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Oh, by the way, on that China Russia Gas Deal - China to Pay for Russian Gas in US Dollars
05-25-2014, 04:26 PM #16
UniqueStranger Art in my heart
Posts:14,898 Threads:420 Joined:Jun 2012
(05-25-2014, 04:08 PM)Shadow Wrote:  Russia has debt to GDP of 12.2%
USA is 106.5%
Japan 214.3%
http://en.wikipedia.org/wiki/List_of_cou...ublic_debt
I don't think Putin has any worries.

I'm not an economist but from the chart below, Russia is way down on the list.

http://en.wikipedia.org/wiki/List_of_cou...per_capita
05-25-2014, 04:47 PM #17
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(05-25-2014, 04:26 PM)UniqueStranger Wrote:  I'm not an economist but from the chart below, Russia is way down on the list.

http://en.wikipedia.org/wiki/List_of_cou...per_capita

Me either rofl.gif not even close, but basing purchasing power on a 1990 or 2000 US$ isn't very realistic when the Fed understates inflation to boost economic growth. Tax revenues are declining drastically in the USA
http://armstrongeconomics.com/2014/05/24...he-states/
And debt (and future obligations) exceed $70t. Equally, Russian banks are very well capitalized, I suspect the turn to Russian banks leading to a rise in interest rates has more to do with sanctions over Ukraine than Russia's economy.
05-25-2014, 05:00 PM #18
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
As Russia’s central bank struggles to shield the ruble from the standoff over Ukraine, Vasily Isaev says it may already be too little, too late to save his Italian vacation plans.

“If you get your salary in rubles, a trip to the beach in Europe is going to be difficult this year,” said the 37-year-old sales manager, looking up from his English homework in the park near Tverskoy Boulevard in central Moscow. “We’re going to Bulgaria instead of Italy this year and we’re renting an apartment a little further away from the sea.”

Consumers like Isaev, spending more than a few months ago to fill a shopping cart with everyday items, may be squeezed most by the currency’s decline as inflation quickens. Wobbling consumption threatens to knock out another pillar of the economy reeling from sanctions that stoked capital flight.http://www.bloomberg.com/news/2014-05-05...ssion.html and the ruble has it's problems

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
05-25-2014, 05:08 PM #19
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
I’ve written before that when it comes to Russia most analysts have been overly focused on the necessity of punitive sanctions, on the need for the US and the EU to “do something” to impress upon Putin that his government’s actions in Ukraine have been beyond the pale. Many people, particularly those of a more right-wing bent, have been positively infuriated by what they view as the “weakness” of the Obama administration and its European allies.

However, if you look at the actual performance of the Russian economy you could see that the Kremlin was already “paying a price” (and quite a hefty one at that!) for its adventures in Crimea and the Donbass. Capital has been fleeing the country at a record rate, the ruble has been plunging in value, and inflation (the single most politically sensitive topic in Russia) has been persistently above targethttp://www.forbes.com/sites/markadomanis...recession/ according to IMF Russia already in recession

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
05-25-2014, 05:09 PM #20
Shadow Mrs. Buckwheat
Posts:12,782 Threads:1,182 Joined:Feb 2011
(05-25-2014, 05:00 PM)j browsing Wrote:  http://www.bloomberg.com/news/2014-05-05...ssion.html[/url] and the ruble has it's problems

Comments on that site are kinda revealing chuckle.gif
05-25-2014, 05:18 PM #21
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
ahh com on I love being devil's advocatelmao.gif we get so much bs thrown at us from the media we need hip boots to get thru it lmao.gifhug.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
05-25-2014, 05:48 PM #22
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
and here is what Russia says about a recession http://www.marketwatch.com/story/russia-...2014-05-22 we read and hear so many different opinions damned.gif does Russia have economic problems? are the sanctions hurting them? are they faced with massive inflation?? sounds like the problems the us is facing blink.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png
05-25-2014, 06:31 PM #23
Octo Mother Superior
Posts:42,615 Threads:1,469 Joined:Feb 2011
I wouldn't say economic problems, but growth has definitely slowed down since 2012 as is clearly visible in the dwindling number of Russian tourists in Finland shows.

Quote:Tax-free purchases in the capital city region are down five percent in the first nine months of this year (2013) as compared to 2012. Comparing the first quarter of this year to the third, sales are down 13 percent. The figures were collected by the Global Blue Finland company, which returns sales tax to departing tourists from outside the EU.

”Russian tourists' spending depends on economic growth, which has been slow in Russia in the last year,” says Jaana Kurjenoja of the Finnish Commerce Federation.

Figures for the whole country show a five percent increase: much slower growth than the 26 percent rise recorded in 2012. Growth in tourist numbers has also slowed, from10 percent in the first three quarters of 2012 to seven percent in January-September 2013.

http://yle.fi/uutiset/russian_tourists_t...gs/6881497
05-25-2014, 08:07 PM #24
karutzar Member
Posts:256 Threads:27 Joined:Dec 2012
I don't buy it. By the time the gas will flow by the pipe the mighty $ may cease to exist. Nobody know exactly the clauses of the ru-chi contract - can be that the $ is just the exchange rate at the present moment, but not for the future payment. Just follow Zero Hedge forum for additional details.

You can become a slave only by voluntary consent.
I am highly allergic to circumcised souls and red flags with Venusian star on them.
05-25-2014, 08:34 PM #25
Wicked Oblivion Member
Posts:10,778 Threads:720 Joined:Oct 2012
Yeah like hey what the f##k when the royal bloodline elites have trillions of dollars in legally extorted tax slave wages every year after year i suppose theres way more than enough mega cash for them to spread around to the right people instead of stopping homelessness and ceasing the foreclosure of houses and ending starvation and creating free health care...

İmage
05-25-2014, 09:01 PM #26
j browsing Member
Posts:5,158 Threads:1,098 Joined:Jul 2012
iagree.gif

"when life gives you lemons..throw them at someone"...Grumpy Cat good.png



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