Quote from Martinghoul:
Well, I see no reason to assume that Russia will always necessarily be what it is today. The changes that the country has gone through since the 90s are truly astonishing and there's no reason to believe that they stop. I confess to being somewhat biased, but I don't think one should write Russia off.
Moreover, according to the latest data, the Russian demographic crisis is, more or less, over. The natural rate of population decrease was merely 131k in 2011, which contrasts with averages consistently in the 700k - 1mil range between 1993 and 2006. Moreover, there's been an increase in net immigration, which means that the Russian population is growing. The total fertility rate has risen to 1.60 in 2011, which is pretty much in line w/developed economies (EU average 1.59, Canada 1.67). Life expectancy at 70.3 in 2011, while low by Western standards, has never been higher (previous peak was 1986-87 at 70). Deaths due to suicide, homicide and alcohol poisoning are below 1990 levels for the first time.
To me, this all indicates that, while the Russian economy has certainly benefitted from higher oil prices, with everything that entails, there's also a secular trend component that indicates an ongoing improvement in the quality of life (see, for instance, the UNDP HDI data here: http://hdr.undp.org/en/data/explorer/). So, while all sorts of problems persist, I believe there's quite a bit of hope.
What.........
Quickly delete your post you have 30 min allotted to delete it.
You probably didn't realize Russia is a direct threat to organized private central bankers and a hope for the free world.
You are betraying your masters at FED IMF, ECB, Goldman etc
Good thing I saw it before they did.........a close one.
