The Winter is Coming

The Oil and gas from Russia are exceptionally essential for serving the winter in Europe. After all, even Hitler succumbed to it. 

Causes - The diesel which is used for generating electricity is now available in historically low amounts in North-Western Europe, so much so that by this November, an energy crisis, including blackouts and lack of fuel and electricity for large-scale industries is extremely essential.

Adding to his discussion is the large-scale drying up of the Rhine (river in Germany), which supplies and transports all the diesel in Europe. The forecast of this news is so gloomy, that this river which controls trades over 80 billion USD will stop.

Effects - Adding to this the already food shortages in Europe due to the war, the survival of the poorest will be challenging in the coming months. The signs of relief from the Western Superpower are low because they are themselves dealing with extreme inflation (CPI peaked at 0.2% in June). 

What is in it for you - Well in macroeconomics, it is usually said that a terrible situation usually follows another. As of now, the economic powerhouses of the world are dealing with several huge problems, and the most likely scenario is an economic recession, which could be in effect as we speak.

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