Russia Ukraine war, page-1270

With global economies already extremely fragile, Putin's invasion of Ukraine just might send the world economy of a cliff. Inflation is running hot; national debts are at all time highs; and the stock market and real estate markets are showing signs of bubble type mania.

Although Russia/Ukraine are not major trade partners on a global sense, they do export a lot of oil, natural gas and wheat (among others). The major risk in my opinion would be if sanctions/retaliations cause further global shortages which result in higher prices/inflations. If this invasion causes inflation to get even hotter, then central banks may have to get more agressive raising interest rates - and this could potentially crash the stock market and real estate markets.