Gaining land and hold it are two way different things. Russia seems incapable of holding much land.
OT: Stock and Investment Talk
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we were run out of a 3rd world %hithole by a bunch of bearded goatfkers lest you forget. You guys forget they didn't have a fraction of the ukies started with. I suggest you guys study military hardware and tactics, capabilities etc before thumping the party line here. At some point, Putin is gonna just say fk it, if the west wants the war we are driving, he's gonna go full tilt and no doubt we buckle. Putin holds more cards than you realize
Russia gained land early but have been unable to gain much land since.
They've actually done well defending the counter offensive in the south around Kherson. Granted Ukraine was telegraphing this leg of the counter offensive, which led to Russia moving troops away from Kharkiv to defend Kherson, and thus making Kharkiv vulnerable.
Just read a story in the NYT about the battles around Kherson. Russia is super dug in, and pound the Ukraine's with artillery. One doctor said that of the hundreds of wounded Ukraines she had treated there was on one bullet wound. All artillery related. A very grueling tale.
and don't forget, Putin left water, lights, cell towers, etc all intact for the people and even near Kiev, many people greeted the Russians as Zelinsky is not a popular as msnbc wants you to believe. Putins' strategy was wrong at the onset in so many ways but you are right, holding and gaining land are much different
We were not driven out of Aghanistan. They just waited us out. As soon as we left, they made their move. But we could have stayed their indefinitely.
And do realize the party line you are thumping is the Putin line. I'm thumping the Zelensky line.
I know URK and Zelinsky are bad guys as well, but Putin has shown Russia to have a paper tiger military. He has been embarrassed for 7 months. Can't imagine Putin would take that ridicule for so long if he could do something about it. Not his MO.
More importantly, I'm itching to make some big market moves. Trying to be patient until the next CPI reading. Any thoughts on where we go from here?
Zelensky as a bad guy is KGB propaganda. Dude's proven himself a heroic figure.
My guess is we continue to go down until true gut check moment. There’s just no real catalyst for the market to make a meaningful run unless Powell reverses course… or he’s found to be incompetent due to mental incapacity and relieved of his duties. What’s shocking to me is how many institutions and certain groups of retail investors starting pulling money from the market beginning in August 2021. Makes me wonder what the hell I was doing staying long in some of my positions!
I think a lot of that is programmed selling by big funds. If the algorithm says sell then it sells.
That should be coming soon. He is trying to fight something that already happened and is probably over. As per the last 2 MoM data points, inflation is down to an annualized 0.6%.....way, way under his 2.0% goal. So why is he being hawkish? I guess the Fed is just stupid.
The Truth:
Russia's geography and historical war experiences have made them a "defense first" army (they've mostly been invaded from the west). They don't do offense especially well, and rely heavily on rototilling targets with artillery and thermobaric rockets. They've out-shot Ukraine 9-1 with artillery.
The war began as an attempt to get Zelensky (who wanted nukes for Ukraine) using Chechens - who were seen as better offensive/urban fighters (they gave Russia a difficult time in Chechen war). The "Siege of Kiev" never actually took place, but early on Ukraine had Turkish drones and NATO training so they were able to hit Chechens and also the inexperienced conscripts in 30 year old tanks that were used as fodder. That's how the "Russian defeat of Kiev siege" propaganda got started as West sought rationale to escalate a war that even Kissinger has said needed to be ended and not stoked.
Now US sending another 12 billion (unmonitored of course) to the corrupt sinkhole (US weapons turning up on black markets around the world) while US gov tells its service people to "go on food stamps"
Army suggests soldiers fighting inflation go on food stamps
The U.S. Army released a guide on inflation, including using Supplemental Nutrition Assistance Program (SNAP), commonly known as food stamps.
nypost.com
Why Russia Loves Rocket Artillery Weapons (And Ukraine Hates Them)
Any country finding itself in conflict with Moscow, or its client states and proxies, now or in the near future, will likely find itself on the receiving end of Russia’s deadly artillery rockets
nationalinterest.org
Just saw Dudley on Bloomberg. He said Powell is going to stick to the plan until the job is done, but felt like the others on the FOMC could be influenced by political pressure. Didn't sound like he was guessing, but that he knew.
He also acknowledged that the Fed knows the strong dollar was helping their fight and was making things a lot tougher on the rest of the world. He said the Fed was responsible for the US.
The US Federal Reserve has made its inflation-fighting intentions abundantly clear. Now comes the difficult part: sticking to that commitment as tighter monetary policy restrains the economy and puts millions out of work.
Will the Fed stay the course? I sure hope so, but it will be a long, hard road, which raises doubts.
Over the past month, Fed officials have consistently demonstrated their resolve to push inflation back down to the central bank’s 2% target. Chair Jerome Powell called the commitment “unconditional,” the policy-making Federal Open Market Committee voted unanimously for a 75-basis-point interest-rate increase, and the FOMC’s projections show the federal funds rate reaching a target range of 4.25% to 4.50% by the end of this year and remaining elevated through 2023.
