Primer on SWIFT if West takes the “nuclear option.” When the West threatened Russia’s access to Swift in 2014, Alexei Kudrin, a onetime finance minister close to Putin, estimated that it could reduce Russia’s gross domestic product by 5% in a year. bloomberg.com/news/articles/…
He’s a phenomenal analyst. I like when an analyst calls the shots and responds with something that forces you to read between the lines. Look carefully there are three separate conversations going on here. youtu.be/9o0J11QHD-Y via @YouTube
Legislation is old so they were prepared. EM/China got a shock but….. overblown. It’s a political. We should be able to audit any company listed or going public. We hold US companies to higher standards. We gave China zero oversight in our markets. cnbc.com/2021/12/02/sec-issu…