Showing posts with label Putin. Show all posts
Showing posts with label Putin. Show all posts

Monday, November 3, 2025

Russia continues to slump

 Now is not the time to let Russia off the hook.  Its economy continues to slump.  Growth is nugatory, business confidence sliding and the PMI is still trending down.



GDP up 0.4% year-on-year, including spending on the war with Ukraine.



Monday, August 25, 2025

Russia's economy is in trouble

 The chart below shows business confidence and S&P Global's manufacturing PMI.  Both are falling fast, with the PMI lower than it's been since the Covid Crash.



It isn't just these indicators.  The growth rate in industrial production has slumped from a peak of 6.6% in late 2023 to around 1.5% now.  Growth in the volume of retail sales has fallen from 14% in late 2023 to 1.3% now.    GDP growth over the same period has fallen from 6.2% to 1.1%.  And this is after the data have been massaged by the government.

Now is exactly the wrong time to give in to Putin.  It's time to tighten the pressure, to push harder, to force him to withdraw from Ukraine.



Sunday, February 23, 2025

You started it

 I don't know who created this cartoon.  If you do, let me know.



Peace in our time

by  Michael de Adder


The difference between then and now is that Chamberlain was sincere, even if he was misguided.  Trump is not.