Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: skinowski who wrote (568776)	12/26/2014 9:25:27 AM
From: Elroy	Read Replies (1) \| Respond to of 793978

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.

To: skinowski who wrote (568776)	12/26/2014 9:33:22 AM
From: Elroy	Respond to of 793978

I have no idea. In any case, increasing GDP 6 times - and incomes 7 times - in 15 years, is quite impressive. It's also hard to believe. A 6x increase in Russian GDP in 15 years means Russia's economy has grown 13% per year for those 15 years. That beats China. I doubt it. The only way it can be true is that things were so bad in '98/'99 that they were almost dead, and so you've got a few 20%-30% growth off of nothing years in there. Russia hasn't put up consistent 13% GDP growth for the past 15 years, I think.