Today, we see Russian athletes, artists, and musicians punished because of their government's invasion of Ukraine. The last time Russia invaded another country, President Jimmy Carter decided to punish American Olympic athletes.
When there is increased money coming into an economy from somewhere, the first recipients benefit. They spend it according to their preferences and benefit from the new money, while others who only face higher prices are hurt.
Is China's property bubble signaling a crisis? The current property market turmoil originates in regulatory action to reduce financial leverage and it may not lead to a full-fledged financial meltdown.