Pierpont Morgan
pre 15 godina
@ Joe.
Since your giving relating prices on oil to Russia's prosperity, i wanted to give everyone who reads this site my opinion. Since you perceive yourself as a business cognizant, I think you would know that throughout this recession or contraction (not an official recession but a severe contraction) the lone financial institution that was able to generate significant profits to its shareholders was Goldman Sachs investment bank. And guess what their TOP FIVE STAR ANALYST said about oil? 180 by the end of the 4th quarter. Now, that doesnt HOPEFULLY wont happen, but I doubt that the price of oil will drop to 40 (thats hilarious!), or even 80.
Another economic note, we are in a commodity Bull market and Russia is a commodity based country. So as long as commodities prices surge, so will Russia's economy. And you obviously understand that as china, india brasil, and many other developing countries continue to, well, develop, that will increase demand and keep commodities prices high.
As for Russia not being a superpower. What do you need to do qualify as a superpower? Strong army (Yes), strong economy (Yes) Influence? (Yes). Last time i checked, Russia went into Georgia and all we did was complain about territorial integrity.
We need to worry more about ourselves. Fannie and Freddie just got bailed out, Lehman bros are going to get bought of by Koreans. Unemployent, almost no growth (stagflation anyone?) Our markets are doing terrible, and the mortgage crisis is augmenting the pains. So before we talk about Russia, lets clean house.
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