But what the impact is since Russia does not plan to borrow from the West? It is just a complete de-coupling. It is a nuclear option. And West has no more leverage.
So we cook the books? I don't think that's gonna work. Just a hunch. Besides, as I said, that's not the business they're in.
VZ, truly, there is zero chance this will happen. You are old enough to remember that horrible threat. Let's just get that shit out of our consciousness, man. No nukes. Repeat that in your head, and help assure to make it so. I am serious. How can you forget how BAD that idea is?
There's still plenty of leverage against anyone who chooses to prop them up including China. This will be a great relief to many to realign the West to less dependence on autocratic entities. All for globalisation, but its become monopoly where they think they can b-slap the customers. Russia's economy is too small and they are outclassed militarily to wag the dog as Putin's ego desires. Ignore the nukes, everyone old enough to remember how works MAD knows Russia too has a glass jaw for nukes. Opportunity ahead, invest wisely.
When I was a kid the neighbors had a German Shepard. It was old and it was getting sick. They went on vacation and I was charged with feeding it for a week. The dog always liked me, and I liked it. But it was sick, and it was on a leash outside. On about the third day when I brought him his food, instead of going for the food, he went for me. Pretty bad bite on my arm. In fact to this day, I still have the scars. The question that we must ask... is Putin that dog?
I'm not discounting any of that. Mentioned many times on here before, we got big problems. Add on top of that cultural problems (CRT, anti-merit religion), high illiteracy rates, declining academic performance in math, reading, and science, weak labor participation rate, etc. Despite all that, foreigners still buy our debt and people from all over the world want to live here...guess they haven't heard about how systemically racist and awful the place is for anyone who isn't a straight white male...that or everyone knows the narratives are bullshit. I don't know anyone who wants to leave the US and move to China or Russia to live. All the traffic is going the other direction. Shows that you only need to get a few important things right to make a desirable place to live.
Not to stray offtopic re geopolitical ramifications of a swift ru ban, but. . . - What are likely profitable trading setups related to this? eg banking or financial stocks Price action will tell, wondering which sectors benefit
I belief a basic 'rule' of war is to only weaken an opponent 'somewhat but not too much' (or destroy totally so that there is no change of retaliation). Europe made that mistake in ww1, Germany had to pay so much that the country fell in enormous poverty. It was (one of) the most important factors which led to ww2. Germany was punished 'too much', had nothing more too lose.