re: Latest Updates: Russia-Ukraine Conflict

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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.

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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