Over on the powerful and influential American Thinker blog, LR publisher and founder Kim Zigfeld explains why it is simply a myth that Russia’s extensive hard currency reserves are its biggest economic strength. In fact, they are its biggest economic weakness.
Over on the powerful and influential American Thinker blog, LR publisher and founder Kim Zigfeld reviews a recent report on the Russian economy by the Organization for Economic Cooperation and Development in Europe. The report offers shockingly grim analysis of the Russian education system, concluding it is simply not prepared to equip Russians for global competition, and offers a bleak assessment of Russia’s economic prospects under Putin.
Due to Vladimir Putin’s mismanagement, the Russian economy has sustained six straight quarters of declining economic growth and now stands on the precipice of a massive recession. Kim Zigfeld has all the details over at the mighty Pajamas Media blog.