The ruble hit a 17-month low against the dollar Monday, highlighting the growing squeeze on Russia’s economy from Western sanctions and a slump in export revenues.
You still can’t do basic logic here. Russian currency is not at a 17-month low. That doesn’t even make sense. The exchange rate between the USD and RUB is at a 17-month low. It’s been lower before. It spiked up in 2022. What’s the root cause? What’s the impact? What other data points do you have for comparison?
The fact that I went to college is meaningless. The fact that we both went to college in the same culture and generally have the same upbringing and that you and I disagree should tell you there’s more to the story than me being a paid shill. And here’s where the evidence matters. You frame the exchange rate trend as “Russian currency is low” and I frame it as “The rate of exchange is low”. You think the Russian currency being low is an indicator of Russia’s imminent collapse from internal economic woes. I think the exchange rate trend is happening with other countries as well and that the countries in question have completely different relationships to Western sanctions. You think all I do is pump Russian talking points, but I am concerned about the weakening of the RUB against the CNY because that exchange rate is going to matter far more in the long term than the exchange rate between the RUB and the USD.
Dude… This exchange is literally, “Factual data indicates that Russian currency is at a 17-month low.” Your response: “Lol, no. I went to college.”
Annnnd that’s basically your whole comment history? If you’re not a paid shill… You should probably submit a resume?
You still can’t do basic logic here. Russian currency is not at a 17-month low. That doesn’t even make sense. The exchange rate between the USD and RUB is at a 17-month low. It’s been lower before. It spiked up in 2022. What’s the root cause? What’s the impact? What other data points do you have for comparison?
The fact that I went to college is meaningless. The fact that we both went to college in the same culture and generally have the same upbringing and that you and I disagree should tell you there’s more to the story than me being a paid shill. And here’s where the evidence matters. You frame the exchange rate trend as “Russian currency is low” and I frame it as “The rate of exchange is low”. You think the Russian currency being low is an indicator of Russia’s imminent collapse from internal economic woes. I think the exchange rate trend is happening with other countries as well and that the countries in question have completely different relationships to Western sanctions. You think all I do is pump Russian talking points, but I am concerned about the weakening of the RUB against the CNY because that exchange rate is going to matter far more in the long term than the exchange rate between the RUB and the USD.
We are not the same.