Welcome to FinHeaven Fans Forums! We're glad to have you here. Please feel free to browse the forum. We'd like to invite you to join our community; doing so will enable you to view additional forums and post with our other members.



VIP Members don't see these ads. Join VIP Now
Page 1 of 2 12 LastLast
Results 1 to 10 of 11

Thread: Russian economy suffers

  1. -1
    Spesh's Avatar
    Fat Kid

    Status:
    Offline
    WPA:
    Join date:
    Apr 2007
    Posts:
    8,038
    vCash:
    2512
    Thanks / No Thanks

    Russian economy suffers

    Russia's economy is barely growing, inflation is rising fast, and capital is pouring out of the country, the Economy Ministry said on Monday, a sign that international tensions around Ukraine are already inflicting severe economic costs.

    In February Russia's gross domestic product eked out growth of just 0.3 percent year-on-year, down from 0.7 percent in January, Russia's Deputy Economy Minister Andrei Klepach said.

    Last year the economy grew by just 1.3 percent, far below initial forecasts, but there had been hopes that growth would rebound this year. Instead Russia's economic performance is deteriorating further as the international tensions around Ukraine lead capital to flee Russia.

    Klepach said that when seasonal and calendar factors are taken into account, February's 0.3 percent was "not bad" and "better than expected."
    But he added that "it's too soon to talk about a turn-around in economic trends, about a recovery from stagnation."

    He said that the ministry anticipates GDP growth of "around zero" for the first quarter as a whole. That would make its 2.5 percent growth forecast for 2014 challenging...

    He said that Russia's economic indicators have been deteriorating, even though western sanctions against Russia have so far had only a minor economic impact, because cool relations between Russia and the West damage investor confidence.

    "We considered in the forecast how the general deterioration of our relations with developed countries and world markets is having an influence," he said.

    "Sanctions so far don't have a significant economic character, but in itself a worsening of relations is a significantly negative factor for economic growth and correspondingly influences the capital outflow."


    http://news.yahoo.com/russian-econom...-business.html

    But hey, at least Putin looked like a bad ass.

    Not to worry Russia, as an American i know exactly what to do when you find yourself involved neck deep in another countries affairs and your economy grinds to a halt: punish the gays. It fixes everything, simply cant fail.

    ...oh wait.
    "Ignorance is not an excuse" were the words Goodell used when describing why those involved in the Saints bounty scandal would not avoid punishment.
    http://www.cbssports.com/nfl/eye-on-...ons-unanswered
    Quote Quote  

  2. -2
    TheWalrus's Avatar
    1/7/14

    Status:
    Offline
    WPA:
    Join date:
    Dec 2011
    Posts:
    8,675
    vCash:
    33487
    Thanks / No Thanks
    Putin has acted so stupidly during this affair. Russia is raising the cost of natural gas to the Ukraine, as well, claiming that since they don't need to pay for the rent to their base in Sevastopol anymore (which they stole), the government of Ukraine no longer deserves a break on the cost of gas. Not only that, but they've seized a Ukrainian factory and halted Ukrainian trucks at the border. All of that -- especially the gas prices -- makes things worse for Ukraine right now, but Ukraine has already started to make plans on how to get more of their energy from Europe in the future, which will lessen their dependency on Russia.

    Politically any hope for reapproachment with Ukraine is over, any hope that Ukraine will elect a leader friendly to Russia is over, their relations with Eastern Europe in general -- which had been softening -- are now back on rocky terms, and Russia's geopolitical link with China has been damaged, with a possible crisis brewing in Eastern Russia over the ethnic Chinese who live there.

    For Crimea. All of this for Crimea.


    Quote Quote  

  3. -3
    Buddy's Avatar
    Starter

    Status:
    Online
    WPA:
    Join date:
    May 2004
    Posts:
    3,752
    vCash:
    14320
    Loc:
    Victoria, TX
    Thanks / No Thanks
    Quote Originally Posted by Spesh View Post


    http://news.yahoo.com/russian-econom...-business.html

    But hey, at least Putin looked like a bad ass.

