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Putin Invades Ukraine
Hours after the heads of Ukraine's separatist republics formally requested assistance from the Russi
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Belarus and Russia have invaded Ukraine from the Belarusian border with troops and tanks. Sanctions aren’t going to deter Putin. Nobody seems to have a clue what the plan is. We should all be worried.
Putin is done.
And after he’s gone, let’s hope we get to say good-bye to Lukashenko, another dinosaur who the world would better off rid of.
“Heavy” sanctions but SWIFT and Russian energy probably untouched. Not enough political will in US or Western Europe to do so.
Exactly correct Sir. Remember Teddy Roosevelt who said “Talk softly but carry a big stick”. Now we have the exact opposite: Talk loudly about big sanctions and then send thoughts and prayers. Endless ineffective diplomatic babbling and when the tyrant pierces right through all the big talk, we respond with… hey “we’re prayin’ for you”…the old “thoughts and prayers” routine and more useless words in the UN. As long as Russia controls the air space over Ukraine, the Russian invasion will go as planned. Putin is smart enough to not want to occupy Ukraine because he doesn’t want to get bogged down in an insurgency. The Afghanistan debacle and now the feeble and effete “sanctions” in response to the brazen disregard of international law tells tyrants plotting to claim Southeast Asia and the Pacific all they need to know. We have taken for granted, and are now squandering the world order handed to us by the values and sacrifice of the “Greatest Generation” that won WW2.
Joe and Jill should start praying for us citizens of the US as well, if/when Putin succeeds in forcing regime change in the Ukraine the next target will be regime change in the US in 2024…
Sanctions and expulsions should be directed at the top 200 Russian oligarchs. Those oligarchs do not want to be forced to live in Russia and if they are deprived of living a luxurious life outside of Russia- they will determine Putin’s fate.
Watching the CNBC news scroll as the coffee maker gurgled along. Among the headlines about bitcoin hitting a one month low, I saw one from Daly at the Fed saying there is more urgency to raising interest rates. Brilliant!!
Oli at $120. When does CPI hit 10% April?
Try that again. Oil at $120. When does CPI hit 10%? April?
Maybe. But higher oil prices are like a tax hike. A very regressive tax hike. Outside of leisure travel, gasoline demand is fairly inelastic. Raising rates in response may end up worsening things further.
There is an historical precedent – the Bundesbank cranked up interest rates in response to OPEC oil embargos. Even they later had to admit that it was not a wise reaction.