There was an article that I glanced over yesterday, I didn’t save it. It basically said, don’t worry about the price of a gallon of gas, worry about the price for a loaf of Bread. What it was getting at is the Ukraine is one of the largest wheat exporters to the world. Thus, not having that wheat exported will affect the global economy. The Ukraine is the 5th largest exporter to the world of wheat. Number 1 is Russia followed by Canada, the U.S. and France.
https://beef2live.com/story-top-20-largest-wheat-exporters-world-0-206491#:~:text=Russia%20is%20the%20largest%20wheat,Canada%20and%20the%20United%20States.
It’s one thing to sanction oil, I think it will be quite another to add wheat to the Russia sanctions. Biden is currently at 37.8% approval on his handling of the economy. Inflation, the price of a gallon of gas, natural gas, the rise in food prices, housing etc. has taken its toll. Not the war in the Ukraine.
But so far, there’s been no change as to the direction of the midterm. Minimal loses in the House, the status quo or perhaps a gain of a senate seat or two for the Democrats. It seems to me that the fact most folks like the old man, Biden as a person, that he and the democrats has been immune to their low approval and favorable numbers regarding projected votes this November. Now there are 36% of independents who reside currently in the undecided/not sure column when it comes to their congressional vote. They like Biden as a person, but don’t like the job he’s been doing, very dissatisfied. They don’t like Trump as a person and don’t care for his influence over the GOP. Give it another couple to three months, we’ll see then which of these begin to win out among independents, the dislike of Trump and his influence or their dissatisfaction with the job Biden is doing per the economy.
