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

Nope. We tried this already, doesn't work. Putin has gone full totalitarian and is literally attacking Europe, doesn't make any sense to be energy reliant on such a regime, that bridge is fully burnt. As for sanctions, they'll stay as long as Putin is invading and seizing European territory (which will never stop), so they're pretty much forever sanctions, unless the Russians get rid of him (highly unlikely)

This winter and the next will be painful, but by then we'll almost be fully off Russian energy. It's a good jolt for renewables also.

This rhetoric worked to an extent in the summer. However facts are that winter in half of the europe means temperatures of minus 15-20 and tons of snow which can not be dismissed with "This winter and the next will be painful". I would not speculate about painfulness or pure survivability of this winter for most of the eu countries. Anyone who suggest we can get through without Russian gas do not have a clue what they talk about - most of commenters here never experienced proper winter.

wow...so after 2 1/2 years of "protecting granny and grandad" and closing down society to do the same, we're now willing to feed them to the wolves just so we can stick it to putin?

if major plans are not urgently put in place for heating throughout europe this winter, a lot of old and disabled people are gonna be found dead in their houses and apartments

Just another 10% in half an hour. Demand for gas is 150% more in winter than now.

Gdp means nothing to us when we are paying through the nose for stuff. Grand if your a refugee landing here getting free benefits, but nothing to ordinary Joe paying tax.

Id rather pay Putin cheap money for cheap gas so Europe can return to normal then pay the US big money for the same gas.

Ukrianie is not in the EU.

Jamie Dimon Head of JP Morgan telling all his billion dollar investment people in private meetings (minutes leaked last week) that there is serious pain ahead and to go to cash. Jp Morgan company on Bloomberg and media saying bear market is over and there is no real chance of a recession.

Wonder why that is get the licks of the average Joe's to buy in so the heavies can sell out too cash and were left holding the bag.

I am curious, have any of ye with private pension funds changed the fund breakdown to have less equity/property and more cash/bonds?

which currency though?😁

I probably should do that, not for all that's in it anyway only started it about 3 years ago. I do believe we will see a crash and prices will drop but I still think we won't see inflation going below 4% even with a deflationary downturn. Food price with fertiliser, gas, electricity the necessities will keeping infation well above the target of 2%.

Worst thing is too if there does come a deflationary downturn CBs will just quantitative ease their way out of it again, save the big boys and re inflate the asset price back up and the casino starts again. Its a shambles and the jig is up. I think for a real economy to appear again they need to let the big guys that mismanaged go bang let the economy reset, otherwise all we will ever see is a fake economy driven by central banks