Zoltan Pozsar, investment strategist at Credit Suisse, said in a report on Monday that a "perfect storm" had emerged in commodity markets as the Crisis in Ukraine intensified, which could weaken the Eurodollar system, fuel inflation in western economies and threaten financial stability.
"We haven't seen a crisis like this since 1971 when President Nixon de-pegged the dollar from gold referring to the end of the Bretton Woods system. When this crisis (and war) is over, the dollar should be even weaker."
Tretji krog rusko{0}}ukrajinskih pogovorov v Belorusiji ni dosegel pričakovanih rezultatov, vendar se bodo pogovori med obema stranema nadaljevali, je v četrtek dejal vodja ruske delegacije Dmitrij Medinski, poroča Xinhua.
The conflict, which has escalated almost two weeks ago, has sent global commodity prices soaring, with nickel hitting a record high and oil hitting a 14-year high. The United States and its European Allies are discussing a ban on Russian oil imports, SECRETARY of State Antony Blinken said Sunday. Mr Novak, Russia's deputy prime minister in charge of energy, warned that a ban on Russian oil imports could push prices to 300 a barrel.
Rusija je pomemben del svetovne dobavne verige surovin. Poleg nafte in plina je tudi velik izvoznik pšenice, paladija in niklja.
"Russian commodities today are like subprime mortgages in 2008, and non-Russian commodities are like Treasuries in 2008," Pozsar said. One price collapsed and the other soared, and both required margin calls no matter which side you were on."
Gospod Pozsar je dodal, da zahodne centralne banke ne morejo zapreti vse večjih razlik v cenah surovin, ker so njihove države tiste, ki si prizadevajo za sankcije. Morale se bodo soočiti z nastalim inflacijskim vplivom in ga poskušati ohladiti z dvigom obrestnih mer, vendar zahodne centralne banke ne bodo mogle zagotoviti razlike v zunanji ceni ali bilance stanja, da bi zapolnile vrzel med ruskimi in tujimi{{0} }Rusko blago.
