Posted on 03/06/2022 7:01:46 AM PST by Browns Ultra Fan
Russia is still engaged in its invasion of Ukraine. And the US continues to import crude oil from Russia. In fact, US crude oil imports from Russia soared under Biden only to decline again in December 2021.
On the sovereign bond and currency front, the 5.25% coupon Russian international sovereign bond has crashed to 22.494. And the Ruble/USD cross has crashed as well.
Sberbank Bank 5 1/8% corporate bond has crashed to 25.
The Russian blue-chip stock market (OTOB Russian Traded Index CRTX) has crashed by over 50% since the invasion of Ukraine.
Russia’s Credit Default Swap (CDS) 5Y has dropped to a still-elevated 554.
The US really needs to ban Russian crude oil imports, since Biden’s failed in game theory by cutting US energy exploration on Federal lands and offshore drilling.
War is hell, as Vlad “The Ukrainian Impaler” Putin has demonstrated.
(Excerpt) Read more at confoundedinterest.net ...
The media wills pin it that Biden stood up to Putin - just in time for the midterms. And the sheep will forget all about the 2 years of Covid hell the dems put us through.
I wish someone would sanction me by tearing up the mortgage on my house.
What is the par price for a Credit Default Swap?
1,000?
I think this is the first time I have ever seen a CDS chart.
Lies…..lies…….lies……..that’s all FJB has left in the tank.
Also, the Republican Party has done nothing consequential to prevent voter fraud in swing states and competitive Congressional Districts.
And the sheep will forget all about the 2 years of Covid hell the dems put us through.
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The Dems and their media allies still have time to craft positive narratives for the mid-terms.
The GOP doesn’t even have a narrative.
I’m not sure that 5 dolla gas and 5 dolla loaves of bread gonna make Biden all that popular....
Also, the Republican Party has done nothing consequential
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They are conversational, not consequential.
They talk a lot but do nothing.
The media will tout any decline in the growth rate of prices as a “downward trend” before the elections and give all the credit for this “improvement” to the Democrats.
The Sheeple will buy it hook, line and sinker.
High crimes and misdemeanors. Impeachment doesn’t cover incompetence.
And his stooges that advise him all guilty.
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