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    Russian Economy General News: #2

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    medo
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    Re: Russian Economy General News: #2

    Post  medo on Tue Feb 18, 2014 8:01 pm

    Future is in green technology, that you will not depend on oil and gas and Russia have great options here.

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Thu Feb 20, 2014 11:35 am

    Interesting Interview on where we are headed , Hannibal and others your views ?


    Is the Fed a Perpetual Bubble-Maker? David Stockman discusses

    http://rt.com/shows/boom-bust/financial-system-bubble-maker-676/

    collegeboy16
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    Re: Russian Economy General News: #2

    Post  collegeboy16 on Thu Feb 20, 2014 11:49 am

    medo wrote:Future is in green technology, that you will not depend on oil and gas and Russia have great options here.
    Yeah, Russia has lots of huge rivers just waiting to be damed. Also I read about escaping methane from the ground in Siberia, tapping into large pockets of those would imperative since it is literally money escaping into the atmosphere. Also geothermals in the far east. Wind power could come from the arctic coasts.
    Apart from making itself the energy supplier of asia- russia should strive to become its main transport hub with the rest of the world too.

    Hannibal Barca
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    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Thu Feb 20, 2014 1:32 pm

    Austin wrote:Interesting Interview on where we are headed , Hannibal and others your views ?


    Is the Fed a Perpetual Bubble-Maker? David Stockman discusses

    http://rt.com/shows/boom-bust/financial-system-bubble-maker-676/

    Yeah Austin.
    The problem the US government has is that due to economic slowdown and persistent huge deficits has limited resources.
    The Fed has two targets
    a) to hide this fact
    b) to find a way to distribute this limited sources the best possible way to minimize the effects of the problem
    The way to minimize (b) is by giving priority to the big boys. To the strategic sectors etc and in the same time lowering the standards of the low end.
    Don't let them unemployed cause this is dangerous for your social stability (like what is happening now in Greece or in Ukraine) but lower their true income.
    Long story short:
    1) Fed does create bubbles. Big ones actually. Don't know if this gonna burst, when and how nasty this can turn.
    2) Fed, according to the plan, does increase the inequalities further (in contrary to the solution selected in Japan) but to this point doesn't seem to lead to any kind of turmoil. They seem to maintain enough social cohesion and just enough money to control the real dangerous consequences of unemployment, bankruptcies etc (with food stamps, federal incentives for employment, benefits, student loans etc)
    Problems are:
    -I don't see a way out of this death spiral
    -The most secured way to fail in life is by standing still while others improving. For the big boss of the West, Americans, having a couple of lost decades is not an option, unlike Japan.
    -You can't keep running deficits forever but if you start austerity you will have further slowdown, if you have slowdown you lose status if you lose status you lose credibility if you lose credibility you lose your ability to print money without consequences, if you have consequences you can't run deficits anymore. This is the extremely serious loop they are into. I wouldn't like to have to manage this shit, that's for sure.

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Thu Feb 20, 2014 4:29 pm

    Thanks Hannibal , Most people agree that US will never be able to pay its debt and it keeps spiraling .....no one knows how this will play out .....its goes against the fundamental of economics we know off so far.

    Every one says this bubble wont last but no one knows when ......the Russian Minister yesterday said another recession is expected in 2018  Shocked  probably we means every 10 years we go through this cycle.

    US wont go into austerity as this is against their model something Europe has adopted ...... Russia AFAIK and something Putin mentioned go the middle way neither austerity neither QE  Laughing

    Bad news for Russian Economy though

    Sliding ruble to drag Russian economy into recession

    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Thu Feb 20, 2014 4:31 pm


    Surplus of Russia’s foreign trade downs 7% in 2013 to $179 billion




    Economy
    February 20, 19:26 UTC+4
    MOSCOW, February 20. /ITAR-TASS/. Surplus of Russia’s balance of trade amounted to $179 billion in 2013, which was $13.3 billion (6.9%) smaller than in 2012, the Russian State Statistics Service said on Thursday.

    In 2013, Russia’s export went down by 0.9% to $523.3 billion, while the import grew by 2.6%, as compared to the preceding year, and reached $344.3 billion.

