The Russian War Against Ukraine Will Likely Push Up Inflation in the Short Term
After all is said and done, one thing is maybe clear. If Powell successfully navigates the storms ahead, he will be “hailed”. After all, with all the “disasters” Bernanke “promoted”, he was hailed “The Hero” by The Atlantic and got named “Man of the Year” by time magazine!
Dear Mr Politano, let me draw your attention to your comments regarding Black Sea wheat. Russia and Ukraine account for 30% or world trade, NOT total supply which s much bigger. But this is bad enough as world trade is the dinamic part of the equation. Additionally this region has been the “price fighter” in grain & oilseeds markets over the past 20 years and created a big dependence on many importing countries. This has been to the detriment of other market players like the US, Argentina, Europe and Brasil (oilseeds). Perhaps this was VP’s game plan from the very beginning. Very sad.
Suscriber Pedro Rodriguez