EU now f**ked up with entering a stagflation due to the military spending competitions. Here’s what’s going down:  1. Germany is on a spree, planning to fund its military by taking on unlimited debt.  2. France wants to extend its nuclear umbrella across the EU, offering a protective shield.  3. The EU plans to hike its defense spending from a measly 0.5% to a hefty 2.4% of GDP by 2027.   This push to issue more 10-year bonds is likely to jack up long-term interest rates. Meanwhile, the EU’s economy is already in a slump, much worse off than the USA, forcing the ECB to consider cutting rates further.   This growing gap between long-term and short-term rates might just set the stage for stagflation, where rising inflation meets stagnant growth and climbing unemployment.   What are your thoughts? 🤔