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Monetary Tightening & the End of the Risk-on Trade | Mohamed El-Erian
Hidden Forces
The Transition to a Greener Economy
Do you not foresee the possibility that energy prices could get out a control similar to how they did in the seventies, especially given some of the explicit policy choices and e s g mandates? So that's a really complicated question, because lots of things have driven energy prizes. I'm absolutely committed to the war against climate change. But whenever you embark on a journey, it's not enough to say, i'm going towards the nation without spending time thinking about the journey. And it turns out that we didn't think enough about the journey,. That we didn't realize you cannot substitute something with nothing.
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