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Financial Damage

All articles tagged with #financial damage

"Biden Administration's Sanctions Strategy Against Russia: A Closer Look"
international-relations-politics2 years ago

"Biden Administration's Sanctions Strategy Against Russia: A Closer Look"

Larry Kudlow criticizes the Biden administration's sanctions on Russia, arguing that they are ineffective in causing serious financial damage to Putin's war machine. He highlights a secret global trading network that allows Russia to sell oil to various countries, undermining the energy sanctions. Kudlow suggests that the US should enforce tougher sanctions, seize Russian central bank reserves, and use them to support Ukraine, but criticizes the Biden administration for being hesitant and lacking backbone in taking such actions.

Moody's warns of potential recession triggered by banking crisis.
finance2 years ago

Moody's warns of potential recession triggered by banking crisis.

Moody's warns that there is a rising risk that banking-system stress will spill over into other sectors and the US economy, unleashing greater financial and economic damage than anticipated. The agency's baseline view is that US officials will broadly succeed, but there is still lingering worry. The risk is that officials will be unable to curtail the current turmoil without longer-lasting and potentially severe repercussions within and beyond the banking sector.