MacroVoices #377 Daniel Lacalle: On The Road To Stagflation
Macro Voices
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The Energy Crisis in Europe
Energy companies in Europe say policymakers are counting on the same conditions for 2023 that we had in 2022 and they don't exist. The peak of demand of energy consumption happens in summer when you have a very high demand for air conditioning, he says. So most of these energy companies tell me if policymakers were counting on a mild winter, they should also be counting on a very hot summer.
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