[Politics] Russia invades Ukraine (24/02/2022)

[Eric the meek]

This chart plots the rouble against the US$ for the last 3 months. In that period the rouble has devalued by 15%, on the back of at least 2 years of prior substantial devaluations. Marked with the red arrows, you can see how over time, the interventions of the Russian central bank have become progressively less effective at arresting the devaluation.View attachment 192497

That suggests they are very close to the point where they just don’t have enough, or anything, left to prevent further immediate substantial devaluation.

This is excellent.

Thank you for taking the time and trouble to put this together. This is just the kind of thing this thread could do with, as there is obviously a dearth of reliable economic data coming out of Russia. (And if there were, we wouldn't know what to do with it anyway).

 

[St Leonards Seagull]

What a c***. Unfortunately he has bought his way to unwarranted power and influence.

I have a horrible feeling he will make a bid for the presidency once Trump is gone.

 

[GT49er]

I have a horrible feeling he will make a bid for the presidency once Trump is gone.

Yes, that nightmare had occurred to me too.

 

[A1X]

Lewis Goodall (@lewisgoodall.bsky.social)

NEW: President Biden given permission to Ukraine to use long range US missiles inside Russia for the first time. Major change in US policy, two months before Trump takes office. Biden has authorised it in response to North Korean troops being deployed to the frontlines.

bsky.app

 

[Snowflake]

Yes, that nightmare had occurred to me too.

That can’t happen as it stands. Unless they Change the rules.

 

[Eric the meek]

Lewis Goodall (@lewisgoodall.bsky.social)

NEW: President Biden given permission to Ukraine to use long range US missiles inside Russia for the first time. Major change in US policy, two months before Trump takes office. Biden has authorised it in response to North Korean troops being deployed to the frontlines.

bsky.app

What we need now is love sweet love for Russian investors to sell their rubles tomorrow as soon as the market opens, and create an unstoppable crash.

 

[GT49er]

That can’t happen as it stands. Unless they Change the rules.

Change the rules? Yes, just remind me - who is the incoming President of the USA?

You can probably rule out 'can't'............................................

 

[St Leonards Seagull]

Ukraine latest: Biden gives green light for US missiles to strike deeper into Russia

The approval is what Ukraine's President Zelensky has been urging for months.

www.bbc.co.uk

 

[Eric the meek]

Sometimes, you can look back (with the benefit of hindsight), and conclude that, yes, that was a turning point.

With the passage of time, we may look back at today, a day on which Russia unleashed a brutal multiple missile and drone attack on civilian targets in Ukraine, raising a finger at the prospect of peace talks, and it finally persuaded Biden to do this.

It might be that today was a strategic mistake by Putin.

 

[GT49er]

Ukraine latest: Biden gives green light for US missiles to strike deeper into Russia

The approval is what Ukraine's President Zelensky has been urging for months.

www.bbc.co.uk

Here we go ...............................

 

[Munchkin]

Sometimes, you can look back (with the benefit of hindsight), and conclude that, yes, that was a turning point.

With the passage of time, we may look back at today, a day on which Russia unleashed a brutal multiple missile and drone attack on civilian targets in Ukraine, raising a finger at the prospect of peace talks, and it finally persuaded Biden to do this.

It might be that today was a strategic mistake by Putin.

Or the day that triggered WW3. Scary times.

 

[raymondo]

Lewis Goodall (@lewisgoodall.bsky.social)

NEW: President Biden given permission to Ukraine to use long range US missiles inside Russia for the first time. Major change in US policy, two months before Trump takes office. Biden has authorised it in response to North Korean troops being deployed to the frontlines.

bsky.app

Brilliant news.