Russia Sanctions Sure To Create Painful & Unexpected Ripple Effects | Brent Johnson
With the world issuing new economic sanctions on Russia following its current incursion into Ukraine, the value of the Russian ruble, as measured in dollars, is plunging.
News reports abound of Russians scrambling to exchange money for dollars, though Russian authorities are putting measures in place to thwart that.
We’re fortunate to be joined briefly here today by Brent Johnson, fund manager at Santiago Capital who is well-known for his Dollar Milkshake Theory which predicts that as instability & crisis occurs in the world, it will drive demand for the US dollar — which we appear to be seeing playing out in real time right now.
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After a punishing year in 2022, the markets have had a great start to 2023.
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