Russia's Recession

[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.