Playing Games 🕹️

Table of Contents

Playing Games

This is the third story on the Nord Stream Pipeline in just one week, which is all you need to know about this back-and-forth affair. Last time, we discussed how Europe’s energy from Russia is very unreliable, and that the bloc of 19 nations were at the edge of a cliff with Russia ready to push them down. The pipeline was back and running, but anything could happen as shown before.

Europe’s worst fears were confirmed. Russia decreased Europe’s gas flow to 20 percent capacity, down from the standard 40 percent it was running at pre-maintenance. Gazprom, the Russian state-sponsored oil company that controls the pipeline, cited a turbine problem, sending energy prices in Europe up almost 7 percent. Energy prices in the continent have doubled from a year ago, and this triggers a Doomsday scenario that will end in more than a recession. With flows so low, Europe will not be able to store enough energy for the winter, which will force mass rationing of power across the continent. Germany’s energy regulator previously warned that even with flows at 40 percent, the country would struggle to stock up for the winter, and this was just the nail in the coffin. Germany, the king of the European Union economy, has placed multiple restrictions to prepare. This includes things like banning gas heating in swimming pools and offering incentives for companies to reduce their gas consumption. This will slightly mitigate the effects, but it won’t stop the force of Russia’s hand from pushing Europe into economic demise, which comes at a terrible time as the US might plunge into a recession too.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:
More Posts
From One Rock to Another 🚀

NASA’s OSIRIS-REx mission, after a seven-year journey, successfully captured and delivered asteroid samples.

Too Much Debt  💳

Rising credit card debt and delinquencies have created losses for credit card companies.

Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community. The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results. Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such. Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.