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With the Pandemic Shutdown of the global economy pushing the world closer to the Energy Cliff, the Russian-Ukraine War has now put the European Oil Industry in serious trouble. As European oil companies cut their ties with Russia, this will negatively impact the European economy more than the market realizes...
Almost seven years ago, Mike Maloney gave a presentation that outlined the potential for the present situation in Ukraine. Join Mike today as he revisits the presentation, and offers some advice on how the world can take a step back, take a deep breath….and gain some much-needed perspective.
If we look at how Russia has been positioning its central bank reserves over the past decade, it becomes clear that Putin has been planning this invasion for some time.
Feb 28, 2022 - 12:55:14 PST
As global gold price surged following the Russia-Ukraine conflict, many Chinese consumers rushed to stores to sell their holdings, while others, following a pullback in prices, are buying more in anticipation of further increases. That has resulted in a significant boom in spot gold trade in China.
Gold futures climbed on Monday, buoyed by Russia's ongoing invasion of Ukraine, with prices for the metal ending higher for the month. "If there is no...
“Geopolitical Risk” could well be a reason for the Fed to slow-roll tightening monetary policy in March. With Russia invading Ukraine, such would not be the first time that the Fed used “geopolitical risk” to remain cautious on changes to monetary policy.
Fortress Russia is crumbling. The central bank more than doubled its main policy interest rate to 20% on Monday to support the plunging rouble. It won’t be enough given Moscow has a dearth of palatable policy options.
Suffice to say, my main plan throughout this period is to mainly hold scarce assets- things like productive cash-producing companies, commodities, real estate, and hard monies, rather than being too heavily invested in fiat currency or bonds at any given time other than for some liquidity and optionality.
The whole world now seems united against Putin. Finland, Sweden, and even Switzerland ended neutrality.
Ukraine Invasion Not As Big for Markets As Inflation: Billionaire Investor Carl IcahnFeb 28, 2022 - 12:20:45 PST
Billionaire investor and Icahn Enterprises founder Carl Icahn argued on Monday that inflation is the biggest economic problem amid the geopolitical unrest.
Goldman Says Gold Is The Currency Of Last Resort; Trumps Treasuries As Haven-Of-ChoiceFeb 28, 2022 - 11:59:50 PST
In the last month, as global geopolitical tensions have soared, gold has dramatically outperformed peer 'safe-havens' such as US Treasuries, bitcoin, and the swiss franc.
Russian Oligarchs Move Yachts As U.S. Looks To 'Hunt Down' and Freeze AssetsFeb 28, 2022 - 11:57:05 PST
Russian oligarchs are moving their yachts as the United States and its allies look to target personal property.
These Are The Global Banks With The Largest Exposures To Russian SanctionsFeb 28, 2022 - 11:49:54 PST
Following Zoltan Pozsar's blueprint for how the US/UK/EU sanctions unveiled over the weekend could lead to problems in the "plumbing" of the global financial ecosystem, we have seen several cracks appear already.
Is the Russian incursion into Ukraine a desperate "land grab" by an unhinged Russian president? Is it as simple as that? That is what the mainstream media across the political spectrum is pumping out. And, as with all propaganda wars, anyone outside the lines is demonized. But what if there is something beyond the bumper sticker talking points?
SWIFT (Society for Worldwide Interbank Financial Telecommunication) is the global financial system that allows immediate and secure transfers of money across borders. It is the web that verifies all financial transactions. It links 11,000 banks and institutions in more than 200 countries, with 40 million messages a day...
It looks like what began as a highly successful Russian military action is being turned into a clown act by the Kremlin civilians who are so anxious to show that Russia means well that they risk turning the Ukraine intervention into a farce that might end in a wider European conflict.
Chris Hedges introduces his latest article for Scheer Post, titled “Chronicle of a War Foretold”, with the following:
The mayhem that has totally crushed one stock after another for a year breaks through the surface.
Collapse of the Real-Estate: House Flippers Opendoor & Redfin Come Unglued, after ZillowFeb 28, 2022 - 07:42:40 PST
“Tech” real-estate broker Compass and “tech” renters-insurance-seller Lemonade collapsed too. All eyes on Better.com’s delayed SPAC deal. I can’t wait.
Feb 28, 2022 - 07:40:34 PST
Following the Bureau of Economic Analysis (BEA) January 2022 personal income and outlays report, GDP forecasts took a dive.