Doom
With European stock markets crashing today, and oil well over $100.
It looks like are heading for another recession. Recessions always happen when oil goes over $100. As if inflation wasn't already high enough.
This is happening because of the economic sanctions and not due to the war (wars tend to be good for business).
Seems like these sanctions are a knee jerk reaction, will probably hurt us as much as Russia and do nothing to stop the war. But they make us feel good that we punishing Putin (who will still get to live like a tsar in his palaces)
You have China, India and Pakistan. Half the worlds population eager to buy Russian resources when Europe stops buying.
With European stock markets crashing today, and oil well over $100.
It looks like are heading for another recession. Recessions always happen when oil goes over $100. As if inflation wasn't already high enough.
This is happening because of the economic sanctions and not due to the war (wars tend to be good for business).
Seems like these sanctions are a knee jerk reaction, will probably hurt us as much as Russia and do nothing to stop the war. But they make us feel good that we punishing Putin (who will still get to live like a tsar in his palaces)
You have China, India and Pakistan. Half the worlds population eager to buy Russian resources when Europe stops buying.
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