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Old 01-01-2015, 03:56 PM
 
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I have heard some bad news about the Russian economy lately with the price of oil dropping and sanctions taking a bite on their economy. Where is the Russian economy headed?
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Old 01-01-2015, 07:18 PM
 
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In about 2-3 years they will have hyperinflation just as "Jugoslavija" did in past. Now they need to "sell" reserves to keep domestic currency (ruble) to be on some "normal" level. Thing is that "people" in Russia panic and they want to sell ruble. So those people create panic sell and goverment has to buy those rubles and sell reserves (USD Dollars).

When they run out of "reserves" they will be in "hyper inflation mode" that means constant price changing in Russia. And there will be no production at all.
After that Russia will fell apart in probably 20-30 countries. (As Jugoslavija did).

USA already won this game. They are just gone.

If price for OIL come down to $20 a barrel wait time will be in 1 year. Because Russia budget depends on OIL price.
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Old 01-01-2015, 07:26 PM
 
Location: State of Transition
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Putin missed his chance to use the oil revenues for economic development, for developing light industry and broadening the economic base. Russia is still in 3rd World economy mode, selling raw materials instead of finished products. In his pre-Medvedev administration, he did expand hydroelectric development across Russia, and built new roads and bridges. (Decent infrastructure must precede economic development.) But much more needs to be done. And now he's out of luck, he's down to a bare bones budget.
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Old 01-01-2015, 08:08 PM
 
Location: San Diego California
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They are already in recession. The rest of the world soon to follow.
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Old 01-01-2015, 08:10 PM
 
Location: Vallejo
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Most definitely. Even Russia is forecasting a .8% drop in real GDP and near 10% inflation for 2015. Depression is the better question.
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Old 01-01-2015, 10:30 PM
 
21,448 posts, read 15,607,192 times
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Quote:
Originally Posted by jimhcom View Post
They are already in recession. The rest of the world soon to follow.


Not happening here anytime soon despite your doom and gloom predictions
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Old 01-02-2015, 07:44 PM
 
28,320 posts, read 30,908,177 times
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Originally Posted by nickerman View Post
I have heard some bad news about the Russian economy lately with the price of oil dropping and sanctions taking a bite on their economy. Where is the Russian economy headed?
Maybe. But Russians aren't as wimpy as Americans and people in other Western countries. They'll suck it up.
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Old 01-02-2015, 10:16 PM
 
Location: ATX-HOU
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Originally Posted by mysticaltyger View Post
Maybe. But Russians aren't as wimpy as Americans and people in other Western countries. They'll suck it up.
They have no choice to suck it up, but what exactly is there future? Strength is a good trait, when put to appropriate use.
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Old 01-03-2015, 09:47 AM
 
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Actually, depending on how this plays out, which is contingent on America's geo-political strategy, America could very well be sacrificing its future for the short term self gratification.

Saudi Arabia is not the future.

Once Saudi raises its prices again, we'll be right back to where we are, but probably worse, considering the spending habits of Americans which likely means the accumulation of more debt. People might even be inclined to build business in the service industry which rely on the unhinged spending habits of Americans, which mean when things become worse, which they inevitably will, the affect of which will be even more painful.

People need to consider the long term future and stop being so short-sighted. Russia is.
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Old 01-03-2015, 09:53 AM
 
21,448 posts, read 15,607,192 times
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Quote:
Originally Posted by Jobster View Post
Actually, depending on how this plays out, which is contingent on America's geo-political strategy, America could very well be sacrificing its future for the short term self gratification.

Saudi Arabia is not the future.

Once Saudi raises its prices again, we'll be right back to where we are, but probably worse, considering the spending habits of Americans which likely means the accumulation of more debt. People might even be inclined to build business in the service industry which rely on the unhinged spending habits of Americans, which mean when things become worse, which they inevitably will, the affect of which will be even more painful.

People need to consider the long term future and stop being so short-sighted. Russia is.


Saudi and/or OPEC don't raise prices fwiw and they have done a poor job historically keeping oil in a price range they want.
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