Am I stupid or does a 7% slump in the Russian economy over the course of the year seem rather mild considering the intensity and extent of the sanctions imposed on them these last couple of weeks?
Could this be accounting for a rather quick pivot to Chinese consumer goods imports to replace what they're being cut off from in Western markets?
I'm a dumbass when it comes to this stuff, but I would have expected something catastrophic like a sustained 35% slump over the year and not just the coming quarter.
The human capital didn't disappear, and investment capital will just come from countries outside of the west. Once ((investors)) realize that we aren't going to war with Russia they'll begin reinvesting through non-western channels.
Jackson Flores
Im a brainlet too but Russian allies said theyll buy more russian products so that probably lessened the damage
Jack Reed
This is why I don't get about the long term strategy of cutting Russia off from Western markets and investment.
It all seems bound to empower China, making Russian industry dependent on Chinese capital, China a safe market for Russian resource exports and Russia completely dependent on Chinese consumer goods especially in electronics.
They're making Russia completely dependent on China and strengthening China in turn.
Carson Ramirez
Considering the West is doing everything it can to make the Russian economy collapse, -7% definitely isn't that bad.
Elijah Russell
Exactly.
I was expecting a return to the destitute 90's for average Russian, but it seems that won't be the case.
Lucas Myers
the sanctions will hurt the america and europe more than it will hurt russia. russia has most of the stuff they need. they will consume the excess stuff themselves or they will export it in the east. whatever stuff they dont have, they will import from the eastern markets.
europe and america dont have the stuff they need. all we have are USDs which are secretly worthless.
Kayden Carter
Adidas moves out, chinkdidas moves in. Total market capture. Simple as.
Nicholas Perry
Europe has progressively looked more and more to the east over the last forty years. This move weakens Europe even more than Russia, and will force it to turn back towards the US rather than China.
Europe made specific exceptions to the SWIFT sanctions to continue buying Russian oil and gas. There have been no pivots away from China or sanctions imposed on them at least yet.
Not so sure it will really change much in European imports. Guess we'll see in the long term.
This is what happens you hold a country over the coals and constantly make them the bad guy. They become self sufficient, and your economic sanctions have less and less effect. Same with best korea. American government is retarded, just like the jews that run it.
Brayden Lewis
Russo-Juche will win.
Nathaniel Miller
>35% Jesus Christ, that's a lot of dead people. Poor Russian civilians don't deserve that.
It would take years for Russia to build the kind of infrastructure with China needed to make up the loss of trade with Europe. It may seem like it's all just numbers on a screen over on Any Forums, but at the end of a day a physical product has got to move from point A to point B. Their pipelines and shipping capabilities just can't handle that kind of volume yet.
Every investor knows that petrochemicals are the bedrock of the Russian economy, and a massive slump in exports in that area will impact every other sector. Sure, some Chinese businesses will take advantage of the opportunity to pick up stuff on the cheap, but until people are clear on just how bad the damage is going to be most will avoid taking the risk. The Chinese government has been unexpectedly lukewarm towards Russia on this; Chinese businesses have to consider the fact that if Russia takes further steps their own government might go as far as introducing sanctions. It's unlikely, but given that they could lose their whole investment Chinese companies may prefer just to stay out of the whole thing.
Investors hate uncertainty. Right now the only thing we can be sure of is that the Russian economy is going to tank hard. It'll probably bottom out and start to recover at some point, but until there's clear indication of what this point will be investors are going to stay away. And as long as investors stay away, the Russian economy will keep falling. It's a tailspin that's very hard to pull out of.
Elijah Scott
Our governments are so fucking deluded right now. There will be no western economy soon. Russia, China and the rest of the planet want out of this shitshow - they dont care about debt and dollar slavery - by pushing Russia out, we've pushed them into the arms of China and the Middle East will follow - they are ALL going onto the new digital Yen. Russia is a country with massive natural resources, epic organic farming capability and a net exporter of food and fuel.
We make NOTHING of any value anymore - they know it, we pretend we dont. They will stamp out tanks and planes like bottle caps and we wont be able to make tin hats without worker protests over the last of a third bathroom.
We are going to starve soon because we cant farm due to "cLiMaTe ChaNGe" and corporate monopolies - you better realise how serious this is while you still can do something about it.
You Vill Eat Ze Bugz - out of absolute desperation
