March 07 (Monday)
Latest Morning Briefing Executive Summary: It’s a Mad, Mad, Mad, Mad World
With the whole world at the mercy of Mad Vlad, the pandemic now seems like a walk in the park. A nuclear power plant catastrophe has been narrowly averted, but Putin’s war has melted down Russia’s stock market and currency. … For the US economy, we now see stagflation, with persistently higher inflation and less economic growth than expected before the war. A recession can no longer be ruled out. … For stock investors, we think 2022 will continue to be one of this bull market’s toughest years. We’ve dropped our year-end 2022 and 2023 S&P 500 targets to 4000, a 16% decline, and 5000, a 25% rebound to a new record high.
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YRI
Daily Markets Overview
See subscribers’ link below for today’s Morning Briefing.
Replay of Dr. Ed’s webinar on February 28.
Markets
How the Stock Market Reacts to War and Other Crises, According to History | BR
8 Experts Explain What the Ukraine War Means for Markets | BR
Investors Start Buying Ukraine, Russia Bonds | W
Commodities
U.S. crude oil tops $130 a barrel, a 13-year high on possible Western ban of Russian oil | C
National average for a gallon of gas tops $4, the highest price at the pump since 2008 | C
How High Can Oil Prices Go? What to Know | BR
Oil spikes to 2008 highs as U.S., Europe mull Russian oil import ban, Iran delay | R
U.S. Officials Meet With Regime in Venezuela, to Discuss Oil Exports to Replace Russia’s | W
Ukraine: Angry dock workers in the UK are refusing to unload Russian oil | C
This Russian Metals Giant Might Be Too Big to Sanction | W
Central banks
The Fed Risks Making a Policy Mistake. Here’s How to Avoid It. | BR
The ECB’s Inflation Problem Is More About Supply Than Demand | W
China’s Robust Growth Target Points to More Stimulus Ahead | W
US
Biden Caught Between Inflation and Calls to Ban Russian Oil | W
Stagflation Is Here. Is Recession Next? Real Wages Hold the Key. | BR
How War in Ukraine Drives Up Inflation at U.S. Farms, Supermarkets, Retailers | W
Europe
Southern Europe grapples with changing face of tourism | R
China
China Sets Economic Growth Target of Around 5.5% for the Year | W
Geopolitics & trade I
When Vladimir Putin escalates his war, the world must meet him | E
Ukraine Faces Fresh Wave of Attacks Focused on Population Centers | W
Fighting traps residents in Mariupol; Putin calls on Ukraine to surrender | R
How to help Ukraine as Vladimir Putin bombards its cities | E
U.S. Hunts for Options to Get Polish Combat Planes to Ukraine | W
Is the Russian Air Force Actually Incapable of Complex Air Operations? | Royal United Services Institute
Russia Recruiting Syrians for Urban Combat in Ukraine, U.S. Officials Say | W
Geopolitics & trade II
The Russia-Ukraine Cyberwar Could Outlast the Shooting War | W
The west’s hybrid war on Russia | FT
For Israel, Ukraine Was A Test Case And The West Failed That Test. | American Thinker
Opinion: From Hungary in 1956 to Ukraine in 2022, Russia has tried to crush the people’s will – and failed | The Globe and Mail
Geopolitics & trade III
Western sanctions on Russia are like none the world has seen | E
Netflix, American Express and two top accounting firms sever ties with Russia | R
A new age of economic conflict | E
China Opposes Sanctions and Has a Reputation for Busting Them | W
Russian Banks Turn to China to Sidestep Cutoff From Payments Systems | W
Industries & companies
Media: ‘The Batman’ tallies $128.5 million domestic box office opening | C
Virus
CDC director makes startling admissions about pandemic response | wnd.com
