What does this mean? Is Russia pushing budget deficit cost to lenders?
http://www.bloomberg.com/news/articles/2016-03-01/as-russia-s-economy-contracts-putin-s-preferred-indicator-is-up … Ping: @anders_aslundpic.twitter.com/sXizsO0A2o
Swede by birth, European by choice. Founder of Fryday, an international network. #EuropeanPatriot
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What does this mean? Is Russia pushing budget deficit cost to lenders?
http://www.bloomberg.com/news/articles/2016-03-01/as-russia-s-economy-contracts-putin-s-preferred-indicator-is-up … Ping: @anders_aslundpic.twitter.com/sXizsO0A2o
@andersostlund @anders_aslund Starving banks of liquidity is the exact opposite of what you do to fight a recession. See 1929.
@joecuppa @anders_aslund Basically the Russian State is saving itself at the cost of regular people and companies who lose credit access?
@andersostlund @joecuppa Yes Putin's obvious priorities are international reserves, fiscal & security, no longer people's standard of living
@anders_aslund @joecuppa Thank you Anders. Another Russian robbery in progress thus.
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