Europe Is Too Scared to Grow, So Their Money Keeps Buying My SPY Calls

https://www.bbc.com/news/articles/cwy031el03po

This is why the US economy wont be in recession any time soon- From the article:
Americans are very solutions-oriented and much more comfortable with taking a short-term risk in service of a long-term advantage. Europe as a culture is risk-averse.

The US is a land of very high inequality," she says. "If you're struggling, you are really going to have a hard time because the labour market is not adding piles of new jobs, things are getting more expensive, many cities have housing crises."
Her deeper worry is that inequality hits a tipping point. "Even then having the dollar and fairly stable banks won't help if you have a real jobs crisis in the real economy."
So far, there is little evidence of that. In fact, [American employers added 172,000 jobs in May](https://www.bbc.co.uk/news/articles/cdxpx4gel1yo), smashing expectations.

But new inflation data this week, [showing consumer prices rising at their fastest pace in three years](https://www.bbc.co.uk/news/articles/c0myzxjkw99o), suggests the limits of America's resilience may be approaching. Prices in May were 4.2% higher than a year earlier, up from 3.8% in April.