They say that god created economists to make the meteorologists look good, which we basically concur with, but it probably hasn’t ever been of a bigger relevance to combine weather- and economic forecasting than just now. The current extreme energy crunch is clearly weather-linked and even the Green Eurocrats probably hope for an extraordinarily warm winter this year. Natural gas prices are up 55% over the past three days as inventories are running scarily low across Europe ahead of the winter season. The only winner in this energy crunch is Vladimir Putin. Let’s have a look at the situation. {chart} What took us ... (full story)