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Russian oil sanctions — Stagflation fears — Crypto not dead

EU Confidential

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Are We Comparing Like Like Like the Europeans?

Prices of everything were rising, and wages were rising at the same time. We actully saw the biggest rise in wages for lower income people relative to kind of upper income people that we've seen in many, many years. Now you have this regressivecne, n wher it's not a sort of a tide that lifts all boats. But poor people are geting prices rising a lot faster than their wages are going to rise. Every incumbent political leader in the world is struggling with what to do if this rising inflation is focused on food and energy. That's why binds number one issue.

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