Oh Jesus is Russia's economy screwed here - how stupid is this guy Putin.

[winetourdriver01]

I really think you should listen to this guy out of Yale because he is surely right.

Russia is so screwed — Putin or no Putin — they are so toast now. He killed Russia single handedly.
Cutting to the thrust of this — you don’t have to be a f-cking genius to figure out that a country with — maybe — the GDP of Italy could ever last long against against the combined economic power of at least 50 top tier countries simultaneously. You know? I think it is his main point.

He is right too in saying it is a good thing that Russia has to sell its oil to China or India at these prices because they lose money on every single barrel of oil they sell. I know that is true.

Read more:

https://www.dailykos.com/stories/2023/3/5/2156402/-Oh-Jesus-is-Russia-s-economy-screwed-here-how-stupid-is-this-guy-Putin-Breathtaking-to-me?pm_source=story_sidebar&pm_medium=web&pm_campaign=recommended

[moondust]

1. Prof. Sonnenfeld

has been on MSNBC lately and maybe some CNN. Glad he's paying attention.

[NotANeocon]

2. Putins stupidity -

- varies directly with his supply of nukes. Duck n cover!

[Iggo]

5. Nah, still stupid either way.

Nukes don’t make him smart.

[former9thward]

3. People have been saying this for a year now.

And it has not proved true. The link at the OP does not offer any evidence for its claims. Just "I know this is true".

[mucifer]

4. No there is actual research :

https://cepa.org/article/sanctions-against-russia-are-more-effective-than-skeptics-suggest/


https://som.yale.edu/story/2022/over-1000-companies-have-curtailed-operations-russia-some-remain

[former9thward]

8. Uhh no.

Neither of those links comes close to what the OP claims which is the Russian economy is "dead". The ruble is as strong as ever. In fact it is up 46% against the dollar since the sanctions were installed.

https://www.google.com/finance/quote/RUB-USD?sa=X&ved=2ahUKEwjKmK3k4Mf9AhVZK0QIHSFgCQoQmY0JegQIBhAd&window=1Y

[mucifer]

10. That's all re reporting of Russian government stats

[former9thward]

11. Ahh no

That is what the global currency investor marketplace reports. Nothing to do with the Russian government.

[mucifer]

12. Please read this:

But then, as the war dragged on, something strange happened. Media coverage noted Russia’s economy was holding up much better than expected. Key pieces of evidence included Russia’s gross domestic product only dropping 4% in the second quarter from a year earlier, and its unemployment rate hitting a record low of 3.9%.

The source for that data: Rosstat, the agency that just six months ago blacked out its economy to hinder the ability of Washington and Brussels to tell how well sanctions were working.

“The quality of the data is falling off a cliff,” says Robin Brooks, chief economist at the Institute of International Finance, a Washington-based global association of financial firms.

https://www.wsj.com/articles/russian-economic-optimism-is-based-on-suspect-data-11662111002

[brush]

6. Putin was never brilliant. He was an undistinguished KGB agent...

Last edited Mon Mar 6, 2023, 03:59 AM - Edit history (1)

before lucking out after retiring from spying and entering politics as only a deputy mayor of St. Petersburg. He was called to Moscow when the mayor lost reelection, and there was involved in the property management office...moving assets from the former Soviet Union into the new Russian Federation then headed by Boris Yeltsin. Yeltsin, with health problems from years of boozing, unexpectedly resigned in 1999 and Putin, now a PM appointed by an impressed Yeltsin, became acting-president...right place at the right time, knowing all the ends-and-outs of the state's properties and oligarchs involved.

His reputation for brilliance came about when he was portrayed as such by the western press as he was able to manipulate and groom the not-so-smart, new American president Donald trump. The rest is history, and here we are.

His luck will run out in Ukraine as Russia is not faring well in the unprovoked war it started.

[PortTack]

7. Just saw a post on YouTube about this. Putin was never some super sleuth. In fact he started

Out as the coffee boy

[Hortensis]

9. Even Russia experts at the IMF admit they have "basic zero visibility" into

much that's happening in Russia's economy. But, as the IMF's report itself warns, they are required to produce forecasts regardless of the quality of data available.

If they don't know, I don't.

So far Russia appears, from what we can eyeball, to have come through the sanctions, loss of energy markets, and winter pretty well, including its middle class. Although it's talked as if maximal actions (requiring big expenditures) were being taken both in Ukraine and domestically, that's not observed to have been the case either in the war or in preparing the nation for it, including the threatened second wave of a national draft.