It might become a case of who blinks first: Russia because of its need for hard currency or Europe because of its need for energy.

FALLOUT: Russia Privately Warns of Deep and Prolonged Economic Damage. The document, the result of months of work by officials and experts trying to assess the true impact of Russia’s economic isolation due to President Vladimir Putin’s invasion of Ukraine, paints …

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Fed Finally Blinks

via MacroTourist The other day Stock Board Asset Macro Research’s Alastair Williamson tweeted the following chart with the accompanying comment, “The entire world is burning, and America is holding on by a thread.“ It’s a great table for it shows that …

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