The New CS Board

[jumanji0881]

Another big break in the dam -

My Comment: First, it's the imploding Chinese RE market and now it's European gas supplies from Russia cut in half. The dominoes are wobbling.

Putin Turns The Screws: Gazprom Unexpectedly Halts Another Nord Stream Turbine Cutting Flows In Half; European Gas Prices Soar
https://www.zerohedge.com/markets/putin-turns-screws-gazprom-unexpectedly-halts-another-more-nord-stream-turbine-european-gas

Excerpts:
gas flows from Portovaya will drop to as much as 33 million cubic meters per day from 7am Moscow time on July 27, which means flows along NS1 will decline by half, from 40% of capacity to just 20%.

European (TTF) nat gas prices spiked 10% and are likely to keep rising..

the ECB remains helpless: it can't cut rates without sending inflation even higher, but it can't keep hiking with Europe now in a recession. The euro, which jumped late last week on some naive optimism that a worst case could be avoided, slumped.