Top Poster of the Day:
kaamrev
Current Registered Users: 27,872
36% Vaxxed
29% Infected
CURRENT EVENTS:
Homoween
rDrama's traditional holigay celebration!Marsey's Spooktacular Art Contest
Draw a homoween marsey!Find Rightoid Infighting
Marseybux reward per post!Drama: any incident, scene, gaffe, rumor, opinion, or disagreement that is blown entirely out of proportion.
Do your part to keep our community healthy by blowing everything out of proportion and making literally everything as dramatic as possible.
Rules:
- Asking to see who saved comments/posts=1 day ban
- You must be 18 or older to view this site.
- NO RIGHTWING AGENDAPOSTING.
- Discord users will be banned on sight.
- Don't post anything illegal.
- No sexualizing minors, even as a joke. This includes cartoons.
- No doxxing.
- Using alts to game dramacoin will get you banned.
- Supporting free speech is an immediate ban.
- Absolutely NO anti-CCP sentiment.
- Absolutely NO homophobia, transphobia or furphobia.
- Absolutely NO misgendering.
- Absolutely NO antisemitism.
- Absolutely NO vaccine misinformation.
- You are encouraged to post drama you are involved in.
- You are encouraged to brigade in bad faith.
- You are encouraged to gaslight, to gatekeep, above all else, to girlboss.
- You are encouraged to egg people on to transition or otherwise make drastic life changes.
- This site is a janny playground, participation implies enthusiastic consent to being janny abused by unstable alcoholic bullies who have nothing better to do than banning you for any reason or no reason whatsoever.
Related subreddits:
𝐜𝐚𝐫𝐩 𝐰𝐨𝐳 𝐞𝐫𝐞
Live commit: a235f8e
Jump in the discussion.
No email address required.
Cope. Projected Russian GDP for second quarter is -35%.
Jump in the discussion.
No email address required.
Using GDP
Jump in the discussion.
No email address required.
What do you propose as alternative? Shitposts per minute?
Jump in the discussion.
No email address required.
PPP would be better for Russia but hire my main point I don’t care how poor Russian will get, it won’t make my life better if euro becomes weaker, plane tickets will get more expensive because Russian is selling raw metals, bread will also get more expensive, warming will also cost more with riding car. That shit will happen for a country that my country has almost 0 trades.
Jump in the discussion.
No email address required.
Why would PPP reflect anything other than an L if GDP was dropping by an annualized third
Jump in the discussion.
No email address required.
They have a trade surplus and almost don’t have any debts to other countries
Jump in the discussion.
No email address required.
Those aren’t inherently good things. Not having debt mostly means not having access to credit, which is dangerous in Russia’s position as they stand before a financial crisis and can’t borrow resources in more stable currencies.
Trade surpluses and deficits also are such low parts of developed country GDPs. A surplus means you’re spending domestic resources in your economy making shit for other countries and not your own in exchange for foreign currency inflows, which can be good in some but not all circumstances.
Tl;dr Russia’s economy is not in a good spot by any means. You can adjust for PPP and they’re still far behind developed and undeveloped economic growth since the 90s or whatever timespan you want to use.
Jump in the discussion.
No email address required.
They ware getting ready for this conflict and ware also building reserves. If they had debts to western countries things could went way worse
Jump in the discussion.
No email address required.
Russia has a tiny per capita sovereign wealth fund compared to other oil-rich countries. Heck, even some STATES in the US have higher oil-funded reserves and that’s a result of low burn rates as opposed to good policy (I.e their govts literally can’t spend the money faster than it comes in for the past few decades). I used to work as an economist in Alaska drawing up their state’s revenue forecasts. It’s something like a $70bn wealth fund across like 600k people. Meanwhile Russia has a bit less than $200bn, but across 150m people, AND that money is already statutorily-dedicated to funding public pensions, so it’s not even a true slush fund that Russia can empty to shore up against sanctions.
They don’t have debts in foreign countries not because their central government made that choice (why would Putin care that an oligarch owed payment on foreign lumber for a development project?), but because neither western nor Central Asian Banks will lend to Russian nationals because of how unreliable the economy is and how poor of control the central government has on its own finance sector.
There’s no amount of hoarding Russia could have done beforehand that’s not going to make this the most painful geoeconomic action that’s been done in the modern era.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
Jump in the discussion.
No email address required.
You know such big spike was mostly because regular citizens ware getting rid of ruble ? It’s a huge jump from 140 to 127. I checked Russian banks and they are selling dollar for 170 rubles. What I told: “ He sell oil in Dollar he ain’t losing in long run. ” I told he not Russia. Russian gov is the biggest enemy of Russian. They will use those sanction to frick over their people way more than sanction are doing. So He=Putin won’t lose in long run.
Jump in the discussion.
No email address required.
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context
More options
Context