Till von Wachter
๐ค SpeakerAppearances Over Time
Podcast Appearances
It's legal to do it.
And some economists would say that price differentiation is just part of the way that economics works.
If there's expectations that inflation is going to be higher in the future, then long-term bond yields are going to rise, borrowing costs are going to go up, and we can get into this cycle that can be a bit of a flywheel that's hard to stop.
But now, if some of that Venezuelan crude comes back, Abhi Rajendran with Energy Intelligence says... That is likely going to have to get kind of backed out of other sources, of which Canadian crude is going to be kind of your number one source of being substituted away from.
It takes a while to find that good job, and then it takes a while to reaccumulate those skills, and you're just behind.
We hope that young workers who have had a hard time finding good jobs will recover, right?
But if it takes a long time for them to find a job, then they are at risk of these longer-term consequences.