Across the Atlantic in Europe, a shocking situation is unfolding in the energy markets. Germany, France, England, Spain, and dozens of other countries throughout the continent are suffering a historic gas crisis. The commodity market has been in the spotlight for much of this year, but recent developments have propelled prices to new multi-year highs and many citizens are reporting severe shortages, with petrol stations throughout the UK running dry. Is this a foreshadowing for the United States, and how long can Jay Powell continue to say the word transitory before it becomes too obvious that these massive price jumps are permanent, not temporary.
Link to Article by Tyler Durden