Here's why Putin won't win
No one knows how Vladimir Putins invasion of Ukraine will play out (or as people say "what his endgame is" but one things for sure predicting his next move and any subsequent impact on the global economy is a fools errand.
Before I get into that though, and forgive me for being obvious, but arent we all sickened by the suffering Putin is bringing to Ukraine? Who knows how many will be uprooted or separated from their parents never mind wounded or die? And for what? That one person can foist so much horror on the world is frankly depressing. (Note to Xi Jinping: This is your new best friend were talking about.)
Returning to the economic state of play, there are at least two levels of ambiguity here. First is what exactly Putin is up to? Second is that markets respond differently to each political crisis or war. Between those two fogs one of Putin and the other of war were left with little firm ground. Having said that, we can cut through this enough to provide some clarity.
I am no Kremlinologist, armchair or otherwise, but Ive seen enough of Vlad and his authoritarian ilk to have a feel for his M.O. Putin claims to feel aggrieved regarding Russias diminished presence in the world. Madeleine Albright, who went head to head with him as Secretary of State, said as much this week: Putin is embarrassed by what happened to his country and determined to restore its greatness. But then she went on to say, and I agree, that mostly he is simply trying to strengthen his hand at home and weaken his rivals abroad. In other words, its about maintaining and enhancing his power.
https://finance.yahoo.com/news/heres-why-putin-wont-win-111634696.html
PortTack
(32,750 posts)Himself otherwise. He knows now too his so called allies dont really have his back. Alone, cornered and angry. Not a good combination for anyone who cares about democracy, or for that matter the survival of the human race
mitch96
(13,883 posts)It's gonna be different for sure...
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