I trust Putin over Paulson.
At least Putin is not trying to sell a book.
Kudrin noted that the current crisis in the global economy and financial stimulus measures are unprecedented. Therefore, in his opinion, it is hard to say how long the countries will be able to continue such massive cash injections and how they will influence their balance sheets as early as a year or two, including sovereign debts which, according to his estimates, will exceed the critical level even in developed countries, which could impact the capital market environment.
The minister emphasized that for the time being it is premature and difficult to talk about steady growth of the national economies. Goods stockpiles are on the rise, but its hard to say were seeing sustainable growth,” the vice prime minister said.
Thier stockpiles look like trouble because they need a buyer. If we have to grow now how could they did not know that two years ago. Bear Stern had a roll in a meltdown in with policies of Russia who was in energy wars with George. So maybe they learned their lesson, or waiting for the next punch to someone