Sagar

Let's put the next one up here.

Very interesting piece from Bloomberg.

The cumulative global impact of the seven-week war is beginning to emerge in the coming week.

they specifically point to all of these different indexes which track inflation specifically for manufacturing.

And you can already see that in many of them, that the composite PMI, manufacturing PMI, and services PMI, many of them are beginning to spike.

And actually, we saw some of the very beginnings of some of this for stagflation that happened just in the last month data.

But really, I think where you have to look is just at the OPEC number from last month, 27% reduction.

Put before next on the screen, please, because this just makes it very, very clear.

The world is now in the biggest energy crisis in history.

600 million barrels of lost oil supply.

The gas prices are up 47% since December.

Inflation is at 4%, a similar path in the 1970s.

There you go.

I mean, it doesn't take a genius really to figure out where things are gonna go from here.

The same oil shock in the 1970s is really what propelled the US economy into problems that lasted for, I'm forgetting when the recession ended in the 80s, maybe 82, 83.

It took a long time, right?

Even with the resumption of Reagan after the whole hostage crisis and all of that was solved.

And the reason why is because

the amount of dried up capital, the spreading effects of stagflation, interest rates, it really froze everybody and it also scarred a generation forever.

And I think our generation,