Russia’s central bank on Friday raised its key interest rate by two percentage points to a record-high 21% in an effort to stem growing inflation as massive government spending on the military amid the fighting in Ukraine strains the economy’s capacity to produce goods and services and drives up workers’ wages.
Three days to Kyiv!
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Are you suggesting that a 21% interest rate is a sign of a healthy economy?
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Did you never take high school economics or did you just sleep through it?
I just assume they’re all 13 and haven’t taken the class yet
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You don’t have to know more than basic high school economics to understand why a 21% interest rate is disastrous for any nation. Russia isn’t special.
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See… the problem with saying things like this on the Internet is that people can check right away and see that you’re saying something that isn’t true.
https://tradingeconomics.com/russia/interest-rate
Hook me up with your dealer, as it seems they have some pretty potent stuff.
I wish my emotions could sculpt my perceptions as massively as yours do for you.
Ignorance truly is bliss.
Next stop: find out.