Your emotionalism (along with your politicians, military leaders and think tanks) have all but guaranteed a world wide recession now.

 via Bloomberg

Russian deputy prime minister Alexander Novak said on state television Monday that a ban on Russian oil would lead to "catastrophic consequences" for the global market and cause oil to surge to $300 per barrel "if not more."

Read the article but make note of what this bubba is saying.  Already we can bake into the equation 150 dollar per barrel.

With this move?

I don't think it'll quite reach that high but we're certainly looking at 200 dollars.

Ya know what kills me?

All we're seeing is politicians, military experts and think tanks trying to outdo each other with regard to "being tough on Russia".

The public is goofy.  The public can be emotional.  Leadership is supposed to be cold and calculating.

Russia is already screwed.  We're just making sure we get the same treatment with this move.

Story here. 

Inflation as it was was putting brakes on our economy.  Now we're looking at surging inflation goes ATMOSPHERIC and the Fed will have raise rates quite dramatically now.

My prediction?

Worldwide recession by June.