On May 9, 2007, at 9:00 AM, Chris Doss wrote:
> Victory is indeed sweet, what with all the cars,
> personal computers, stereos, DVDs, color televisions
> that don't blow up, and Planet Sushis. Did you know
> that Moscow has over 30 Sbarro's Restaurants?
> http://www.sbarro-rus.com/restaurants/moscow.htm . The
> megamalls going up everywhere are enormous.
Everywhere, or just in Moscow?
Sounds like all that stuff is imported, not of domestic manufacture. So Russia is trading oil for consumer goods and not investing much. You can't sustain 7% growth rates on that forever.
Doug