MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
Macro Voices
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The Impact of Rate Hikes on the Economy
The impact of rate hikes is certainly going to have a significant dent on the economy. The European Union hasn't done anything significant to reduce its energy or to improve the energy crisis. There's about $600 billion of underinvestment in the oil and gas sector. And if monetary contraction starts to take hold, we see a significant reduction in money supply.
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