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Topic: A funny thing happened, Russia's economy imploded., Republicans praised Putin like a God..< Next Oldest | Next Newest >
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Marneman Search for posts by this member.

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PostIcon Posted on: Jan. 17 2015,2:26 am  Skip to the next post in this topic. Ignore posts   QUOTE
I for  one never praised Putin.  He is a two bit Stalin wanna-be, former member of the KGB, who may drag the world into another world war.  Best thing that could happen would be if someone over there got rid of this idiot!

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PostIcon Posted on: Jan. 17 2015,9:40 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(grassman @ Jan. 16 2015,11:39 am)
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As I have always said, Oil Is Power! Like it or not.

You got that right.  OPEC is trying to protect there market share from U.S. competition.  The lower the prices the less appealing it is for oil companies to want to make infrastructure investments in this country that can lead to total independence.

Alci would like you to believe that it's some grand master plan drummed up by Obama to break Russia.  :crazy:
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Albert Lea
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PostIcon Posted on: Jan. 18 2015,4:18 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
A recent estimate by the International Monetary Fund, Deutsche Bank and Fitch Rankings reported Russia needs the global oil price at $98 a barrel to cover its budgetary expenditures. Venezuela's "break even" price is about $117.50 a barrel and Iran's is even higher -- $130.70.

http://www.foxnews.com/politic...ngerous
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 Post Number: 24
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Albert Lea
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PostIcon Posted on: Jan. 18 2015,4:27 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
In the first two weeks of the year, when Russia was on holiday, the rouble fell by 17.5% against the dollar. Inflation is up into double figures. The price of oil, Russia’s main export, has slid below $50 a barrel, prompting economists to revise their forecasts down. GDP is now expected to contract by between 3% and 5% this year. Russia’s credit rating is moving inexorably towards junk.

http://www.economist.com/news...orms-it
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 Post Number: 25
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Albert Lea
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PostIcon Posted on: Jan. 18 2015,4:57 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
The US dollar has soared a staggering 96 percent against the Russian ruble since June 30.

http://abcnews.go.com/Busines...8282841
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PostIcon Posted on: Jan. 18 2015,6:45 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(alcitizens @ Jan. 18 2015,4:57 am)
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The US dollar has soared a staggering 96 percent against the Russian ruble since June 30.

http://abcnews.go.com/Busines...8282841

Though it is true that our dollar is stronger, it's mainly because other nations currency is weakening. Leave it to ABC's spin to make it look better than it actually is.
On the darker side of this situation US manufacturing will be slowed because of fewer exports and our trade deficit will grow again because import goods will be cheaper.
On the bright side of this I'll profit because the bulk of what my trucks haul is import. :thumbsup:

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Or a “Wayne” :oops:
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PostIcon Posted on: Jan. 18 2015,8:10 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE
In other words, up, down, frontwards, backwards, this way, and that way, we are always going to be in a bad way?

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PostIcon Posted on: Jan. 18 2015,8:40 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(grassman @ Jan. 18 2015,8:10 am)
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In other words, up, down, frontwards, backwards, this way, and that way, we are always going to be in a bad way?

No, we should strive for an equilibrium, call it the zeroth law of thermal dynamics for economics.

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 Post Number: 29
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Albert Lea
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PostIcon Posted on: Jan. 19 2015,11:35 am Skip to the previous post in this topic. Skip to the next post in this topic. Ignore posts   QUOTE

(Self-Banished @ Jan. 18 2015,6:45 am)
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Though it is true that our dollar is stronger, it's mainly because other nations currency is weakening.

No sh!t Sherlock.. :oops:  :dunno:  :hairpull:  :crazy:  :dunce:  :rofl:  :frusty:  :frusty:  :frusty:
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PostIcon Posted on: Jan. 19 2015,11:50 am Skip to the previous post in this topic.  Ignore posts   QUOTE
^^^ woke up on the wrong side of the bottle this morning???😜

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35 replies since Dec. 17 2014,9:11 am < Next Oldest | Next Newest >

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