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It was to be expected. Slightly related, there's also this, from today's Financial Times [1]: > Commodity prices soar to highest level since 2008 over Russia s

It was to be expected. Slightly related, there's also this, from today's Financial Times [1]: > Commodity prices soar to highest level since 2008 over Russia supply fears (...) With exports from Ukraine and Russia at a virtual halt, wheat soared, with Chicago futures at the highest levels since 2008, when a spike in grain prices triggered protests and riots in Africa, Asia and Latin America. didn't see that many journalists and opinion pieces mentioning this side of the sanctions, i.e. what negative effects they will have on us. [1] https://archive.ph/Z3RM9 https://archive.ph/Z3RM9

pinephoneguy 5y ago
alamortsubite 5y ago
Interesting. I don't read a lot of opinion pieces, but I can't recall an article that didn't point out that cutting SWIFT off to the Russians wouldn't have negative implications for the West. Those would be from sources such as Reuters, BBC, Axios, NYT, New Yorker, Atlantic, etc.
- fzzzy 5y ago
  What am I reading here? Is this a triple negative?
  - alamortsubite 5y ago
    Ha. Sorry for that. What I meant to say is the articles I've read have tended to point out the possibility of negative repercussions to the West. To the degree that I can't find any I recall reading that haven't.
christophilus 5y ago
Peter Zeihan had a good video on this on the night after the invasion. There’s a lot of possibly nasty, and somewhat likely side effects other than nuclear war. For example, Russia is the largest exporter of fertilizers (iirc).
- CaptainJustin 5y ago
  And the top exporter of wheat IIRC? Also Ukraine is something like top 10 wheat exporter. [1] https://en.wikipedia.org/wiki/List_of_countries_by_wheat_exports https://en.wikipedia.org/wiki/List_of_countries_by_wheat_exp...
polynomial 5y ago
On top of record breaking price movement preceding the invasion. In January the CPI rose ~7.5%, the largest monthly jump since the early 80s.

pinephoneguy 5y ago

alamortsubite 5y ago

Interesting. I don't read a lot of opinion pieces, but I can't recall an article that didn't point out that cutting SWIFT off to the Russians wouldn't have negative implications for the West. Those would be from sources such as Reuters, BBC, Axios, NYT, New Yorker, Atlantic, etc.

fzzzy 5y ago
What am I reading here? Is this a triple negative?
- alamortsubite 5y ago
  Ha. Sorry for that. What I meant to say is the articles I've read have tended to point out the possibility of negative repercussions to the West. To the degree that I can't find any I recall reading that haven't.

christophilus 5y ago

Peter Zeihan had a good video on this on the night after the invasion. There’s a lot of possibly nasty, and somewhat likely side effects other than nuclear war. For example, Russia is the largest exporter of fertilizers (iirc).

CaptainJustin 5y ago
And the top exporter of wheat IIRC? Also Ukraine is something like top 10 wheat exporter. [1] https://en.wikipedia.org/wiki/List_of_countries_by_wheat_exports https://en.wikipedia.org/wiki/List_of_countries_by_wheat_exp...

polynomial 5y ago

On top of record breaking price movement preceding the invasion. In January the CPI rose ~7.5%, the largest monthly jump since the early 80s.