🇺🇦 In response to the urgent request for #Ukrainian membership of #NATO signed this afternoon by #Zelensky, #Stoltenberg, head of the alliance, announced that at the end of the day he would make a "very important speech". Let's wait!
Mine thread 🧵
The Main Intelligence Directorate of the UA Ministry of Defense assesses the threat of Russia's use of tactical nuclear weapons in Ukraine as
"very high"
This was reported by the representative of the GUR Vadim Skibitsky:
The threat of Russia using tactical nuclear weapons against #Ukraine is "very high"
According to a representative of the Main Directorate of Intelligence, Vadym Skibitskyy, #Russia may strike along the front line, where there is a large concentration of equipment and personnel.
Global recession is coming. The real 30-year fixed rate mortgage rate has now risen four percentage points this year, which is far above the one percentage point rise in the 2013 taper tantrum. The US housing sector is already in deep recession...
The BOE starting up QE again is likely just going to keep inflation elevated longer in the UK, ultimately requiring higher interest rates and prolonging the pain.
ATLANTA FED'S BOSTIC: INFLATION IS TOO HIGH AND "NOT MOVING WITH ENOUGH SPEED" BACK TO TARGET
FED'S BOSTIC: LACK OF PROGRESS MEANS FED WILL NEED TO BE "MODERATELY RESTRICTIVE," WITH RATES IN THE 4.25% TO 4.5% RANGE BY YEAR'S END
Panic led to lockdowns. Lockdowns led to fiscal stimulus. Stimulus led to inflation. Inflation led to monetary tightening. Tightening leads to recession.
The panic wasn’t free - and the bill is coming due.