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Doomberg: An Update On Europe's Energy Crisis

Supply Shock

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What Happens When You Hand All Leverage to Your Enemy?

Germans and western europeans in general, have made themselves total, incompletely at the mercy of vlatimer po and m. The entire german business model is predicated on being able to add value to cheap, reliable natural gas. And so we would say that the crisis is already here. Forty five % producer price index readings in germany, or on the costof pyper inflation, this is goin to lead to significant dindustrialization off what was one of the most a prolific and value added economies in the world. It's hard to imagine how this doesn't cause serious second and third order impacts downstream. We shall see a, hopefully, peace breaks

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