The world has quickly become less stable over the first 2 months of 2022.

Financial system stability, especially in the all-important bond market, was eroding at a concerning pace prior to last week, but Russia's recent invasion of Ukraine is serving as an accelerant to the situation.

The severe economic sanctions being applied against Russia, including banning it from the SWIFT international payments platform, are near-certain to create painful consequences for ALL parties involved.

To give us an understanding of the key risks to monitor, we welcome market analyst Gordon Long to the program. Gordon has issued several recent warnings about the credit markets in his latest investor letters and I'm eager to hear him explain why. See the YouTube Video for the charts and graphics: https://youtu.be/3Gyc6nyFn6I