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  • Money Markets Stressed as Russia Sanctions Fuel Uncertainty

    From bnnbloomberg.ca

    Signs of stress are appearing in money markets as traders struggle to gauge the impact of toughened Western sanctions against Russia on liquidity. The gap between future Libor and Fed rates -- the FRA/OIS spread -- widened 10 basis points for one-month contracts, the most since March 2020. Other key money-market indicators fluctuated, including three-month dollar-yen basis swaps, while March eurodollar contracts underperformed June peers. The moves may reflect traders’ concern that dollar funding costs could increase as tensions in Ukraine escalate. The decision to exclude various Russian lenders from the SWIFT ... (full story)

Question nobody is asking as the label absolute dictator over all Russia affairs makes for simpleton minds this only Putin's decision.
Putin as any leader does not act in a vacuum. Russia's strategic defense apparatus has to go along with any invasion decision. As they most likely are in alignment with Ukraine invasion it is off the charts naive to believe this is not a far bigger move for Russia then implied by superficial analysis.

Russia's strategic defense concepts being behind this means they want an enduring buffer between Russia and Western Europe. Undermining the Russian government is not something they are going to acquiesce too.
I asked on another News thread
Anyone checking what the SWISS are doing?
And whats happening is thats theyve NOT frozen Russian accounts .. but nOW in response to overwhelming public reaction they are making a decision today.
Why important? because according to the Bank of International Settlements, Swiss banks host around $11 billion in Russian deposits or about 30% of all Russian overseas deposits. Moreover, about 80% of Russian trade in resources is handled by Swiss financial intermediaries.

And the decision will be made only today. Another scam which is allowing a window for Russia/Russian money to do a runner? Europe and the allies need to watch whats happening here.
If the Swiss try to be slippy on this they need to have it exposed and pay a price.


