- Dec 7, 2010
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- Mar 14, 2016
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With inflation already running at 9.7%, no smart person would go down that route.Glenn_Wilson said:
- Jul 4, 2009
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....love playing fun with numbers....
....here are some interesting numbers, from the Debt to GDP department....the US of A , the uhh, gold standard of exceptional financial thingeeness has one that is around 95% ( which btw is within spitting distance of the D/G number that Greece enjoyed just before it went kablooee )....whereas that generally acknowledged financial basket case, Russia, has D/G of around 18%....
...now, and this comes from someone who has occasionally had trouble balancing a bank book, it seems that someone has their financial house in fairly good order and the other don't....so could youse experts please help me figure out what ones is which...
Cheers
....here are some interesting numbers, from the Debt to GDP department....the US of A , the uhh, gold standard of exceptional financial thingeeness has one that is around 95% ( which btw is within spitting distance of the D/G number that Greece enjoyed just before it went kablooee )....whereas that generally acknowledged financial basket case, Russia, has D/G of around 18%....
...now, and this comes from someone who has occasionally had trouble balancing a bank book, it seems that someone has their financial house in fairly good order and the other don't....so could youse experts please help me figure out what ones is which...
Cheers
- Jul 4, 2009
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...yeah and running two ultimately useless wars that will end up costing 4 trillion dollars is sheer financial genius right ?...and how about having a military budget that is what as big as the next 10 military budgets, that there is brilliant ?...or having a medical system which has an administrative cost greater than said military budget, more smart thinking ?...or how about defining a bank system that came within a whisker of vapourizing the entire world's financial system, ooooh , more smart stuff right ?
...and like what is 50 billion these days anyway ?...two F35 fighter planes maybe ?....
Cheers
frenchfry said:
...yeah and running two ultimately useless wars that will end up costing 4 trillion dollars is sheer financial genius right ?...and how about having a military budget that is what as big as the next 10 military budgets, that there is brilliant ?...or having a medical system which has an administrative cost greater than said military budget, more smart thinking ?...or how about defining a bank system that came within a whisker of vapourizing the entire world's financial system, ooooh , more smart stuff right ?
...and like what is 50 billion these days anyway ?...two F35 fighter planes maybe ?....
Cheers
- Mar 14, 2016
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Ah, so the Russian people should forgive Putin's incompetence just because there are incompetent leaders elsewhere?blutto said:
- Jul 4, 2009
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Merckx index said:
....University of Guelph a.k.a. in these parts as Monsanto U....and btw Macleans is sort of Faux Snooze Lite with just a thin patina of leftishness to as not to embarrass the natives...
.
.....hardly things one should use to backstop a point... I mean anything carrying Mark Steyn requires a full Hazmat disposal protocol using a stunt double....
Cheers
- Jun 7, 2010
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Re:
Bah. I was writing a long reply, but got logged out.
To keep it short, debt to GDP ratio doesn't tell
1. Debt maturity
2. Interest rates
So a better indicator would be debt service costs.
For USA they would be somewhere in the region of 1.3% of GDP and for Russia about 9%.
blutto said:
Bah. I was writing a long reply, but got logged out.
To keep it short, debt to GDP ratio doesn't tell
1. Debt maturity
2. Interest rates
So a better indicator would be debt service costs.
For USA they would be somewhere in the region of 1.3% of GDP and for Russia about 9%.
- Mar 14, 2016
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- Jul 4, 2009
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Re:
...yup as clear as the day is long...though some wiseacres could possibly go old school and probably be mumbling something about calling out rank hypocrisy or something or other about glass houses but Whataboutism is just some much more slicker-like eh...and being Capitalized and all, has this 1984ish gravitas that gives it a patina not unlike a condition/syndrome/affliction like Restless-Leg-Syndrome that would have the added benefit to probably warrant the development of a new class of drug or radical intervention leading to re-education and so on and so forth...
Cheers
CheckMyPecs said:
...yup as clear as the day is long...though some wiseacres could possibly go old school and probably be mumbling something about calling out rank hypocrisy or something or other about glass houses but Whataboutism is just some much more slicker-like eh...and being Capitalized and all, has this 1984ish gravitas that gives it a patina not unlike a condition/syndrome/affliction like Restless-Leg-Syndrome that would have the added benefit to probably warrant the development of a new class of drug or radical intervention leading to re-education and so on and so forth...
Cheers
- Sep 25, 2009
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i am not an economist nor a financial pro, but will dare to say that while the us and russian economies have their own significant ills, comparing them on an apple-to-apple basis can lead astray.
the main difference in how 2 countries approach and plan their finances i see in the ability to borrow, both in the private and gov't sectors.
russia is under the sanctions and is being squeezed by the collapsed of oil/natural gas prices. so, they must run a tighter ship - reduce expenditures, raise budget deficit, improve economic efficiency or all of the above... that's what they are actually doing... clearly their domestic borrowing while the inflation (and correspondingly, interest rates) run at 10%+ is far inferior (more expensive) to borrowing from the western banks where inflation is 3 to 4 times lower. since many western banks wont lend due to sanctions, russian business look out to other lenders (china) or to their govt (to either supply rubles or raise capital by selling foreign currency they have plenty of in the reserve and sovereign funds). so the russian debt (both absolute and relative to the gdp or the state budget) is rising, but is nowhere near as ugly-looking as in the us. but neither can vlad print rubles with the same irresponsibility the the federal reserve can print $$ b/c unlike the world reserve currency - no one needs his rubles...
another big push they have been trying to implement is the so called 'import substitution'. that is, replacing wherever possible and as fast as possible imported goods and services with the domestic ones. of course, this is supposed to stimulate the economy, but depending on who one reads, the results are so far between mixed to not much, except the agree culture where they seem to have done well.
