Thursday, May 19, 2022 8:53:03 AM
What will be a huge problem for Europe coming later this year will be where they get all the additional heating oil/nat. gas required to replace Russian sanctioned output? Ukraine won't be producing very much food this year, where's the replacement for that coming from? Shortages of many commodities will be the big news going forward for 2022/23. High inflation's not going anywhere until these shortages go away.
Demand is there, but supply won't be, that means higher prices going forward.
https://www.zerohedge.com/economics/brits-most-miserable-30-years-inflation-soars-thatcher-era-high
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