3w ago

Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

www.irishstar.com

The Russian economy is on the brink of collapse, with industrial output falling and major companies initiating large-scale layoffs amid the economic fallout from the war on Ukraine

Archived version: https://archive.is/newest/https://www.irishstar.com/news/us-news/russian-economy-freefall-mortgage-costs-34869686

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3w ago

Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms

www.irishstar.com /news/us-news/russian-economy-freefall-mortgage-costs-34869686

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3w ago

Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

www.irishstar.com /news/us-news/russian-economy-freefall-mortgage-costs-34869686

67 comments

If the US weren't helping Russia by giving them a lifeline, this war would probably be over this year.
- Russia has been increasing trade with China in the past few years. I'm afraid that, even without US support now, Russia would still be able to carry on for a while longer :(
  
  Russia can only keep up this pace of operations for 6 months to 1 year at most and that's it.
  So then you have 3 years of war, at the expense of your own economy, at the expense of your own population, at the expense of a million dead, and you conquered only 20% of Ukraine.
  That's it, then the manpower runs out. Russia is already arriving with tanks coming from the year 1955.
  Ukraine is also able to produce 40% what they need themselves right now. They have 1.4 million drones, they have 2 factories of rare metal in Ukraine that produces munitions, more than america produces now, and Ukraine's production is only going to get more. So it's also not like russia is on top here despite north korea despite all the other support. So both sides are not going well, it's a wear and tear.
  
  China really doesnt like sanctions either

That seems like exactly the kind of scene where Donald Trump likes to appear and cheer for the losing side
- Ah yes, cause Russia is definitely the losing side here 🙄

That's why Putin commanded Trump to put an end to Ukraine STAT.

You've been posting "The Russian Economy will collapse any day now!" posts every week for like two years at this point. Doesn't it eventually feel silly to keep making these predictions that never come true?

Not working? More people for the meat grinder I guess.

When has it not been in a free fall? But it's still hanging in there.

Every single “source given” just links back to articles from the same “news source”. Yeah, really reliable article. About as reliable as Fox News….

Now who holds the cards?

Just one more year bro. I swear bro, one year and russia will collapse bro. I know bro, ive been saying this shit for five years now. But bro… this year i feel it.

The USA has 30 trillion in debt, but its ok since they just print more money.

manufacturing index dropping from 53.1 points to 50.2 within a month
That is source for headline. Above 50 is still expansion. It's below 50 in US.
21% interest rates
Ruble is best performing currency over the year. Few Russians have mortgages, and housing affordability is good. Interest rates are high because of full employment created by highly paid military, and interest rate was set up to defend ruble.
behind closed door talks of layoffs in military industrial complex
Peace is expected to reduce the soaring military production that has since the war made Russia vastly outperform US colonies. Passing Japan and Germany in PPP (most important measure) GDP to 4th in world.
If you want Russia to stop growing so fast, give it peace. But it is dead wrong/false propaganda, that continuing to threaten its existence will cause it to be less determined and productive in fighting your evil.
- stop invading lmao
- If being at war is so good for the Russian economy, why would Russia accept peace? Or, if it did, why would it not just start another war?
  
  Russia has always preferred peace, with very reasonable red lines to avoid the war, and a peace deal reached 1 month after war started.
  The morale and conviction of Russian people and army would not be as high as it is now defending itself from NATO evil, if it were to provoke a conflict with NATO. While economy is productive and outperforming US colonies, its not without problems, nor has a leadership/people that wouldn't prefer peace.
- If you want Russia to stop growing so fast, give it peace.
  Then go back home.
  Nobody wants to go to Russia, for any reasons, it's like Hell crying about being threatened by invasion.
  Otherwise, Russia's invasion puts it in a position that threatens Europe, the Europe with an economy, what, 20x their size?
  And a Europe that actually understands modern technology?
  You're throwing rocks at a tiger and screaming for it to go back to sleep, the moment the tiger wakes will be entertaining to watch.
- Ruble is best performing currency over the year.
  That's a very specific timeframe you've got there. Oh, that's why.
  
  Fair point that it is very recent, and a reversal. Peace prospects is what is driving it up. "imminent collapse disinformation" from OP though is still weakened by this recent performance. Would be going in other direction if propaganda/disinformation were remotely true.
- The ruble is worth less than a handful of shit. Fuck off orc.

67 comments