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Strategies & Market Trends : ajtj's Post-Lobotomy Market Charts and Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (53073)	2/28/2022 1:15:55 PM
From: ajtj99	1 Recommendation Recommended By towerdog Read Replies (3) \| Respond to of 97188

A key blurb from that article: “If all Russian gas is cut off, Europe would have no chance of coping,” said Kateryna Filippenko, European gas analyst at Wood MacKenzie. “In the event of prolonged disruption, gas inventory couldn’t be rebuilt through the summer. We’d be facing a catastrophic situation of gas storage being close to zero for next winter. Prices would be sky high. Industries would need to shut down. Inflation would spiral. The European energy crisis could very well trigger a global recession,” she said.

To: ajtj99 who wrote (53073)	2/28/2022 1:24:37 PM
From: Sun Tzu	Respond to of 97188

It seems to be paywalled and beyond access. Could you summarize it or post the article?

To: ajtj99 who wrote (53073)	2/28/2022 1:46:09 PM
From: ajtj99	Read Replies (2) \| Respond to of 97188

Some snippets: The joint decision by the US, UK, the EU, and Canada to sanction Russia’s central bank will prevent Vladimir Putin from deploying a large part of his $635bn fighting fund of foreign exchange reserves. It is believed that two-thirds are located at the New York Fed, or in London, Frankfurt, and other Western jurisdictions. The reserves can be frozen. Putin still has gold under his control, so brace for a crash in bullion prices as he dumps 400-ounce Soviet bars on the Dubai market, all the way down to final Tsarist bars with the imperial eagle.If these estimates are correct – and it may not be as simple as that – Putin will no longer have the means to stabilise the rouble, or to help Russian companies cover some $330bn of external debt as repayment comes due. This is how hyperinflation begins. A vicious circle sets in where devaluation turns manageable foreign liabilities into systemic insolvencies.