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."
La tercera ronda de conversaciones de rusia-Ucrania en Bielorrusia no logró los resultados esperados, pero las conversaciones entre las dos partes continuarán, dijo el jueves el jefe de la delegación rusa, Dmitry Medinsky, informó 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.
Rusia es una parte importante de la cadena mundial de suministro de productos básicos. Además de petróleo y gas, también es un importante exportador de trigo, paladio y níquel.
"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."
Pozsar agregó que los bancos centrales occidentales no pudieron cerrar los crecientes diferenciales de precios de las materias primas porque sus países eran los que presionaban para imponer sanciones. Tendrán que lidiar con el impacto inflacionario resultante y tratar de enfriarlo elevando las tasas de interés, pero los bancos centrales occidentales no podrán proporcionar el diferencial de precios externo o el balance para cerrar la brecha entre Rusia y no{{0} }Productos rusos.
