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Reply to "Ukraine war - which side is winning? "
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Everyone forgot about Ukraine…. Slava Ukrani lolololololol It’s not even July.[/quote] Good morning! Yesterday, Wapo had an article about how Ukraine will be winning within the next few weeks as more European and American supplies come online and as Russia's capabilities come to a halt. Do you agree or disagree?[/quote] The truth is somewhere in the middle. There will be weeks or a month where Ukraine sees gains [b]But Russians have time on their side [/b]and west won’t give weapons that can strike inside Russia and the west has an electorate it needs to partially listen to I don’t think people understand what europe is gonna be like this winter[/quote] Are you sure about that? It was just announced that Russia has defaulted on its foreign debt for the first time since the Bolshevik revolution.[/quote] no one in finance is concerned about the default because it wasn’t an Argentinan situation of lacking the ability to pay. Bond holders aren’t gonna call/appropriate collateral/sue Russia They’ll hold their coupons and hope to recoup. The default wasnt due to lack of ability or will to pay. It was due to intermediaries being forced not to process payment. [/quote] Yeah. They held the czarist ones for a long time and never recouped. But, Russia’s problem is that it won’t be able to access additional financing. So, less for the kleptocracy and nothing for economic growth. Face it, Putin got lucky with the phenomenal growth Russia had in the 2000s and wasted it all. [/quote] I don't know if you could call it lucky. Putin didn't stand in the way of it, at the very least. In addition, anyone in finance will tell you that Russia's Central Bank is an exceptionally well run institution that has built a world-class regulator group, with an in-house research and science department relying on the latest and the greatest. So that all their policies are evidence based, not ideology based. Of course, time will tell how the war will affect it. [/quote] Right. Nabiullina is an excellent Central Bank Chairwoman. [/quote]
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