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re: Latest Updates: Russia-Ukraine Conflict
Posted on 5/1/24 at 3:44 pm to CitizenK
Posted on 5/1/24 at 3:44 pm to CitizenK
quote:
I'm sure that the Russian economy is booming with the interest rate from its central bank at 16%. That is public knowledge. Everyone is bitching about the Fed being at 5.5% here and how it makes funding projects too expensive.
So anyone who thinks that Russia is doing well economically is clueless as phuck. It's wrecked like a mofo.
Not saying this is the case, but higher rates in a cheaper economy in terms of raw dollars can be better than lower rates when shite is super expensive.
Kind of the inverse of this is like a high earner getting a 3.5% "cost of living' raise can actually be a significant amount of money, whereas its barely any money on a smaller paycheck.
I guess thats a lot of texts to say inflation %'s require more context that just comparing the numbers side by side
Posted on 5/1/24 at 3:57 pm to VolSquatch
you sound just like the far-left "tankies (neo-Communists)" I argue with all the time.
That doesn't give you pause?
That doesn't give you pause?
Posted on 5/1/24 at 4:32 pm to VolSquatch
I guess that you know more than investment bankers and businesses, with the business experience of signing the backs of paychecks, never the front.
Any business which doesn't include cost of money will not likely survive. Major company operating expenses are with borrowed money, even EXXON. Heck oil fields are developed with borrowed money, usually with SEC compliant securities for each development project.
Any business which doesn't include cost of money will not likely survive. Major company operating expenses are with borrowed money, even EXXON. Heck oil fields are developed with borrowed money, usually with SEC compliant securities for each development project.
This post was edited on 5/1/24 at 4:41 pm
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