On Wordle #257, and Day 7 of Russian Attack on Ukraine...

Here's a bit more luck looks like in Wordle #257...

Wordle 257 3/6

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Putin seems undeterred in his onward march into Ukraine. It's Day 7 since the unprovoked attack began, and there's no sign of stopping. There's more worldwide condemnation, with an overwhelming majority in UN General Assembly voting to condemn the Russian aggression. Being the toothless tiger as it is, the UN resolution has no bite to it, it's non-binding and there's no enforcement as a result. Though it's a great morale support, with 141 member nations voting for the condemnation, 5 (Russia included, of course) voted against it, and 35 countries abstained (including China which is no surprise, but India too? WTF), at least these 141 countries made a stand.

With the military campaign escalating, the first Ukrainian city of Kherson has fallen. Alarm bells rang off, and finally EU agreed to directly provide weapons and military supply to Ukraine (rather than the previous vague stance of allowing individual EU member states to take whatever actions/support they see fit). US slaps more economic sanctions against Russia. There are protests around the world, including within Russia's borders in St Petersburg. 

There will be economic pains. Russian Rubles fell by 20% in value against USD. Its central bank can't mobilize its assets frozen by US to defend its currency or economy. Putin installs currency control to ban any outflow of more than US$10,000. Moscow Stock Exchange closes. Russia would likely accelerate asset sale, but scarcely anyone would buy or deal with toxic Russian companies except the Chinese. Granted that Russia and China have been in bed for decades, it's not likely that Putin would want its strategic industries all being owned by the Chinese. I'd love to see the Russians dueling it out with the Chinese, these two deserve each other with a fight to the death.

Stateside, US Fed is still on course to hike the interest rate since inflation has no sign of abating. For more than 30 years, a few generations of folks have never seen inflation rate higher than 2%, nor interest rate that much above zero. Some blame it on the supply chain bottleneck, but I'd say, it's really about the tightening labor market where people are finally comfortable enough to quit their jobs to find greener pasture...or quit their jobs and not working at all. For a lot of folks, the low wages/salary is simply not good enough to suffer through bad bosses, poor management, and boring jobs. Let's see how far this inflation will go.