War in Ukraine

#43,827
#43,827
Rasputin_Vol said:
Those articles were back in March/April when the Russian ruble at the time was coming down from 140:1 USD and the Russian central bank had run rates up near 20% in order to absorb the initial shock. But you didn't see widespread store shelves going empty and you did see initial inflation spike for a brief period. But look at what happened this week:

Russian Central Bank Governor Speaks After Cutting Key Rate to 7.5%
Click to expand...
Correct Moe. As far back as late March Pootin and his lackeys were already acknowledging the sanctions were hurting. And they still are.

And cutting the interest rate to 7.5%? HAHAHAHAHAHAHAHAHA!!! Nice DOWN to 7.5% 😂 that should do wonders for that 14% inflation. Even idiot Joe hasn’t screwed the pooch that bad.

Russia - Monthly inflation rate 2022 | Statista

Chest thumping over a 7.5% gov lending rate and 14+% inflation. What a world 😂
 
Last edited:
  • Like
Reactions: Hunerwadel
#43,828
#43,828
Rasputin_Vol said:
They have baby formula, too!

BTW, did you pay attention to the quantity and price of those eggs?
Click to expand...

Russia year over year inflation.

Onions36.88%
Sugar, granulated33.99%
Rice29.69%
Salt27.84%
Apples24.37%
Canned vegetables for baby food19.46%
Canned fruit and berries for baby food16.46%
Pasta, from high-grade wheat flour14.88%
Butter14.71%
Beef, excluding boneless meat14.17%
Milk, pasteurized13.85%
Flour, wheat12.81%
Buckwheat11.75%
 
  • Like
Reactions: Hunerwadel and Volsdeep4
#43,829
#43,829
evillawyer said:
Russia year over year inflation.

Onions36.88%
Sugar, granulated33.99%
Rice29.69%
Salt27.84%
Apples24.37%
Canned vegetables for baby food19.46%
Canned fruit and berries for baby food16.46%
Pasta, from high-grade wheat flour14.88%
Butter14.71%
Beef, excluding boneless meat14.17%
Milk, pasteurized13.85%
Flour, wheat12.81%
Buckwheat11.75%
Click to expand...
But those eggs! 😂
 
  • Like
Reactions: Hunerwadel and norrislakevol
#43,831
#43,831
evillawyer said:
It's truly amazing that a country as small and as paved over as russia can find a place to farm eggs. True stroke of genius.
Click to expand...
And they have managed to get their inflation DOWN to 14.5% so they can LOWER their prime lending rate to 7.5%. Pootin is not only a military genius he’s clearly an economic mastermind also.
 
  • Like
Reactions: Hunerwadel and norrislakevol
#43,833
#43,833
evillawyer said:
Russia year over year inflation.

Onions36.88%
Sugar, granulated33.99%
Rice29.69%
Salt27.84%
Apples24.37%
Canned vegetables for baby food19.46%
Canned fruit and berries for baby food16.46%
Pasta, from high-grade wheat flour14.88%
Butter14.71%
Beef, excluding boneless meat14.17%
Milk, pasteurized13.85%
Flour, wheat12.81%
Buckwheat11.75%
Click to expand...
If those numbers are true then how cheap was Russian food before? Because the prices shown at the supermarkets right now are the same as or slightly lower than I see here in Middle Tennessee.
 
#43,834
#43,834
Russian record holder will miss Dakar due to refusal to support Ukraine

Russian Anastasia Nifontova will not take part in the Dakar Rally due to her refusal to sign a declaration of support for Ukraine. The motorcycle racer herself told RBC Sport about this.

“I will not compete in Dakar, because this is the World Cup, for which you need to sign a declaration that I do not support the special operation, that I am not for Russia, but I support Ukraine. I can't sign it because I don't agree with it. In this context, participation is impossible, I cannot but support my country,” Nifontova said.
Click to expand...
 
#43,835
#43,835
Russian sanctions slow to bite as US officials admit frustrations over pace of pain in Moscow | CNN Politics
A few quotes from an article that seems reasonably balanced:

Senior US officials tell CNN they are disappointed US-led sanctions haven't had a bigger impact so far on the Russian economy and are now predicting that the harshest effects probably won't materialize until early next year at the earliest.

Russia's economy still shrunk by about 4% between April and June as compared to the same period last year. But that's nowhere near the 15% decline that some had expected earlier in the year.

