[lbo-talk] Kemp & Edwards agree - time to get tuff with Russia

Doug Henwood dhenwood at panix.com
Fri Jul 14 09:40:48 PDT 2006


On Jul 14, 2006, at 5:03 AM, Chris Doss wrote:


> I was looking at some of the stats earlier today. It's
> incredible. 10% growth in real wages every years for
> the past six years. $250 billion dollars in gold and
> forex reserves! In August, Russia will pay off the
> very last of its Paris Club dept. It is hard to
> imagine that this is the same country that crashed in
> 1998. It's really astonishing when you look at the
> sheer scale of change.

And how much of this is the result of $75 oil? Were oil to collapse like it did in 1986, what would happen to Russia?

Doug



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