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Russian Federation Sitrep 5 November 2020 — Patrick Armstrong

Summary:
VALDAI. Putin's speech is here. To my mind, other than the funeral crack, the most memorable bit was his strong defence of a mixed economy: when things are purring along, free enterprise does the job but in bad times you need the government. I'd say the last 20 years vindicates this point of view....Sic Semper TyrannisRUSSIAN FEDERATION SITREP 5 NOVEMBER 2020Patrick Armstrong

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VALDAI. Putin's speech is here. To my mind, other than the funeral crack, the most memorable bit was his strong defence of a mixed economy: when things are purring along, free enterprise does the job but in bad times you need the government. I'd say the last 20 years vindicates this point of view....
Sic Semper Tyrannis
RUSSIAN FEDERATION SITREP 5 NOVEMBER 2020
Patrick Armstrong
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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