- The energy shortfall in the EU, currently translated into a significant shortfall in its natural gas inventories and record-high energy prices is just the opening act of the scarcity economy.
- By the middle of next year, we will observe a supply gap in the oil supply/demand balance.
- High natural gas prices are leading to a shortfall in fertilizer production, which threatens global food supplies starting next year. It is an example of knock-on effects.
- Scarcity of other base materials such as metals, as well as energy is set to trigger a global supply shortfall in many manufactured goods for the first time since the end of WW2.
- There is no light at the end of the tunnel. Inflation will continue to rise and be sustained. Monetary policymakers will struggle to cope.
For further details see:
2022 Will Be The Beginning Of The Era Of Widespread Global Scarcity