3w ago

Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

www.irishstar.com

The Russian economy is on the brink of collapse, with industrial output falling and major companies initiating large-scale layoffs amid the economic fallout from the war on Ukraine

Archived version: https://archive.is/newest/https://www.irishstar.com/news/us-news/russian-economy-freefall-mortgage-costs-34869686

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3w ago

Russian economy in freefall as mortgage costs triple and mass layoffs cripple major firms

www.irishstar.com /news/us-news/russian-economy-freefall-mortgage-costs-34869686

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3w ago

Russian economy in freefall as mortgage costs soar and mass layoffs hit firms

www.irishstar.com /news/us-news/russian-economy-freefall-mortgage-costs-34869686

67 comments

manufacturing index dropping from 53.1 points to 50.2 within a month
That is source for headline. Above 50 is still expansion. It's below 50 in US.
21% interest rates
Ruble is best performing currency over the year. Few Russians have mortgages, and housing affordability is good. Interest rates are high because of full employment created by highly paid military, and interest rate was set up to defend ruble.
behind closed door talks of layoffs in military industrial complex
Peace is expected to reduce the soaring military production that has since the war made Russia vastly outperform US colonies. Passing Japan and Germany in PPP (most important measure) GDP to 4th in world.
If you want Russia to stop growing so fast, give it peace. But it is dead wrong/false propaganda, that continuing to threaten its existence will cause it to be less determined and productive in fighting your evil.
- stop invading lmao
- If being at war is so good for the Russian economy, why would Russia accept peace? Or, if it did, why would it not just start another war?
  
  Russia has always preferred peace, with very reasonable red lines to avoid the war, and a peace deal reached 1 month after war started.
  The morale and conviction of Russian people and army would not be as high as it is now defending itself from NATO evil, if it were to provoke a conflict with NATO. While economy is productive and outperforming US colonies, its not without problems, nor has a leadership/people that wouldn't prefer peace.
  
  Russia's red lines are that:
  Ukraine does not get to have its own foreign policy, demonstrated by its embargo of Ukrainian goods in 2013 in response to Ukraine choosing an EU trade agreement
  Ukraine must be unable to defend itself against Russia. This is shown by Russia's repeated insistence that Ukraine both be barred from joining NATO and be demilitarised.
  Absolutely wild to call these "very reasonable". These red lines are "be our puppet or else"
  
  Ah yes, NATO is all about Ukraine “defending themselves”. That must be why NATO has a history of provocative actions against other nations and lying. Real trustworthy
  
  Ukraine is all about Ukraine being able to defend itself. NATO just happens to be a powerful bloc that has the capacity to defend Ukraine against what threatens it
  
  If Ukraine’s method of defending themselves means NATO then that isn’t defending themselves.
  
  They should just roll over and die then, should they? Is China about to extend a guarantee to Ukraine? I can't think of anyone else that could meaningfully face off against Russia in Ukraine
  
  If ukraine was allowed to install nato weapons, usa would use that to nuke russia, then go to attack china, and then the bezos and zuck and other creatures would enslave and kill every single nonwesterner
  But westerners want that because they are inhuman racist monsters
  When the euros say "russia will invade europe and kill us all" they're doing projection, they're projecting their own cololonialist fantasies onto those they want to kill, to make up a reason for their rabid crusader behavior
  
  If the US was going to nuke Russia, why on Earth would it need Ukraine? It already has Finland, Estonia, and Latvia if it wants a friendly launch site that's on the border, or Turkiye or Romania if it just wants somewhere close. Besides that, the missiles are "intercontinental" ballistic missiles; they do not need to be on the border. This explanation does not hold up in the slightest.
  
  Okay then we should put the nuclear missiles back in cuba
  
  Okay? I am not even slightly in favour of how the US treats and has treated Cuba. The US doing fucked up stuff does not in any way justify Russia doing fucked up stuff
  
  Ukraine trade with EU is not a reason for war. US led coup that installed nazis that put apartheid laws, and then exterminated areas that wanted autonomy is a reason for war.
  
  Russia annexed Crimea literally a matter of weeks after the revolution. There was not even any time for the interim government to apply policies for Russia to respond to. It also annexed Crimea before the war in Donbass started, so your explanation makes even less sense there. Your conspiracy theory about the US installing the guy that would have absolutely obviously been the leader of an interim government anyway does not help.
  
