Egregoros

> European Central Bank President Christine Lagarde said that even if the conflict in the Middle East ended now, “lagging effects” would keep the prices of goods elevated.

> “And it’s probably a fact that price levels will be higher at the end of this crisis, when we see the end of the crisis,” Lagarde said.

@feld

> European Union officials

Not to say that the statement is wrong, but it comes from totalitarians who are wrong far more often than they are right.

@jeremiah you dont need to trust them, the oil traders have been saying this for a while now

@feld @jeremiah Higher prices are good for business.

@feld They are trying to bypass throguh Syrian Ports but it is going to take a while. Apparently that was one major reason why Syria was so important to Russia/Iran.

@feld But still, Agamemnon and Menelaos were not able to realise that sacking Troy would disrupt the flow of tin and effectively end the greek oil - I mean bronze age...

@SholemAlejchem history repeats itself ...