That said, it’s easy to be unified when you’re catching up after being far behind the curve, when the labor market is still strong and when the public views inflation-fighting as a priority. That will all change as the Fed’s inflation-fighting efforts start to take effect, increasing unemployment and likely tipping the economy into recession. Yet, judging from their own projections, Fed officials still haven’t been fully forthcoming about these consequences.
He also acknowledged that the Fed knows the strong dollar was helping their fight and was making things a lot tougher on the rest of the world. He said the Fed was responsible for the US.
The US Federal Reserve has made its inflation-fighting intentions abundantly clear. Now comes the difficult part: sticking to that commitment as tighter monetary policy restrains the economy and puts millions out of work.
Will the Fed stay the course? I sure hope so, but it will be a long, hard road, which raises doubts.
Over the past month, Fed officials have consistently demonstrated their resolve to push inflation back down to the central bank’s 2% target. Chair Jerome Powell called the commitment “unconditional,” the policy-making Federal Open Market Committee voted unanimously for a 75-basis-point interest-rate increase, and the FOMC’s projections show the federal funds rate reaching a target range of 4.25% to 4.50% by the end of this year and remaining elevated through 2023.
That said, it’s easy to be unified when you’re catching up after being far behind the curve, when the labor market is still strong and when the public views inflation-fighting as a priority. That will all change as the Fed’s inflation-fighting efforts start to take effect, increasing unemployment and likely tipping the economy into recession. Yet, judging from their own projections, Fed officials still haven’t been fully forthcoming about these consequences.
Inflation has been at an annualized rate of 0.6% for the past two months. Job done? Time for Powell to stop being stupid. He was wrong in 2018, wrong in 2021, wrong now. That's why he is getting so much crap now.
Good common sense from the Professor:
www.foxnews.com
Wharton Professor of Finance Jeremy Siegel said Monday Federal Reserve Chairman Jerome Powell owes the American people an apology for mishandling inflation over the past two years.
During an appearance on CNBC's "Squawk Box," Siegel criticized Powell for downplaying inflation throughout 2021 and overreacting to it now.
"All of a sudden, what's caused him to change his mind… a year ago when everything was booming he said inflation was no threat," Siegel said.
"Honestly, Chairman Powell, I think should offer the American people an apology for such poor monetary policy that he's pursued, and the Fed has pursued over the last two years," he continued.
Siegel also pointed out that real wages have fallen due to out of control inflation.
"It seems to me wrong for Powell to say we're going to crush wage increases, we're gonna crush the worker, that's not the cause of the inflation. The cause of inflation was excessive monetary accommodation over the last two years, don't shift the blame now to the worker, crush the worker, and say that's what we have to do to control the inflation. Wrong solution," he argued.
Wharton professor says Fed Chairman Powell 'should offer the American people an apology'
Jeremy Siegel, Professor of Finance at the University of Pennsylvania's Wharton School, slammed Federal Reserve Chairman Jerome Powell on CNBC's "Squawk Box."
Wharton Professor of Finance Jeremy Siegel said Monday Federal Reserve Chairman Jerome Powell owes the American people an apology for mishandling inflation over the past two years.
During an appearance on CNBC's "Squawk Box," Siegel criticized Powell for downplaying inflation throughout 2021 and overreacting to it now.
"All of a sudden, what's caused him to change his mind… a year ago when everything was booming he said inflation was no threat," Siegel said.
"Honestly, Chairman Powell, I think should offer the American people an apology for such poor monetary policy that he's pursued, and the Fed has pursued over the last two years," he continued.
Siegel also pointed out that real wages have fallen due to out of control inflation.
"It seems to me wrong for Powell to say we're going to crush wage increases, we're gonna crush the worker, that's not the cause of the inflation. The cause of inflation was excessive monetary accommodation over the last two years, don't shift the blame now to the worker, crush the worker, and say that's what we have to do to control the inflation. Wrong solution," he argued.
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Saw this last night but noticed today its getting very little coverage. Obviously this is sabotage but who did it? Eco-terrorist? EU? Russia? It's bad news for Europe that's for sure.
www.zerohedge.com
The plot thickens about what caused damage to three lines of the Nord Stream gas-pipeline system under the Baltic Sea to Europe as some European officials now suspect sabotage.
Nord Stream AG, the operator of the NS pipeline system, published a statement Tuesday that read, "the destruction that happened within one day at three lines of the Nord Stream pipeline system is unprecedented ... and impossible now to estimate the timeframe for restoring operations of the gas shipment infrastructure."
On Monday, NS2 gas pipeline and two NS1 lines reported rapid pressure drops, with gas leaks reported by Swedish and Danish authorities in the Baltic Sea near the exclusive economic zone southeast of Bornholm island.
404 | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
www.zerohedge.com
The plot thickens about what caused damage to three lines of the Nord Stream gas-pipeline system under the Baltic Sea to Europe as some European officials now suspect sabotage.
Nord Stream AG, the operator of the NS pipeline system, published a statement Tuesday that read, "the destruction that happened within one day at three lines of the Nord Stream pipeline system is unprecedented ... and impossible now to estimate the timeframe for restoring operations of the gas shipment infrastructure."