    Not to worry Russia, as an American i know exactly what to do when you find yourself involved neck deep in another countries affairs and your economy grinds to a halt: punish the gays. It fixes everything, simply cant fail.

    ...oh wait.
    You say that like there is something wrong with it. Everybody knows that gay bashing is the panacea for all economic and political ills! WTF? Always hating on gay haters...asshole!

    Sent from my DROID RAZR using Tapatalk
    Quote Quote  

  4. -4
    LouPhinFan's Avatar
    Hall Of Famer

    Status:
    Offline
    WPA:
    Join date:
    Sep 2006
    Posts:
    5,192
    vCash:
    9848
    Loc:
    Louisville, KY
    Thanks / No Thanks
    Quote Originally Posted by TheWalrus View Post
    Putin has acted so stupidly during this affair. Russia is raising the cost of natural gas to the Ukraine, as well, claiming that since they don't need to pay for the rent to their base in Sevastopol anymore (which they stole), the government of Ukraine no longer deserves a break on the cost of gas. Not only that, but they've seized a Ukrainian factory and halted Ukrainian trucks at the border. All of that -- especially the gas prices -- makes things worse for Ukraine right now, but Ukraine has already started to make plans on how to get more of their energy from Europe in the future, which will lessen their dependency on Russia.

    Politically any hope for reapproachment with Ukraine is over, any hope that Ukraine will elect a leader friendly to Russia is over, their relations with Eastern Europe in general -- which had been softening -- are now back on rocky terms, and Russia's geopolitical link with China has been damaged, with a possible crisis brewing in Eastern Russia over the ethnic Chinese who live there.

    For Crimea. All of this for Crimea.
    All this and he's probably not done yet. Per his now infamous nationalist speech, I'll wager he ends up in Molodova soon with his sights set on Estonia and Lithuania. He's just got to figure out if he's going to call NATO's bluff.
    Insert pithy saying here.

    Quote Quote  

  5. -5
    NY8123's Avatar
    Sophisticated Redneck

    Status:
    Offline
    WPA:
    Join date:
    Jan 2008
    Posts:
    11,931
    vCash:
    7600
    Loc:
    out in the Ding Weeds
    Thanks / No Thanks
    Quote Originally Posted by LouPhinFan View Post
    All this and he's probably not done yet. Per his now infamous nationalist speech, I'll wager he ends up in Molodova soon with his sights set on Estonia and Lithuania. He's just got to figure out if he's going to call NATO's bluff.
    Did you think he didn't want to rebuild the USSR. lol. Putin is old school KGB, a trojan horse. I will say however the US backed puppets in this crisis are a bunch of douchebags too, it's like a line up of who's who in shady dealings.
    "I am free of all prejudice. I hate everyone equally" ~ W.C. Fields

    Quote Quote  

  6. -6
    Hall Of Famer

    Status:
    Offline
    WPA:
    Join date:
    Nov 2004
    Posts:
    13,481
    vCash:
    11080
    Loc:
    Boca Raton
    Thanks / No Thanks
    They don't make anything. They have a declining population too.

    All they have is natural resources.

    And the clown wants all the ex-pats to repatriate their billions...No chance in hell of that happening.

    Their people deserve it.
    Quote Quote  

  7. -7
    Hall Of Famer

    Status:
    Offline
    WPA:
    Join date:
    Nov 2004
    Posts:
    13,481
    vCash:
    11080
    Loc:
    Boca Raton
    Thanks / No Thanks
    That's why Russia is for the Syrian dictator...Qatar has the world's largest natural gas field and they want to build a pipeline from Qatar to Syria to Turkey to Europe...

