[lbo-talk] Russia tanking

Mark Bennett bennett.mab at gmail.com
Thu Feb 19 10:37:42 PST 2009


Contracting at *19% annually? *

On Thu, Feb 19, 2009 at 10:15 AM, Doug Henwood <dhenwood at panix.com> wrote:


> Nancy Lazar of ISI - Ed Hyman's consulting shop - has a report out today on
> Russia. Headline: "Russia in severe recession." GDP could be contracting at
> a near-19% annual rate, which is huge. With the EU sinking, much of Asia
> sinking, and now Russia sinking, Dennis Redmond may have to revise his
> worldview...
>
> Doug
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