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    Russian Economy General News: #5

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    Austin
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    Re: Russian Economy General News: #5

    Post  Austin on Fri Aug 21, 2015 6:49 am

    I wonder of new round of fight errupts in Ukraine as most are predicting , with EU/US apply new round of sanctions on Russia and what can be expected ?

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    Re: Russian Economy General News: #5

    Post  sepheronx on Fri Aug 21, 2015 6:52 am

    Well, whatever it is, wont be anything damaging unless they decide to kick out Russia from SWIFT, which will have a ripple effect anyway.

    Band civil airline components?  Well, that may end up being last straw really.  I think America drew its hands too early in this.  They started off big with the oil companies and banking, the two major sectors of Russia's economic development that is harder to implement counter moves. Third is Russia's defense industry, which has already been hit with sanctions too. And that is already nearly half of Russia's industrial base. They could end up banning automotive to be built in Russia, but that means the automotive companies in USA will lose out as there are plenty others willing to move in (and already they are moving out due to reduced demand).

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    Re: Russian Economy General News: #5

    Post  Dforce on Fri Aug 21, 2015 8:27 am

    The ban of foreign foodstuffs are rigidly enforced:



    russia

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Fri Aug 21, 2015 8:53 am

    Wait a moment. How is a 35 billion dollar economy going to cope with a 1.5bln loss and only have only 1,7%GDP dip. Unless I read this backwards. It looks like the Latvian state rail will actually fire about half its staff including many in the filials (about 12K people). Jesus looks like a freaking cataclysm.

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    Re: Russian Economy General News: #5

    Post  Prince Darling on Fri Aug 21, 2015 10:54 am

    lol i laughed at that 90s fat "gangster" why would anyone put such a guy on tv is beyond me

    Austin
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    Re: Russian Economy General News: #5

    Post  Austin on Fri Aug 21, 2015 11:21 am

    Putin Aide Who Called Shock Rate Cut Sees Pause Near $40 Oil

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    Re: Russian Economy General News: #5

    Post  Austin on Fri Aug 21, 2015 11:24 am

    I think any new sanctions would now cover the other areas that remains untouched like Civilan Airline Industry or other industry not covered by sanction.

    I dont think they will block Russia from SWIFT unless Russia officially takes part in bombing Ukraine from its Airforce etc

    The current economic system is so skewed in Favour or west that there is precious little Russia could do to retliate but rather save on its energy to minimize the impact.

    Reason I want china to grow and become a counterweight to the West.

    The current regiem be it EU , Brits or Japan are just puppet of US

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    Re: Russian Economy General News: #5

    Post  Austin on Fri Aug 21, 2015 11:24 am

    Putin Aide Who Called Shock Rate Cut Sees Pause Near $40 Oil

    sepheronx
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    Re: Russian Economy General News: #5

    Post  sepheronx on Fri Aug 21, 2015 1:18 pm

    I imagine they will drop interest rate to 8% - 10% for economic growth as rouble devaluation hasnt caused an inflation spur. Whomever is in charge of this policy needs to end up working at Russian McDonalds or something cause Roubles devaluation shouldnt be their concern, but inflation. Now even Kazakhstans president even knows this by allowing the free float.

    BTW, CBR is already increasing its reserves:

    http://tass.ru/en/economy/815503

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    Re: Russian Economy General News: #5

    Post  Karl Haushofer on Fri Aug 21, 2015 1:49 pm

    higurashihougi wrote:Now THAT is what we should call as "sanction"

    http://sputniknews.com/business/20150820/1025965325.html

    Latvian GDP Could Contract by 1.7% Due to Russian Coal Transit Termination. In a worst case scenario, should the suspension continue indefinitely, some 75,000 Latvian workers could become unemployed, according to the study.
    I smell something rotten here.

    Isn't 75,000 something like 10-15% of entire Latvian workforce?

