Ukraine, energy shock, inflation, purchasing power… Season 2 of “whatever it takes”

another time, another war. On October 6, 1973, the surprise attack by the Arab coalition led by Egypt and Syria on the State of Israel led to the first oil shock and the embargo of Saudi crude oil deliveries to the United States. . Today, it is the surprise attack by the Russian army on a large part of Ukrainian territory that is causing energy prices to ignite.
Vladimir Putin is not King Faisal of Saudi Arabia and the master of the Kremlin has not decided – yet! – close the gas tap. But the shock could be brutal. As half a century ago, the world is rediscovering a word or rather a phenomenon that made it tremble at the time: stagflation. The marriage of economic stagnation with inflation. Worst case scenario