Focus wrote up a five-star piece on the Russia-Ukraine business, and the affect of sanctions. I'd strongly recommend a read of it.....here.
There are three things I'll point out.
1. No one is arguing against the 'shrinking' of Russia's economy for 2022.....the analyst in this case said it'd shrink by 10-percent. I tend to think it'll be closer to 20 percent by the end of the year.
2. The Ruble looking great? Yes. Right now, a dollar buys 57 Rubles....best deal for Russians in a long time (if you have dollars to exchange). Yes, I do agree....there's a lot of fake stuff going on to make this happen.
3. Unemployment (May numbers) are said to be 3.9-percent. Personally, I think the numbers are bogus.
If you look at the whole discussion brought up by Focus....there's no doubt that the working-class Russian is affected, and suffering to some degree. It's not bad enough to collapse society, but it's enough that you notice things going wrong.
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