Russia invaded Ukraine. How will it impact us and housing and the broader economy? The interest rates actually improved, it got better, lower and the stock market rebounded on the same day when Vladimir Putin and the Russian army invaded Ukraine. Why?
The secondary market, the equity markets, and anything having to do with money is cold, heartless and unforgiving. And it's a sad state of affairs. But the reality is, our markets don't care. They keep on going. Life goes on.
The ruble got annihilated to its lowest level in years and came down 6% premarket. Russian stock exchange tanked. How long will the invasion last? Will it affect us here in the US with our fertilizer prices, which will affect our food prices?
My heart goes out to everybody dealing with the death and destruction around the world. Stay safe. #KPTalks