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RussiaFeed — CONFIRMED: UN report says West’s anti-Russian sanctions have failed

Summary:
The shot that ricocheted back. Europe hurt more than Russia.This is a fairly long post that looks at the Russian economy in some depth.Incidentally, if the US launches a trade war with China, as Bannon and the Trumpistas want, the same result is likely. China will turn its export-led industry toward domestic consumption, which it needs to do anyway. As China's growth takes off internally that will greatly accelerate China's perceived threat as China's domestic economy catches up the developed world. As in Russia, it will also strengthen the hand of the military and accelerate military development.Westerners just don't seem to get dialectics. They are categorical thinkers. RussiaFeedCONFIRMED: UN report says West’s anti-Russian sanctions have failed Alexander

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The shot that ricocheted back. Europe hurt more than Russia.

This is a fairly long post that looks at the Russian economy in some depth.

Incidentally, if the US launches a trade war with China, as Bannon and the Trumpistas want, the same result is likely. China will turn its export-led industry toward domestic consumption, which it needs to do anyway. As China's growth takes off internally that will greatly accelerate China's perceived threat as China's domestic economy catches up the developed world. As in Russia, it will also strengthen the hand of the military and accelerate military development.

Westerners just don't seem to get dialectics. They are categorical thinkers.


Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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