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by sharken 1488 days ago
With COVID becoming just another disease and the uncertainty from the war in Ukraine, it will only be worse from now on for consumer spending.

A lasting peace for Ukraine needs to happen before that will change.

And with Ukraine not willing to give any territory to Russia, that peace seems very far off.

A coup in Russia could change that, but a coup seems very unlikely.

1 comments

This has nothing to do with Ukraine, and everything to do with inflation and insane increases in the cost of everything.
It has a little bit to do with Ukraine, insofar as energy is having its own shortage exacerbated by the conflict on top of the massive inflation that would probably create demand destruction all on its own.