InvertedParallax
Australia WAS the death penalty.
Asian countries dont believe in importing finished goods, they play using mercantile economics, try to figure out how to climb the value chain while fiercely protecting domestic markets.
But russia is a natural resource gold mine, and exporting them has gotten russia pretty damn far up to now.
Of course they fucking do, sigh.
I had something similar with everquest.
Hadn't played it for decades but it still had a deep hold on my soul.
Found a server with gentler rules, worked my way up to a decent level very quickly, felt so good, that monkey is off my back for good.
Low rates brought on very slim capital structures financed by corporate paper.
We would deleverage, but it would hurt returns and generally be unpleasant, plus we'd go back to corporations sitting on mountains of cash "just in case".
Nah, they have China, resources for rubles.
This just means they have no other option.
I'm an American, we used to look up to the British and we understood why they thought of us as uncultured, unsophisticated backwoods rubes.
We don't have that perception anymore... :)
Man, Tim Apple sounds pissed.
The Russian multi-purposes frigate
Western propaganda hard at work again I see.
It's a multipurpose frigate that transforms into a submarine, just like the Moskva.
It's a very sensitive subject, especially near the tip.