Russia & Ukraine

The defiticit in Russia is a drop in the bucket. Nothing else. If you had ever studied economics or even analyzed fiscal budgets or understood a thing about macro economics you would get it. You did not. Hence, what's the point to illuminate an issue for someone who is too thick between the ears to get it?

exGOPer said:
I never used the phrase 'on its knees', why you keep lying?

Why are you trying to change the topic?

Numbers come from the Russian government, where is the joke? Why don't you elaborate instead of this hit and run posts with zero data, links or numbers.
More...
 
M.W. said:
The defiticit in Russia is a drop in the bucket. Nothing else. If you had ever studied economics or even analyzed fiscal budgets or understood a thing about macro economics you would get it. You did not. Hence, what's the point to illuminate an issue for someone who is too thick between the ears to get it?
More...

You can't even spell deficit and you are an expert in economics? Do explain the numbers after learning to spell.

Another empty ad hominem post with zero analysis, math or source defending some shit hole dictatorship.
 
M.W. said:
The defiticit in Russia is a drop in the bucket. Nothing else. If you had ever studied economics or even analyzed fiscal budgets or understood a thing about macro economics you would get it. You did not. Hence, what's the point to illuminate an issue for someone who is too thick between the ears to get it?
More...

Russia’s finances are very different than America’s. Russia is not a consumer driven economy, it’s a resource exporter. Being very dependent on the price of oil gas doesn’t give Russia the flexibility of the US. Russia cannot sustain running a deficit for long. It has already drawdown foreign reserves from its central bank to prop up the sliding ruble.

https://twitter.com/x/status/1675224775042424832

And to put an even finer point on the precarious state of Russian finances, they are trading their oil at a discount in market that is tumbling lower and lower. Buuuut the worst part is that they are trading it for worthless rupees and yuan that Chinese limit what can be purchased with.

So the Russians have mountains of rupees and yuan that are virtually worthless while they have to drawdown their hard dollars, euros and gold to buy rubles so it doesn’t crash.

It’s not pretty right now in Russia.
 
Coming from the one whose entire attack on the legitimacy of a post rests on a spelling mistake caused by a tiny keyboard of a smartphone.



exGOPer said:
You can't even spell deficit and you are an expert in economics? Do explain the numbers after learning to spell.

Another empty ad hominem post with zero analysis, math or source defending some shit hole dictatorship.
More...
 
Nonsense. The usd rub exchange rate has fluctuated mostly been 60 and 80 since 2015. Not sure which market you are referencing that is tumbling lower and lower. Oil prices are also pretty stable at the moment.

UsualName said:
Russia’s finances are very different than America’s. Russia is not a consumer driven economy, it’s a resource exporter. Being very dependent on the price of oil gas doesn’t give Russia the flexibility of the US. Russia cannot sustain running a deficit for long. It has already drawdown foreign reserves from its central bank to prop up the sliding ruble.

https://twitter.com/x/status/1675224775042424832

And to put an even finer point on the precarious state of Russian finances, they are trading their oil at a discount in market that is tumbling lower and lower. Buuuut the worst part is that they are trading it for worthless rupees and yuan that Chinese limit what can be purchased with.

So the Russians have mountains of rupees and yuan that are virtually worthless while they have to drawdown their hard dollars, euros and gold to buy rubles so it doesn’t crash.

It’s not pretty right now in Russia.
More...
 
^RUBUSD_Barchart_Interactive_Chart_07_03_2023.png

Nice chart, should be a buy soon at 0.008 for another quick pump and dump. :)
 
M.W. said:
Coming from the one whose entire attack on the legitimacy of a post rests on a spelling mistake caused by a tiny keyboard of a smartphone.
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Except I pointed out lack of math, stats and sources.

How convenient you ignored all of that and then mischaracterize it as 'entire attack'

No wonder someone so disingenuous supports Russia.
 
UsualName said:
Russia’s finances are very different than America’s. Russia is not a consumer driven economy, it’s a resource exporter. Being very dependent on the price of oil gas doesn’t give Russia the flexibility of the US. Russia cannot sustain running a deficit for long. It has already drawdown foreign reserves from its central bank to prop up the sliding ruble.

https://twitter.com/x/status/1675224775042424832

And to put an even finer point on the precarious state of Russian finances, they are trading their oil at a discount in market that is tumbling lower and lower. Buuuut the worst part is that they are trading it for worthless rupees and yuan that Chinese limit what can be purchased with.

So the Russians have mountains of rupees and yuan that are virtually worthless while they have to drawdown their hard dollars, euros and gold to buy rubles so it doesn’t crash.

It’s not pretty right now in Russia.
More...

I don't know in what reality you're living but Russian economy is booming

They have extremely low employment and industrial production absolutely skyrocketing

Honestly can't understand how yuans are worthless as a China their main trade partner and trade with China absolutely exploded in the last 18 moths as China mostly took place of Europe in trade with Russia
 
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