Russia's Recession

[errolanderson]

Western sanctions, collapsed oil, Ruble fallout, failing Russian banking system, domestic inflation are all factors now triggering an irreversible recession for the Russian people.

Russia now needs hard currency desperately as their financial reserves are draining.

Talk of wheat export limits may be unlikely as the Bear needs cash. Plus they will battle for Egyptian market share at the expense of the U.S. But this worsening economic situation is apt to fuel inflation domestically. How this will transpire for grain markets will be very interesting over the next few months.

The true meaning of Russian roulette? . . . .

[cottonpicken]

Putin said a while back if you measure GDP on a purchasing power basis the GDP of the brics was greater than the g7.

[SASKFARMER3]

And Grey Goose out of France makes better Vodka. Wow we have a problem.
I still believe Putin was getting a little to powerful with big oil so the price drop was done to put him in line. Now its gone really low and the shit is hitting him hard. Ah the free market works so well.

[Hopalong]

Big question how far Russian people go in support of Putin and nationalism ahead of consumer driven economy.
May be the live cartridge in the roulette revolver.

[furrowtickler]

Hmmm , Putin having a cash crunch b/c of oil ??
Obama played this out with his drilling of the oil shales long ago. The US admin could have left that oil play ( like war hawks Bush and co. most likely would have). Check mark for Obama - never had to fire a shot at the bear to subdue him.
Without the oil shale development/ US fracking, oil would be 100 heading for 120 and Russia / Putin would do a bear waltz through Eastern Europe almost untouchable. Also 'puts' a cap of some Middle East issues - Iran -Syria and Isis - which is a strange name given it's proximity to Egypt .
My tin foil hat theory ...

[cottonpicken]

Putin is one of the most popular leaders in the world,in his country and outside.

I dont think we should be poking this bear with a stick.

[furrowtickler]

That's the slick move here - oil , simply open the tap and lower the price of oil . Don't have to poke the bear with a stick - just cut his funding.

[AllisWD45]

Have to agree with Cotton and add Putin is smarter shrewder and more of a leader for his country than the leaders we are blessed with in the western world. In the end nothing else counts to him except mother Russia.
They sure wont get to him by the sanctions imposed now.

[furrowtickler]

They know that sanctions wont work , but drop the price of oil and you cut off his funding.
I am not saying its good or bad, just pointing it out.
Agreed, Putin is a no nonsense leader, that's not a bad thing at all.

[bucket]

Strictly from a leadership point of view.



Trudeau or Putin. ?

[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