Russia's industrial output falls 18.8% in January

Posted by mminnick 11 years, 2 months ago to Business
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Even the Bear has troubles. Wonder haw the Dragon is doing. The Eagle is still sickly.

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  • Posted by Robbie53024 11 years, 2 months ago in reply to this comment.
    China's economic activity over the past several years has been buoyed by internal infrastructure expenditures. Huge cities lie empty because the populace cannot afford the housing. And for some, they bought apartments on speculation that they could be sold later to a higher bidder. This whole economy has collapsed. Thus my comment on the dragon eating it's own tail.
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  • Posted by Robbie53024 11 years, 2 months ago
    The dragon seems to have gotten sickly from eating it's own tail.
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  • Posted by ObjectiveAnalyst 11 years, 2 months ago
    When everyone on the planet is practicing various levels of Marxism, no one will prosper. I heard a report the other day that claimed China's output was also on the decline. The story was blaming it on automation. I believe this could be countered with increased entrepreneurial activity by increasing the product lines. But, who is inclined to gamble and invest in an economy like that?
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  • Posted by overmanwarrior 11 years, 2 months ago
    The industrial output is likely down because of the Sochi Olympics. They had everything already built, so there wasn't anything else to do.

    Beverage sales and hot dogs are probably on the rise. (do they have hot dogs in Russia?)
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