Heterodox
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...
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