No, Obama, Russia's Economy Isn't 'in Tatters'

[Eddie Priest]

Bashing the Russian economy has lately become a popular pastime. In his state of the nation address last month, U.S. President Barack Obama said it was "in tatters." And yesterday, Anders Aslund of the Peterson Institute for International Economics published anarticle predicting a 10 percent drop in gross domestic product this year -- more or less in line with the apocalyptic predictions that prevailed when the oil price reached its nadir late last year and the ruble was in free fall.
No Obama Russia s Economy Isn t in Tatters - Bloomberg View
The hope that Russia will ever fall down to economic crises is false and stupid, and even dangerous. Remember the crisis of 1945 and forget 1991. It will never come down until it has wise and strong leader.

 

[bendog]

Bashing the Russian economy has lately become a popular pastime. In his state of the nation address last month, U.S. President Barack Obama said it was "in tatters." And yesterday, Anders Aslund of the Peterson Institute for International Economics published anarticle predicting a 10 percent drop in gross domestic product this year -- more or less in line with the apocalyptic predictions that prevailed when the oil price reached its nadir late last year and the ruble was in free fall.
No Obama Russia s Economy Isn t in Tatters - Bloomberg View
The hope that Russia will ever fall down to economic crises is false and stupid, and even dangerous. Remember the crisis of 1945 and forget 1991. It will never come down until it has wise and strong leader.

Crimea's flourishing, not.
Under Russia isolated Crimea is twilight zone for business - Yahoo News
Putin's dream. A monopoly for substandard goods and services.