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re: Hat's off to Putin - he knows what he is doing
Posted on 3/4/14 at 11:39 am to Mid Iowa Tiger
Posted on 3/4/14 at 11:39 am to Mid Iowa Tiger
quote:
He is working in his and and his country's interest
How has he ever worked in the interest of Russia? Have you not noticed the sorry state of affairs there? The jailing and murder of dissidents, the rampant corruption....it's a kleptocracy. He acts only in his and the oligarchs best interest.
And in regard to Ukraine...he thought he had purchased the prev government only to have that plan explode in his face...now he's in a precarious position. Additionally the ethnic Russians are pretty clear they don't want Russian rule.
Posted on 3/4/14 at 11:41 am to cwill
quote:
He acts only in his and the oligarchs best interest.
Kind of like Obama
Posted on 1/23/15 at 1:36 pm to cwill
I do not get the suggestion that Putin is winning.
His economy is in tatters. inflation through the roof. cost of vodka now in price control.
BLOOMBERG:
& as cwill notes, things are not going as planned in Crimea.
I think its fair to ask who the next Russian leader is going to be.
His economy is in tatters. inflation through the roof. cost of vodka now in price control.
BLOOMBERG:
quote:
An increasingly toxic mixture of high interest rates, spiraling inflation and plunging oil means Russian banks will probably need a lot more than the $18 billion set aside last year to protect against bad loans.
Russia is facing an “extremely widespread” banking crisis in 2015, and lenders may need to boost provisions for souring debts to $50 billion should oil stay in the mid-$40s, according to Herman Gref, the head of the nation’s biggest lender, OAO Sberbank. That’s after banks increased reserves by 42 percent last year, compared with 27 percent in Turkey and 7.5 percent in Poland in the first 11 months, official figures show.
Seven of Russia’s 10 worst-performing bonds this year are from banks as policy makers raised rates by the most since 1998 to shore up the ruble, whose 47 percent slide over the past 12 months deepened the burden of loan payments for consumers and businesses. With the economy foundering after crude’s decline and sanctions over Ukraine, the ratio of bad debt will double from the third quarter of 2014 to as much as 13 percent by year-end, according to Liza Ermolenko at Capital Economics in London.
& as cwill notes, things are not going as planned in Crimea.
I think its fair to ask who the next Russian leader is going to be.
This post was edited on 1/23/15 at 1:38 pm
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