The ruble higher now that before the war

[Rust_Cohle]

Good job Joe, those sanctions really are working. Explain this one liberal economists, I thought Russia would be bankrupt

 

[Confederate Soldier]

Countries always go around sanctions. Sanctions don't amount to a hill of bean shitz.

 

[Meister]

Any guess on which country is propping it up?

 

[rightwinger]

Currency manipulation

Ruble’s Strength in Face of Sanctions May Be Illusory

Capital controls and forced exchange of export revenues are supporting the Russian currency, but its long-term strength is questionable

www.voanews.com

 

[Moonglow]

Any guess on which country is propping it up?

The 20% inflation rate of the Ruble?

 

[alang1216]

Good job Joe, those sanctions really are working. Explain this one liberal economists, I thought Russia would be bankrupt

Russia has been preparing for sanctions for years. It wouldn't surprise me if they had a stash of cash they're using to prop up their currency. We'll see if they can outlast the sanctions. I'm betting they can't.

 

[JustAGuy1]

Pootie has backed it with Gold. That'll do it.

Russia’s currency bounces back after Moscow mandates payment for gas in gold-pegged ruble​

Russia's currency bounces back after Moscow mandates payment for gas in gold-pegged ruble

After falling steadily for days following the Russian invasion of Ukraine, ruble—the Russian currency -- is back despite stringent sanctions.

www.thestatesman.com

 

[Toddsterpatriot]

The ruble higher now that before the war​

That is awesome news!!

How's Russian GDP going to look over the next year?

 

[KissMy]

When an economy slows, the velocity of money drops causing deflation. That chart is more proof Russia is in a major recession. There are fewer rubles & goods circulating causing a deflationary spiral.

 

[Toddsterpatriot]

Pootie has backed it with Gold. That'll do it.

Russia’s currency bounces back after Moscow mandates payment for gas in gold-pegged ruble​

Russia's currency bounces back after Moscow mandates payment for gas in gold-pegged ruble

After falling steadily for days following the Russian invasion of Ukraine, ruble—the Russian currency -- is back despite stringent sanctions.

www.thestatesman.com

The ruble isn't pegged to gold.

 

[JustAGuy1]

The ruble isn't pegged to gold.

You better tell him, my source says otherwise.

 

[Toddsterpatriot]

You better tell him, my source says otherwise.

If your source is "Russia says" without explaining how to convert rubles into gold, it isn't pegged.

 

[JustAGuy1]

The ruble isn't pegged to gold.

Oh look, another source

By pegging gold to the ruble, Russia has just wiped out the dollar’s clout from the world markets​

By pegging gold to the ruble, Russia has just wiped out the dollar’s clout from the world markets

The ensuing decision of forcing EU nations to pay in ruble or gold for their gas trade with Russia have simply turned the table on the West.

tfiglobalnews.com

 

[Toddsterpatriot]

When an economy slows, the velocity of money drops causing deflation. That chart is more proof Russia is in a major recession. There are fewer rubles & goods circulating causing a deflationary spiral.

That chart doesn't say anything about velocity of money.

 

[JustAGuy1]

If your source is "Russia says" without explaining how to convert rubles into gold, it isn't pegged.

Oh golly, now you're making things up. Too funny

 

[Vastator]

Russia has been preparing for sanctions for years. It wouldn't surprise me if they had a stash of cash they're using to prop up their currency. We'll see if they can outlast the sanctions. I'm betting they can't.

They don’t have to outrun the sanctions. They just have to outrun the food supply. And they have a big head start. Between Russia, and Ukraine, they export 30 percent of the globally traded wheat, and substantial amounts of other grains too.
Many countries depend on the imports of those grains to survive; Egypt being a big one. But only one of many. So… When all these African countries start starving what do you think they’re gonna do to escape the starvation, and violence? The same thing they’ve been doing, only at an expedited rate; flood into Europe. Europe is going to be so busy dealing with the flood of migrants, and the growth of nationalist movements borne of the migrant crises, that they won’t have the time, money, or resources to deal with anything Russia is doing.

 

[BackAgain]

The economy of Russia is better than ever.

Sorry. I couldn’t even type that with a straight face.

The Russian economy consists of more than the value of a ruble (especially since it is a unit of currency which is subject to manipulation). Russia is not new to propaganda. However other components of the Russian economy need to also be considered. To that end, a fairly recent piece:

Here’s how sanctions are being felt in Russia as Putin’s invasion of Ukraine drags on

Shopping, canning, charitable donations — they’ve all been disrupted, and a number of Russians have responded by leaving to wherever they can.

www.thestar.com

I want Putin dead. I have also expressed my boundless disgust for our old racist senile President, Brandon. So when I see that article and conclude that there does exist evidence that Brandon’s use of “sanctions” has a prospect for working, I confess that I am surprised. Fairness and objectivity demand that I acknowledge a good example of Brandon not being a total douchebag. I give him some props and harbor some hopes for the sanctions.

 

[g5000]

Good job Joe, those sanctions really are working. Explain this one liberal economists, I thought Russia would be bankrupt

Putin is propping up the ruble through artificial means, dipshit. Didn't you know that, comrade?

 

[g5000]

Russia's economy is beginning to crack as economists forecast sharp contractions

The Russian economy is set to shrink sharply this year while inflation skyrockets, as punitive international sanctions in response to its invasion of Ukraine begin to bite.

www.cnbc.com

• The S&P Global purchasing managers’ index (PMI) for Russia, published on Friday, dropped from 48.6 in February to 44.1 in March.
• Goldman Sachs has forecast a 10% contraction in Russian GDP this year, while the Institute for International Finance think tank has projected a more damaging 15% plunge.

[snip]

“Industry will be hit by supply disruptions and higher inflation will weigh on households’ real incomes and dampen consumer spending. We expect the war to shave 1.0-1.5%-pts off growth in CEE this year.”

 

[g5000]

MSCI: Russia’s Stock Market is "Uninvestable" - The Big Picture

Reuters is reporting that MSCI is considering removing all of Russia’s listed stocks from its indexes. The action follows stringent new sanctions and central bank restrictions on trading. Dimitris Melas, MSCI’s head of index research and chair of the Index Policy Committee, told Reuters “It...

ritholtz.com