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    Re: Russian Economy General News: #5

    Post  PapaDragon on Fri Aug 21, 2015 10:39 pm


    "Russia plans to ban imports of fish from 14 farms in Norway to Customs Union"

    http://tass.ru/en/russia/815831


    "Japan wants to develop special economic zones in Siberia and Far East''

    http://tass.ru/en/economy/815790

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Sat Aug 22, 2015 11:34 am

    Karl Haushofer wrote:
    higurashihougi wrote:Now THAT is what we should call as "sanction"

    http://sputniknews.com/business/20150820/1025965325.html

    Latvian GDP Could Contract by 1.7% Due to Russian Coal Transit Termination. In a worst case scenario, should the suspension continue indefinitely, some 75,000 Latvian workers could become unemployed, according to the study.
    I smell something rotten here.

    Isn't 75,000 something like 10-15% of entire Latvian workforce?

    Rather 15% yes. That's the terminal result. The immediate result might be half of the staff at Lsz and probably most of the daughter companies would be hit in same fashion (about 10/12K worth of jobs).

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    Re: Russian Economy General News: #5

    Post  Regular on Sat Aug 22, 2015 12:41 pm

    Dforce wrote:The ban of foreign foodstuffs are rigidly enforced:



    russia
    WTF is this guy, Kingpin?
    Not sure if serious or not. Wouldn't surprise me if it is dunno

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Sat Aug 22, 2015 7:39 pm

    Regular wrote:
    Dforce wrote:The ban of foreign foodstuffs are rigidly enforced:



    russia
    WTF is this guy, Kingpin?
    Not sure if serious or not. Wouldn't surprise me if it is dunno

    Looks clearly humour hour done by idiots and filmed by cunts.

    Illegal bullshit from Russian stereotypes. Almost as bad as the Ukropian version last year.

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    Re: Russian Economy General News: #5

    Post  magnumcromagnon on Sun Aug 23, 2015 11:33 pm

    Altyn, the new Eurasian currency - the best answer to currency crisis

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    Re: Russian Economy General News: #5

    Post  higurashihougi on Mon Aug 24, 2015 2:21 am

    https://meduza.io/en/news/2015/08/20/russia-s-textile-industry-wants-eu-clothes-destroyed-just-like-the-food-imports

    Russia’s textile industry wants EU clothes destroyed, just like the food imports

    In the midst of Russia’s campaign to destroy food illegally imported from the EU, Russian textile workers have voiced concerns about clothes smuggled from Europe. The Russian Association of Textile Workers has sent a letter to President Vladimir Putin asking him to sign a decree on destroying all textile products and consumer goods smuggled into Russia from the EU. The letter proposes the destruction of such products both at Russia's border, and at retail and storage locations—wherever they're discovered and confiscated.

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    Re: Russian Economy General News: #5

    Post  Dforce on Mon Aug 24, 2015 2:51 am

    higurashihougi wrote:https://meduza.io/en/news/2015/08/20/russia-s-textile-industry-wants-eu-clothes-destroyed-just-like-the-food-imports

    Russia’s textile industry wants EU clothes destroyed, just like the food imports

    In the midst of Russia’s campaign to destroy food illegally imported from the EU, Russian textile workers have voiced concerns about clothes smuggled from Europe. The Russian Association of Textile Workers has sent a letter to President Vladimir Putin asking him to sign a decree on destroying all textile products and consumer goods smuggled into Russia from the EU. The letter proposes the destruction of such products both at Russia's border, and at retail and storage locations—wherever they're discovered and confiscated.

    And our man is on the ball:


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    Re: Russian Economy General News: #5

    Post  PapaDragon on Mon Aug 24, 2015 3:07 am

    Dforce wrote:
    higurashihougi wrote:https://meduza.io/en/news/2015/08/20/russia-s-textile-industry-wants-eu-clothes-destroyed-just-like-the-food-imports

    Russia’s textile industry wants EU clothes destroyed, just like the food imports

    In the midst of Russia’s campaign to destroy food illegally imported from the EU, Russian textile workers have voiced concerns about clothes smuggled from Europe. The Russian Association of Textile Workers has sent a letter to President Vladimir Putin asking him to sign a decree on destroying all textile products and consumer goods smuggled into Russia from the EU. The letter proposes the destruction of such products both at Russia's border, and at retail and storage locations—wherever they're discovered and confiscated.

