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NOTE: When providing a source, please provide a very brief summary on what it's about and what purpose it adds to the discussion. The supporting statement should clearly explain why the subject is relevant and needs to be discussed. Please follow this rule especially for tweets. Your supporting statement should always come BEFORE you provide the source. | ||
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{CC}StealthBlue
United States41117 Posts
On February 28 2022 07:36 plasmidghost wrote: My limited knowledge of the financial markets tell me that this move is going to make things worse for everyone, right? Wouldn't this cause even a bigger panic, also isn't this basically asking Russian traders to not get commissions for however long? | ||
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Emnjay808
United States10665 Posts
On February 28 2022 07:36 plasmidghost wrote: My limited knowledge of the financial markets tell me that this move is going to make things worse for everyone, right? https://twitter.com/FGoria/status/1498058707116208132 People not being able to sell securities means the price will not go down. This is an attempt to preserve their bottom line. Not sure how legal this is. (I guess it is legal, you just ruin reputation) | ||
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Belisarius
Australia6233 Posts
Nobody has a rulebook for what happens now that one of those powers has tried to extend their umbrella over their own mad offensive. Putin appears to be juuust insane enough, and his grip on power juuust shaky enough, that there's a chance he'll end the world because his invasion fails. We are headlong into a game of nuclear chicken with a guy who might not even care if he crashes out. It's scary as hell. You have to just hope that there are enough people between Putin and the suitcase that if he decides to take the world with him, someone in the chain will refuse. | ||
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Sbrubbles
Brazil5776 Posts
On February 28 2022 08:48 plasmidghost wrote: Lots of extremely knowledgeable people are sounding the alarm. Monday for all of us might be one of the most consequential days in human history depending on how Putun and the Russian citizens react to their economy collapsing "It could get very scary and not have the outcome you suspect." Is vague doomsaying meant to be a sign of knowledge? To me it's a sign of being incapable (or too scared) of making proper predictions | ||
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Gorsameth
Netherlands22415 Posts
On February 28 2022 09:20 Sbrubbles wrote: I assume his point is that its hard to predict how Putin would react to the complete self destruction of the Russian financial market and that how hard it plummets is not up to world leaders practicing diplomacy but the whims of traders"It could get very scary and not have the outcome you suspect." Is vague doomsaying meant to be a sign of knowledge? To me it's a sign of being incapable (or too scared) of making proper predictions | ||
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Sadist
United States7328 Posts
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LegalLord
United States13779 Posts
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Starlightsun
United States1405 Posts
On February 28 2022 09:37 LegalLord wrote: Finances are kind of global and intertwined in a way that nobody really understands. Don't forget that we once had a global recession because some banks in the US made bad loans for buying houses, which doesn't feel like it'd have that kind of effect until you see how much of the rest of the market depends on these things. That's a good point. Probably going to be major ripple effects even if it all seems targeted at Russia. And things were already fragile because of covid. | ||
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Sbrubbles
Brazil5776 Posts
On February 28 2022 09:31 Gorsameth wrote: I assume his point is that its hard to predict how Putin would react to the complete self destruction of the Russian financial market and that how hard it plummets is not up to world leaders practicing diplomacy but the whims of traders I don't have a problem with doomsaying itself, but if someone is going to do it, they should at least paint a minimal picture. Something like "a plummet of the rubble will force banks to write down loans to russian companies which will create a financial meltdown", for example | ||
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Belisarius
Australia6233 Posts
I agree it comes across like the guy is pretending to know more than he actually does, but this is such a weird nitpick when the world is on fire. | ||
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SC-Shield
Bulgaria855 Posts
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Lmui
Canada6223 Posts
The spectrum of outcomes is somewhere in there, and I'd lean towards the Ukraine favoured outcomes rather than the neutral/Russian favoured ones. I'm pretty biased though, and I don't know what the diplomats know that we don't. I don't think that Ukraine will give up 10% of its population lightly, especially when so many are willing to fight for them. | ||
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LegalLord
United States13779 Posts
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JimmiC
Canada22817 Posts
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LegalLord
United States13779 Posts
My hope is something that more permanently resolves the actual concern. DNR/LNR incorporated back into Ukraine with several security concessions on both sides. That'd be the best way to make sure this doesn't happen again. Of course, this is all contingent on that both sides are actually sufficiently ready to negotiate that a ceasefire is on the table. I am not convinced that that is yet the case, and if it isn't then it's just more combat. | ||
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{CC}StealthBlue
United States41117 Posts
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Nyxisto
Germany6287 Posts
On February 28 2022 09:37 LegalLord wrote: Finances are kind of global and intertwined in a way that nobody really understands. Don't forget that we once had a global recession because some banks in the US made bad loans for buying houses, which doesn't feel like it'd have that kind of effect until you see how much of the rest of the market depends on these things. If there's one lesson from both covid and now this I think it is that the 'markets rule everything' era is over. There's seems to be a shift now, very quickly that security and political goals take priority and that if you need to make resources available it can be done, and what finance has to say about it is secondary. | ||
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{CC}StealthBlue
United States41117 Posts
Said area is the place where the mechanized convoy was wiped out yesterday. | ||
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Belisarius
Australia6233 Posts
There is value in giving Putin an out, but he's put himself in such a terrible position that I can't see how any offer short of accepting his demands from a few days ago would satisfy his ego. And that's obviously out because... *waves vaguely at everything* The midground position is probably something like recognising DNR/LNR as independent in exchange for Ukraine coming under the umbrella, but that's simultaneously far more than Putin deserves and far less than he would accept. I feel like these talks won't be very fruitful. It would take huge internal pressure from within Russia for Putin to back down, and if that pressure did materialise he is probably gone anyway. It's a break-but-don't-bend situation. | ||
KwarK
United States44055 Posts
I misread it. Sorry. | ||
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