JP Morgan is predicting that the Russian economy will plummet about 20% in the next few months because of the great work the State and Commerce departments did on getting an agreement on the economic sanctions.
This is just another reminder that tom is very stupid or very dishonest. My bet is on both.
Originally posted by: tom
Wage growth, annualized, as of Jan 31, 2022: 9.6%. Inflation, annualized, 7.5%. 9.6% is larger than 7.5%.
Now for the real stats
From the US govt.
Real average hourly earnings decreased 1.7 percent, seasonally adjusted, from January 2021 to January 2022. The change in real average hourly earnings combined with a decrease of 1.4 percent in the average workweek resulted in a 3.1-percent decrease in real average weekly earnings over this period.
Be careful about bragging about the GDP as the Fed is predicting q1 GDP in the 2% range
Nonsense. And BTW, the link to your "US govt" "source" doesn't work.
Stupid fucking Tommie-poo.
Gazprom down 28%
Sherbank down 68%
Aeroflot down 35%
Bank VTB down 50%
NK Lukoil down 41%
Yandex down 59%
One more reminder that tom wears "Putin" kneepads.
Switzerland has now dropped their neutrality and are seizing Russian assets. Way to go Brandon!
The only thing that bothers me about this is that Putin and his cronies won't suffer. If there's one tin of caviar left in the country, Putin will get it; if there's one case of vodka left, Putin and his buddies will use it to throw a party (where some of those cronies will be shot, of course).
Meanwhile, the already wretched existence of the average Russian will get much, much worse. There's talk of how China is willing to send Russia aid, just to give the West the finger. But it's doubtful just how much help the Chinese can provide--and not at all financially. Of course, they're very willing to and experienced in depriving their own citizens.
I'd like to see this drag on to become Afghanistan Part II and the Russian economy bleed out as a result. Last time that happened, the Soviet empire disintegrated.
That it will make Trump's hemorrhoids flare up is just a bonus.
Originally posted by: Kevin Lewis
The only thing that bothers me about this is that Putin and his cronies won't suffer. If there's one tin of caviar left in the country, Putin will get it; if there's one case of vodka left, Putin and his buddies will use it to throw a party (where some of those cronies will be shot, of course).
Meanwhile, the already wretched existence of the average Russian will get much, much worse. There's talk of how China is willing to send Russia aid, just to give the West the finger. But it's doubtful just how much help the Chinese can provide--and not at all financially. Of course, they're very willing to and experienced in depriving their own citizens.
I'd like to see this drag on to become Afghanistan Part II and the Russian economy bleed out as a result. Last time that happened, the Soviet empire disintegrated.
That it will make Trump's hemorrhoids flare up is just a bonus.
That is a good post.
I'm not sure why some of the other liberals are happy with this situation and sanctions when Putin will come out just fine and people in Ukraine are suffering and fighting for their lives right now. But go ahead and tout the sanctions and celebrate MisterPicture. I'm happy about the sanctions as well but I'm not giddy about them like you are. I'm kind of looking at really what is happening on the ground more right now.
The Russian stock market remained closed all day and interest rates hit 20 precent. I don't really see Putin and the oligarchs coming out just fine. Their travel has been restricted to Russia and they have been cut off from all of their money except for their rubles which are worth less and less each hour. The oligarchs aren't happy and the regular people are mad at Putin and the oligarchs.
Originally posted by: Mark
The Russian stock market remained closed all day and interest rates hit 20 precent. I don't really see Putin and the oligarchs coming out just fine. Their travel has been restricted to Russia and they have been cut off from all of their money except for their rubles which are worth less and less each hour. The oligarchs aren't happy and the regular people are mad at Putin and the oligarchs.
I do hope you are right. Overthrow him.
Do you know what's open now? The Kyiv Metro. Do you know what's about to be closed for the second straight day? The Russian stock market.
I understand Mr. Pillow is going to start stuffing his product with rubles, because they cost less than feathers.
Sherbank is almost definitely going bankrupt.
And S&P Global now says that Russian debt is a junk bond.
But no, our resident Putin-lover says that the Russians are not being humiliated. Hey tom, maybe you should sell those Putin kneepads on eBay.
But no, our resident Putin-lover says that the Russians are not being humiliated. Hey tom, maybe you should sell those Putin kneepads on eBay.
Never said I support putin; stop making stuff up.
Why isn't biden banning buying oil/gas from his friend putin?
