Mods may remove this as Russian oriented news does not align with this sub’s rules.
In short, they don’t allow correlation.
This is not even close to being “devastated” by Russian standards. Growing real wages and high government spending while technically overheating is sustainable enough for Putin.
Yeltsin didn’t even step down from the Presidency until Russia had lost some 50% of its GDP by 1999.
I’d like to think this is real, but it is hard to imagine a Russian official saying this outloud even if they happen to live in a bungalow with no windows.
Russia should have left the Ukraine alone but Pootler insists on fascism and expansion despite having no claim to the lands. We need Trumpler and his gang of buddies to go asap so we can continue to repel Russia back to Rostov at least.
Keep hitting the oil refineries and depots—18% so can I open a savings acct there?
It’s not. But it will be as soon as the war stops. They’ve switched so much of their economy to work for the MIC that if the need for it disappears that’ll be the end.
It’s devastated. No one likes me anymore. Sniff sniff.
It’s actually crazy that they can still maintain as a country despite news reporting they are close to collapse due to sanctions or whatever.
I know for a fact just a shit economic downturn for a few months will truly fuck up my country but somehow Russia survives. Man I believe it when I see it
think she wanted to quit, but kind and benevolent Putin offered her to stay on or go work in Siberian gulag
That’s a shame.
Basically – there is lots of cash floating around the Russian economy. Enough to finance lots of business growth – if only there was enough manpower to do it all. The military and military industry are taking all the available manpower which is leaving nothing for the other sectors, but still pumping more and more cash into the Russian economy. People are still buying things and consumer demand is higher than ever, but there’s not enough consumer goods to go around. They are seeing growing inflation as all that money chases fewer available goods.
The only way they can save their economy is to stop the war. Funny thing is they would have a massive economic boom if that happens as all the military manpower floods back into the rest of the economy and all that cash finances business growth. It’s a nice reason to end a war.
This person wanted to retire at the start of the war but wasn’t allowed to. She was made to keep doing her job. She is keeping the economy going all this time with all the sanctions. She is telling russia/world we have stagflation. They are at the bottom now! It’s going to collapse
Someone soon is gonna fall from another window
I hope she will be replaced by a yes-man of Putin to accelerate the fall.
Vlad don’t like bad news…
I imagine Xi is rubbing his hands together as he forces Russia into his debt by being their lifeline. Wonder what russian territory they are going to get in return for their investment?
putler isnt suffering and thats all he cares about.
I read the actual report. While she does express concerns over various aspects of the country it isn’t as dire as the diction in this post makes it out to be. Sensationalism is something to be avoided.
Putin is going to demoted to demoted to Chinese governor soon.
Imagine if the world actually used full economic sanctions against Russia, instead of China and India directly trading with Russia and Ukraine’s allies indirectly trading with Russia.
This is going to be good. She was treated like a national hero for keeping the economy and stock market boosted when the west expected it to crash due to sanctions. Now she admits its teetering on collapse in a public forum for all the world to laugh at.
Its only a matter of time now. Lets see how deep putin is willing to dig the hole that condemns russia’s economy for the next decade. The west just needs to keep the borders closed to immigration, in order to keep them comfy in their own mess.
Economists will write about this clusterfuck for generations
Is there any other source for this? I have looked around a little bit, but haven’t found these precise details repeated anywhere else.
Is this the opportunity to pivot to their USSR roots again?
Nice; putiny dick wanted the Soviet Union back so bad, he’s even bringing back economic collapse and if were lucky….starvation.
I’m not sure the high interest rate is going to work on the inflation spiral.
It’s hard to be certain of course, but it’s quite possible that even despite the high interest rates, Russians prefer to spend their money now. The high inflation level and strained production levels might weigh more on their decisions than a couple extra rubles if they left their money in the bank. Plus, the high interest rate makes it harder for new businesses to form and help fulfill market demand, so the high interest rate might even make the situation worse.
But these things are very difficult to predict well.
18% is going to leave Russian technology sector in shambles. Good riddance
32 comments
Nice time to move to a ground floor apartment…
Mods may remove this as Russian oriented news does not align with this sub’s rules.
In short, they don’t allow correlation.
