Posted on 04/10/2023 6:42:24 PM PDT by UMCRevMom@aol.com
Thanks, Jim. Ugliness all around, including some blown temper on my part.
This is the problem. I believe you are intelligent.
I do have respect for Freepers that hold opposing views to mine. AND, I appreciate the opportunity on FR to share my perspective not agitate.
I would really appreciate your sharing thoughtful comments that cite legitimate article or video sources could explain or document your perspective. Personally, I don’t believe anything productive can ever or will ever happen other than to hurt others with abusive mocking comments.
PONDER THESE FREE REPUBLIC GUIDELINES:
1- Use common courtesy when posting.
2- Do not post insults or personal attacks against your fellow FReepers.
3- Do not engage in flame-wars or feuds. If you find yourself falling into one, disengage immediately and move on.
4- Do not badger other Freepers.
5- Do not demand an answer.
6- Do not enter onto a ‘thread’ on a topic you don’t like just to disrupt, rattle cages, poke sticks, insult the regulars, or engage in trolling activities, etc.
7- If someone says stop, stop.
Thanks.
VIDEOS to both of your points:
1. “We are back home” - Ukraine RETURNED 100 servicemen from captivity
Kanal13
1.53M subscribers
4-10-2023 12:30 p.m.
https://www.youtube.com/watch?v=6Fai9D2DZvs
2. Ukrainian soldiers say new weapons aiding fight against Russian forces in Donetsk region
The Sun
3.89M subscribers
4-10-2023 3 00 p.m
https://www.youtube.com/watch?v=hs_wTr7g0_o
“Thanks.”
I also am thankful & appreciative. Some comments do become very hard to take.
dump this fiasco
ARTICLE
Russian ruble falls to lowest level against U.S. dollar in a year. Here’s what’s driving it lower.
Published: April 10, 2023 at 4:39 p.m. ET
By Joseph Adinolf
https://www.marketwatch.com/story/russian-ruble-falls-to-lowest-level-against-u-s-dollar-in-a-year-heres-whats-driving-it-lower-b0e951a8?mod=search_headline
The Russian government has historically kept a tight grip on its currency, but international sanctions and falling oil and gas prices have made stabilizing the ruble more difficult
Falling oil prices and fears about capital flight helped push the Russian ruble to its weakest level against the U.S. dollar in a year on Monday, the latest milestone in what has been a dramatic reversal of fortune for the currency.
The ruble showed surprising resilience against the U.S. dollar last year despite Russia’s invasion of Ukraine, with the dollar falling 2.7% against the Russian currency in 2022.
But a changing backdrop both at home and abroad has weighed on the ruble since the start of the new year, currency analysts and economists said.
Since Jan. 1, the greenback has appreciated by more than 12% against the ruble, according to FactSet data. This makes the ruble the second-worst-performing major emerging-market currency after the Argentine peso, according to Marc Chandler, chief market strategist at Bannockburn Global Forex.
On Monday, the U.S. dollar USDRUB, +0.18% rose 0.7% to 81.55 to log its highest level against the ruble since April 11, 2022, according to FactSet. That’s on top of the dollar’s 4.5% advance against the Russian currency from last week, its biggest weekly advance since September, according to FactSet.
While the Russian government has historically kept a tight grip on its currency, international sanctions and falling oil and gas prices have made stabilizing the ruble more difficult, said Robin Brooks, chief economist at the Institute for International Finance, in commentary emailed to MarketWatch.
As a result, movements in oil prices are having a bigger impact on the ruble.
Other economists highlighted fears of capital flight and additional concerns that have been exacerbated by U.S. and European efforts to isolate Russia’s economy.
“The international financial chokehold on Russia was maybe slow to take effect, but it’s having the desired impact,” Chandler said.
Falling oil and gas prices are also depriving the Russian government of much-needed revenue, both Chandler and Brooks said.
Oil and gas budget revenues fell by 45% during the first quarter compared with the same period a year earlier, according to Russia’s TASS news agency. The report blamed a decline in the price of Ural crude, the benchmark that covers Russia’s output, as well as a drop in natural-gas exports.
The ruble’s decline since the start of 2023 has been swifter than some economists had expected. Capital Economics had forecast the ruble to weaken to 75 per U.S. dollar by the end of 2023, but the ruble has already fallen well below that level.
An aggregate forecast compiled by Bloomberg had called for the ruble to end this year at 80 to the dollar. That has also proved too optimistic.
A recent report in the Russian press claiming that Russian President Vladimir Putin would allow domestic gas producer Novatek to purchase Shell’s SHELL, +1.72% stake in the Sakhalin-2 liquefied natural-gas project in the Russian Far East for 95 billion rubles, or nearly $1.2 billion, has also weighed on the ruble, according to Chandler.
That’s because traders expect that Shell would try to exchange any ruble proceeds from the deal for dollars or euros. Shell didn’t return a request for comment from MarketWatch.
If expectations for a global recession prove correct, this could add even more pressure to oil prices, and by extension to the ruble, Brooks said.
Even the recent production cut announced by the Organization of the Petroleum Exporting Countries and its allies, including Russia, has failed to induce a meaningful lift in crude prices. Brent crude BRN00, 0.65% BRNM23, 0.67% for June delivery fell 94 cents, or 1.1%, to settle at $84.18 a barrel on ICE Futures Europe Monday. Brent crude prices have fallen by roughly 20% since April 1, 2020, according to FactSet data.
Of course, the weakness in the ruble does come with a silver lining for the Russian economy, which has struggled since the start of the country’s invasion of Ukraine in February 2022.
“A weak ruble makes Russian goods very cheap,” Chandler pointed out.
Slava Ukraini ! # FRussia
Suggestion for the mgt.
8. Do not threaten other Freepers.
bttt
It seems like these Russia/Ukraine threads ignite more anger and hostility than any and all other topics.
Freepers on both sides lose their cool and zots are plenty.
I don’t understand it. The USA is falling apart before our very eyes, yet people are bent out of shape over Putie and some fool that plays piano with his penis?
What’s the deal? Then theirs the keywords. Every one of these threads have idiots posting idiot keywords.
Hoo Boy.
The wargaming tested 24 different scenarios focused
—
You do know that US war gaming always has a predetermined scenario and outcome? No war ever goes according to someone’s plan before the war.
Many US war games are based on ‘worse case’ scenarios with many assets not used or under-used. Predicting an outcome based on a war game is ludicrous.
I hate to see FR turning into an Ukraine-Russia propaganda aggregate. This daily spamming of the news feed is becoming unbearable.
It’s turning a lot of people off and some good posters have already left because of it.
True.
Daily spamming of any discussion threads with negative comments is always unconscionable.
I agree, and it is why I don’t get involved in these threads.
I skim over them, but keep my nose out of it.
(It’s not our war, and we have more important issues inside our own border.)
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