A global recession is on the horizon - please read OP for mod warning

Increased inflation reduces spending. Lower spending reduces prices, lower prices reduces inflation. Lower inflation increases spending. Increased spending causes increased inflation.

Scared bunny's spout rubbish at every level of the cycle.

Rinse and repeat.

What’s more worrying, this is only the start.

and so it begins

Are Germany continuing to decommission their nuclear plants?

Russia looks to of taken over the Sakhalin-2 pipeline to Japan. LNG looks set to go much higher as Japan could enter the market for replacement gas.

I’m absolutely flabbergasted by some of the tripe from europe of late- they are actually intending to double down on all this green fantasy. They live on a parallel universe in Brussels.

In agriculture for example in the midst of the most serious food supply crisis in almost a century, they intend to go head long into a proposed 50% cut in pesticide use (nationally binding) without first alternatives copper fastened- bearing in mind Europe also bans the likes of GMO in plant breeding. This might make sense if you’re a wealthy green voter living in south Dublin suburban utopia, less so if you’re one of the tens of millions in the Middle East that depend on imported grain from Europe to survive day to day

Not much coverage on Friday's announcement regarding new commodities to be paid for in roubles from now on.

To be fair killing off half the population would go a long way to saving the planet. So maybe they're not so dumb after all.

That also means the US have a lot more to lose.

Hardly a surprise to anyone - postponed holidays for covid, pent up demand and covid-savings mean this would be a bumper year for spending. Holidays booked in advance would hardly go unused, but with biting economic pressures I wouldnt expect it to keep up.

Never suggested it was a surprise.

The economy is forecast for continuous growth as are Ryanair passenger numbers.

The low cost airline expects to fly 15% more passengers this summer than in the same season of 2019, and will carry a record 165 million passengers in the year to March 2023.

Good news, or at least you'd think it would be.

Most people are very rational. The majority are. So, over time I do expect people to rationalise what is thrown at them, and adjust accordingly. People will cut down on driving unless strictly necessary, and in the face of criminally induced inflation eroding their spending power, many people will cut back to essentials and refuse to pay the higher prices, naturally dampening demand and seeking value for money alternatives to eating out/the pub/holidays etc.

Eventually people will simply refuse to queue for hours at disorganised airports like Heathrow, Dublin, Manchester. What is an unusual situation at the minute, is that after 2 years of lockdowns and travel restrictions, and a terrible summer, people are dying to get away right now for July and August. Once they get this out of their system and some of the lockdown savings are gone, many people will vote with their feet and their wallets. They are more sensible then the governments and experts that have landed them in this avoidable mess.