When Donald Trump was reelected in November, many investors declared the so-called Trump Trade would spur US stocks to new highs. But markets are now spooked by fears the world's largest economy is close to recession.
I didn’t mean we can’t impact their economy. I meant the US economic success is not tied to theirs. If our economy collapses, theirs will actually improve, not get worse.
The person I was replying to implied that our coming recession would also be bad for Russia. I think it’s the opposite.
If the USA goes into recession, then the world economy will slow down, this is indisputable (if there is no other really never before seen boon happening, which is extremely unlikely).
When the world economy slows down, oil and gas demands lowers, which creates less demand, making oil & gas prices go lower.
Russias economy is in dire straits today, anything could plunge it into a spiral of augmenting inflation and augmenting stagnation. These two feeds on each other.
The biggest part of russias economy is based on oil & gas revenue.
I didn’t mean we can’t impact their economy. I meant the US economic success is not tied to theirs. If our economy collapses, theirs will actually improve, not get worse.
The person I was replying to implied that our coming recession would also be bad for Russia. I think it’s the opposite.
It was me I guess.
If the USA goes into recession, then the world economy will slow down, this is indisputable (if there is no other really never before seen boon happening, which is extremely unlikely).
When the world economy slows down, oil and gas demands lowers, which creates less demand, making oil & gas prices go lower.
Russias economy is in dire straits today, anything could plunge it into a spiral of augmenting inflation and augmenting stagnation. These two feeds on each other.
The biggest part of russias economy is based on oil & gas revenue.
Make your conclusions!