    And our man is on the ball:


    He'll have to do lot better if he wants that US passport and he won't be getting it with this weak shit. He's gotta do some serious time in the slammer first, otherwise he is staying put as resident retard... lol1

    That fat cherry needs to be popped in exchange for the green card. Twisted Evil

    Austin
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    Re: Russian Economy General News: #5

    Post  Austin on Mon Aug 24, 2015 10:40 am

    Inflation figures for Russia real time

    http://www.bloomberg.com/quote/RUCPIYOY:IND

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    Re: Russian Economy General News: #5

    Post  sepheronx on Mon Aug 24, 2015 1:42 pm

    Austin wrote:Inflation figures for Russia real time

    http://www.bloomberg.com/quote/RUCPIYOY:IND

    Site doesnt load properly for me. But if it isnt sourced by rosstat, then I wouldnt believe it. Very rough graph imo as it only shows the inflation of general. Not broken down by products/types.  As well, Bloomberg is becoming less trustworthy with their flip floping articles and the fact it is owned by the New York mayor (whom has the same last name - bloomberg. A cokehead to add to it too).

    As for oil going down, that would be bad for both Iran and Saudi Arabia even more. I doubt it would go that low as they would effectively shoot themselves in the foot.  There is a very low consumption rate of oil, so that is going to drive down prices. Only thing I can see as a viable reason to pump more is to store it later (when currency value is worth less thus labour is cheaper and various technologies) then store it, then wait till it jacks up, their currencies jack up and all of a sudden, they can sell oil for more than they would have gotten before, and then gain more compared to costs of extraction. But there are flaws in that and I dont necessarily understand it.

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    Re: Russian Economy General News: #5

    Post  sepheronx on Mon Aug 24, 2015 2:29 pm

    This coming september is going to be......interesting. If US does indeed increase interest rates, their currency is going to decline. What is speculated is that everyone is going to get messy. With oil dropping and everyone still pumping, I imagine economic activity id going to get worst - everywhere.

    Russia at this point really needs to prevent their idiot economists from stopping the drop in interest rates. Cause they will now seriosuly have to move to a domestic consumption based economy, and that will require cheaper loans for people to start up shop.

    There are not many other options, as this whole structure the west invented that so many joined (including Russia) has its foundations starting to crack a while ago and the roof is going to collapse. Since Russians themselves have lived through tough times, they are more prepared. But to help coushin the blow, Russia will seriously need to re-orientate the economy.

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    Re: Russian Economy General News: #5

    Post  Austin on Mon Aug 24, 2015 2:47 pm

    Well wait for few days to see how China and US stock performs.

    Last year and this Russia has been a ridicule of Western Analyst on their Economy and Stock Market , Lets see what Fate has in store for Western Stock now.

    ITs going to be blood bath for few days

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    Re: Russian Economy General News: #5

    Post  Neutrality on Mon Aug 24, 2015 2:50 pm

    Today is already being labeled "Black Monday" for China. Just check the global stocks, it's a bloodbath out there. American stocks are going down like crazy. It seems the crisis started before September 15th Laughing

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    Re: Russian Economy General News: #5

    Post  sepheronx on Mon Aug 24, 2015 2:54 pm

    Everyones stock market is in the red. Which doesnt say much as stocks decline on word of someone farting.

    And in news:
    http://m.ria.ru/economy/20150824/1204130695.html?rubric=economy

    This guy is correct. Interest rates need to drop cause the rouble is going to decline anyway, regardless (look at it now even with high interest rates. CBR screwed up and rouble is declining anyway), so there needs to be far more support in domestic investments and ease of credit in the Russian economy. Let the rouble dive, since the rouble is used for internal matters anyway and Russia is an export driven economy. So they will still obtain money through its exports. But if oil drops to $30 a bbl, and rouble drops but interest rates goes up, how long do they plan to let that last? I dont think CBR is thoroughly looking at this issue and simply sees rouble devalue = need to intervene.  Point of free floating is to let it free float. Not hurt your own economy to "save" an export driven currency......