    According to the Statistics Service, Russia’s foreign trade volume increased by 0.5% as against 2012 and stood at $867.6 billion.

    Hannibal Barca
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    Re: Russian Economy General News: #2

    Post  Hannibal Barca on Thu Feb 20, 2014 4:50 pm

    We are in the middle of the fiercest economic war in history. All in all Russia's performance is acceptable. Let me rate:  Very Happy 

    USA       7/10
    China     9
    Japan     6
    India      7
    Germany    8
    Brazil       6
    France     5
    UK           5
    Russia       7

    GarryB
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    Re: Russian Economy General News: #2

    Post  GarryB on Thu Feb 20, 2014 9:46 pm

    The primary problem is that the whole concept of the stock market is flawed and results in repeatedly inflated prices for things not worth the money they get sold for till reality steps in and the price snaps back to what it should be.

    It is a bubble machine...


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    Austin
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    Re: Russian Economy General News: #2

    Post  Austin on Fri Feb 21, 2014 2:40 am

    Hannibal Barca wrote:We are in the middle of the fiercest economic war in history. All in all Russia's performance is acceptable. Let me rate:  Very Happy 

    USA       7/10
    China     9
    Japan     6
    India      7
    Germany    8
    Brazil       6
    France     5
    UK           5
    Russia       7

    I dont follow economies of other countries so I wont comment but on Russia and India

    I would rate Russia 4/10 and India 4/10

    Because the main reason of the crisis these countries are in is due to bad economic policies and lack of structural reforms.

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    Re: Russian Economy General News: #2

    Post  Werewolf on Fri Feb 21, 2014 3:40 am

    I don't understand why you would rank countries with such high debts in your ranking so high.
    The US and western world live in denial first stage of grief of their own collapse.

    Why ranking them so high when it is evident that this amount of debts is bankrupting the entire nation, they can never be pay it back, only in case when they reduce military spending by 80% and we all know that will never happen, empires live from military occupation and constant conflicts and show offs.

    Just rating a bad buisnessman above healthier and more flowering investment partnerships just because he makes 1000$ compared to his colleagues (400$) while he is spending 10.000$ each month doesn't make him anywhere a good investment or a good "economy".

    This entire GDP per Capita nonsense is just a baseless figure, you can not pay your debts back that makes the entire  GDP worthless, regardless of how high or low it is, the only factor that plays a role for FED which owns USA is how much of this debt they gonna get back, but still are so greedy to sustain their status quo as the head of the US and its policy still pumping money out of nowhere into the systeme. He costs you more than he ever can make money eve a child can understand that he is a liability to you.

    Countries like USA,Germany can never payback their debts even though there are larger illegal points in case of Germany such as pumping the cow because off WW2 while not a single generation is still alive who has ever suffered from it, but lets milk the cow untill several centuries pass.

    It's like ranking people while others have only something like the cold and are getting better day by day, but you rate them because of their healthiness 4/10 and than you rate 7-8/10 people who are diagnost with cancer,untreated, in end stadium but you rate them higher because of a healthier look.

    sepheronx
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    Re: Russian Economy General News: #2

    Post  sepheronx on Fri Feb 21, 2014 4:30 am

    Austin wrote:
    Hannibal Barca wrote:We are in the middle of the fiercest economic war in history. All in all Russia's performance is acceptable. Let me rate:  Very Happy 

    USA       7/10
    China     9
    Japan     6
    India      7
    Germany    8
    Brazil       6
    France     5
    UK           5
    Russia       7

    I dont follow economies of other countries so I wont comment but on Russia and India

    I would rate Russia 4/10 and India 4/10

    Because the main reason of the crisis these countries are in is due to bad economic policies and lack of structural reforms.

