From JC

Speaking of things heating up, the BBC ran an article yesterday that surprised no one except the entire Biden Administration. It bore the unfortunate headline, “Russia to grow faster than all advanced economies, says IMF.” The sub-headline added, “An influential global body has forecast Russia’s economy will grow faster this year than all of the world’s advanced economies, including the US.”

The headline should have read, “Joe Biden loses World War III.”

That wasn’t all yesterday. Bloomberg ran a similar story, this one headlined, “Russian Crude Shipments Surge to the Highest in Almost a Year.” It is now undeniable that the Biden Administration’s highly-publicized sanctions war against Russia has catastrophically failed. The U.S.’s faltering economy was well described yesterday in a Barrons article headlined, “Inflation Could Stick Around Much Longer. What to Do About It.”

A financial analyst quoted for the Barron’s story explained, “The backdrop of continued geopolitical stress is contributing to more persistent inflation and more caution.”