Monday, September 5, 2022

As Europe Implodes......

"A few days after the EU threatened commodity traders it would stage an "emergency
intervention"
to crush energy prices which were rising at a pace of about 20% per day (perhaps Europe can now print nat gas and electricity in addition to monetizing all deficits while injecting trillions in the process)......... a move which actually worked for a few days until Putin reminded Europe who's boss late on Friday when Gazprom suddenly decided it would "completely halt" all Nord Stream 1 transit altogether due to an "oil leak", with the news sending global stock markets plunging and threatening to push European gas and power prices back to all time highs.....In response to soaring energy prices and rationing of firewood, over the weekend, Germany - the country most affected by the Nord Stream cutoff - unveiled a $65 billion package meant to boost demand......." ZeroHedge

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