Article

2014-05-06 Caucasus/Russia/Central Asia

Russian Ruble Plunging - Russia Slides Into Recession

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Posted by Bubba Graiting8281 2014-05-06 00:00|| || Front Page|| [11127 views ] Top

#1 The sanctions may have some effect but mostly it is the risk of losing your investment to the corruption of Putin's Russia.

Posted by tipover 2014-05-06 01:04|| 2014-05-06 01:04|| Front Page Top

#2 All of which lends itself to Putin's assertion that capitalism does not work in Russia. Meanwhile, his approval ratings skyrocket.

Posted by Besoeker 2014-05-06 05:25|| 2014-05-06 05:25|| Front Page Top

#3 Just as the Chinese have problems mastering modern jet engine manufacture, the Russians have problems mastering free markets. To many people seem to settle for less if they control more.

Posted by P2kontheroad 2014-05-06 08:08|| 2014-05-06 08:08|| Front Page Top

#4 "We're going to Bulgaria instead of Italy this year and we're renting an apartment a little further away from the sea."

What - not Crimea?

Posted by Pappy 2014-05-06 09:59|| 2014-05-06 09:59|| Front Page Top

#5 Another reason to return to a command economy. Several generations of socialists can't be wrong.

Posted by AlmostAnonymous5839 2014-05-06 10:41|| 2014-05-06 10:41|| Front Page Top

#6 gee what a wonderful idea. crash the russian economy, because countries with economic problems never start wars... (cough. Falklands)

Posted by Spains Schwarzeneggar5048 2014-05-06 12:27|| 2014-05-06 12:27|| Front Page Top

#7 I think we've passed that point, anonymous one.

Posted by Pappy 2014-05-06 13:23|| 2014-05-06 13:23|| Front Page Top

#8 #2 All of which lends itself to Putin's assertion that capitalism does not work in Russia.

I thought everyone was saying Putin was Mr. Virile Capitalist these days, and Zero was the communist?

Posted by Thing From Snowy Mountain 2014-05-06 13:30|| 2014-05-06 13:30|| Front Page Top

#9 Besoeker meant 'free trade", TFSM

Posted by g(r)omgoru 2014-05-06 13:36|| 2014-05-06 13:36|| Front Page Top

#10 Ah. Figures.

The Red Mafia's been dependent for growth on the idea that the Red Mafia's branch here stresses Free Trade because it temporarily insulates them from the effects of their deindustrialization policies.

At any rate, I'm surprised that the sanctions actually amount to anything, I thought they'd be precisely calculated to not really accomplish anything.

I was against buying the RD-180, or the Soyuz, for twenty years, not because of Russia and Ukraine, but because of Russia and Iran.

It's hard to believe they kept this stuff up for two decades.

Posted by Thing From Snowy Mountain 2014-05-06 17:21|| 2014-05-06 17:21|| Front Page Top

#11 I don't know if it's the Sanctions, or just investment brokers fleeing the Russian economy. Given the history of what's happened elsewhere, there's no reason to put your money into an economy where it will just be seized.

Posted by Charles 2014-05-06 22:52|| 2014-05-06 22:52|| Front Page Top

#12 there's no reason to put your money into an economy where it will just be seized.

These days, I think the name of that economy is "Earth."

Posted by Thing From Snowy Mountain 2014-05-06 22:56|| 2014-05-06 22:56|| Front Page Top

#13 What affects Russia will also ultimately affect its "strategic ally/" + SCO-CSTO ally, BFF China, now suffering from Militant-Separatist flareups on its own.

Again, iff the US-NATO/EU = West is worried about post-2014, "legal" Taliban control of Pakistan's Nukes vee formal power-sharing, they + OWG Globalists will really be worried + biting their nails once the Hard Boyz get a hold of Russian [+ Chinese? Indian?] Nukes.

An econ-struggling Russia makes things that much EASIER, OR LESS DIFFICULT, for the Hard Boyz.

Posted by JosephMendiola 2014-05-06 23:12|| 2014-05-06 23:12|| Front Page Top

23:45 JosephMendiola
23:28 JosephMendiola
23:23 JosephMendiola
23:21 JosephMendiola
23:12 JosephMendiola
23:02 JosephMendiola
22:56 Thing From Snowy Mountain
22:54 P2kontheroad
22:52 Charles
22:51 USN, Ret.
22:50 Angatle Snise1887
22:49 Besoeker
22:49 USN, Ret.
22:46 Charles
22:45 USN, Ret.
22:45 Besoeker
22:38 Charles
22:37 Clyde Elmaising1942
22:31 Uncle Phester
22:23 Lone Ranger
21:25 Bright Pebbles
21:23 swksvolFF
21:16 Frank G
21:07 Airandee