  Palestine freedom anti genocide protesters started Oct 8. They knew what was coming. Nazis questioning Russia's access to naval base was a natural nazi move, but not going to be entertained. Liberating Crimea was the most obvious area to liberate first. Was never going to accept or deserve nazi rule.
  Your conspiracy theory about the US installing the guy that would have absolutely obviously been the leader of an interim government anyway does not help.
  US was involved in fabricating protests, covering up the nazi black flag assassination of protesters, and blaming it on government forces, caught on tape hand picking successor government position. That the coup resulted in the "obvious leader post coup" is not much of a justification for a coup.
  
  What do Palestine protestors have to do with this?
  questioning Russia's access to naval base
  A base that was in Ukraine. Fucking hell, listen to yourself. Imagine if someone said "Oh well it's a natural Nazi move to question America's access to Guantanamo Bay."
  Russia didn't liberate shit. Russia took Crimea.
  caught on tape hand picking successor government position
  Caught on tape saying that the existing leader of the opposition is the guy that would be the head of the interim government. That's about as much an indication of guilt as an election pollster calling a safe seat correctly.
  If America wanted Yatseniuk in power so badly, why did it do nothing to keep him in power?
  
  I guess you defend the attack on Fort Sumter too then? Same logic
  
  How on Earth is the aggressor in a civil war the same as the defender in an international war?
  
  I can tell reading comprehension isn’t your strong suit….or memory
  
  A base that was in Ukraine.
  Crimea was a gift from Khrushchev at a time where people are still alive. Not much Ukrainian migration to Crimea happened in meantime. Ukraine's neutrality was part of the constitution that their independence was gifted. Crimea does not want to be ruled by nazi pig filth. To you, pro NATO nazi pig filth, awesome. Romanian anti-NATO nazi pig filth, straight to jail.
  If America wanted Yatseniuk in power so badly, why did it do nothing to keep him in power?
  Poroshenko even better nazi, with bonus privatization under capitalist ideology corruption. Helped CIA/US State department finance and media manipulate coup. https://en.wikipedia.org/wiki/Petro_Poroshenko
  
  Oh well if it became part of Ukraine in living memory then I guess that makes it absolutely fine, and on that basis the UK is completely within its rights to reconquer Pakistan, which was a gift granted in the partition of India
  Not much Ukrainian migration to Crimea happened in meantime
  Are you arguing for ethnostates? If you aren't, it does not matter how many ethnic Ukrainians lived there
  Poroshenko
  Oh, right, another guy who was voted out. Why did the US not install him instead of Yatseniuk, then? Why did they let Zelenskyy beat him?
  
  Thank you for doing the lord's work. You'll never get past the Russo-pilled parrot speak but it's a joy to read sane comments.
  Edit: The guy has 1.7k comments in 4 months and literally every one reads like it's pasted from a propaganda LLM. Drives me nuts that you can't have a normal conversation on the internet without being assaulted by this shit...
  
  TIL the bri'ish natively live in pakistan???
  Fucking western cololonialists
  
  Why did they let Zelenskyy beat him?
  Zelensky ran on a peace/Minsk compliance platform. Got the Russian vote. With his own nazi, but more moderate nazi, media support. Everything was going to come up CIA anyway.
  
  Sounds like you've been guzzling the anti-freeze vodka again, dumbass Yuri. Ruzzia is a third world shithole country, where even your women hate you, since they're all trying to marry westerners. If only all your people didn't have to squat over open latrine pits, maybe they could read a newspaper in civilized comfort, and realize just how much Pootang the Tinyman has stiffed them. Ruzzia will never get back it's foreign investments and it will be paying reparations forever. You will stay a peasant forever. Which is well deserved :)
- If you want Russia to stop growing so fast, give it peace.
  Then go back home.
  Nobody wants to go to Russia, for any reasons, it's like Hell crying about being threatened by invasion.
  Otherwise, Russia's invasion puts it in a position that threatens Europe, the Europe with an economy, what, 20x their size?
  And a Europe that actually understands modern technology?
  You're throwing rocks at a tiger and screaming for it to go back to sleep, the moment the tiger wakes will be entertaining to watch.
- Ruble is best performing currency over the year.
  That's a very specific timeframe you've got there. Oh, that's why.
  
  Fair point that it is very recent, and a reversal. Peace prospects is what is driving it up. "imminent collapse disinformation" from OP though is still weakened by this recent performance. Would be going in other direction if propaganda/disinformation were remotely true.
- The ruble is worth less than a handful of shit. Fuck off orc.

67 comments