Post
Topic
Board Economics
Re: Unusual Situation as Russia’s Ruble bounces back as world best per fiat currency
by
mk4
on 10/06/2022, 06:21:02 UTC
LOL.. you guys have been predicting a complete economic meltdown in Russia for more than 3 months now. The Russian currency and stock market seems to be doing just fine. None of your doomsday predictions have materialized. On the other hand, the commodities that Russia export have gone up in prices by manifold. Wheat went up from $200 per tonne to $500 per tonne. Crude went up from $40 per barrel to $125. LNG used to cost as little as $50 per thousand cubic meters. Now it costs $1,000 to $1,200. If anyone is suffering, it is not the people of Russia. The hydrocarbon importers, such as EU, India and Japan are suffering.

Point me to where I was predicting a complete economic meltdown in Russia. I'll wait. What I was referring to was data that literally already materialized; not something I was speculating on.