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re: Russia's GDP for 2023 as reported by Jim Rickards .....over 5%

Posted on 5/29/24 at 7:30 pm to
Posted by Penrod
Member since Jan 2011
55550 posts
Posted on 5/29/24 at 7:30 pm to
quote:

This is a measure of rate of change. GDP Growth

This is getting you downvotes

We have some morons on here.
Posted by Auburn1968
NYC
Member since Mar 2019
26494 posts
Posted on 5/29/24 at 7:33 pm to
quote:

Jotato tried to use banking and economic warfare to collapse the Russian economy and Jotato failed spectacularly......very reminiscent of the Afghanistan Withdrawal Debacle.


Brandon and his Marxist hen string pullers have worked hard to ruin America's economy and productivity.
Posted by deltaland
Member since Mar 2011
102715 posts
Posted on 5/29/24 at 7:37 pm to
quote:

US debt to GDP is 130%


Yikes. This is unsustainable
Posted by LSUnation78
Northshore
Member since Aug 2012
14226 posts
Posted on 5/29/24 at 7:42 pm to
quote:

Is Russia at war?





It is better to remain silent at the risk of being thought a fool, than to talk and remove all doubt of it.
Posted by trinidadtiger
Member since Jun 2017
19985 posts
Posted on 5/29/24 at 7:43 pm to
quote:

The weaponization of our financial system against outside capital is a horrible idea. It sets a precedent that will prevent future investment.


Not to mention that US companies have 14 trillion dollars abroad, keep poking chini and have them seize some assets and watch those companies that moved offshore squeal like a deliverance actor.

By the way, no one will invest in the US soon anyway with that 44.5% corporate rate (or whatever it is) that biden is proposing.
Posted by trinidadtiger
Member since Jun 2017
19985 posts
Posted on 5/29/24 at 7:49 pm to
quote:

quote:
This is a measure of rate of change. GDP Growth

This is getting you downvotes

We have some morons on here.


I believe its because a country's GDP cant be measured as a percentage, but the growth of the GDP can. Therefore anyone who passed the fourth grade knows they are referring to growth.

And then you had to double down, bless your heart
Posted by Sofaking2
Member since Apr 2023
21236 posts
Posted on 5/29/24 at 7:51 pm to
Well I guess that’s good for the rest of the world since(according to the pro Ukraine war people) Russia is getting ready to take over the entire world, lol.
Posted by momentoftruth87
Your mom
Member since Oct 2013
86110 posts
Posted on 5/29/24 at 7:52 pm to
quote:

I wonder how much of this is due to having a mobilized war economy. Also, how much debt will russia have to get into to make it through the war and return to a post-war economy once things settle down.


One thing Russia doesn’t have is inflated MIC sucking tax dollars with ridiculous contracts that aren’t worth half of what we pay. We may drive up private companies but it’s at a huge cost. The market would be stronger here if they were in it, but that variable is only due to the above.
Posted by I20goon
about 7mi down a dirt road
Member since Aug 2013
19829 posts
Posted on 5/29/24 at 7:52 pm to
That's what happens when you drill baby drill

(And trade oil for munitions with China)
Posted by wutangfinancial
Treasure Valley
Member since Sep 2015
11959 posts
Posted on 5/29/24 at 8:01 pm to
GDP per capita is a way more useful datapoint, especially when compared to a trend derived from linear regression. Nonetheless the sanctions were never going to work because there’s too many work arounds and I called that in the OT thread on day 1. Russia is an oligarchy so of course their GDP per capita is multiples lower. It’s irrelevant to the discussion.
Posted by doubleb
Baton Rouge
Member since Aug 2006
42629 posts
Posted on 5/29/24 at 8:31 pm to
Once again you prove that you have no clue and simply can not discuss anything in an intelligent manner.
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
98060 posts
Posted on 5/29/24 at 9:05 pm to
Sorry you warriors of the OT set the standard

Go back to your safe space Z lover
Posted by Hornfully Yours
Member since Jun 2022
24 posts
Posted on 5/29/24 at 9:17 pm to
Russia's GDP is smaller than it was in 2013.

Russia's GDP is about the same as that of Texas, despite the fact that Russia has 4.7 times as many people as Texas.

Over the past three years Russia has lost around 2m more people than it would ordinarily have done, as a result of war, disease and exodus. The life expectancy of Russian males aged 15 has fallen by almost five years, to the same level as in Haiti.

There are currently 13.1 deaths in Russia for every 9 births.

Russia is a failing state.



This post was edited on 5/29/24 at 9:18 pm
Posted by narddogg81
Vancouver
Member since Jan 2012
22098 posts
Posted on 5/29/24 at 9:19 pm to
quote:

Bass Tiger
you guys sure do love Russia for some reason
Posted by Champagne
Sabine Free State.
Member since Oct 2007
55306 posts
Posted on 5/29/24 at 10:36 pm to
I think that Russia is winning the war. That's just my opinion.
Posted by Hornfully Yours
Member since Jun 2022
24 posts
Posted on 5/30/24 at 12:12 am to
quote:

I think that Russia is winning the war. That's just my opinion.



It's already lost. The question now is how long it takes them to realize it.
Posted by Cuz413
Member since Nov 2007
11240 posts
Posted on 5/30/24 at 5:53 am to
CNN: This is no more than Russian propaganda
Posted by RCDfan1950
United States
Member since Feb 2007
39683 posts
Posted on 5/30/24 at 6:00 am to
The whole US economy is now based on massive printing of money. Take that away and watch what happens. DC knows this and knows they can’t stop it. It’s a runaway train.
Posted by doubleb
Baton Rouge
Member since Aug 2006
42629 posts
Posted on 5/30/24 at 7:58 am to
quote:

Sorry you warriors of the OT set the standard Go back to your safe space Z lover


Another example of your inability to discuss an issue. You keep making my case.

FWIW, I never disputed the OP. I just posted the rationale behind those numbers.
Posted by Lizardman2
Member since Jan 2024
2762 posts
Posted on 5/30/24 at 8:07 am to
Question. Are they using "real" or "nominal" GDP? Nominal GDP doesn’t strip out inflation or the pace of rising prices, which can inflate the growth figure.

Also-US GDP is generally measured off the expenditure approach.

GDP=C+G+I+NX

C=Consumption
G=Government spending
I=Investment
NX=Net exports

Russia off the production approach.

Real GDP (GDP at constant prices) – Taxes + Subsidies


This post was edited on 5/30/24 at 8:08 am
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