Microeconomic Environment News Today

Those two geopolitical shocks caused a massive energy shock. i think its easy to underestimate quite how profound the transform is that is going on. europe was russias biggest customer, and russia is wholesale changing its energy system at warp speed. not only has that caused the commodity price spike that has caused terrible suffering in the developing world, its also fueled the inflationary shock. weve seen, you know, the highest inflation rate since 91980s. this has caused a complete transfor...