"Does Anyone in Europe Have a Plan?"

Real Vision: Finance & Investing

Real Vision

Business News, News, Investing, Business

4.1 • 1.1K Ratings

🗓️ 26 August 2022

⏱️ 35 minutes

🔗️ Recording | iTunes | RSS

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Summary

Natural gas prices in Europe and Asia surged to near-record highs Wednesday, as the worst energy crisis in decades intensifies amid increasingly desperate competition for supplies. And Europe’s fertilizer crunch tightened after a major manufacturer cut output due to soaring costs – driven by natural gas prices. With twin humanitarian crises looming, Tony Greer tweeted, “Does anyone in Europe have a plan?” Tony, the founder of TG Macro, joins Andreas Steno Larsen for today’s Daily Briefing to talk about energy, food, and what, if anything, all those central bankers gathering for the Jackson Hole Economic Symposium can do to stave off a global catastrophe. We also hear from Adrian Day about “Dr. Copper” and what its supply-and-demand dynamic can tell us about economic growth. Watch the full video featuring Adrian Day and Larry McDonald here: https://rvtv.io/3dZ9N9n. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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1:23.0	Hey, I'm Atlastino from ReelVision and this is the Daily Briefing.
1:27.0	We are sending to you live Thursday the 25th of August after another week of absolute mayhem in energy markets.
1:36.0	So today we're going to ask the question whether there is any light at the end of the energy tunnel.
1:41.0	And I guess no one's better equipped of answering that question than my guest today, Tony Greer, the founder of TD macro.
1:49.0	It's very good to see you again, Tony.
1:51.0	Two kind of you, Andreas. Great to see you too, man. How you doing?
1:54.0	All good. Just back from Turkey, actually.
1:57.0	But I wanted to ask you initially, Tony, what's been on your radar in the past trading days here?
2:02.0	It seems as if energy is on top of everyone's agenda again.
2:06.0	Yeah, it sure is. It sure is. You know, we just we just pounded the 2021 highs at 86 dollars when WTI pulled back to its low.
2:18.0	Around 86 dollars. And you know, that was a level that we kind of expected to hold technically because the entire physical market has been very strong.
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