"Does Anyone in Europe Have a Plan?"
Natural gas prices in Europe and Asia surged to near-record highs Wednesday, as the worst energy crisis in decades intensifies amid increasingly desperate competition for supplies. And Europe’s fertilizer crunch tightened after a major manufacturer cut output due to soaring costs – driven by natural gas prices. With twin humanitarian crises looming, Tony Greer tweeted, “Does anyone in Europe have a plan?” Tony, the founder of TG Macro, joins Andreas Steno Larsen for today’s Daily Briefing to talk about energy, food, and what, if anything, all those central bankers gathering for the Jackson Hole Economic Symposium can do to stave off a global catastrophe. We also hear from Adrian Day about “Dr. Copper” and what its supply-and-demand dynamic can tell us about economic growth. Watch the full video featuring Adrian Day and Larry McDonald here: https://rvtv.io/3dZ9N9n.