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Everything posted by Moonbox
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...which in this case, is the RoC. Probably not, but I'm an equal-opportunity critic of subsidizing non-viable business/communities. The government just gave $10B to build a battery plant an hour and a half away from me, and we'll likely never recover that investment. Much like the Ontario government did with solar subsidies over a decade ago, that industry only existed because of subsidies, and it disappeared when they ended. It's dumb.
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Most of what Putin says publicly is bluster and balogna. The problem is that he's been so public and adamant on his demands and his ability to achieve them, that falling short will be a humiliation. The problem for Russia is that the war was a disaster to start. Short of a quick, clean victory, there's no scenario where Russia is better off than before Feb 2022. Their consumer economy is devastated, and their "growth" is entirely based on unsustainable, deficit-financed military spending that adds no value. The worst part about all of this is that whatever territory they do take, they've devastated and can't afford to rebuild. The whole thing has been a fiasco for them. At this point I start to wonder if a stalemate is the goal. Putin can't afford to lose the war, but I'm not sure he can afford to win it either. It was a joke. Even the Kremlin is calling it a war now. The one thing I definitely underestimated when the Russian army faceplanted was the cowed servility of the average Russian peasant. To go two years insisting that this was just "a special military operation" when everyone knew better was a joke in and of itself, but the Russians just sort of went along with it anyway.
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Neither can Putin, insisting on Ukraine capitulating territory that Russia doesn't even control (fully or otherwise). Europe will support them, even if Trump does not. I have my doubts about how willing/able Trump would be to cut and run as well, given how most of the Republican Party is firmly on board with aid to Ukraine. It's not a war. It's a special military operation. 😐
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They both keep saying they're open to talks. The conditions they place on those talks (particularly Putin) make that a laugh. It's already disastrous for Russia. Half a million more casualties and two more years of debt-financed military economy for a country that was already spiraling into demographic decline is going to be bad bad bad.
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Yes, but if you're going to quote the IMF's data, why would you dismiss their write-up? The analysis and context they provide is more meaningful than the single data point pulled by a history grad writing for the National Post, wouldn't you think? The actual economists (both at the IMF and domestically) are aware that a single economic data point is meaningless, and they're painfully clear that this is a matter of population growth and immigration, rather than economic outperformance.
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I do understand all of that, and I don't even disagree with what you're saying. That doesn't make the article you quote any less of a useless stream-of-consciousness rant in the opinion section of a rag newspaper. The article offers nothing but angry conjecture, supposition and retarded conclusions - chicken soup for the ignorant. Of course you posted it here. 🥱
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Speaking of narratives... "The Canadian economy appears to have achieved a soft landing: inflation has come down almost to target, while a recession has been avoided, with GDP growth cushioned by surging immigration even as per capita income has shrunk." https://www.imf.org/en/News/Articles/2024/07/16/pr24276-canada-imf-exec-board-concludes-2024-art-iv-consult "Fastest growing economy in the G7" sounds great, but the IMF didn't say that. Their economists know to dig a bit deeper and put those numbers in context.