There’s no such thing as a market so controlled that it’s immune to inflation. The Russian Ruble is as controlled as a currency can be and Russia is teetering on the edge of hyper-inflation. It’s core inflation rate is over 9% and their version of the “Prime Rate” for lending has now jumped from 19% to a historic 21%.
China has more breathing room than Russia but it’s still not going to be pretty, especially if this “bailout” fails.
Don’t they have many trillions in reserves?
Right now China has about 3.2 trillion in ForEx of all kinds and currencies which means that this bailout represents nearly half of the total.
ForEx is an extremely complicated subject, way too much for a single post, but it is essentially the lubricant for trade. If you don’t have enough of it in the right currency on an hourly (or less) basis to support your imports and exports then the machine will seize up.
So what China is doing here is risky as hell and if it doesn’t work they will soon have the same kind of financial problems that Iran does and that is stupendously bad for an export based economy.
Homes are wildly unaffordable for nearly everybody! In the last decade literally hundreds of homes have been built in my town that sell for over $500,000. I want to know who the hell is buying them and how the hell they are affording them!
I have no idea how my son, who is 24, is going to buy a home of his own and at this point I’m wondering if I should sell my current place for a compound with enough space that I can turn into a multi-generational place so I can leave it to him and his family when my wife and I die.
American isn’t buying Iran’s bombs and there’s no amount of hysterical hand waving you can do to get over that fact.
If they show up I hand out the candy and I’ve been doing it that way for decades. No telling some kid or teens situation in life and there’s no need in making it harder on them.
Or maybe the entire god damned world doesn’t make every god damned decision based on the US Election? Just sayin’…
Yawn. Got anything to add to the conversation aside from ad hominem?
The 2 percent of GDP target is imaginary.
The target was set so that no country would be able to join NATO and then just let everyone else pay for everything. You contribute to the common defense or you GTFO.
We can bicker about 2% being too high or too low and whether the target should have been adjusted Post Cold War but any argument that some target isn’t necessary is just silliness.
No amount of NATO bombs or tanks would have stopped the invasion.
Oh I’m fairly certain that NATO military power would have stopped the invasion in the first 24 hours. A single flight of F-35s would have made those original Russian convoy’s cease to exist à la the Highway of Death from 1991.
Even now NATO military power could substantially end the ground war in Ukraine before the end of the month.
It only would have fueled the flames and given legitimacy to Russia’s claimed insecurity.
So what? NATO didn’t do it and there’s STILL an ongoing war with a casualty toll well over a million and millions more displaced.
Economic power is much stronger than military sabre rattling.
Then the EU should have flexed them in 2014. They didn’t and here we are.
I fucking detest Trump, but there is a kernel of truth in his statements about Europe more or less just riding on the US’s coattails in terms of the balance of military power, instead of trying to be a meaningful and (taken together) a peer power to the US.
You don’t have to point to Trump. Literally every United States President since Bill Clinton has publicly said it. Hell Bush Senior may have said it too. I’d have to go look it up.
It’s been a sore spot for decades and has nothing to do with Trumperoni.
I have to chuckle, I didn’t think anyone would take my comment about “count the hairs on someone’s head” so literally! You are correct though, there are no satellites with that kind of resolution. We have…other toys…for that. :)
The US intelligence apparatus had better information which is really no surprise. The US has satellites that can count the hairs on someone’s head let alone see missiles being moved around, fueled, and / or prepared for launch. Israel doesn’t have those, or at least not nearly as many of them as the United States does.
Right now Brent Crude is just 71.28. Oil prices are going down.
Additionally Russia does not have the technical ability to fix all of the refineries that Ukraine has been blowing up nor do they have the ability to fix all of the upstream production problems being created.
Productions of raw products is dropping fastand those declines are going to both continue and accelerate.
O&G is not going to be propping up Russia’s economy for much longer.
I think you’re suffering from recency bias. Yes right now it seems they’re all related to the AfD but you don’t have to go back very far to find other examples such as Gerhard Schröder.
There’s always people who will sell out their country for money.
Vaterlandsverräter
In this case wouldn’t she be a Vaterlandsverräterin?
Edit: Oh I get it, you’re referring to Maximillian Krah.
That matter isn’t settled yet but my guess is that Amazon will ultimately settle out of court for a lot of money. With that said a Tornado is a different kettle of fish than a flood. The warning time for a tornado is usually measured in bare minutes, sometimes when you’re lucky you get 20 minutes and even then where exactly are you going to go?
Floods like this one though had HOURS of warning and there’s positively no reason for employees to get caught like this. There was more than enough time for these folks to get a known safe place. It’s despicable.
Okay that I’m aware of but I’ve never heard of it referred to as “bootstrapping”. Thanks for the explanation.
My internet being bootstrapped by ISP…
Seriously, what does “bootstrapped” mean in this context?
Edit: if you are going to downvote at least explain if you got a counter point, otherwise it seems y’all just butthurt haha
Okay.
How is this different from US ISP bootstrapping peasant grade internet?
So basically you are getting downvoted because your comment is irrelevant 'Murica bashing.
Now you know.
It’s a great philosophy but if all of your neighbors don’t follow it then you end up being forcibly hijacked.