A separate senior administration official cautioned CNN, however, that the officials crafting the sanctions in the months leading up to the war always believed that the steepest impacts would not necessarily be immediate.
"I think we've had, from the beginning, a view that when Russia invaded Ukraine and we imposed the sanctions, they were going to be, in all likelihood, a mid-to-long term sanctions regime," the official said. "That is because we wanted to keep pressure on Russia over the long term as it waged war on Ukraine, and we wanted to degrade Russia's economic and industrial capabilities. So we've always seen this as a long term game."

"We had been warning Europe for years before the invasion about the need to get away from Russian energy, and they just weren't willing to do it until it was too late," said one of the senior US officials.

"We expected the decline might be a little harsher, but they're masking it," said a source familiar with western intelligence, explaining that western officials believe the Russians are manipulating statistics and being "held up for now" by high energy prices.

Putin spent years amassing hundreds of billions in foreign currency reserves, and Russia's Central Bank has benefited from a talented central banker who has managed to implement workarounds to keep the ruble afloat, officials say.
But all that is doing is creating the appearance of stability, officials said, as western sanctions degrade key sectors of Russia's economy — particularly the technological sector — and GDP continues to shrink.

As time goes on, Russian oil production will also decline, the US official predicted, largely because of increased foreign divestiture. Foreign companies have for decades helped maintain Russian oil fields and keep the energy sector efficient — something that Russian companies will struggle to replicate, the US believes.

US and western officials have also sought to use targeted sanctions and export controls as a way to cut Russia off from the technological components it needs to build weapons — items like semiconductors, microchips, aircraft parts and lithium-type batteries.
It is "definitely" working, said the source familiar with western intelligence. US and western officials told CNN that Russia in recent months has been forced to rely on much older weapons and equipment stocks as it has continued to suffer losses on the battlefield that it appears unable to replace.
 
#43,836
#43,836
USF grad in TN said:
Russian sanctions slow to bite as US officials admit frustrations over pace of pain in Moscow | CNN Politics
A few quotes from an article that seems reasonably balanced:

Senior US officials tell CNN they are disappointed US-led sanctions haven't had a bigger impact so far on the Russian economy and are now predicting that the harshest effects probably won't materialize until early next year at the earliest.

Russia's economy still shrunk by about 4% between April and June as compared to the same period last year. But that's nowhere near the 15% decline that some had expected earlier in the year.

A separate senior administration official cautioned CNN, however, that the officials crafting the sanctions in the months leading up to the war always believed that the steepest impacts would not necessarily be immediate.
"I think we've had, from the beginning, a view that when Russia invaded Ukraine and we imposed the sanctions, they were going to be, in all likelihood, a mid-to-long term sanctions regime," the official said. "That is because we wanted to keep pressure on Russia over the long term as it waged war on Ukraine, and we wanted to degrade Russia's economic and industrial capabilities. So we've always seen this as a long term game."

"We had been warning Europe for years before the invasion about the need to get away from Russian energy, and they just weren't willing to do it until it was too late," said one of the senior US officials.

"We expected the decline might be a little harsher, but they're masking it," said a source familiar with western intelligence, explaining that western officials believe the Russians are manipulating statistics and being "held up for now" by high energy prices.

Putin spent years amassing hundreds of billions in foreign currency reserves, and Russia's Central Bank has benefited from a talented central banker who has managed to implement workarounds to keep the ruble afloat, officials say.
But all that is doing is creating the appearance of stability, officials said, as western sanctions degrade key sectors of Russia's economy — particularly the technological sector — and GDP continues to shrink.

As time goes on, Russian oil production will also decline, the US official predicted, largely because of increased foreign divestiture. Foreign companies have for decades helped maintain Russian oil fields and keep the energy sector efficient — something that Russian companies will struggle to replicate, the US believes.

US and western officials have also sought to use targeted sanctions and export controls as a way to cut Russia off from the technological components it needs to build weapons — items like semiconductors, microchips, aircraft parts and lithium-type batteries.
It is "definitely" working, said the source familiar with western intelligence. US and western officials told CNN that Russia in recent months has been forced to rely on much older weapons and equipment stocks as it has continued to suffer losses on the battlefield that it appears unable to replace.
Click to expand...
I’d like to have a crystal ball to see what their petroleum revenues look like 5 years from now. If Europe learned its lesson and weans itself off of Russia oil and Russia can’t get oil production services support back in country then Russia is in trouble. If Europe caves an still buys Russian oil then they deserve what they get and Russia will continue to pull antics like this not-a-war-but-really-a-war.

Not to mention being cutoff from the world market on technologies like semiconductors and spare parts
 
  • Like
Reactions: Hunerwadel, norrislakevol, tvolsfan and 1 other person
#43,845
#43,845
USF grad in TN said:
"We expected the decline might be a little harsher, but they're masking it," said a source familiar with western intelligence, explaining that western officials believe the Russians are manipulating statistics and being "held up for now" by high energy prices.
Click to expand...

