Page 2 of 2 FirstFirst 12
Results 11 to 17 of 17

Thread: Russia Plans Deep Budget Cuts as Revenues Drop

  1. #11
    Sage
    Hatuey's Avatar
    Join Date
    Oct 2006
    Last Seen
    Today @ 03:22 AM
    Gender
    Lean
    Moderate
    Posts
    42,081

    Re: Russia Plans Deep Budget Cuts as Revenues Drop

    I'm just savoring all of this. The Putin cheerleaders in the American right were parading through the forum a few months ago claiming that Putin "owned" Obama. How Putin was a much stronger leader and Obama was just his bitch. It's mighty silent from that crowd these days.
    I refuse to accept the view that mankind is so tragically bound to the starless midnight of racism and war that the bright daybreak of peace and brotherhood can never become a reality. - MLK

  2. #12
    Guru

    Join Date
    Feb 2014
    Last Seen
    12-12-17 @ 11:27 AM
    Gender
    Lean
    Conservative
    Posts
    3,899

    Re: Russia Plans Deep Budget Cuts as Revenues Drop

    Quote Originally Posted by DDD View Post
    Or just gives up Crimea and starts cooperating with us. I for one hope the economy cripples Putin to the degree that Russia recognizes Dardania
    My guess is that the EU will consider Crimea a seperate issue from east Ukraine. As a result, most of the sanctions will end if Putin withdraws Russian military units from east Ukraine and stops stops sending mercenaries, volunteers and "volunteers". As for Crimea, all Russia may need to do is offer a fair referendum, which they will still win, though not at the claimed 99% rate of their last "referendum".

  3. #13
    Sage

    Join Date
    Jul 2013
    Last Seen
    Today @ 11:00 AM
    Lean
    Independent
    Posts
    43,409

    Re: Russia Plans Deep Budget Cuts as Revenues Drop

    Quote Originally Posted by Kobie View Post
    I'm curious as to how far Russia's economy can tank, largely from outside influences, before Putin does something rash.
    He doesn't need much provocation.
    It was doing fine and the jerk did something rash.

  4. #14
    Sage

    Join Date
    Jul 2013
    Last Seen
    Today @ 11:00 AM
    Lean
    Independent
    Posts
    43,409

    Re: Russia Plans Deep Budget Cuts as Revenues Drop

    Quote Originally Posted by Simpleχity View Post
    Hollande does, but not Merkel. She understands what is at stake.
    She certainly is more reassuring that Chirac or Schröder were or Holland is. But she is as much a loose canon the first two and quite dangerous. Don't underestimate her.

  5. #15
    Banned
    Join Date
    Jan 2012
    Location
    Where I am now
    Last Seen
    09-11-17 @ 03:00 AM
    Gender
    Lean
    Independent
    Posts
    16,386

    Re: Russia Plans Deep Budget Cuts as Revenues Drop

    Quote Originally Posted by Simpleχity View Post
    Russia Plans Deep Budget Cuts as Revenues Drop



    Just two weeks ago in a nationwide address, Putin said state spending would not be cut. Reality prevails. Economists expect inflation in Russia to reach 17% by spring. Russia's global credit rating will probably be reduced to junk status within a week. The junk rating will cost Russia another ~$30 billion dollars. Without a huge infusion of rubles, bank bankruptcies are expected to spiral within the coming months.
    At least they know how to handle economic downturn...with at least some sound, proven ideas - raise interest rates to curtail inflation and cut spending.

    The rest of the world (especially Japan, America and the EU) could learn this from Putin. Unfortunately, the macroeconomic morons who run their governments/central banks wouldn't know how to properly run an economy if their lives depended on it.

    How do the morons in the west handle economic downturn?

    They ramp up spending to try and 'stimulate' their way out of the mess and skew the inflation/unemployment numbers to make things look better then they are.
    The inevitable result is an eventual collapse of the economy and a much worse problem then before the government started meddling.

  6. #16
    Invictus


    Rogue Valley's Avatar
    Join Date
    Apr 2013
    Last Seen
    @
    Lean
    Independent
    Posts
    10,161

    Re: Russia Plans Deep Budget Cuts as Revenues Drop

    Quote Originally Posted by DA60 View Post
    At least they know how to handle economic downturn...with at least some sound, proven ideas - raise interest rates to curtail inflation and cut spending.
    The Russians are stumbling and bumbling. By spring of 2015, analysts expect inflation to hit 17%. If the interest rate (17%) doesn't come down soon...

    Russia faces wave of bankruptcies if interest rates don't fall


    Be polite, be professional, but have a plan to kill everybody you meet. -- Marine Corps General James 'Chaos' Mattis

    Repeal and Replace Trump.

  7. #17
    Sage

    Join Date
    Dec 2011
    Location
    Florida
    Last Seen
    Today @ 04:59 AM
    Gender
    Lean
    Liberal
    Posts
    23,387

    Re: Russia Plans Deep Budget Cuts as Revenues Drop

    Quote Originally Posted by joG View Post
    He doesn't need much provocation.
    It was doing fine and the jerk did something rash.
    What goes around comes around. It could not happen to a more worthy "world leader" I hope he chokes on his oil.

Page 2 of 2 FirstFirst 12

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •