One and the same.Nope it's Amnesia
One and the same.Nope it's Amnesia
Thems the choices isn’t it. Stay in a small enclave and be shelled or take your chances somewhere else.
The Ukrainians seem in no hurry to surrender to spare anyone so… pays your money and takes your choice.
I’m not entirely sure rape and murder are compulsory.
The UK has 200 rapes a day. We’re not at war.
I see some elements of the Ukrainian refugee population are showing their gratitude for the UK handing over millions and millions of pounds in money and military equipment, and as a result being threatened with our island becoming a real world Atlantis by taking our government to court over alleged slothfulness.
Classy and bound to raise more than my own hackles I feel. Whilst one can obviously see they may be under considerable stress, falling seemingly gladly into the clutches of the worst of our legal profession is not a good look. Rather than a legal class action case against Mrs. Patel perhaps some visible gratitude for just how far we have stuck our necks out already for these people would be more in order?
One and the same.
Can't post the tweet because it shows death
Seems they were just waiting at a bus stop to go home from work
But the 100 who got freed didn't get raped or killed according to the UN, they should really release more civilians though.Because if they surrender they get killed....
They are with regards to the Russian army, also not sure what your little UK part has to do with anything?
Despite the headlines by certain publications no Ukrainian refugees are taking Mrs Patel to court.
Explain what you've done to stick your neck out? Other than raising your hand each time Putin said his boot was dirty.I see some elements of the Ukrainian refugee population are showing their gratitude for the UK handing over millions and millions of pounds in money and military equipment, and as a result being threatened with our island becoming a real world Atlantis by taking our government to court over alleged slothfulness.
Classy and bound to raise more than my own hackles I feel. Whilst one can obviously see they may be under considerable stress, falling seemingly gladly into the clutches of the worst of our legal profession is not a good look. Rather than a legal class action case against Mrs. Patel perhaps some visible gratitude for just how far we have stuck our necks out already for these people would be more in order?
Thanks for this. I now understand!FX market rates in medium and short term are a result of flows, in simple terms supply and demand. Longer term fundamentals should work (ie different in real rates, inflation, balance of payments) but they really don't.
So FX rate can be floating, pegged or target a certain band. Rouble was free floating with market demand and supply doing the heavy lifting for the price discovery. Even though Russia is a next exporter (which in theory should lead to appreciating stronger currency) its currency was undervalued according to PPP metric by about 2/3 of its value.
Come in effect sanctions that freeze Russia's central banks foreign reserves (accumulated USD,EUR and other basket of currencies invested in various fixed income assets across the world) as well as introducing swift bans and other measures that in effect. That causes a huge capital flight out of the country, everybody who can rushes to convert their roubles into other currencies. Demand for rouble is zero. Central bank has its reserves frozen and cannot use it to stabilise the FX rate. Rouble starts collapsing.
Russian government and central bank enact certain laws and rules so as to prevent the capital flight. 80% of foreign currency income has to be converted into rouble. Citizen cannot convert more than $10k USD (flat number, not per month or year) until a certain date ( I don't remember which).
A lot of people online seem to resort to copium that rouble appreciation is artificial but in reality rouble depreciation was also artificial. There's an economic war going on.
As Russia has introduced capital controls it has all the ability to set up any rouble rate it wants, it is not longer a function of a free market price discovery.
Once again, a lot of people not familiar with economics are looking to see the effect of the economic war on the exchange rate but it is not productive. If you want to see sanctions damage then look at GDP forecast growth. At the moment it is expected that the Russia economy will contract by 10% but the situation is very fluid and may change dramatically demanding how things will unfold and whether more heavy sanctions and or oil embargo will hit. (in case of historical analysis I do not remember figures exactly but roughly it was estimated that 2014 sanctions against Russia caused about 1.5-2.5% of GDP loss per year for Russia).
Thanks for the writeup. There's a similar explanation from Money & Macro. Thoughts on his reliability too?FX market rates in medium and short term are a result of flows, in simple terms supply and demand. Longer term fundamentals should work (ie different in real rates, inflation, balance of payments) but they really don't.
So FX rate can be floating, pegged or target a certain band. Rouble was free floating with market demand and supply doing the heavy lifting for the price discovery. Even though Russia is a next exporter (which in theory should lead to appreciating stronger currency) its currency was undervalued according to PPP metric by about 2/3 of its value.
Come in effect sanctions that freeze Russia's central banks foreign reserves (accumulated USD,EUR and other basket of currencies invested in various fixed income assets across the world) as well as introducing swift bans and other measures that in effect. That causes a huge capital flight out of the country, everybody who can rushes to convert their roubles into other currencies. Demand for rouble is zero. Central bank has its reserves frozen and cannot use it to stabilise the FX rate. Rouble starts collapsing.
Russian government and central bank enact certain laws and rules so as to prevent the capital flight. 80% of foreign currency income has to be converted into rouble. Citizen cannot convert more than $10k USD (flat number, not per month or year) until a certain date ( I don't remember which).
A lot of people online seem to resort to copium that rouble appreciation is artificial but in reality rouble depreciation was also artificial. There's an economic war going on.
As Russia has introduced capital controls it has all the ability to set up any rouble rate it wants, it is not longer a function of a free market price discovery.
Once again, a lot of people not familiar with economics are looking to see the effect of the economic war on the exchange rate but it is not productive. If you want to see sanctions damage then look at GDP forecast growth. At the moment it is expected that the Russia economy will contract by 10% but the situation is very fluid and may change dramatically demanding how things will unfold and whether more heavy sanctions and or oil embargo will hit. (in case of historical analysis I do not remember figures exactly but roughly it was estimated that 2014 sanctions against Russia caused about 1.5-2.5% of GDP loss per year for Russia).
Thanks for the writeup. There's a similar explanation from Money & Macro. Thoughts on his reliability too?
Absolutely agree with this and the posts it is in reaction to:
Presumably the speech is linked to the purchases? I wondered how they were going to get China to not substitute for the cancelled orders from their oil embargoes, without applying the same rules to India and others whom they're trying to court into an anti-China bloc. Presumably secondary sanctions would have to apply to every importer of Russian oil, exporting inflation to them against their will?*U.S. Secretary of State Blinken to Deliver Speech Thursday Outlining U.S. Policy Toward China -Statement
*Donetsk Region Governor Kyrylenko: 21 Residents Died, 27 Injured in Russian Attacks on Tuesday
*China’s Independent Refiners Start Buying Russian Oil at Steep Discounts — FT
Presumably the speech is linked to the purchases?