Greetings. There is a high likelihood of a financial contagion if the Russia-Ukraine hostility does not end this month of March. As the European Union ships weapons to Ukraine, and Russia moves more arms towards Ukraine, many bad things will happen.
“The European Union agreed Sunday to … spend hundreds of millions of euros on buying weapons for Ukraine … EU officials said.” Associated Press reports. They have started the African playbook in Ukraine instead of addressing the root cause of this problem. Before you know it, some smart men will model how much profit & loss statements will improve if the war continues for an extra hour. And just like that, the evil party continues. The war is seen from balance sheets and how much dead weapons to be sold.
But understand one thing: if Russia, the world’s second largest oil producer, decides to strike back, oil prices will hit the ceiling and that may put pressure on most economies. Russia is a very small country on its share of global GDP – about 3% – but its energy position is HUGE. So far, the sanctions have been muted on its oil and gas, but nothing stops it “sanctioning” the world.
Look at your market positions and take action. Do not rely on the promises of politicians and press releases; this is a really big matter because it is not happening in Ethiopia, Iraq, Mali and Afghanistan but EUROPE. Yes, there is panic because it is home!
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In a webinar this morning evaluating the potential financial impact of this war, I made the point that economic sanctions on Russia will not be as devastating as the “military sanctions” in Ukraine which are ongoing across Ukraine. So, for any sanction on Russia, Ukraine is experiencing 100x more since they are not just experiencing infrastructural destruction, but the lives of their citizens. If anyone thinks that the impact will not hit markets, that model is faulty.
Do not underestimate fast-growing madness because I have even seen that CNN, BBC, Fox, etc are not reporting facts. Everyone has taken a patriotic position which is great but markets do not run on such. So, shine your eyes and do not be taken unawares.
Tekedia Mini-MBA will run a session during our Live session on Saturday to discuss what we could do to protect our assets. We’re a living school and do change our program with real market moving events. During covid-19, we ran many sessions to help our members.
We pray for peace. They need to stop this madness fast.
The Russian military said Tuesday it will carry out strikes against the facilities in Kyiv, warning civilians living near the areas to leave.
The Russians will target the Security Service of Ukraine (SBU) and the 72nd Main Center for Information and Psychological Operations (PSO) in Kyiv, the Russian defense ministry said in a statement Tuesday via Russian state news agency TASS.
“In order to suppress information attacks against Russia, the technological facilities of the SBU and the 72nd main PSO center in Kyiv will be hit with high-precision weapons,” the statement said, according to TASS. “We call on Ukrainian citizens attracted by Ukrainian nationalists to carry out provocations against Russia, as well as residents of Kyiv living near relay nodes leave their homes.”
Speaking about the “relay nodes,” CNN’s Clarissa Ward said, “we understand that to mean communications towers. So large antennas, things of that nature.”
President Zelenskyy of Ukraine, Call President Putin And Stop The Madness
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Don’t you think that you are too pro-Russia in your analysis of current events? From Putin to Biden, from Zelenskyy to whoever you wish to add to the list, I can guarantee you that no one knows what could happen in another one month, let alone investors!
I thought that by now all the panic buttons that were pressed during the Covid-19 drama should have taught us something? That in this world, we are not close to being as smart as we tend to project? We destroyed so much wealth because of how a health pandemic was turned into ultra political affair, with those who obviously knew nothing shouting down anyone with contrary view, and at the end of all the lies, at least the discerning minds could see how everything played out.
Now it’s Ukraine and its probable wipe off by almighty Russia, only that that wipe off seems to be taken longer than expected, but from our ‘experts’, Ukraine wipe off is a certainty, except Putin gets all he wanted!
No, cutting off Russian oil won’t make oil scarce, all you need is to tell climate activists to go on break, so that more oil can be extracted from other regions that have it in abundance; no need giving too much relevance to Russia’s contribution to the proper running of the universe.
Certainly not pro-Putin. I will not want anyone to attack my village for any reason.