    This is the only thing worrying me about Russias economy. Is its own retards. Economists are such simple minded people and follow a one track mind, and dont realise that increasing interest rates or keeping them high will prevent companies from obtaining loans will stunt production and stunt import substitution, thus increasing inflation since they will have to rely on imports.

    It is all connected but CBR retards dont seem to understand that.

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    Re: Russian Economy General News: #5

    Post  Vann7 on Mon Aug 24, 2015 6:10 pm

    sepheronx wrote:Everyones stock market is in the red. Which doesnt say much as stocks decline on word of someone farting.

    And in news:
    http://m.ria.ru/economy/20150824/1204130695.html?rubric=economy

    This guy is correct. Interest rates need to drop cause the rouble is going to decline anyway, regardless (look at it now even with high interest rates. CBR screwed up and rouble is declining anyway), so there needs to be far more support in domestic investments and ease of credit in the Russian economy. Let the rouble dive, since the rouble is used for internal matters anyway and Russia is an export driven economy. So they will still obtain money through its exports. But if oil drops to $30 a bbl, and rouble drops but interest rates goes up, how long do they plan to let that last? I dont think CBR is thoroughly looking at this issue and simply sees rouble devalue = need to intervene.  Point of free floating is to let it free float. Not hurt your own economy to "save" an export driven currency......

    This is the only thing worrying me about Russias economy. Is its own retards. Economists are such simple minded people and follow a one track mind, and dont realise that increasing interest rates or keeping them high will prevent companies from obtaining loans will stunt production and stunt import substitution, thus increasing inflation since they will have to rely on imports.

    It is all connected but CBR retards dont seem to understand that.


    IS too early to judge Central Bank of RUssia.. Putin do have some control with the so called
    "private independent bank" that give half of its profits to the Russian Government... The Russian Banks actions have to be carefully planned taking into account every possible pro and cons... of every decision they make.. They raised the interest to cut the hands of speculators ,who were making loans with Russia to buy Dollars.Also to lower the inflation . the American top independent economy professors from US universities ,do have Books of Economy with examples that recommend countering inflation with a high interest rate of 17. And from there
    the head of Russia Central Bank took the hint and it worked..

    Russia also have a problem of an imminent war with Ukraine withing hours ,days or weeks..
    so what will the right actions for Russia Central Bank to take if they feel a war is about to start?
    In WAR ,where there is a risk of major damage to your economy ,no matter how good was your economy , your currency value will flop to the floor and Gold is usually the only safe thing used to trade.. Russia also have reserves in Euros.. So to propertly judge Russian central Bank you need to look at all angles and perpectives.. There were many so called "economist" /"putin finance advisors" recommending Russia to start controlling and manipulating its currency something that creates Panic and doubts on that nation economy..

    If you step aside and look from distance ,you will realize that Economy of any nation , a big part
    of its performance is Largely based on something called "perception".. investors perceptions..
    This is why China experienced a major down their stocks.. because they provoked a major panic
    on investors with China major artificial devaluation of its currency.

    SO fear , something that is not something physical and you can't measure ,plays a major
    Role in any nation economy. when majority of people no longer have faith in their nation economy or their government ,that nation sinks to the button.

    And this is why.. Western media is used heavily ,like a weapon to promote the "collapse of Russia economy" , "its downfall" , "the overthrow of Putin". In RT you see the same trolls again and again in every topic or news... saying and repeating how Ruble is "worth of toilet paper" and "how Putin is doomed" and "his end". Is kind of pathetic how you see the same people in a major crusade in all RUssian media trying to convince anyone that Russia is doomed and will cease to exist and will be divided between Ukraine , NATO baltics ,Findland and China. Laughing

    Promoting doubts and fear through major news Outlets is the most effective way to
    scare potential investors in any nation economy.. Demonizing the country too and financing
    terrorist to attack is tourism industry is another tactic ,and of course Sanctions too.

    US and Saudi Arabia are on an economic war against Russia make no mistake ,and they are
    so desperate into destroy their economy ,that they are able to sacrifice their own.. thinking
    that Russia will be the one that will suffer more. Getting rid of Russian Debt and investing on
    its local industry in a full foreign products substitution.. in the things more important for Russia economy is the way for Russia in my opinion out of the conflict.


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