The response by the west to the Russian invasion of Ukraine to freeze Russia’s foreign currency reserves held by western C. Banks has started to shine light on the risk..
But Russia, unlike Iran, outside of oil and gas which Iran has plenty of, is a global commodities powerhouse. Result global commodity prices are soaring contributing to the highest inflation seen since the 1970's. Food inflation could spark famines particularly in the Mid-East and Africa.
2022 looks to be shaping up as the “Golden Year” we projected in December as linked above. It’s been a long 1.5 years in coming, but the pent up energy that those handles built up..
Andrew Maguire unpacks the geopolitical after-effects of sanctions against the Russian Central Bank, and the resulting global shortfall in physical gold & silver supply.
Now it’s 2022 and another strange recession looms. That’s right, I’m calling it: Recession is here, or will be soon. And unfortunately, it will be a global recession. Like the COVID recession, this one has little to do...
The bottom line is big US companies’ Q4’21 fundamentals are precarious. While they reported fantastic revenues and earnings growth, their stock prices remained excessively-high.
