Buddhist monks and followers pray for peace in Kyiv, Ukraine, on February 16. Tensions over a possible invasion by Russia have accentuated long-standing weaknesses in the Western alliance. Photo: Bloomberg
Opinion
Opinion
Macroscope
Why a war in Ukraine and the end of cheap money add up to a market nightmare
- Central banks are starting to withdraw stimulus, making investors more sensitive to risks in the global economy
- On the Ukraine crisis, the actions of Russia – a major exporter of natural gas and oil – and the West’s response have major implications for inflation
Buddhist monks and followers pray for peace in Kyiv, Ukraine, on February 16. Tensions over a possible invasion by Russia have accentuated long-standing weaknesses in the Western alliance. Photo: Bloomberg
