RUSSIA'S SINKING ECONOMY BECOMING A GLOBAL THREAT

Associated Press ^ | Tuesday, December 16, 2014 | Josh Boak

[Star Traveler]

WASHINGTON (AP) -- Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy.

With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia's action in Ukraine.

The alarming 10 percent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations - a move that would inflict hundreds of billions in losses on lenders abroad.

[353FMG]

Hah!

As Obama said: “I have a pen and a phone.”

And I forgot — he has a Congress that will never impeach him and a lapdog MSM to sing his praises.

[bert]

——This means Russia’s GDP has been halved in dollar terms, putting it roughly on par with Mexico and Indonesia as the world’s 15th largest economy.——

Russia Population 143,900,000

Mexico Population 118,395,054

Indonesia Population 252,164,800

So, Russia should be compared to Mexico and Indonesia and not the real first tier nations of the world. Mexico is one of the largest auto manufacturers in the world.

Putin is in reality a pretender and a pretender rapidly going down the tubes

War? Perhaps but I doubt he has the ability for sustained projection

[Shadowstrike]

Sarge, you know what the hell I meant. Then was not like now. That....person in the White House has got us in a helluva lot worse mess then we ever were.

[Cossak]

West declared economic war on Russia with sanctions and oil prices

[Cossak]

No, Russia is too cold for Chinese, more attractive for them are South Asia, Africa, Australia, America

[Cossak]

Russians cannot buy European goods, industrial equipment and travel abroad anymore. Some body’s incomes on the West will diminish a bit.

[yorkiemom]

“take a look at Obama’s debt and see why Obama is crashing the world economy. a depression is coming. This is not sustainable:”

why a depression? doesn’t printing money lead to inflation instead?

[Old Sarge]

That....person in the White House has got us in a helluva lot worse mess then we ever were.