    If Assad ever falls, Russia won't be able to sell their gas to Europe...
    Quote Quote  

  8. -8
    Rookie

    Status:
    Offline
    WPA:
    Join date:
    Mar 2008
    Posts:
    496
    vCash:
    3784
    Thanks / No Thanks
    A little bit of perspective. It's about as good as you can expect an Eastern European country to do in this economic climate, and they've weathered things a lot better than the so-called PIGS economies. Then you add in the fact that some of Russia's best and brightest can generally have jobs waiting for them in Silicon Valley, Wall Street or London, it's surprising that the country isn't doing worse than it is. The most Russia can offer is low income taxes, but that's not even enough to keep the best Russian hockey players (except for the guy that played for my team, ahem, ahem) from playing in the US or Canada where they'll ultimately be taking home less money.

    As the article notes, the Ukriane crisis hasn't had much to do with things (and if you're a Keynsian, lots of government spending on anything is good), although maybe it will down the road. And with gays, we're talking about Russia. Wasn't like it was an ideal place for gay rights until Putin came around. They probably should have known that they would have faced heat about it in the run-up to the Olympics, but my guess is before that, your average politically aware Russian didn't know or didn't care about the antigay "propaganda" law. So even if it was meant to be a distraction, it's much, much less effective than say the promotion of Russian hockey, and the like.
    Quote Quote  

  9. -9
    D0lphan72's Avatar
    Hokies class of 2016

    Status:
    Online
    WPA:
    Join date:
    Dec 2009
    Posts:
    1,855
    vCash:
    2310
    Loc:
    Virginia
    Thanks / No Thanks
    Ford LogoDolphins HomerTannehill 17Snakes!Xbox Logo
    As long as Russia, China, or North Korea are suffering I'm happy
    Quote Quote  

  10. -10
    Dolphins9954's Avatar
    Pro Bowler

    Status:
    Offline
    WPA:
    Join date:
    Apr 2005
    Posts:
    10,133
    vCash:
    7383
    Thanks / No Thanks
    I think this whole thing is filled with hypocrisy and double standards. Weren't we the one's actively engaged in helping overthrow a democratically elected government in Ukraine? That happens to border Russia. We didn't like a Pro-Russia Ukraine president, so we meddled and intervened to get the puppet we wanted. To the point that our on State Department gets caught setting up what the new Ukraine government should look like....F the EU!! Russia responds with occupying Crimea and annexing it. Which by the way, they already had a base there with a Pro-Russia population. Now all hell breaks loose and Obama takes Putin off his friends list on Facebook. It's the god damn Cold War all over again. And we look like the biggest f****** hypocrites of all time because Russia is taking a page from our playbook. Which by the way they've been a lot nicer about it than we do. We would have rolled with Shock and Awe, BS WMD's and 'with us or against us mentality". In short total war.

    Not to mention that the power vacuum in Ukraine is fast getting filled with the Svoboda party of friendly Neo-Nazi f****. Supporting and even arming those guys sounds like a GREAT idea. What could go wrong?

    Why do we always find ourselves involved with extremists? The ends do not justify the means.

    Ukraine is the prime example of why our meddling and interventions cause more harm than good. And only create more problems than solving.





    "Politics is the Art of Looking for Trouble, Finding it Everywhere, Diagnosing it Incorrectly, and Applying the Wrong Remedies"
    Quote Quote  

Similar Threads

  1. Jonathan Cooper suffers broken leg
    By Phindog in forum General NFL Forum
    Replies: 10
    Last Post: 08-29-2013, 01:46 PM
  2. McCain campaign suffers key shakeups
    By Celtkin in forum Political | War Forum
    Replies: 0
    Last Post: 07-10-2007, 03:55 PM
  3. Russian SU-30 WOW
    By The Confessor in forum The Lounge
    Replies: 17
    Last Post: 03-15-2007, 02:09 PM
  4. Phoenix sweats most but Miami suffers more
    By BAMAPHIN 22 in forum The Lounge
    Replies: 4
    Last Post: 06-15-2006, 05:58 PM
  5. Another Player Suffers Seizure
    By Prime in forum General NFL Forum
    Replies: 2
    Last Post: 10-07-2005, 12:34 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •