From @ProfessorPapeEveryone is still talking about oil pricesThat’s already outdated--This is no longer a price shock--It is the early stage of a system-wide supply shockWithin 10 days, parts of the global economy will start running short of critical goodsAfter 30 years studying economic sanctions and blockades, I don’t say this lightly:--Not just higher prices--Shortages.Markets are not ready for thisHere’s the mechanism:price spike → physical shortage → economic contraction.We are now crossing
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