Russia's Recession

[BTO_farmalll]

Putin,


Hope That TreeDohead retires Once and fer all From Politics When he loses The Next Election Never to Be Heard from Again!!!!!!!!!

[foragefarmer]

Of coarse the Russian people support Putin. What do you think happens to those who oppose? If oil prices remain the same or keep falling we'll see how long Putin remains popular.

Recession and oppression, the love won't last long for Putin. To many billionars losing money

Many thanks to the Saudi's

[Rareearth]

Maybe Putin isn't hurting as bad as the media is making it out.
Maybe the BRIC countries (Brazil, Russia,India and Columbia) aren't trading in US dollar standard anyway?
Maybe China takes most of Russian oil?
Maybe the sun spit cycle is peaking, expect the unexpected?

[errolanderson]

Believe Russia's economy has some serious hurdles ahead. Ruble has tumbled 25 per cent in the past two months. Their banking system may be in peril and now supported by the Russian gov't.

Economic sanctions can be very effective (IMO). Russia must continue to woe China for economic support which is not a strong bargaining chip. China holds the trump card.

To me, this situation is a huge wild card factor for global commodity markets and their price direction over the next few months.

[riders2010]

Hahaha those people there survive starving on a daily basis from time to time. We re so stupid here to base our entire economy on oil all those new houses and luxuries just watch who s gonna go down the shitter first it will be us but wall will find a way for rural people to pay for all those expansions to house foreign truck drivers to support his puppet masters. In a head to head debate Putin would make wall wet his panties so fast. Hahaha

[sumdumguy]

The oil price slide could really affect local rural communities and municipalities. See all the big new trucks and houses built in rural Saskatchewan and Oilberta - all mortgaged up. All that glitters is not gold!

[AllisWD45]

errolanderson it almost sounded for a minute you were talking about the USA.

[errolanderson]

AllisWD . . . the world is so inter-connected now that yes, Russia does sound like the U.S. in the challenges ahead. That's why (IMO) sanctions are working as even 'the Bear' is also not an economic island-onto-itself.

The world has flattened out over the past decade from a technology perspective.