗
    Lol you don't know anything about me or what I have seen of the world.

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