So explain to me how you "mask it" or manipulate anything when store shelves are full at grocery stores and them having all of their energy needs fulfilled right now? Tell me how that is so?

USF grad in TN said:
Putin spent years amassing hundreds of billions in foreign currency reserves, and Russia's Central Bank has benefited from a talented central banker who has managed to implement workarounds to keep the ruble afloat, officials say.
Click to expand...
Foreign reserves that are now roughly $300 billion less than what they had before because of theft by these sanctions. So this quote makes no sense because The West took a chunk of those reserves.

USF grad in TN said:
But all that is doing is creating the appearance of stability, officials said, as western sanctions degrade key sectors of Russia's economy — particularly the technological sector — and GDP continues to shrink.
Click to expand...
They are trading partners with China. Any voids and gaps that can't be filled domestically can easily be filled by China. This is just nonsense... hell, where do most of these western countries get their technological merchandise?

USF grad in TN said:
As time goes on, Russian oil production will also decline, the US official predicted, largely because of increased foreign divestiture. Foreign companies have for decades helped maintain Russian oil fields and keep the energy sector efficient — something that Russian companies will struggle to replicate, the US believes.
Click to expand...
So? What does that mean? If Russian oil production declines, that is going to have an effect on global supply, which leads to higher prices. And right now, do you think Biden is going to convince The Saudis or Iranians or Venezuelans to make up for lost Russian output? Or will they likely not ramp up output in order to maintain the higher prices?

USF grad in TN said:
US and western officials have also sought to use targeted sanctions and export controls as a way to cut Russia off from the technological components it needs to build weapons — items like semiconductors, microchips, aircraft parts and lithium-type batteries.
Click to expand...
Again, they are trading partners with China. This is a none issue.

USF grad in TN said:
It is "definitely" working, said the source familiar with western intelligence. US and western officials told CNN that Russia in recent months has been forced to rely on much older weapons and equipment stocks as it has continued to suffer losses on the battlefield that it appears unable to replace.
Click to expand...
Keep in mind these are the same guys that were telling us in March that Russia only had two weeks of weapons left. And it is comical that they are saying that Russia is relying on older weapons when we have seen from the very beginning that these NATO have done nothing but resupply Ukraine with older and more outdated weapons.

USF grad in TN said:
A few quotes from an article that seems reasonably balanced:
Click to expand...
Balanced? It is filled with coping and nonsense.
 
#43,846
#43,846
evillawyer said:
As they should be. The average salary in St. Petersburg is well less than 20k a year.
Click to expand...
So? Their $20k is enough at the moment to fill their shopping carts and keep their houses warm this winter

Can those higher earning European citizens say the same right now?

One day you will learn the difference between nominal value and real purchasing power. A family of 4 could survive in America on $10-12k/year back in 1970. The nominal value is lower than the median income today, but the dollar back then had more purchasing power. Same with Russia right now. Because they don't have souring energy prices that are driving up inflation, they will have far more purchasing power in St. Petersburg than someone that allegedly earns more nominally in Berlin or London.
 
#43,848
#43,848
Rasputin_Vol said:
So? Their $20k is enough at the moment to fill their shopping carts and keep their houses warm this winter

Can those higher earning European citizens say the same right now?

One day you will learn the difference between nominal value and real purchasing power. A family of 4 could survive in America on $10-12k/year back in 1970. The nominal value is lower than the median income today, but the dollar back then had more purchasing power. Same with Russia right now. Because they don't have souring energy prices that are driving up inflation, they will have far more purchasing power in St. Petersburg than someone that allegedly earns more nominally in Berlin or London.
Click to expand...

You are probably right in the sense of just being able to survive there on that salary. However, the costs for raw goods to build consumables, and the cost for purchasing consumables themselves such as washers, dryers, cell phones, TV's, ect aren't going to be cheaper because those items are more chained to the global market. Maybe that's why we saw so many of these goods being loaded up in Ukraine and shipped back to Russia.
 
#43,850
#43,850
norrislakevol said:
You are probably right in the sense of just being able to survive there on that salary. However, the costs for raw goods to build consumables, and the cost for purchasing consumables themselves such as washers, dryers, cell phones, TV's, ect aren't going to be cheaper because those items are more chained to the global market. Maybe that's why we saw so many of these goods being loaded up in Ukraine and shipped back to Russia.
Click to expand...
No he isn’t right at all. His entire post is an illogical assault on fundamental economics and even basic math.
 
New posts
You must log in or register to reply here.

VN Store



Back
Top