so, if we forgo the undue comparisons with the us economy, where do they stand economically ?
what i have been able to glean from various sources, is that they aren't as bad as the skeptics in the west want us to believe and they sure aren't doing as well as their state propaganda says. the economy while it seem to have bottomed, ain't growing either. neither this year, nor likely in 2017.. the inflation is definitely coming down to have likely settled at 7-8% by the year end. the unemployment is stable at around 5-6%.
the state currency reserves are still plentiful to patch over any budget holes for at least few more years. the banking system according to most western sources is healthy and improving as they let the weak institutions fail.
they don't seem able or are too slow to diversify from the primarily oil-based economy into a multi-layered one.
although, i understand the proportion of the oil-related revenue in the state budget had been sliding.
it would be fair to characterize the russian economy as 3d world if not for such peculiarities as very well developed industries in space, nuclear, defense, metallurgy...and still well educated populace.
the main difference in how 2 countries approach and plan their finances i see in the ability to borrow, both in the private and gov't sectors.
russia is under the sanctions and is being squeezed by the collapsed of oil/natural gas prices. so, they must run a tighter ship - reduce expenditures, raise budget deficit, improve economic efficiency or all of the above... that's what they are actually doing... clearly their domestic borrowing while the inflation (and correspondingly, interest rates) run at 10%+ is far inferior (more expensive) to borrowing from the western banks where inflation is 3 to 4 times lower. since many western banks wont lend due to sanctions, russian business look out to other lenders (china) or to their govt (to either supply rubles or raise capital by selling foreign currency they have plenty of in the reserve and sovereign funds). so the russian debt (both absolute and relative to the gdp or the state budget) is rising, but is nowhere near as ugly-looking as in the us. but neither can vlad print rubles with the same irresponsibility the the federal reserve can print $$ b/c unlike the world reserve currency - no one needs his rubles...
another big push they have been trying to implement is the so called 'import substitution'. that is, replacing wherever possible and as fast as possible imported goods and services with the domestic ones. of course, this is supposed to stimulate the economy, but depending on who one reads, the results are so far between mixed to not much, except the agree culture where they seem to have done well.
so, if we forgo the undue comparisons with the us economy, where do they stand economically ?
what i have been able to glean from various sources, is that they aren't as bad as the skeptics in the west want us to believe and they sure aren't doing as well as their state propaganda says. the economy while it seem to have bottomed, ain't growing either. neither this year, nor likely in 2017.. the inflation is definitely coming down to have likely settled at 7-8% by the year end. the unemployment is stable at around 5-6%.
the state currency reserves are still plentiful to patch over any budget holes for at least few more years. the banking system according to most western sources is healthy and improving as they let the weak institutions fail.
they don't seem able or are too slow to diversify from the primarily oil-based economy into a multi-layered one.
although, i understand the proportion of the oil-related revenue in the state budget had been sliding.
it would be fair to characterize the russian economy as 3d world if not for such peculiarities as very well developed industries in space, nuclear, defense, metallurgy...and still well educated populace.
- May 14, 2010
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Re:
The number dead now at 26 and expected to rise. This whole thing is depressing as hell. Brussels is in total lockdown, no public transport running, the airport shut, Eurostar train not running, museums closed, hundreds of soldiers on their way into the city, people told to stay where they are.
python said:...things look pretty bad in brussels. per the euronews latest count 22 dead and over 50 injured in the terror attacks.
The number dead now at 26 and expected to rise. This whole thing is depressing as hell. Brussels is in total lockdown, no public transport running, the airport shut, Eurostar train not running, museums closed, hundreds of soldiers on their way into the city, people told to stay where they are.
- Nov 8, 2012
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34 now reported deceased. Flemish friends are saying the airport bomber detonated at the American Airlines check in desk.
Maxiton said:python said:...things look pretty bad in brussels. per the euronews latest count 22 dead and over 50 injured in the terror attacks.
The number dead now at 26 and expected to rise. This whole thing is depressing as hell. Brussels is in total lockdown, no public transport running, the airport shut, Eurostar train not running, museums closed, hundreds of soldiers on their way into the city, people told to stay where they are.
34 now reported deceased. Flemish friends are saying the airport bomber detonated at the American Airlines check in desk.
- May 14, 2010
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It's crazy. It looks like the bomber on the metro detonated inside a crowded train. Now they're saying some of the people involved in these attacks may still be at large. A few days ago authorities discovered a huge weapons cache in an apartment in Brussels. Apparently they were planning an attack like the one in Paris. Investigators are saying some of these guys are in Belgium direct from combat in Syria.
Scott SoCal said:Maxiton said:python said:...things look pretty bad in brussels. per the euronews latest count 22 dead and over 50 injured in the terror attacks.
The number dead now at 26 and expected to rise. This whole thing is depressing as hell. Brussels is in total lockdown, no public transport running, the airport shut, Eurostar train not running, museums closed, hundreds of soldiers on their way into the city, people told to stay where they are.
34 now reported deceased. Flemish friends are saying the airport bomber detonated at the American Airlines check in desk.
It's crazy. It looks like the bomber on the metro detonated inside a crowded train. Now they're saying some of the people involved in these attacks may still be at large. A few days ago authorities discovered a huge weapons cache in an apartment in Brussels. Apparently they were planning an attack like the one in Paris. Investigators are saying some of these guys are in Belgium direct from combat in Syria.
- Mar 14, 2016
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I'm as big a cycling fan as the next guy, but the possibility of a bike race being cancelled is pretty unimportant compared with what happened in Brussels today.Martin said:
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