Tuesday, April 19, 2022

Yes,

 


Ukraine war: Russia bombards cities as eastern offensive begins


"But after facing stiff resistance, Russian defence officials said that its main objectives in the "first stage of the operation" had been "generally accomplished" and its forces were moved from areas around the capital.


they most certainly have been...


IMF cuts global growth forecasts on Russia-Ukraine war, says risks to economy have risen sharply


As in:


Inflation concerns

"More broadly, Russia’s decision to invade Ukraine has intensified supply shocks to the global economy, while also bringing about new challenges.

“Russia is a major supplier of oil, gas, and metals, and, together with Ukraine, of wheat and corn. Reduced supplies of these commodities have driven their prices up sharply,” the fund said Tuesday.

This is expected to hurt lower-income households globally and lead to higher inflation for longer than previously anticipated. The IMF estimates the inflation rate will reach 7.7% in the United States this year and 5.3% in the euro zone."


"Speaking to CNBC Tuesday, Tobias Adrian, director for monetary and capital markets at the IMF, said that the current string of crises hitting the global economy reminded him of the euro sovereign debt crunch which followed the 2008 crash.

Many commentators and policymakers hoped that the 2008 crisis was over but they were just about to enter this new sovereign debt crisis. Today, we had the pandemic, the pandemic caused tremendous stress in the financial markets It has left the financial system with certain vulnerabilities and so on top of this pandemic, in this phase of pandemic recovery comes the war in Ukraine and that has caused further stresses in some segments,” he told CNBC’s Geoff Cutmore.


It's kinda a big part of the point yo...

as well as hastening the dollars demise as the reserve currency of the world, fracturing NATO and the EU etc...


I love you honey...

Tired, aggravated and back hurts a lil but I love you always...

always thinking about you...

yup...


I'll get over it in a few days...

Maybe...

I hope :-).





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