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The risk seems overblown. Mostly because nobody trusts China either, which has as many economic and political problems as does the US, if not more. Russia jus
by nostromo 5y ago
The risk seems overblown. Mostly because nobody trusts China either, which has as many economic and political problems as does the US, if not more.
Russia just doesn’t have enough power to move global markets. Its economy is smaller than Texas’, and is rapidly shrinking.
- akmarinov 5y agoRussia doesn’t have enough power to move global markets, yet here we are with all time high gas prices and inflation.
- jjeaff 5y agoWe actually don't have all time high gas prices, at least not yet. They were higher pre-2008 crash when adjusted for inflation. Which is the only price that matters. After all, we also have all time high average income right now as well.
- poilcn 5y agoCalifornia is supposed to be fifth economy in the world. You can use software produced in California under sanctions by ignoring intellectual rights. This wouldn't work with physical goods. You can't replace oil from one source with oil from another. Deficit of some resource chokes production of things that depend on this resource. And it's a chain reaction.