On Monday, NS2 gas pipeline and two NS1 lines reported rapid pressure drops, with gas leaks reported by Swedish and Danish authorities in the Baltic Sea near the exclusive economic zone southeast of Bornholm island.
Of course it’s Putin, He’s a crazy old man that should be in a nursing home but instead sentence to death thousands of 18-40 years old men for no sane reason. Yes, he gets his goal of going down in history as the worst human being maybe worst than Hitler.Saw this last night but noticed today its getting very little coverage. Obviously this is sabotage but who did it? Eco-terrorist? EU? Russia? It's bad news for Europe that's for sure.
404 | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
The plot thickens about what caused damage to three lines of the Nord Stream gas-pipeline system under the Baltic Sea to Europe as some European officials now suspect sabotage.
Nord Stream AG, the operator of the NS pipeline system, published a statement Tuesday that read, "the destruction that happened within one day at three lines of the Nord Stream pipeline system is unprecedented ... and impossible now to estimate the timeframe for restoring operations of the gas shipment infrastructure."
On Monday, NS2 gas pipeline and two NS1 lines reported rapid pressure drops, with gas leaks reported by Swedish and Danish authorities in the Baltic Sea near the exclusive economic zone southeast of Bornholm island.
lol, you do know the West is responsible for this war and the past 6yrs right? Let's not forget Ukies bing cited by UN for crimes against it's own people including shelling them for the past 3yrs
Let's clear the air here. Yes, Ukraine's govt had significant issues before the invasion, but it was an autonomous country that had the absolute right to exist within its existing borders. That is no excuse to just let Russia come in and take over as they were no threat to the "existential" safety or existence of Russia. Mexico is as corrupt as any country in the world. Does that give the US the right to "liberate" it? Let's get off this Putin bandwagon/cheerleading. Sorry, but anyone rooting for Putin or Russia in this conflict is an autocratic sympathizer and certainly not a fan of independent nations' right to sovereignty.
When all manner of stocks and all manner of bonds are declining simultaneously, I sometimes wonder where the sellers are putting the proceeds. Should we assume that it is mostly flowing into cash?
Not at all. In fact, the whole sequence of events with Russia closely mirrors what happened in Nazi Germany with regard to a war built on old grievances (this one being the loss of the Cold War) and intent to commit genocide although I am not saying that to diminish the horrors of the Holocaust in any way.
That is how this situation appears to me but I am willing to listen to reasons why that is not so.
You have nothing to back that up.
Why would he blow up a pipeline that he can shut on and off whenever he wants too? Makes no sense.
Regardless of what happened with the leak, how does that diminish the atrocities that Putin has been committing for the past 7 months?
let's be clear here, it wasn't autonomous! a democratically elected gov't was couped because we didn't like it and it was warm to Russia. since 2014, they've had voter fraud, threats, shelling own people, NATO discussing missile batteries etc etc. Putin is not wrong here but the level of US involvement, unchecked cash inflows, weapons sent showing up in black markets all over the world etc etc
you guys need to get out from under the spin. Right up till the invastion even the NYT was citing how bad ukraine and zelinsky were. The only reason we care is because 7 US senators have kids on importants boards there, unchecked bio weapon labs and money laundering (all verified by even liberal sources prior to invasion)
you guys are almost borderline sad in the ukie flag waving
Trump warned Europe on energy dependence from Russia and still those fools don't get it. Their going to be 3rd world with no energy due to the unrealistic green nonsense. This week alone we had 2 more countries shut down Nuke power creating further dependencies on nat gas, wind and other resources that simply cannot meet stated, much less, future demand with a grid that is not designed for alternating loads the way ours are. Big trouble ahead
everything Trump warned about in this instance is coming to fruition
everything Trump warned about in this instance is coming to fruition
I was responding to Rutgersdave about the pipeline. I didn't comment on anything else so I don't know what you are talking about.
Putin bad is the new Orange Man Bad. You can' t have a real discussion on this war without their emotions taking over.
Brought more treasuries expiring in 12/2022. I’m afraid that the bottom is going to be sometime in 2023. There are just too many investors and hedge fund types that no longer just say 3,600 but more like 3,000 and no early solution. Earning adjustment going to hit October -December.
I don't see any way they can get out of this mess for this winter. There isn't enough LNG capacity to make up the difference. 80% of the homes in Germany run their heat on NG or oil. Where are they going to get it? I don't see any leaders in Europe working on the supply side of this issue, just doubling down on their rhetoric. It's the craziest thing I've ever seen.
Now that Meloni has won in Italy I think the Italians are going to start to push back on Brussels really hard and possibly start talking directly to Russia about a solution.
Worse than Hitler? Where do you people come up with this stuff?
Yes, this is not a US issue and we should not be involved in any capacity. Whatever happens there is up to the Europeans.
Any chance "we" can keep this thread focused on "Stock and Investment Talk"? Someone should start a new thread on "Ukraine and Putin" on the CE Board.
