Black Monday

[BlackPeter]

fundamentals , china and nz both worst markets to be in last yr and a bit and both struggling with economic problems.
NZ being like you say a large part of the economy reliant on housing for economic growth and maybe int investors are worried about how NZ will fare when its economy is so reliant on a open world for trade.
I see russia lavrov saying yesterday a bi polar world of trading blocks maybe what they are aiming for. how will nz fare under this senario china/russia block or us block ?

I can see how Russia wants to trade with China. Not so sure, though whether China wants to continue its trade with Russia, if this means it can't trade anymore with the West.

Russia is these days a quite useless pariah state with plenty of (poorly maintained) nukes but very little economic power.

It clearly won't be Russia to decide about the future of world trade relationships. Prior to the sanctions they weighed in with half of the Italian GDP - and by now it will be much less. I doubt that China wants to paint itself into the Russian corner. China is already and wants to further grow as a global power house. This won't fit well together with taking a hospital pass and quaranteening with the sick Russian bear who is controlled by a madman.

[Bjauck]

I can see how Russia wants to trade with China. Not so sure, though whether China wants to continue its trade with Russia, if this means it can't trade anymore with the West.

Russia is these days a quite useless pariah state with plenty of (poorly maintained) nukes but very little economic power.

It clearly won't be Russia to decide about the future of world trade relationships. Prior to the sanctions they weighed in with half of the Italian GDP - and by now it will be much less. I doubt that China wants to paint itself into the Russian corner. China is already and wants to further grow as a global power house. This won't fit well together with taking a hospital pass and quaranteening with the sick Russian bear who is controlled by a madman.

It looks like Russia is trying to stand up to the recent sanctions and dictate payment terms of trade to Germany - the engine house of Europe. The gas supply is under threat. The LNG supplies from the USA will be too little too late? Russia has not yet lost the Economic Ukrainian War? When the two most important countries on the continent fall out, that is when the proverbial really starts to hit the fan!

https://www.bbc.com/news/live/world-europe-60923158

[bull....]

Russia says it's building a new "democratic world order" with China


https://www.cbsnews.com/news/russia-...w-world-order/

the real reasons for the war ?

[couta1]

Russia says it's building a new "democratic world order" with China


https://www.cbsnews.com/news/russia-...w-world-order/

the real reasons for the war ?

Interesting, looks like a clash of 2 NWO's coming up in the future with the WEF/UN on one side and Russia/China on the other, both as evil as each other.

[Panda-NZ-]

Russia says it's building a new "democratic world order" with China


https://www.cbsnews.com/news/russia-...w-world-order/

the real reasons for the war ?

They wish.

As Germany once said of Austria-Hungary its like being "shacked to a corpse".

[BlackPeter]

It looks like Russia is trying to stand up to the recent sanctions and dictate payment terms of trade to Germany - the engine house of Europe. The gas supply is under threat. The LNG supplies from the USA will be too little too late? Russia has not yet lost the Economic Ukrainian War? When the two most important countries on the continent fall out, that is when the proverbial really starts to hit the fan!

https://www.bbc.com/news/live/world-europe-60923158

Well yes, I heard about Putins desire to break international contracts re payment of gas delivery as well. Obviously - he is a crook and a liar, so anything is possible.

However - listening yesterday evening (NZ time) to the German TV news (Tagesschau - 7 am edition) - they said that Putin called and told the German gas suppliers that they can continue to pay in Euros, as the contract between the Russian Gasprom and the German gas suppliers specifies.

I suppose this is more up to date news, it normally takes a bit to channel through to NZ, but who knows ... obviously - Putin is a crook and a liar, so I guess we will see what will happen.

I understand Germans prepared already for gas rationing - I don't think they are prepared to succumb to Putins black mail attempts.

[JBmurc]

https://qr.ae/pvKRE4

Russia’s financial war
The really important Russian war with the West is the financial war, which the western media never discusses.
Here are the developments:
Russia has told the EU nations that from April 1, it will only accept rubles for Russian natural gas;
The EU has said that they refuse to pay rubles, and that they will only pay in US$ and euros;
The Russians have said that they will not accept US$ and euros, because they could sanction Russia any time, in which case the US$ and euros Russia holds are worthless.
The US and UK have signed regulations not allowing Russian gold to be sold in US, UK gold exchanges.
Now, the last part is very interesting, because Shanghai has its gold exchange. Hmmm, are you thinking what I’m thinking?
Putin has done something else interesting, and he has announced that the Bank of Russia will buy gold. The gold can then be converted into rubles, which can then be used to buy natural gas.
The German government is in a very bad spot because its economy depends on Russian natural gas. If they break with the US, the US will be annoyed. If they obey the US, the German economy, which is a major global economy, will slide into a major recession.
What happens if Russia announces that it will also accept Indian rupees and Chinese yuan in payment for natural gas? Just no US$ and euros. Would the Europeans scramble to buy rupees and yuan? What happens if the Chinese say they don’t want US$ because the Chinese believe that the Americans are going to sanction China next?
That would be very interesting.
Let’s see who is going to be the fool on April Fool’s day.

[Panda-NZ-]

It's summer in europe soon. There's time to think it over.

[Bjauck]

Well yes, I heard about Putins desire to break international contracts re payment of gas delivery as well. Obviously - he is a crook and a liar, so anything is possible.

However - listening yesterday evening (NZ time) to the German TV news (Tagesschau - 7 am edition) - they said that Putin called and told the German gas suppliers that they can continue to pay in Euros, as the contract between the Russian Gasprom and the German gas suppliers specifies.

I suppose this is more up to date news, it normally takes a bit to channel through to NZ, but who knows ... obviously - Putin is a crook and a liar, so I guess we will see what will happen.

I understand Germans prepared already for gas rationing - I don't think they are prepared to succumb to Putins black mail attempts.

it is certainly a volatile situation. I imagine the contract did not allow for the situation when the purchaser makes payment as per the contract but is also party to sanctions, imposed after the contract was signed, that affects and may affect what the supplier can subsequently do with that payment.

[bull....]

10-year Treasury yield hits high for the year after Brainard signals speedy Fed tightening

https://www.cnbc.com/2022/04/05/us-b...-inverted.html


day of reckoning coming ? maybe not for the blind