Much of the commentary about the Ukraine war’s implications for the investment-management industry has tended to be both immediate and narrow, particularly in discussions about the spillovers for different segments.
U.S. stocks edged lower on Thursday on worries about the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, putting the main indexes on course for their worst quarter since the pandemic crash in 2020.
President Joe Biden released his $5.8 trillion budget for fiscal year 2023 on Monday, including significant funding for the police, in an effort to set himself apart from progressives in his party who have advocated for defunding the police. Biden also called for more defense spending and a new minimum tax targeting the rich.
The Ukrainian people, regardless of what ethnic group they may belong to, are merely the latest unwitting hostages of the supranational totalitarian regime that brought the national economies of the entire world to their knees through the COVID deception.
The Fort Stewart soldiers ordered last week to Europe on a short-notice deployment to deter Russian aggression will become the first unit to draw heavy armored weapons — including tanks — from the Army’s prepositioned stocks on the Continent, commanders said Tuesday.
Oil prices soared and investors shifted more money into ultra-safe U.S. government bonds as Russia stepped up its war on Ukraine. The price of oil surged back above $100 a barrel after Russia, a major energy producer, faced further isolation and economic damage because of its invasion of Ukraine.
In the latest development out of the Donbas, Reuters reports that under its new agreement with separatist leaders, Russia has a right to build and establish military bases in eastern Ukraine.
