Sanctions on Russia

Nathan Evans78 said:The reality is, Americans—or rather, Russians in this context—haven't had real disposable income since 2008. Just because Western media shows a few clips from downtown Moscow doesn't mean that represents the entire country.

I’ll say it again: isn't the whole point of sanctions to squeeze the political elite and those in power?

Alright, I'll give you that—what we see in Moscow might not be representative of the wealthier regions of Russia...

But which regions are we actually talking about here?

And regarding those sanctions... listen, there are collateral victims involved, and honestly, you're one of them too...

silentnomad7 said:Alright, I'll give you that—what we see in Moscow might not be representative of the wealthier regions of Russia...

But which regions are we actually talking about here?

And regarding those sanctions... listen, there are collateral victims involved, and honestly, you're one of them too...

Check out this interesting map showing GDP by region.GDP per capita (PPP) back in 2014.

Industrial producer prices shot up by a staggering 23.7 percent in May compared to this time last year. That marks fifteen straight months of annual increases, and honestly, it’s the steepest climb we've seen since the U.S. Census Bureau started tracking these specific figures back in 2011.

Everything is going to be just fine. ☕

Anthony Hill5 said:Russia is staring down a projected GDP collapse of somewhere between 10% and 15% this year. Meanwhile, the European Union’s GDP is expected to maintain a growth rate slightly north of 2% over that same span.

Does any Kremlin sycophant out there actually have the mathematical capacity to explain how these sanctions supposedly inflicted more damage on the European Union than they did on Russia?

https://ec.europa.eu/commission/pres.../en/IP_22_3070

https://www.reuters.com/business/rus...ws-2022-04-27/

You are treating hypothetical projections as if they were current reality.

That’s exactly why they're pushing to lift those sanctions

Industrial producer prices shot up by a staggering 23.7 percent in May compared to the same month in 2021! That marks the 15th consecutive month of year-over-year increases, and honestly, it’s the highest growth rate since the U.S. Census Bureau started tracking this data back in 2011... quite a jump...

Nathan Evans78 said:

Industrial producer prices shot up by a staggering 23.7 percent in May compared to this time last year. That marks fifteen straight months of annual increases, and honestly, it’s the steepest climb we've seen since the U.S. Census Bureau started tracking these specific figures back in 2011.

Everything is going to be just fine. ☕

A lot of companies are hiking their prices just because they can, taking advantage of the situation, but people aren't stupid. Consumers have already started tightening their belts and cutting back on spending, so eventually, those opportunistic types who are jacking up prices without any real reason are going to see their sales dry up... it's just basic math, really.

Besides, we have neighboring states where prices actually stay reasonable, so people can always just take their business elsewhere...

analogbear5 said:Friendly reminder:

GDP = consumption + investment + government spending + exports – imports

Go ahead, spin it however you want.

What’s the point?

There is also the income approach to calculating GDP (the result is identical...

GDP = wages + interest + rent + corporate profits

Zachary Jackson4 said:You are treating hypothetical projections as if they were current reality.

I mean, look... the West is basically on the verge of a total meltdown, yet the European Union and the USA are out here looking for ways to link up with Russia.

Jack Hill2 said:What’s the point?

There is also the income approach to calculating GDP (the result is identical...

GDP = wages + interest + rent + corporate profits

I usually drop this in just to clear things up whenever someone brings up big GDP numbers. People love using it—along with exchange rates—to try and prove whether Russia is actually thriving or tanking under all those sanctions.

analogbear5 said:I usually drop this in just to clear things up whenever someone brings up big GDP numbers. People love using it—along with exchange rates—to try and prove whether Russia is actually thriving or tanking under all those sanctions.

So, you're saying GDP isn't a reliable metric...?

Jack Hill2 said:So, you're saying GDP isn't a reliable metric...?

Sure, but you still need to know what's actually under the hood.

