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Quietly, Russia Is Inaugurating a New Economic Order to Transform Where Its Wealth Comes From — Chris Weafer

Summary:
We are today half-way through the first year of the latest transition in Russia. In fact, this is the third major transition, or change of direction and priorities, sincethe emergence of modern Russia in 1991. This particular stage in the evolution is when, if handled correctly, Russia should start to see the emergence of a new economic order and the start of more sustainable and steady growth with lifestyle and social improvements to match. It is of course far too early to be able to say that this process is successful, or will be successful, or is a failure. Focusing on short-term indicators and political headlines in the midst of what has already been a very significant process is both pedantic and wrong. It is better to look at how the major parts of the process, the big picture as

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We are today half-way through the first year of the latest transition in Russia. In fact, this is the third major transition, or change of direction and priorities, sincethe emergence of modern Russia in 1991.
This particular stage in the evolution is when, if handled correctly, Russia should start to see the emergence of a new economic order and the start of more sustainable and steady growth with lifestyle and social improvements to match. It is of course far too early to be able to say that this process is successful, or will be successful, or is a failure. Focusing on short-term indicators and political headlines in the midst of what has already been a very significant process is both pedantic and wrong.
It is better to look at how the major parts of the process, the big picture as it were, are working, or not, and to then be able to assess the probability of eventual success and in which direction the economy and investment climate are heading....
Counterpoint Asia
Quietly, Russia Is Inaugurating a New Economic Order to Transform Where Its Wealth Comes From
Chris Weafer, bne IntelliNews
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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