Effects of the war on construction costs and interest rates?

Alright, nobody fed the troll. He just brought himself up again. Just do it here and that's it. What this user is saying here is simply terrible AFD rhetoric as well as total nonsense in terms of content. Aside from his first sentence. But apart from the truth, what dies in war above all are people. Nobody can think that is good. Whether thanks to the Greens the liter costs 3€ or the wheat field has to have DIN measurements I wouldn't care, the main thing is that no person has to die.

I have a (Ukrainian) colleague who traveled to his homeland last week to bring his family to safety in Germany. Now he is not allowed to return, was conscripted for defense and is now fighting against the invaders. Nobody from his (Ukrainian) environment would like to belong to Russia. No idea how anyone can spread such nonsense here.

Putin does not need to fear sanctions. On the contrary, his state's finances are healthy, the Russian state is restructured. Daily foreign exchange income is guaranteed. Whether with or without Swift. Germany is against the shutdown of the Swift system as a sanction measure. Otherwise, existing bills for oil and gas could no longer be paid.

The West is at risk of entering a galloping inflation. The euro can lose value much faster than the dollar.

The debt ratio relative to GDP is indeed low, yet Russia has an annual budget deficit, so it is nominally accumulating debt. When I look at the infrastructure and the healthcare system there, I have the feeling that there is a huge backlog of investments in many areas. Only the military is well financed with 4% of GDP.

I also see the shutdown of Swift as a problem that Germany would no longer be able to pay for Russian gas in a relaxed way. That also means that Russia in turn can no longer receive money. The sovereign wealth fund is currently well filled, but its main source of income is the international sale of oil and gas. And that is falling away for now. The sovereign wealth fund will be able to cushion sanctions for a certain time, but not indefinitely.

I currently see galloping inflation more in Russia than in Europe. What was the ECB’s key interest rate again? 0%. What measures has the Russian central bank taken today against inflation there? It raised the key interest rate from 8.5% to 20%. 20% key interest rate – what must people there be paying for financing currently?

I do not really see a depreciation of the euro against the dollar at the moment. What I do see, however, is a depreciation of the ruble against the dollar by 40% in the last week.

Russia's debt ratio is currently about 13% of GDP. The USA's debt ratio is 133%. I probably don't need to write more about that. China is the largest creditor of the USA and holds more than 2 trillion USD in government bonds.

That is the financial atomic bomb.

Those who live in a glass house should not throw stones.

Russia's debt ratio is currently about 13% of GDP. The US debt ratio is 133%. I probably don't need to say more about that. China is the largest creditor of the USA and holds more than 2 trillion USD in government bonds.

That is the financial atomic bomb.

Those who live in a glass house should not throw stones.

Who even lends money to Russia? These are precisely junk bonds. Besides, nobody believes Russian figures anyway. They even have to make demographics a state secret; it could jeopardize their reputation as the greatest great superpower of all time.

And Russia just saw how much "value" bookings in the central bank have. And so the morning after, only about a third of the foreign exchange reserves remain.

Russia's debt ratio is currently about 13% of GDP. The USA's debt ratio is 133%. I probably don't need to write more about that. China is the largest creditor of the USA and holds more than 2 trillion USD in government bonds.

That is the financial atomic bomb.

Those who live in glass houses should not throw stones.

China values money above all else. And the Russians are less reliable customers than the entire West. They will not turn against the West and thereby ruin their business model.

Whether you believe it or not, the Russians don’t need money at all. They don’t need to issue government bonds because they have hardly any debt. They only need to roll over old liabilities. Nothing more. Therefore, they are not dependent on the international financial markets.

And the Chinese will surely be happy when they are allowed to pay for their oil and gas deliveries from Russia with dollar papers. And that’s exactly why Putin doesn’t care whether he is connected to Swift or not. Sooner or later they will beg to deliver again.

But as I said. Renewable energy is freedom energy. :)

The Russians have long since imposed export bans when they saw where this was heading.

Who helped us here when, almost exactly a year ago, the Americans bought up all the timber and the price tripled? Has the price dropped? No! Nobody heard anything when entire container ships with timber were heading to the USA from Rostock. Everything was taken out and we have to pay everything expensively. And honestly, I don’t believe there will even be any building here at all in a few months.

Wood drying, roof tiles, stones, cement, etc. are all produced with gas. Nobody will be able to pay that anymore. I see this with mixed feelings, even if there is a celebratory mood today and we want to finish off the Russians.

Our banks don’t look very good today either. Deutsche Bank down 10 percent.