Recent content by contricusc

Yes, the war is very costly for Russia. These type of hits are more important than just their monetary value, as the jets take time to replace. But in the long term, Russia will lose the war when its economy will collapse.

A low employment rate can be interpreted as bad (if you think the reason is the lack of jobs), or as good (many people can afford to live without having a job). For example, if you look at women in employment, some would say a high rate is good for the economy, while others would see a high...

I agree with you that nominal GDP is also a very flawed indicator. I thnk that the PPP variant is more relevant when comparing the purchasing power of the population, while nominal value is more relevant when comparing the size of a countr’s economy, What matters most for a person is the...

Spider Web 2.0: 11 Fighter Jets 3 Helicopters 1 Cargo plane Total losses estimated at $1 billion in military equipment.

That’s one problem with PPP. The other problem is that when you build foreign reserves, pay down your debt, or when you conduct trade with other countries, you don’t do it in PPP dollars. You do it in nominal dollars. If a country wants to import oil, copper, fighter jets, ammunition, etc., it...

GDP PPP is very irrelevant. Not only that GDP is not a very good indicator, but making further adjustments to it (like the PPP) makes it completely useless. At least nominal GDP has the same measurement unit, even though GDP is not very relevant in itself, and can be inflated by completely...

The longer he manages to prolong the war, the harder the collapse of the Russian economy will be. Let’s hope he will also sell the gold reserves, so that when the collapse finally comes, they will be with their pants down.

This opinion sounds as if it was written in the Kremlin. Zachary Paikin must be another Russian asset.

I hope Russia is so badly damaged that it gets split into many smaller states, and never has the power to attack anyone, not only in Europe, but also in Asia. Russia must fall to give an example of what can happen when a bully tries to take territory by force.

The US cannot attack before Friday evening, because they need stock markets to be closed. The Trump admin does all the dirty work when markets are closed, so it can control the narrative before they open on Monday, without market disturbance. Anyone hoping the US will strike Iran before Friday...

Russia’s economy will break before Ukraine’s. There’s no “if” about it, the only question is “when”. Ukraine’s economy can go on forever, because it is backed by European money, and for Europe the price of keeping Ukraine afloat is nothing. Russia on the other hand has gone bankrupt once, and...

It’s not about value, it’s about Trump’s megalomaniac ambitions to remain in history as one of the US presidents who enlarged the territory of the emipre. He is an 80 years old senile man, who thinks of himself as the greatest president ever, and adding a huge territory during his term would...

And the battle for Pokrovsk is already one and a half years long, and still ongoing…

If you read what MAGA supporters write on X about Greenland and Canada, you would think the US is just an English-speaking Russia.

According to the Wall Street Journal, Rubio told lawmakers that Trump wants to buy Greenland, not to invade it. He said the White House is using rhetoric to pressure Denmark into negotiations. Considering the mood in Europe, I don’t see how Denmark could negotiate to sell Greenland, especially...