As we watch the potential count-down clock to WW III, a discussion of time risk seems in order. Not that we can do a damn thing about it. It’s just that we have been watching events in Ukraine closely since last November. And it has come down to this weekend for my “fish & chips bet” with one of my daughters.
My actual birthday is the marker, so we need to get out of “birthday weekend” with a chance of peace and no tanks rolling west in order for U.S.-Russian diplomatic talks next Wednesday. Biden said that if there’s action this weekend, it will mean the door on peace has been slammed shut.
A few “headlines from the front” to tee up the day and then a discussion of how utterly devastating 2022 and beyond could be for financial markets as we seem ready to follow the Great Depression Trail.