Note FYI: editorial in the SonntagsZeitung Sunday said: .
“Of course it’s extremely unpleasant that Switzerland is once again taking its time with solidarity. And it was shameful to watch [Swiss President Ignazio] Cassis and his entourage trying to justify themselves on Thursday. It should go without saying that we join the free world and ban Russian President Putin and his corrupt entourage from our financial center. It’s disgraceful enough that a third of Russia’s foreign assets are hidden in Switzerland and that 80% of Russia’s commodity trading is done through Switzerland,” it wrote.
Warning: A Dangerous Subversive: 1% of comments CoCed
Quoting foto
Question nobody is asking as the label absolute dictator over all Russia affairs makes for simpleton minds this only Putin's decision. Putin as any leader does not act in a vacuum. Russia's strategic defense apparatus has to go along with any invasion decision. As they most likely are in alignment with Ukraine invasion it is off the charts naive to believe this is not a far bigger move for Russia then implied by superficial analysis. Russia's strategic defense concepts being behind this means they want an enduring buffer between Russia and Western...
The question nobody is asking? Pah! The question plenty of people should be asking is that if Putin (labelled Absolute Dictator?) has spent more than 20 years culling out all the liberals and the 'no' men and has done nothing but surround himself with Nationalists, terrified 'Yes' men and those with some weird historical concept of Russian Empires and Western Terror, with a singular strategy, why would anyone correlate instantly with the notion that what they want, they'll get? or how about the question as to whether their only concern should be what lies to the front of them in the west, when enough disruption in Russia itself might just induce new forces behind their backs, the enemies within, which could end up being be far more significant than any external threat is or ever was. When you play the aces, you can't claim them back. When there is an absence of checks-and-balances, things rarely go smoothly and will almost certainly fail. One aspect that all traders will recognise will be the question: "what was the reward/risk ratio calculation?" "Who asked the question, "we might win Ukraine but what if we lose Russia?" Where is the PSL for the strategy?
Quoting RossEdwards
I asked on another News thread Anyone checking what the SWISS are doing? And whats happening is thats theyve NOT frozen Russian accounts .. but nOW in response to overwhelming public reaction they are making a decision today. Why important? because according to the Bank of International Settlements, Swiss banks host around $11 billion in Russian deposits or about 30% of all Russian overseas deposits. Moreover, about 80% of Russian trade in resources is handled by Swiss financial intermediaries. And the decision will be made only today. Another scam...
Good point(s).
Quoting DaJoWaBa
{quote} The question nobody is asking? Pah! The question plenty of people should be asking is that if Putin (labelled Absolute Dictator?) has spent more than 20 years culling out all the liberals and the 'no' men and has done nothing but surround himself with Nationalists, terrified 'Yes' men and those with some weird historical concept of Russian Empires and Western Terror, with a singular strategy, why would anyone correlate instantly with the notion that what they want, they'll get? or how about the question as to whether their only concern should...
Putin has a long way to go until he becomes another Stalin. Russian security concerns remain front and center and for that it is likely far reaching across all levels within Russia.
This so far has been about demonstrating Russian resolve vs. NATO. There has been nothing approaching suppression of descent which occurred under the likes of Stalin within Russia.
Quoting foto
{quote} Putin has a long way to go until he becomes another Stalin. Russian security concerns remain front and center and for that it is likely far reaching across all levels within Russia. This so far has been about demonstrating Russian resolve vs. NATO. There has been nothing approaching suppression of descent which occurred under the likes of Stalin within Russia.
No one will thank me for wasting time listing the events as I suspect it won't change your opinion nor have you reflect on what constitutes evidence for the removal or obstruction of DISSENT. Stalin was a monster but no assassinations, disappearances or puppet-courts can be condoned or justified AT ALL by any human being, whether observed and called out by a democracy or not. End of.
Quoting DaJoWaBa
{quote} No one will thank me for wasting time listing the events as I suspect it won't change your opinion nor have you reflect on what constitutes evidence for the removal or obstruction of DISSENT. Stalin was a monster but no assassinations, disappearances or puppet-courts can be condoned or justified AT ALL by any human being, whether observed and called out by a democracy or not. End of.
This is not a civil matter going on here in Ukraine. This is State power vs State power and at the level of applying states power there will always be death involved. That is just the way things are.
US uses proxies to conduct foreign policy. Russia uses proxies to conduct foreign policy. UK, France, China and pretty much all States use power that results in dislocations of populations and Death.

Morality is always subject to desired ultimate goal and at this level there is choice between lesser of two evils.

When US pulled out of Afghanistan and many Afghans who worked with US lost lives from Taliban retribution was there any moral judgement applied? No there was not.

This is way States operate. Russia is applying power to create a neutral buffer between itself and NATO.
Diplomacy could have resolved this but confrontation was path chosen.
Hopefully things can now get settled and a Dark chapter of history gets put behind. But we are not there yet.
Quoting foto
{quote} This is not a civil matter going on here in Ukraine. This is State power vs State power and at the level of applying states power there will always be death involved. That is just the way things are. US uses proxies to conduct foreign policy. Russia uses proxies to conduct foreign policy. UK, France, China and pretty much all States use power that results in dislocations of populations and Death. Morality is always subject to desired ultimate goal and at this level there is choice between lesser of two evils. When US pulled out of Afghanistan...
"Russia is applying power to create a neutral buffer between itself and NATO."
Smokescreen! Russia already has NATO elsewhere on its long borders. By this aggression, all that will happen is that other states (Sweden and Finland already) will turn to NATO and Russia will have even more problems on its doorstep than before IF it is the case that Russia sees NATO as the problem.
Putin has a mental block about Ukraine, the old USSR states and Empire, pure and simple. He's been creating enemies out of his imagination. The Russian populace deserve better. Even the oligarchs would prefer a Russia integrated with the west. The Russian people are being served badly. Once again they have been turned into pariahs without their choosing. They would have sooooo much to gain by being a genuinely-inclusive (westernised) European Democracy. Just think about what's best for the Russian people, not the archaic leadership and their sidekicks.
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  • Posted: Feb 28, 2022 7:06am
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    Category: Fundamental Analysis
    Comments: 8  /  Views: 1,325