Thread: fear

Originally Posted by hddscan

Some conclusions:
1. It does not mean that inflation should be the only measurement tool but it's one of them
2. Russian central bank spent billions of dollars to support ruble value on external market and it's costly
3. Current situation with sanctions and oil prices makes it unreasonable for Russia to continue spending billions of dollars to support ruble
4. Now it is time to make some corrections in ruble value and it will be going down
5. People should be thankful that 1 USD is not 70 RUR

There's nothing out there that supports your statements, though.

Most economic/financial reports indicate Russia is heading for recession and further devaluation of the ruble. This isn't some inevitable correction. It's a number of economic problems worsening or being exacerbated because of the sanctions and oil prices decreasing. Also, one article I posted presented the point about exports/imports in which Russia is losing at that game even when you factor in Russia's (gas).

(Deleted. L.) I don't if the 80% approval rating for Mister Putin is accurate but regardless of what it really is now, I suspect that will be on its way down in the near future. Even with propaganda, there will come a point in which Russians notice the problems when they become directly applicable and the 'blame on the West' will eventually get old. Especially, when Putin and friends still occupy their considerable wealth.

http://www.theguardian.com/world/201...ssion-currency
http://www.ibtimes.co.uk/who-are-win...llapse-1473356
http://www.bloombergview.com/article...nancial-crisis