Russia has the same unemployment rate as the US right now. Russia still has the 6th most foreign exchange reserves in the world. More than South Korea. Russia has no net debt.
Stop listening to the propaganda from politicians from broke western states about the Russian economy. Look at their record. Obama said to sell Russia at this date:
Unlike the Raptor, which is already discontinued, Russia is taking its time to build the Pak Fa for the long run. They are not cutting corners or making the same counter economic mistakes that sunk the Raptor.
That chart is deceptive. When Russian stocks were at the bottom in March 2014 the MICEX was at 1237 and the USD/RUB rate was 36.50.
Today the MICEX is at 1957 and the USD/RUB rate is at 62.40
That means the real change in the MICEX was: 33.89 (1237/36.50) to 31.36 (1957/62.40), a loss of 2.52 or 7.45%.
Meanwhile the S&P500 has gained from 1841 in March 2014 to 2141 today, a gain of 300 or 16.2%
So the White House made the right call in 2014 to get out of Russian stocks and into US stocks. Obama also called the bottom in US stocks in 2009.
Sign In
