Dislocations From Sanctions Are Deep And Significant
Thanks for the update.
What do you make of this depressing analysis?
This is the kind of data that makes for interesting speculation. Will the Russian citizens - who were never enthusiastic about the war, and are now facing a declining standard of living - dare to slowly build up a grassroots movement against Putin? Will the Russian oligarchs - annoyed that their oil profits are down and assets have been confiscated by other world powers - rally to hurry up and end the war, or will they simply conspire to replace Putin? Will China’s top dogs be more inclined to partner militarily with Russia - because they can impose more favorable terms - or decide that Putin’s a loser and turn their attention elsewhere? What an intriguing year this might be!