‘Any Day Now’: Ukraine Invasion Warning Hits Fragile Markets
Investors scarcely needed another reason to worry amid escalating Fed concerns and a lingering suspicion that January's equity selloff presaged something far more sinister, but on Friday afternoon, National Security Adviser Jake Sullivan told a press conference that Vladimir Putin may not wait until the Olympics are over to invade Ukraine.
"We continue to see signs of Russian escalation including new forces arriving at the Ukrainian border," he said. "It could begin during the Olympics despite
Was just about to post this on the previous post. A Russian invasion of Ukraine is not going to help the inflation picture. Energy, European imports and interest rates, international travel (to name a few) — all will become more expensive.
Does anyone here remember the economic of the first OPEC oil embargo? Or subsequent energy shocks? Old line central banks (read Bundesbank) seemed to feel that the best response was to raise interest rates. Really smart given that higher energy prices act as a TAX and diverts spending away from other goods and services.
That was when the global economy actually faced stagflation.
I remember the first OPEC oil embargo and I remember paying 16% interest on my mortgage in 1980. The far right always implements the “make the economy scream” playbook when progressives are in power and then austerity for the poor when they regain control. Nothing new or unexpected here.
I remember the embargo. I was only allowed to buy gas on M, W, F. My family’s business was making inputs to the RV and Manufactured Housing industry. There was actually a distinct day when our customers all stopped paying us. That drought lasted a year and forced the sale of our firm. Then came Nixon’s price controls. That didn’t work. I changed careers. Actually great for me and my wife.
hopefully NATO is unified as Putin must be forcefully confronted and stopped … thoughts and well wishes to the poor people of Ukraine who deserve better…here the financial and political costs of two unwinnable wars in Afghanistan and Iraq come into play…
It feels like we’re sliding into WW3. What this world really needs at this point.
I see bad results no matter what happens. If Putin invades he is gambling his control over Russia……and the net effect will be to make Nato more relevant and aggressive. I can see Putin in danger of being assasinated down the road if he invades.
H-Man, the market needs a light at the end of the tunnel . . . . . and for the time being there is nothing but darkness.
This is going to be more like traveling through the Gotthard Base Tunnel in a high speed train.
I’m not sure I see the logic of a Putin invasion damaging Biden’s popularity.
Any military confrontation is still extremely unlikely, this is not the way that Putin operates. The US government is over reacting post its Afghanistan foreign policy failure and the Boris Johnson in the UK is exaggerating the possibility in order to ensure his political survival.
UK is a significant beneficiary of Russian oligarchs wealth moving to UK – especially UK real estate- so they could “freeze” funds (but won’t). Macron is “appalled” at Putin’s actions but since France gets 70% of its energy from nuclear- probably won’t go to bat for the Ukrainians. The Germans like heat in their homes- and are dependent on natural gas- so when it comes down to staying warm vs. defending the Ukrainians- I guess we will see- but I have my suspicions. Americans don’t want another Afghanistan.
I seem to remember that Putin annexed part of the Crimea while the Socci Olympics were going on almost literally down the block I also saw this AM that the Russians are pulling their diplomats out just like we are.