Factors..

 

Our NIESR policy paper considers several channels expected to affect the global economy.  Trade restriction as the result of sanctions imposed on Russia.

Higher energy prices, 

Higher European public expenditure on refugees and defence.

Higher uncertainty and investment risks globally.

Higher exchange rate risk in Russia. 

The analysis was done in the very early stages of the conflict, which means the results are derived from the limited sanctions announced in the first few days of the war. 

Moreover, in the simulation there was a positive impact to Russian GDP from the increase in energy prices. There is significant risk of more material losses if energy and gas trade is restricted and other financial sanctions bite.

So the trouble in  UK could be created by the G7 response to the War of Ukraine. 

Just a thought.

Blank Check..

 

This all started when House Minority Leader Kevin McCarthy in an interview with Punchbowl News. Said  “I think people are gonna be sitting in a recession and they’re not going to write a blank check to Ukraine,” McCarthy said.

It’s true that many Republicans full-throatedly support the Ukrainian cause. A large majority of Republicans have so far voted for tens of billions of dollars in Ukraine aid. But 57 House Republicans voted against it. And a Democrat points out that a number of House GOP candidates  opposed more funding, too.      

The question here is; who are we helping with extending the war in Ukraine? 

Fueling the Ukraine war resulted in millions who fled the country,  destruction of a country of Ukraine, daily misery for those who stayed and  people in many other countries due to sanctions, higher prices, and economic unavailability of food.

Or we just giving free money to the defense industries? Just a "Blank Check" thought.

Shrinking..

 

Stop..

 

Defund..

 

Radical..

 

Economics..

Sen. Bernie Sanders said Sunday he’s worried about turnout levels of young Democratic voters ahead of the November midterm elections.

The Vermont senator said, “I am worried about the level of voter turnout among young people and working people who will be voting Democratic.

Sanders continued to suggest that Democrats should frame their midterm approach around economic talking points — and not abortion — to drive turnout.

Sanders, who is chair of the Senate Budget Committee, backed President Joe Biden on opposing the elimination of the debt ceiling, projected to be a key issue should Republicans take back the House and Senate in November.  “You have to increase the debt ceiling,” Sanders said.

That spending brought inflation and disastrous economic problems that will poor people are paying for the high prices of food, energy etc. Just a thought.

Talk..

 

At the start of the meeting in the Bavarian Alps, four of the Group of Seven rich nations moved to ban imports of Russian gold to tighten the sanctions squeeze on Moscow and cut off its means of financing.

A French presidency official said Paris would push for a price cap on oil and gas and was open to discussing a U.S. proposal.

The G7 leaders did agree on a pledge to raise $600 billion in private and public funds for developing countries to counter China's growing influence and soften the impact soaring food and energy prices.

G7 host German Chancellor Olaf Scholz invited Senegal, Argentina, Indonesia, India and South Africa as partner nations at the summit. Many countries of the global south are concerned about the collateral damage from Western sanctions on Russia.

Was that a bad planning from the G7 or a biblical fate "If you set a trap for others, you will get caught in it yourself. If you roll a boulder down on others, it will crush you instead?"

Say..

 

Anger..