Article

2022-02-22 Economy

Markets brace for heavy falls as Russia-Ukraine crisis escalates

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Posted by Besoeker 2022-02-22 02:14|| || Front Page|| [4 views ] Top

#1 Germany just stopped Nordstream 2

Posted by European Conservative 2022-02-22 06:10|| 2022-02-22 06:10|| Front Page Top

#2 I don't see how Putin could do a serious invasion of the Ukraine without Nordstream 2.

The various pipelines through the Ukraine allow Russia to provide 30%+ of Europe's natural gas and in return Russia gets about 35% of its cash needs.

Posted by Lord Garth 2022-02-22 06:19|| 2022-02-22 06:19|| Front Page Top

#3 Putin thinks he can sell it all to China. He'll be in for a rude surprise when he finds out how much China is going to pay for it.

Posted by European Conservative 2022-02-22 06:44|| 2022-02-22 06:44|| Front Page Top

#4 Hut ab vor den Chermans.

Posted by Besoeker 2022-02-22 06:49|| 2022-02-22 06:49|| Front Page Top

#5 as of about 720 EST the futures are only barely lower (some of them are even up a tiny bit)

petroleum futures are up significantly however to almost $95/bar WTI

Posted by Lord Garth 2022-02-22 07:24|| 2022-02-22 07:24|| Front Page Top

#6 As of 07:47 ET, Gazprom GAZP.ME is up 7.28%

Posted by Merrick Ferret 2022-02-22 07:48|| 2022-02-22 07:48|| Front Page Top

#7 China can and will pay good marriage bey. They've got trillions to spare.

In any case Russia's salted away enough money to weather any new sanctions that Magoo decides to fling at them.

Hard currency reserves, January 2022:
- Germany (Bundesbank): $295b
- Russia: $650b
- China: 3.22 TRILLION

Posted by Merrick Ferret 2022-02-22 07:55|| 2022-02-22 07:55|| Front Page Top

#8 * China can and will pay good money

Posted by Merrick Ferret 2022-02-22 07:56|| 2022-02-22 07:56|| Front Page Top

#9 "Markets brace for heavy falls"?

Nope. Markets coming back up. Gazprom rallying, up 7%.

Markets evidently believe that China will buy all the gas Russia can sell.

Posted by Merrick Ferret 2022-02-22 09:22|| 2022-02-22 09:22|| Front Page Top

#10 Kissenger/Nixon opening to China was based on the concept of triangulation. Seems familiar, but we seem to be on the wrong side of it. Our grandparents and parents (for us codgers) gave us a superpower based on strength, industry and confidence in our institutions, beliefs and exceptionalism. Seventy years later, we have squandered it and stopped believing in much of it beyond material plenty. And now that too is ending. It has been a chronicle of stupid choices and tolerance and coasting along on the belief that it will always be that way. The worst part for me is the mind-numbing lack of basic history and rudimentary situational awareness expected of a citizen. I look north and south and see nothing but our future as the globalist sewer rats loot what is left of the public trust and treasury.
I would try and tell our grandkids about the path that led to this to awaken them, but I can't fit it in 186 characters..

Posted by NoMoreBS 2022-02-22 12:23|| 2022-02-22 12:23|| Front Page Top

#11 /\ You did an excellent job of explaining the origins NBS.

The exploitation of cheap Chinese labor finds it's roots in the Kissinger/Nixon opening. Kissenger went on to make a successful career of coordinating investments in China. In fact, the crooked bastid is still at it today.

Posted by Besoeker 2022-02-22 12:32|| 2022-02-22 12:32|| Front Page Top

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