Posted on 08/22/2024 7:16:29 PM PDT by UMCRevMom@aol.com
"Russia's wartime economic boom is masking much deeper problems, according to a group of researchers.
The authors of a recent article, who hail from institutions including the Yale School of Management, the Wharton School, the Carnegie Endowment, and the Kyiv School of Economics, cast a stark warning for Russia's economic situation despite the nation posting strong growth numbers since its invasion of Ukraine in 2022.
Russia's economy is expected to expand another 2.4% this year, according to figures from the International Monetary Fund. However, much of that growth stems from the Kremlin's wild spending spree, and Russia's economy is hindered by a number of problems that could set it up for trouble in the long run, the researchers said.
"The reality of Russia's economic situation is far more complex and concerning than some would have you believe. The productive core of the Russian economy has been severely compromised," the group wrote in an op-ed for Fortune this week.
Russia has been spending heavily on its military and defense sectors, setting a record military budget for 2024. But that spending has come at a cost to Russia's private sector, some economists say, with other areas of its economy being slammed by a severe shortage of workers as resources get funneled into Russia's invasion of Ukraine." Excerpt
(Excerpt) Read more at businessinsider.com ...
• They pointed to Russia's outsized military spending, which has come at the cost of its private sector.
• Russia's finances look rocky in other areas as well, thanks partly to Western sanctions.
VIDEO: RUSSIAN ECONOMIC INFORMATION
RUSSIAN Ruble Starts to Collapse
Joe Blogs
383K subscribers
8-22-2024 2:00 p.m. EDT
Minutes 22:39
https://www.youtube.com/watch?v=WDjR67dmnHo
In this video I look at the recent performance of the Russian Ruble and what is happening to Inflation, Interest Rates & Producer Prices in Russia and discuss the implications on the Russian Economy.
For specific details please check out the CHAPTER list below.
Chapters:
0:00 Intro
2:36 RUBLE
8:20 INFLATION
11:46 INTEREST RATES
14:12 FOOD INFLATION
15:08 PRODUCER PRICES
16:54 SUMMARY & CONCLUSION
Thank you, Mom. It’s always pleasant to have the always truthful, never agenda-driven Business Insider,
[It’s always pleasant to have the always truthful, never agenda-driven Business Insider,]
Dang, I’m glad I finished my ice-cream sandwich about 6 minutes ago. I didn’t want it to be on my screen or keyboard.
Those stupid Russians should take a cue from America and operate with a balanced budget instead of burying themselves in trillion of rubles debt.
Wait!
What?
Never mind.
TOTALLY not gaslight-y or anything like that.
No projection at all. It's like being caught in a truthiness flood.
Whuuuuuutttt?
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... to be added to the best Zeeper-provided entertainment since Paul Shanklin parodies, ping me bro.
🔴 LIVE STREAMING VIDEO - 8,448 Watching
8-22-2024 10:00 p.m. EDT
KEY RUSSIAN AIRFIELD DESTROYED, KERCH CROSSING BURNS! Breaking War News With The Enforcer (911)
The Enforcer
https://www.youtube.com/watch?v=y2CksYnOvuA
Russia is the richest and best armed nation on the planet.
*** “Russian forces have been cut off south of the Reka Seym, and are completely surrounded with the pontoon bridges under heavy attack, and all paths of retreat destroyed.
This is a major Victory for Ukraine, as they drive forward crushing the weakened brigade and securing a very strong redoubt on their western flank.
Meanwhile the Kerch crossing continues to be set a blaze after an explosion earlier today destroyed and sank the last railroad ferry that is operating in the Kerch strait, a serious blow to Russian logistics.
The airfield in Marinovka has been seriously damaged by last night’s airstrike. Meanwhile Ukraine announced a new offensive in the Kharkiv Oblast.”
Ok so we are spending hugely. All of it is additive to the US debt. Russia is literally trading products for oil gas and gold which it has in abundance. It’s economy is growing. It has very little debt. And there are plenty of jobs. The war has been going on for about three years and everyone has been saying that Russia can’t do what Russia is doing. They say that BRICS will never work but a hundred new countries want to join. So, is Russia in trouble. Not sure how you defend that. They are better off now than when the war started. They control more of Ukraine now. And Ukraine has run out of men to fight. This war is done. Russia won.
Yep. Russian job growth was revised downwards by 800K over previous figures over the last year. Ooops, those numbers were from some other lying government.
“Thank you”
Your welcome :)
You missed;
Chapters:
0:00 Intro
2:36 RUBLE
8:20 INFLATION
11:46 INTEREST RATES
14:12 FOOD INFLATION
15:08 PRODUCER PRICES
16:54 SUMMARY & CONCLUSION
Ukrainian defense forces since the beginning of the full-scale invasion have eliminated:
• personnel ‒ about 604,140 (+1,130) people,
• tanks ‒ 8529 (+7) units,
• armored fighting vehicles ‒ 16567 (+25) units,
• artillery systems – 17,262 (+46) units,
• MLRS – 1166 (+0) units,
• air defense equipment ‒ 931 (+3) units,
• aircraft – 367 (+0) units,
• helicopters – 328 (+0) units,
• UAVs of the operational-tactical level - 13998 (+96),
• cruise missiles ‒ 2443 (+1),
• ships/boats ‒ 28 (+0) units,
• submarines - 1 (+0) units,
• automotive equipment and tank trucks - 23,280 (+59) units,
• special equipment ‒ 2904 (+17).
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