Europe is in serious trouble

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Binger
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Re: Europe is in serious trouble

Post by Binger »

Doctor Steuss wrote:
Wed Sep 07, 2022 6:15 pm
To make things even more confusing (to me, that is), Dutch TTF Natural Gas contracts have dropped from their all-time high of $95.74 on 8/25, to $69.84 (as of this moment). With the gas lines being closed off from Russia, I would think the cost would be rising. Unless the Dutch have signaled their are keeping what they have for themselves(?)

As a crazy reference point. Prior to the invasion, it usually averaged between $1-$2.
Doctor Steuss, this should absolutely terrify people.

The prices are extreme, but I think is reasonable to assume that the markets are no longer working. In the literal sense, they are not working to put buyers with sellers at this point. Trades are likely happening outside of the markets that we can see online. If our commodity markets lost 30 percent of the volume, the gray, black and other markets would be the market price, not what one could see on CNBC.
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