    Such as? Russia had no choice but to clean up their banking system which will hurt them for quite some time, till other banks whom are keeping their licenses, start to help rather than not. As well, Russia state run corporations are still undergoing privatization with more to be privatized in the next couple of months, as well as many already have undergone modernization. Private enterprises are something else and technically, state cant just jump in and force change them. Some issues that were outlayed was that Russia did lose income from things like drop in energy export. Industrial made goods increased in export, but the money makers like energy had loss. What I dont get from many of you here, is none of you actually gave any ideas as to what they need to do. I cant think of much other than privatize more companies, try to create a better enviornment to start up companies in all sectors, and protect domestic manufacturing. The rest falls onto the common man. If they are not willing to support their country by purchasing goods, vacationing at home, and not using domestic banks, then no matter what the gov does, it wont save their economy and then people will cry later.

    This whole economic system is more and more looking like a game that is now rigged. How can a country running a continuous deficite and printing more money than ever, not end up like Rhodesia and still have what they considsr a growth rate? May sound tinfoil hat crazy, but I truly think its some game. But it taught me something - dont rely on exporting. Rely on domestic consumption and protect your economy that way. May not make as much money, but will help keep the country strong and safe from outside fluctuations.

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    Re: Russian Economy General News: #2

    Post  TR1 on Fri Feb 21, 2014 4:32 am

    1 problem for Russia : Corruption.
    A government that does what it wants with no judicial balance whatsoever.
    Not even gonna talk about teh Duma lol.

    sepheronx
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    Re: Russian Economy General News: #2

    Post  sepheronx on Fri Feb 21, 2014 4:39 am

    TR1 wrote:1 problem for Russia : Corruption.
    A government that does what it wants with no judicial balance whatsoever.
    Not even gonna talk about teh Duma lol.

    The one good thing about media is that it exposes a lot of the issues and is forcing the gov to make changes. If we didnt hear about $90B being lost due to black economy, I doubt they would be changing the banking system. But I dont get the sensation on blaming them that they are doing nothing though. I mean, technoparks, industrial parks and inograds do not build and fund themselves at first. But one thing that struck me odd was the push for 6T roubles for moscow expansion for the nxt 30 years. Why not the other areas whom need it much more. Moscow can easily fund itself. Same thing cannot be said about Vladovstok as example. The only city Kazan seems to be doing everything right. Their model is far better to emulate for rest of Russia.

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    Re: Russian Economy General News: #2

    Post  Werewolf on Fri Feb 21, 2014 4:44 am

    The one good thing about media is that it exposes a lot of the issues and is forcing the gov to make changes. wrote:

    If you are talking about 90% of medias you are dead wrong, they are all on governments payrolls and will not cover stories which a is not in the interest of a government or not in the interest of big companies who also own lot of news networks. The only rather reliable sources are independant news run by people who just want to inform people rather than carrying someones elses agenda just because he is the one who pays your salary.

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    Re: Russian Economy General News: #2

    Post  TR1 on Fri Feb 21, 2014 4:51 am

    Yeah Russian media sucks big time.


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    Re: Russian Economy General News: #2

    Post  sepheronx on Fri Feb 21, 2014 4:53 am

    TR1 wrote:Yeah Russian media sucks big time.


    How so? Interfax does not seem bad at all. Itar Tass seems good too. Whats bad about them?

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    Re: Russian Economy General News: #2

    Post  Austin on Fri Feb 21, 2014 2:55 pm

    Dollarization of the Russian economy falls, said Siluanov


    Significantly weakened the ruble began in late 2013 - early 2014, which led to panic among the population, which actively began buying currency. Meanwhile, Russian officials and experts have repeatedly emphasized that the store and save money's worth in the currency in which to earn and spend, and games with the exchange rate, citizens can lose more savings than earn.


    "We have reduced the level of dollarization of the economy. More and more domestic ruble is the currency and savings, and calculations. Share of foreign currency debt is very low," - said in a meeting with Siluanov investors.

    Klepatch IEG has not yet yielded assess the contribution of OI 2014 GDP growth in Russia


    The Bank of Russia in his report on monetary policy praised the contribution to GDP growth Olympiad 0.3 percent points.
    "No, we did not do" - said Klepatch, adding that making such estimates, one must always take into account what would happen if these investments were directed to other purposes.


    The total cost of preparing for the Olympics considering investments in the development of southern Russia is difficult to measure - they are around 1.3-1.5 trillion rubles, the deputy minister said. While it is not known how to use all the created infrastructure and consequently what effect it will give to the growth of GDP.


