Zoltan Pozsar, investment strategist at Credit Suisse, said in a report on Monday that a "perfect storm" had emerged in commodity markets as the Crisis in Ukraine intensified, which could weaken the Eurodollar system, fuel inflation in western economies and threaten financial stability.
"We haven't seen a crisis like this since 1971 when President Nixon de-pegged the dollar from gold referring to the end of the Bretton Woods system. When this crisis (and war) is over, the dollar should be even weaker."
Twazyèm wonn chita pale Larisi -Ikrèn nan Byelorisi pa reyalize rezilta yo espere, men chita pale ant de pati yo pral kontinye, se sa chèf delegasyon Ris Dmitry Medinsky te di Jedi, Xinhua rapòte.
The conflict, which has escalated almost two weeks ago, has sent global commodity prices soaring, with nickel hitting a record high and oil hitting a 14-year high. The United States and its European Allies are discussing a ban on Russian oil imports, SECRETARY of State Antony Blinken said Sunday. Mr Novak, Russia's deputy prime minister in charge of energy, warned that a ban on Russian oil imports could push prices to 300 a barrel.
Larisi se yon pati enpòtan nan chèn ekipman pou machandiz mondyal la. Anplis lwil oliv ak gaz, li se tou yon gwo ekspòtatè nan ble, Paladyòm ak nikèl.
"Russian commodities today are like subprime mortgages in 2008, and non-Russian commodities are like Treasuries in 2008," Pozsar said. One price collapsed and the other soared, and both required margin calls no matter which side you were on."
Mesye Pozsar te ajoute ke bank santral lwès yo pa t 'kapab fèmen elaji diferans pri komodite paske peyi yo se yo ki pouse pou sanksyon. Yo pral oblije fè fas ak enpak enflasyon ki lakòz yo epi eseye refwadi li lè yo ogmante to enterè yo, men bank santral lwès yo p ap kapab bay diferans pri ekstèn oswa bilan an pou fèmen diferans ki genyen ant Ris ak non {{0} }Machann ris.
