
Correcting stupid people is a full time job...

GarryB wrote:Nice to see Zivo fighting the good fight still....
Correcting stupid people is a full time job...
miketheterrible wrote:We have an Indian moron who thinks that gun stabilization on the armata is terrible this M1A1 is better tank. Lol
He was out in his place by someone talking about the fire control system.
https://twitter.com/VinodDX9/status/1177255553841582080?s=19
-Equipment: 40 T-72B3 MBTs, 1 T-72BK battalion commander's MBT, 159 MT-LB APCs, 11 BTR-80 APCs, 4 BRDM-2 armored scout cars, 36 2S3 Akatsiya 152mm self-propelled howitzers, 18 BM-21 Grad MLRS systems, 12 2B16 Nona-K 120mm towed mortars, 12 MT-12 Rapira 100mm towed AT guns, 27 9K38 Metis portable ATGMs, 12 9P149 Shturm-S self-propelled ATGM systems, 12 9K331 Tor-M2U SAM systems, 6 9K34/35 Strela-10 SAM systems, 6 2S6M Tunguska SAM/SPAAG systems, 27 9K38 Igla shoulder-launched SAMs
calripson wrote:Russia is the only major economy that has a government debt to GDP ratio of circa 15%: most major economies are over 100%. Business and personal debt levels are also at least 1/3 of other major economies. Additionally, at current oil prices Russia runs a surplus of over $2 billion per month - adding to what should be a reserve fund balance approaching $150 billion (if it is not stolen or mismanaged).
Major economies including Germany and Japan now borrow at negative interest rates - they get paid to borrow money!
Basket case economies like Greece and Italy borrow at effectively zero.
Unfortunately for Russia, they got kicked out of the party - that was one of the major goals of the whole Ukrainian set up - to cut Russia off from the funny money printing press via sanctions.
Putin knowing this listens to his economic team. He wants a buffer in case oil prices tank.
It is a self-defeating and growth limiting approach. Much like many of their half-measures in demographics, it is too timid and will not fundamentally change the underlying reality.
dino00 wrote:The first batch of Armata tanks will enter the troops in late 2019 - early 2020
The head of Rostec, Sergey Chemezov, said that the preparation of production is being completed, a pilot batch has been manufactured
DUBAI / UAE /, November 19. / TASS /. The first experimental-industrial batch of the new generation T-14 Armata tanks will enter the Russian Armed Forces in late 2019 - early 2020, Rostec head Sergei Chemezov told the TASS on the sidelines of the Dubai Airshow 2019.
"At present, production preparation is being completed, a pilot batch has been manufactured. Its delivery to the Armed Forces of the Russian Federation will take place in late 2019 - early 2020," Chemezov said.
https://tass.ru/armiya-i-opk/7150025
Russia is the only major economy that has a government debt to GDP ratio of circa 15%: most major economies are over 100%. Business and personal debt levels are also at least 1/3 of other major economies. Additionally, at current oil prices Russia runs a surplus of over $2 billion per month - adding to what should be a reserve fund balance approaching $150 billion (if it is not stolen or mismanaged).
Major economies including Germany and Japan now borrow at negative interest rates - they get paid to borrow money!
Basket case economies like Greece and Italy borrow at effectively zero.
Unfortunately for Russia, they got kicked out of the party - that was one of the major goals of the whole Ukrainian set up - to cut Russia off from the funny money printing press via sanctions.
Putin knowing this listens to his economic team. He wants a buffer in case oil prices tank.
It is a self-defeating and growth limiting approach. Much like many of their half-measures in demographics, it is too timid and will not fundamentally change the underlying reality.
GarryB wrote:Russia is the only major economy that has a government debt to GDP ratio of circa 15%: most major economies are over 100%. Business and personal debt levels are also at least 1/3 of other major economies. Additionally, at current oil prices Russia runs a surplus of over $2 billion per month - adding to what should be a reserve fund balance approaching $150 billion (if it is not stolen or mismanaged).
Major economies including Germany and Japan now borrow at negative interest rates - they get paid to borrow money!
Basket case economies like Greece and Italy borrow at effectively zero.
Unfortunately for Russia, they got kicked out of the party - that was one of the major goals of the whole Ukrainian set up - to cut Russia off from the funny money printing press via sanctions.
Putin knowing this listens to his economic team. He wants a buffer in case oil prices tank.
It is a self-defeating and growth limiting approach. Much like many of their half-measures in demographics, it is too timid and will not fundamentally change the underlying reality.
Sorry for off topic, but I don't know much about economics, but even I know banks don't make money on people putting their money in the bank... they make money on loans to earn them lots more money, so if western banks have negative interests rates... how are they making money?
Actually, banks absolutely do make money by people putting their money in the bank...and not just banks -that is pretty much the business model of big brokers like Schwab who have gone to zero commission trading. Very simple concept: subtract the spread you earn on your deposits less the interest you earn on your securities portfolio divided by your capital ratio and subtract your costs of running your bank. Let's say you earn 2% on U.S. treasuries and you pay depositors .5%. That's a 150 basis point spread. Assume a capital ration of 10.0% - that gives 15%. Subtract the costs of running the bank, assume 5%, and you are left with a 10% return on capital.
Their profits are as high as ever before and the bonuses and salaries they pay their managers and CEOs never go down, they only go up... perhaps someone with more knowledge on the subject can explain to me in simple terms on an economics thread...
But the point is that yes, the Russians can afford it if they want it, they are just deciding if they need it... which separates them from the west who just borrow more and just buy things they don't really even need and probably cannot use.
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