Well,
as much as you are right ... there is still some funny dampener on the European potential crash :D
The idiotic taxes US imposed on _everyone_ including Europe, let many mid sized companies bail out of the US market.
So the US themselves helped us to decouple our market a bit from our former biggest customer.
It does not shield us from any catastrophe happening over there (e.g. oil prices are still super important for the EU), but 10 years ago a sudden crash would have had more drastic effects on Europe.
The problem is that the current world crisis (es?) look so damn orchestrated. War in Ukraine, Syria, now Iran, and US at the verge of a civil war. South America struggling ...
Disruptive AI ... cloud and data centers in general, crypto miners. I mean seriously: we have two IT/computer driven energy hungry "technologies" that hardly benefit mankind in any way. Sure, I can now ask my photo gallery to automatically create folders for every picture containing cats and or humans, and name them by date or place or face recognition via my contacts (or even scrap some social media sites for the names of the people on my photos). However: I never use such features.
There are simply to many people on the planet that have way to much money, and use it for bullshit, instead for something reasonable.
Look, father, that other guy there, they say "he is worth 100billion", just founded a space travel company!!
Oh, son, yeah, wow, that is a good idea. Let's do it, too!