We are told endlessly, by the PhDs in control, how 'efficient' stock markets are, always capable of discounting all the possibilities that the world faces. If that is the case, then what is the 'market' saying about costs that are being paid for Russian sanctions? It seems the more the US presses, the weaker European stocks go... as we noted previously, the "Stop Putin" coalition may soon crack [2].
European stocks have suffered the most since sanctions began... (and this is why) [3]
[4]
Chart: Bloomberg
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We wonder how much more pain Europe is willing to withstand before it cries uncle and does the land-for-gas deal that puts the final nail in the US Dollar Hegemony coffin. [5]
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