Podcast: Sanctions slam the door on Russia
Saxo Market Call
Summary: After the sanctions on Friday underwhelmed, Western powers drew up a comprehensive list of sanctions at the weekend that look set to largely shut Russian access to the global financial system, though important details are not yet clear. Outside of an enormous drop in the Russian ruble, one that mobilized an enormous 1,150 bp rate hike to 20% by the Russian central bank, fallout across markets is quite muted. Today, we sort through the various market reactions and look at the implications of a historic speech by German Chancellor Scholz at the weekend, one that signals an entirely new stance on defense from Germany. Today's pod features Peter Garnry on equities, Ole Hansen on commodities and John J. Hardy hosting and on FX.
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Outrageous Predictions 2023: The War Economy
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A country agrees to ban all meat production by 2030In an effort to become one of the global leaders on the path to net-zero emissions, one country decides to not only put a heavy tax on meat, but to ban domestic production entirely.
UK holds UnBrexit referendumFollowing a recession and domestic pressure, the United Kingdom is thrown into political turmoil that will end with a vote to wind back Brexit.
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