Nat Gas, coal and crude prices go up (already have) -> Energy / fuel market disruptions
Wheat exports from Russia and Ukraine go down -> food shortages, food inflation, new riots in Middle-East (primary wheat importers from RUS/UKR)
Steel & iron oire and nickel prices go up -> slump in constuction, longer lead times, higher prices
Russia being cut off from international banking arrangements, leading to a larger use of "alternative" trade, funding and payment routes and more banking crime and wilder finance market swings and odd "flash crashes"
All in all, less growth (stagnation), higher prices (inflation) that cannot be cure by the central bank printers, because it is not monetary inflation
Poorer get poorer, rich get richer, more "hard to swallow" decisions are made and laws are passed under "emergency"
Watch for:
Nat Gas, coal and crude prices go up (already have) -> Energy / fuel market disruptions
Wheat exports from Russia and Ukraine go down -> food shortages, food inflation, new riots in Middle-East (primary wheat importers from RUS/UKR)
Steel & iron oire and nickel prices go up -> slump in constuction, longer lead times, higher prices
Russia being cut off from international banking arrangements, leading to a larger use of "alternative" trade, funding and payment routes and more banking crime and wilder finance market swings and odd "flash crashes"
All in all, less growth (stagnation), higher prices (inflation) that cannot be cure by the central bank printers, because it is not monetary inflation
Poorer get poorer, rich get richer, more "hard to swallow" decisions are made and laws are passed under "emergency"