This is a syndicated repost published with the permission of Sober Look. To view original, click here. Opinions herein are not those of the Wall Street Examiner or Lee Adler. Reposting does not imply endorsement. The information presented is for educational or entertainment purposes and is not individual investment advice.
Myth # 1: Those who believe that Putin’s actions with respect to Ukraine could hurt Russia economically should think again. Global tensions have generally been good for Russia and the current situation is no exception. Russia is not afraid of US administration’s sanctions threats. More dollars are about to start flowing to Putin and his friends (see story).
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| Brent oil futures (source: Investing.com) |
Myth # 2: Similarly those who don’t believe that the Ukrainian conflict will have a major impact on the US (see story) may want to rethink their position. Ignoring these major geopolitical developments just because Ukraine doesn’t have a direct economic link to the North America is shortsighted.
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| US gasoline futures (source Barchart) |
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