Wednesday, May 25, 2022

Russian GDP, Unemployment and Inflation Numbers?

 Since February, nothing in Russia has been published over the estimate of the Gross Domestic Product, the current unemployment numbers, or the inflation index.  NOTHING.

The Central Bank of Russia saying anything?  No.

This morning, I noticed the German business community had three odd comments to add to this situation.

First, oil sold/pumped?  Nothing.

Second, Russian national debt explained in any detail?  Nothing.

Trade, into or out of Russia?  Nothing.

What gets me here....you'd usually have a Putin-appointee who'd make up a number out of thin air.....to say things are bad but not that bad.  Yes, a plain fake-number.

But in this case?  They didn't even crank out a fake-number.

How long can you do this? I would speculate that you could go for a year at this game.  As long as you aren't trying to get bonds or bank loans....saying nothing is legit.

Now, if I worked for any of the 350 banks in Russia....I'd kinda of track this information and it'd be of interest to the bank, the business community, and would put the view of the landscape into my mind.

I would suggest these people are sitting there....glossy-eyed, and wondering....just how bad are the six numbers?

Do the Oligarch folks even know the full story?  I would imagine each knows one or two of the numbers, and if they socialized enough....they'd all have a good idea of the six key numbers.

Maybe nothing much matters here, and you just continue progressing ahead.  But if these are extremely negative...how far can you progress?  

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