“As markets open after a tumultuous weekend, there’s a great deal of fear that we may be staring down the barrel of a 2022-style energy shock triggered by Russia’s invasion of Ukraine,” said Nic Puckrin, co-founder of Coin Bureau. “Back then, Brent crude spiked above $120 a barrel, and inflation exploded.”
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It was less the size of the initial debt, he explained, than the way above-inflation interest rates meant the interest charged alone was now almost as much as the original sum. “So was it mis-sold to me?” he asked, rhetorically. “Yes, I’d say so.”
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