Odd Lots Marko Papic on What Markets Got Wrong About Russia's Invasion of Ukraine
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Sep 29, 2022 Marko Papic, a geopolitical expert and chief strategist at Clocktower Group, unpacks the market miscalculations following Russia's invasion of Ukraine. He explains why expectations for commodity price surges didn’t materialize as anticipated. Papic also discusses the stasis in the conflict and the implications of Western sanctions on Russia's oil market. Additionally, he reflects on China's ongoing COVID-zero strategy and its impact on the economy, providing listeners with a nuanced view of these complex geopolitical dynamics.
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Reservists Signal Struggles
- Russia's mobilization of reservists signals struggles in Ukraine.
- Their professional military wasn't designed for this type of conflict.
Stasis in War
- Wars often end in stasis, not capitulation, with an established front line.
- Examples include the Korean War, Cyprus, and Bosnia.
EU Embargo: PR Move
- The EU oil embargo against Russia is largely a PR effort.
- It allows Russia to find other customers like China and India.