This is not even close to being “devastated” by Russian standards. Growing real wages and high government spending while technically overheating is sustainable enough for Putin.
Yeltsin didn’t even step down from the Presidency until Russia had lost some 50% of its GDP by 1999.
I’d like to think this is real, but it is hard to imagine a Russian official saying this outloud even if they happen to live in a bungalow with no windows.
Russia should have left the Ukraine alone but Pootler insists on fascism and expansion despite having no claim to the lands. We need Trumpler and his gang of buddies to go asap so we can continue to repel Russia back to Rostov at least.
Keep hitting the oil refineries and depots—18% so can I open a savings acct there?
It’s not. But it will be as soon as the war stops. They’ve switched so much of their economy to work for the MIC that if the need for it disappears that’ll be the end.
It’s devastated. No one likes me anymore. Sniff sniff.
It’s actually crazy that they can still maintain as a country despite news reporting they are close to collapse due to sanctions or whatever.
I know for a fact just a shit economic downturn for a few months will truly fuck up my country but somehow Russia survives. Man I believe it when I see it
think she wanted to quit, but kind and benevolent Putin offered her to stay on or go work in Siberian gulag
That’s a shame.
Basically – there is lots of cash floating around the Russian economy. Enough to finance lots of business growth – if only there was enough manpower to do it all. The military and military industry are taking all the available manpower which is leaving nothing for the other sectors, but still pumping more and more cash into the Russian economy. People are still buying things and consumer demand is higher than ever, but there’s not enough consumer goods to go around. They are seeing growing inflation as all that money chases fewer available goods.
The only way they can save their economy is to stop the war. Funny thing is they would have a massive economic boom if that happens as all the military manpower floods back into the rest of the economy and all that cash finances business growth. It’s a nice reason to end a war.
This person wanted to retire at the start of the war but wasn’t allowed to. She was made to keep doing her job. She is keeping the economy going all this time with all the sanctions. She is telling russia/world we have stagflation. They are at the bottom now! It’s going to collapse
Someone soon is gonna fall from another window
I hope she will be replaced by a yes-man of Putin to accelerate the fall.
Vlad don’t like bad news…
I imagine Xi is rubbing his hands together as he forces Russia into his debt by being their lifeline. Wonder what russian territory they are going to get in return for their investment?
putler isnt suffering and thats all he cares about.
I read the actual report. While she does express concerns over various aspects of the country it isn’t as dire as the diction in this post makes it out to be. Sensationalism is something to be avoided.
Putin is going to demoted to demoted to Chinese governor soon.
How does Putin’s personal wealth — [estimated at $200B USD](https://www.voanews.com/a/terrible-crimes-made-putin-world-richest-person-financier-tells-senators/3961955.html) — factor into this? Couldn’t he bail them out to keep this shitshow going? It won’t solve the intrinsic problems, but he could keep funding the war.
More
dangerous time to be an economist
joe blogs better watch out
Imagine if the world actually used full economic sanctions against Russia, instead of China and India directly trading with Russia and Ukraine’s allies indirectly trading with Russia.
This is going to be good. She was treated like a national hero for keeping the economy and stock market boosted when the west expected it to crash due to sanctions. Now she admits its teetering on collapse in a public forum for all the world to laugh at.
Its only a matter of time now. Lets see how deep putin is willing to dig the hole that condemns russia’s economy for the next decade. The west just needs to keep the borders closed to immigration, in order to keep them comfy in their own mess.
Economists will write about this clusterfuck for generations
Is there any other source for this? I have looked around a little bit, but haven’t found these precise details repeated anywhere else.
Is this the opportunity to pivot to their USSR roots again?
Nice; putiny dick wanted the Soviet Union back so bad, he’s even bringing back economic collapse and if were lucky….starvation.
I’m not sure the high interest rate is going to work on the inflation spiral.
It’s hard to be certain of course, but it’s quite possible that even despite the high interest rates, Russians prefer to spend their money now. The high inflation level and strained production levels might weigh more on their decisions than a couple extra rubles if they left their money in the bank. Plus, the high interest rate makes it harder for new businesses to form and help fulfill market demand, so the high interest rate might even make the situation worse.
But these things are very difficult to predict well.
18% is going to leave Russian technology sector in shambles. Good riddance