Watch now (14 mins) | Chinese economic interests make it more likely to act on Ukraine than the US.
Great thinking Russell; if you were to add India's offtake of items such as veg oil from Ukraine/Russia, potash from Belarus, one can clearly see issues that will manifest themselves in the Ag's mkts. And lets not talk about rare materials needed for semi fabs...
Calling all those economists who had pronounced the death knell for inflation...where art thou??
excellent piece - have not seen this perspective anywhere else. thank you for sharing
Nice insight Russell
I'd say that you are about 3 weeks ahead of the crowd on this one. Hard to express this conviction in a short term position with all the geopolitical related volatility. Looking forward to the clearing house piece next.
The only chance Russia and China can prevail over US hegemony is to have each others back.
Historically current Russian actions would have had a meaningful repercussions in markets. Bar a few falling Russian shares seems the markets are generally uninterested.
Very thoughtful piece Russell. Certainly will be worth watching China’s response to Ukraine as they appear to have plenty of skin in the game. Was unaware that the US does not import any oil currently, if this is accurate then suspect they will not be that forceful in their response. The markets are as usual very odd . No currency volatility and almost no equity or bond movements quite remarkable historically . M