Collision Resistance to World News@lemmy.mlEnglish • 2 years agoRussia got richer even as the war in Ukraine raged on last year, while the West shed trillions of dollars of wealthwww.businessinsider.comexternal-linkmessage-square4fedilinkarrow-up124arrow-down141cross-posted to: worldnews@lemmy.ml
arrow-up1-17arrow-down1external-linkRussia got richer even as the war in Ukraine raged on last year, while the West shed trillions of dollars of wealthwww.businessinsider.comCollision Resistance to World News@lemmy.mlEnglish • 2 years agomessage-square4fedilinkcross-posted to: worldnews@lemmy.ml
minus-squareCapgrasDelusionlinkfedilink8•edit-22 years agoWith this headline Bloomberg seems to be implicitly (borderline explicitly) saying that the wealth loss is tied to the war in Ukraine. Here is the actual report this article is based on: https://www.ubs.com/global/en/media/display-page-ndp/en-20230815-global-wealth-report-2023.html No mention of Ukraine. The wealth loss is tied to inflation, appreciation of the dollar to other currencies, and losses in the financial sector.
With this headline Bloomberg seems to be implicitly (borderline explicitly) saying that the wealth loss is tied to the war in Ukraine. Here is the actual report this article is based on:
https://www.ubs.com/global/en/media/display-page-ndp/en-20230815-global-wealth-report-2023.html
No mention of Ukraine. The wealth loss is tied to inflation, appreciation of the dollar to other currencies, and losses in the financial sector.