Russia Can Endure Pain More Than EU or US says JPMorgan (video)

Russia Can Endure Pain More Than EU, JPMorgan Says: Video - Bloomberg:
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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.

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Obama Blew It, Secession of Crimea from the Ukraine

Russia Has Legitimate Interest in Ukraine: Klau: Video - Bloomberg: "March 6 (Bloomberg) -- Thomas Klau, Senior Policy Fellow at European Council on Foreign Relations, discusses the historic relationship between Russia and Ukraine, and possible actions from the EU amid the crisis. He speaks on Bloomberg Television’s “The Pulse.” (Source: Bloomberg)"

Russians Back Secession of Crimea and Pressure Kiev - NYTimes.com: "Leaders of both houses of Russia’s Parliament said on Friday that they would support a vote by Crimea to break away from Ukraine and become a new region of the Russian Federation, the first public signal that the Kremlin was backing the secessionist move that Ukraine, the United States and other countries have denounced as a violation of international law."

I am disappointed and amazed at the sophomoric Obama administration, particular the White House staff who think they are somehow being smart or cute by ridiculing President Putin. Putin is no Mitt Romney. And Obama and his administration have made a big mistake and repeated miscalculations in their handling of the Ukraine issue, particularly Crimea. The Russian naval base on Crimea is the equivalent of the US naval base at Pearl Harbor before Hawaii ever became a state. Crimea was part of Russia long before the Soviet Union came into being. It was nominally made a part of the Ukraine by Soviet Union premier Nikita Kruschev (himself a Ukrainian) but that had no practical effect since the Ukraine was then part of the Soviet Union. The majority of people on Crimea are ethnically Russian and speak Russian. Does Obama really think Putin is going to allow Ukraine, with Crimea in tow, to join the EU and NATO and take away Russia's Pearl Harbor--even when the majority of Crimeans want to be allied with, or part of, Russia? For more info: http://en.wikipedia.org/wiki/Crimea and here.

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