Russia Can Endure Pain More Than EU, JPMorgan Says: Video - Bloomberg:
(Allow video to load after clicking play or go to link above)
Russia has a history of being able to endure pain and can do so more than the U.S. or Europe, according to Andrew Goldberg, global market strategist at JPMorgan Asset Management. He speaks with Jonathan Ferro on Bloomberg Television's "On the Move." (Source: Bloomberg - Aug 6)
Mish's Global Economic Trend Analysis: How About Them Apples?: "The Ukrainian economy is in ruins over the war and the collapse in trade with Russia as the cry from President Obama and Senator John McCain for for more sanctions on Russia grows. Sanctions are not not very bright. No one wins in a trade war. And Europe is about to find out in a big way."
Yes, US policy has been "stuck on stupid" ever since 9/11 and even the change of administrations (from Bush to Obama) hasn't really changed this -- the sanctions of the Obama administration against Putin's Russia were really stupid and ineffective-- and could lead to really damaging counter-sanctions. Read a little history and you will discover Russia (Soviet Union) sacrificed more than 20 million lives defeating Hitler's Germany. Dealing with the Obama administration's sanctions will be like a cakewalk in comparison.
Tweet Follow @johnmpoole
When the facts change, I change my mind. What do you do? -- John Maynard Keynes
The Big Picture
Financial Crisis - The Telegraph
JohnTheCrowd.com | The Sailing Website
Craig Newmark - craigconnects
- ► 2015 (131)
- Barry Ritholtz Interviews Jim Chanos (audio)
- DoubleLine's Jeffrey Gundlach, US 10-year yields, ...
- Europe, Economic Reality, Markets, Magical Thinking
- What State is the Biggest Loser?
- Military expenditure as percentage of GDP
- Why Would the US Want to Militarize Its Police?
- Geopolitics Only Cloud for Global Economy, Fred Ne...
- Absurd US Government Programs to Overthrow Cuban G...
- Barry Ritholtz interviews Jack Brennan, former Van...
- China Hasn’t Really Averted a Crash - Jim Walker, ...
- Bull vs Bear Debate, Where Do Stocks Go From Here?...
- Stock Prices High, Global Risks, Investor Anxiety
- Yahoo Sports, Marissa, Woj
- Arrogance Is Good, In Defense of Silicon Valley (v...
- Michael Mauboussin, Barry Ritholtz Interview (audio)
- Nobu Master Chef, Making Perfect Sushi (video)
- How Top 1% Hoard Cash Offshore (Bloomberg video)
- Time to Be Opportunistic in Investing says Lisa Sh...
- Yazidis from Iraq Tell of Harrowing Escape From Is...
- Who's in Charge of Iraq Right Now? Washington Clue...
- Russia Can Endure Pain More Than EU or US says JPM...
- Snapchat Really Worth $10 Billion? (video)
- Housing recovery is over, plus underwater mortgages
- Jeremy Grantham, M&A Boom, Bubble, It Will All End...
- Hong Kong, Singapore, Popping Housing Bubbles (Video)
- Who Will Buy Yahoo and Solve the Marissa Problem?
- Barack Obama, Ted Cruz, Trolling
- Wall Street: Rules of the Game OR Rules Gamed
- Stephen Roach, US View on Currency and Trade (video)
- Rob Arnott interviewed by Barry Ritholtz
- Argentina Default, Ripple Effects (video)
- ▼ August (31)
- ► 2013 (380)
- ► 2012 (423)