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Politics : Politics for Pros- moderated

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To: skinowski who wrote (568776)	12/26/2014 9:25:27 AM
From: Elroy	Read Replies (1) of 793983

This page can show the Russian stock market from 1997 to present. tradingeconomics.com All of the gains of the past 15 years occurred from '98-'07. If you start 10 years ago their stock market is flat - whoop de do. I have no idea whether the guy's analysis on Russian stuff is reasonable or not, but he is definitely picking the lowpoint for the Russian economy when he starts 15 years ago - it's immediately after the Asian financial crisis, and a complete collapse of the Russian economy. I think that is also what brought Putin to power, so that makes sense as a place to start, but it's like saying how great Obama is for the US economy because he has brought unemployment from 10% when he started down to 6% now. Obama became President when the US economy was in the complete crapper, and everything has grown astronomically sense then. It this due to Obama? No. Is the Russian return from the abyss due to Putin? I don't know, but he hasn't delivered anything amazing in the past 10 years, so starting from 15 years ago is not a persuasive argument, it's cherry picking a chart to make a point.

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