Effects of the war on construction costs and interest rates?

I honestly trust Putin to do anything and I find it shocking how one person can cause so much harm. War, rearmament, back to nuclear power... all within less than a week. At the moment, I don't have any scenario in mind where this ends or how it will continue.

Why return to nuclear power? Very few nations have ever actually phased it out… After the action with Crimea, it was clear where the journey was heading. The reactions were fairly restrained. I wouldn’t be surprised if the Chinese took Taiwan in the shadow of Corona and the war in Ukraine. Our new government has now arrived in reality. Things that were always blocked are now being implemented. Suddenly, a ready-to-deploy army is important after all.

Fear is a bad advisor. I don't think anyone feels good about the situation. But what is the consequence of your fear? Building bunkers? Stockpiling… that doesn't help either. The world will keep turning. I don't believe there will be a major war. And if there is, one should enjoy the time before it.

I have indeed stockpiled supplies. I have a generator anyway. No one knows exactly where the journey is heading. Especially gas and wheat products I consider to be at risk. Therefore, having a basement with a lot of space is quite good. I personally think that, with regard to political decisions, inflation will continue to be fueled and real wages will fall. What direct impact this will have on construction prices, I cannot yet estimate. Potentially, prices will probably rise, I BELIEVE.

I just received a newsletter from Sberbank stating that the interest rates for overnight deposits will be increased from 0.10% to 0.50% as of 28.02. That is about double compared to other banks with similar ratings ... and unlimited, also for deposits over 250k (previously 0.01%)

... and as of today, the offer of a bank on the verge of insolvency with a payment moratorium is already available in Austria.

The Nikkei is slightly up this morning. So presumably, there will be no massive crash in the markets today, aside from the Russian banks that are directly affected.

The first casualty of war is the truth!

After very emotional speeches in the Bundestag, cheers and standing ovations with a brutal war rhetoric from former green and red peace activists, everyone can now calm down again.

In any case, the little citizen pays at the gas station or the hardware store. Renewable energies are from now on freedom energies. New LNG liquefied gas terminals for Germany, so that we can also take the fracking gas from our US partners. I’d rather not ask how ecological that is now when huge LNG tankers constantly shuttle between the USA and Europe.

The bond to our most important raw material supplier has been cut. Amid roaring applause, sanctions of an unprecedented scale were announced, by the way without regard for our own losses. Sure, you can do that.

Germany’s self-sufficiency rate with agricultural products is about 45 percent. Thanks to green nature conservation requirements, there are further land set-asides, fertilizer regulations, etc. Russia and Belarus had already ordered an export stop for mineral fertilizers. That will further reduce yields in Germany, because fertilizer is becoming unaffordable and not available at all. Further yield losses are threatening. The price of wheat has also doubled. Rapeseed, corn, soy as well. There is also a Russian export stop for wheat on top of that.

Aluminum, steel, copper, wood and much more will no longer come to us from Russia either. Prices will explode. We are very lucky that all the components for the energy transition come from China. Whether they will continue to supply us so smoothly should also be questioned.

Exactly, now let’s really finish off the Russians.

But the problems with material deliveries, price developments, delivery difficulties and also skilled workers have not existed only since last Thursday, but for a much longer time. Car production has collapsed, many industries suffer from supply difficulties, long delivery times or unavailable spare parts. Hardly anything runs smoothly in our country anymore.

Just last year Uniper shut down a large gas storage facility with 2 million cubic meters in my town. At the end of December a coal power plant was closed. Now Habeck suddenly wants to build up coal reserves. You just can’t keep up anymore.