The Ukraine conflict has been everywhere. From the news to social media, even here in the Invstr Crunch. With lives on the line and strong opinions everywhere it is often complex to navigate the social, political, and economic ramifications of what is going on, even if you’re able to keep track of some of it. Here at Crunch, we will break it down into smaller pieces, primarily analyzing the conflicts that affect the markets and the economy. Today, we have an interesting opinion on the conflict coming from one of Wall Street’s biggest players: Bill Ackman. Now in case you don’t know who Bill Ackman is, he’s a billionaire American investor and Hedge Fund manager. He is the founder and CEO of Pershing Square Capital Management and outspoken on market news and global events.
Most recently he has come into the limelight for declaring Russia’s attack on Ukraine means World War III has likely already started. This sentiment is more extreme than most but is backed by some logic. Ackman believes this because he’s recognized past intervention from the West as a failure, specifically looking towards how Moscow was able to invade Georgia and Crimea. These successes have in turn “emboldened” Russian President Vladimir Putin “to take more.” Ackman believes that the lynchpin in stopping this conflict is China, as they’re not only closer to Russia in terms of allyship, but a global superpower that has not imposed any sanctions on Russia. What do you think about the conflict? And do you agree with Ackman’s sentiments?
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.