Perfect example of the importance of diversification.
50% of Russia's revenue comes from oil exportation. When 50% of your nation's income loses half it's value within one year, you're pretty much screwed. That also doesn't factor in the corruption and extreme financial inefficiencies the Russian economy has to deal with on a daily basis.
Perfect example of the importance of diversification.
50% of Russia's revenue comes from oil exportation. When 50% of your nation's income loses half it's value within one year, you're pretty much screwed. That also doesn't factor in the corruption and extreme financial inefficiencies the Russian economy has to deal with on a daily basis.
You make a great poont but I'm hearing CollegeDoog has this in his wheelhouse. I'm just waiting for him to come back so he can educate us all.
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finance.yahoo.com/news/collapse-russia-3-charts-123921807.html
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BRB, R&T.
Instead of just using the dead guys facial skin, he cut off half his skull and fused it on his own face.
50% of Russia's revenue comes from oil exportation. When 50% of your nation's income loses half it's value within one year, you're pretty much screwed. That also doesn't factor in the corruption and extreme financial inefficiencies the Russian economy has to deal with on a daily basis.