Just adding this to clear things up—trying to move us toward a more detailed conversation instead of just endless bickering. I’m not trying to force some grand point here—honestly, I don't have one. Just a little helpful hint 💡

silentnomad7 said:

Industrial producer prices shot up by a staggering 23.7 percent in May compared to the same month in 2021! That marks the 15th consecutive month of year-over-year increases, and honestly, it’s the highest growth rate since the U.S. Census Bureau started tracking this data back in 2011... quite a jump...

A lot of companies are hiking their prices just because they can, taking advantage of the situation, but people aren't stupid. Consumers have already started tightening their belts and cutting back on spending, so eventually, those opportunistic types who are jacking up prices without any real reason are going to see their sales dry up... it's just basic math, really.

Besides, we have neighboring states where prices actually stay reasonable, so people can always just take their business elsewhere...

🙏🤣🤣🤣

darkdriver said:🙏🤣🤣🤣

Feeling let down?

silentnomad7 said:Feeling let down?

I've seen better takes on inflation. Yours is definitely among the more entertaining.

analogbear5 said:I've seen better takes on inflation. Yours is definitely among the more entertaining.

The economists are out there claiming this whole inflation mess is just driven by corporate greed and excess profits—but hey, they're the experts, right? They probably know best...

If you really want some clarity, just take a look at how prices compare between the US and Canada; suddenly, a lot of things start making sense...

As for the conflict in Ukraine, its impact on the rising costs we're seeing here in America seems pretty negligible so far...

silentnomad7 said:Feeling let down?

Actually, it's the exact opposite—you honestly never disappoint me.

analogbear5 said:I usually drop this in just to clear things up whenever someone brings up big GDP numbers. People love using it—along with exchange rates—to try and prove whether Russia is actually thriving or tanking under all those sanctions.

That cost-based perspective just confuses everyone. Are people really going to sit down and calculate their own income manually? You take twelve months of salary plus maybe some side hustle money, and that's it. No one starts by adding up how much they spent on groceries, milk, savings, or investments...

In short, GDP = total wages + income from assets (like rental properties or bank interest) + corporate profits.

GDP accurately measures how much was earned. That isn't its flaw. The flaws lie elsewhere—for instance, it doesn't measure the actual effort involved. It can't distinguish between someone working two hours a day versus someone grinding 15-hour shifts... nor does it account for the underground economy. And so on...

silentnomad7 said:The economists are out there claiming this whole inflation mess is just driven by corporate greed and excess profits—but hey, they're the experts, right? They probably know best...

If you really want some clarity, just take a look at how prices compare between the US and Canada; suddenly, a lot of things start making sense...

As for the conflict in Ukraine, its impact on the rising costs we're seeing here in America seems pretty negligible so far...

Economists are full of it. Inflation is mostly about printing way too much money. It peaked during the pandemic.

Jack Hill2 said:That cost-based perspective just confuses everyone. Are people really going to sit down and calculate their own income manually? You take twelve months of salary plus maybe some side hustle money, and that's it. No one starts by adding up how much they spent on groceries, milk, savings, or investments...

In short, GDP = total wages + income from assets (like rental properties or bank interest) + corporate profits.

GDP accurately measures how much was earned. That isn't its flaw. The flaws lie elsewhere—for instance, it doesn't measure the actual effort involved. It can't distinguish between someone working two hours a day versus someone grinding 15-hour shifts... nor does it account for the underground economy. And so on...

The actual topic here is how sanctions are hitting the Russian economy and politics, specifically looking at imports and exports—we've got fresh data right there. If you want to debate Russian labor productivity from back in 2016, go hit up the Economy subforum.

Nathan Evans78 said:

Industrial producer prices shot up by a staggering 23.7 percent in May compared to this time last year. That marks fifteen straight months of annual increases, and honestly, it’s the steepest climb we've seen since the U.S. Census Bureau started tracking these specific figures back in 2011.

Everything is going to be just fine. ☕

Prices have been climbing for fifteen consecutive months, even though the war has only lasted three... Not that it matters; people will just keep blaming the sanctions on Russia regardless.