    "But there is always an alternative - what would have happened if the money had been spent on agriculture, the development of high-tech industries and more. Usually this kind of assessment on the world Olympiads and the FIFA World Cup gives a negative net contribution" - said Klepatch.

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    Re: Russian Economy General News: #2

    Post  Austin on Fri Feb 21, 2014 3:03 pm

    Ulyukayev: in the Russian economy is no stagnation, according to the results in 2014 are expected to grow by 2.5%  russia 

    The minister believes that by European standards, this growth would have been very good, not less than the average




    The Russian economy is no stagnation, according to the results in 2014 are expected to grow by 2.5%. At a press conference, said Economic Development Minister Alexei Ulyukayev.

    You can not get out of that which is not, - said Ulyukayev, answering the question, the Russian economy will come out of stagnation. - There is slow growth." The minister believes that the European measures growth would be very nice, not below average.


    "This year we expect a GDP growth of about 2.5%," - said Ulyukayev. Nevertheless, he admitted that at the moment we can not say that formed the growth trajectory.

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    Re: Russian Economy General News: #2

    Post  Viktor on Sat Feb 22, 2014 4:52 pm

    Another major event in preparation - F1  russia 

    Ready for the Grand Prix of Russia wholly

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    Re: Russian Economy General News: #2

    Post  Austin on Tue Feb 25, 2014 8:10 am

    Make a great listening for every one ...longish but worth it

    David Stockman: The Great Deformation - May 29, 2013


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    Re: Russian Economy General News: #2

    Post  Viktor on Tue Feb 25, 2014 2:24 pm

    Befenits of weaker rubble

    Weak Ruble Could Push Russian Budget Into Surplus – Report

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    Re: Russian Economy General News: #2

    Post  Austin on Tue Feb 25, 2014 3:25 pm

    Yes but to a point , the imports will get expensive which means they will have to spend more $$$

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    Re: Russian Economy General News: #2

    Post  Viktor on Wed Feb 26, 2014 4:49 pm

    Austin wrote:Yes but to a point , the imports will get expensive which means they will have to spend more $$$

    But for that very same reason they should rely more on domestic production while at the same time getting money in foreign currency from oil and gas Very Happy 

    Anyway, something BIG is brewing between India and Russia

    Rogozin says Russia-India oil pipeline project is possible

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    Re: Russian Economy General News: #2

    Post  GarryB on Wed Feb 26, 2014 9:08 pm

    Yes but to a point , the imports will get expensive which means they will have to spend more $$$

    Making domestic products more attractive on the domestic and export market is a good thing too.


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    Re: Russian Economy General News: #2

    Post  sepheronx on Thu Feb 27, 2014 2:10 am

    If rouble is weaker and tarrifs are still high, then it is more profitable to open an assembly plant or manufacturing plant in Russia than it is to try and export your goods to it. As well, with it being done in Russia, you have more access to CIS countries.

    Russian economics minister outlines sources of economic growth in Russia in 2014-2015

    MOSCOW, February 27, /ITAR-TASS/. Russian Minister of Economic Development Alexei Ulyukayev has outlined sources of economic growth in Russia in 2014-2015.
    “First, the role of consumer demand will stay in place,” he said in an interview with the Rossiiskaya Gazeta daily published on Thursday. “We hope that real incomes of the population and retail trade will develop at the rates close the current ones, i.e. by about four percent. But more important, we hope for a considerable investment growth.”
    “This year, we hope for an extra growth of four-percent and plan to reach a level of 5.6-6 percent in a span of three years. We plant to do that by means of creating better conditions for private capital and possibilities for businessmen. We shall focus on promoting partnership between the state and private businesses; the concession system, which guarantees investors access to public infrastructure; cost cutting mechanisms through quality regulation of natural monopolies’ tariffs; support to small and medium-sized businesses; support of non-raw materials exports; lifting infrastructure restrictions, primarily in the areas of transport and energy, which check economic growth, including by means of investments from the National Welfare Fund and from other sources. This is a set of instruments we are now using to achieve results,” he said.

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