higurashihougi wrote:Farewell, Western partners. Russia is turning East.
Western-Russia contracts lost during the sanction are forever and ever. Since China and BRICS partners are eager to fill the vacuum.
Yup, but not to worry for our Western partners - they can export to the Ukraine instead, they earned it after all
Ahhhh, the infinite bonanza of Ukrainian economic miracle, how will Russia ever live without it....
There are still Romania, Poland, Georgia, Baltic States,... all the politicians in these countries, well you know, are eager to buy whatever Western stuffs which are rejected by Russia.
Today the consumption of printed circuit boards in the domestic market has been growing. Thus, only 30% of domestic production, while 70% - for products of foreign origin. Under the sign of Western sanctions and the collapse of the ruble, when the state adopted the policy of import substitution, and the business strives to maximize the savings budgets, from the Russian manufacturers need solutions that are affordable and not inferior in quality to foreign. But to do cheaper alternatives, when it comes to complex products, is a model of South-East Asia, where the resemblance and low cost often prevail over quality. The company "Svyaz engineering", which is a major on the Russian market of industrial electronics and electrical engineering, decided to go the other way: in 2010, the company's management made the decision on creation of subsidiaries - research and production complex "Svyaz engineering KB" with its own design office. So, for the first time since 1991, Russia was designed and over 26 months built from the ground up a modern plant for the production of printed circuit boards. The plant is located on the territory of the special economic zone "Dubna" on a plot Area of 2.4 ha. of scientific and industrial buildings amounted to 12 thousand m2. Originally intended to produce large batches of PCBs, but in the process of designing the task was adjusted. The plant will manufacture prototypes and small series of bilateral and multi-layer (up to 25 layers) boards of a wide range and high degree of complexity — class 6 accuracy according to the Russian classification (or grade 10 European), which corresponds to an advanced level. Projected production flexibility allows us to fulfill orders in the shortest time and easily restructure technology if customers new needs.
Definitely a good read. Please go to the link to have photos and the whole article.
higurashihougi wrote:Farewell, Western partners. Russia is turning East.
Western-Russia contracts lost during the sanction are forever and ever. Since China and BRICS partners are eager to fill the vacuum.
I believe it would Russia atleast 10 years of concentrated effort to turn away from West towards East in its economic development , It may be just like 50 % of exports will come from East after 10 plus years.
Russia has carefully crafted its economic Model over 25 years that its economic model is dependent on West particular Europe.
It wont be easy for them to shift to Asia say even in 5-8 years , It would take time but it would happen.
I fear when the sanction by EU gets lifted due to their own economic interest at stake then Russian State and Oligarch would go back sucking up to EU and life will go on
Yes, sanction, the West blabbers about it sooo much then just let them taste it.
====== ======
Austin wrote:I believe it would Russia atleast 10 years of concentrated effort to turn away from West towards East in its economic development , It may be just like 50 % of exports will come from East after 10 plus years.
Russia has carefully crafted its economic Model over 25 years that its economic model is dependent on West particular Europe.
It wont be easy for them to shift to Asia say even in 5-8 years , It would take time but it would happen.
I fear when the sanction by EU gets lifted due to their own economic interest at stake then Russian State and Oligarch would go back sucking up to EU and life will go on
Russia turned East not because of sanction. It is because the East provides a potential opportunity for Russian enterprises.
My suspect is that, Western market has already been nearly saturated for Russia. Recent economic crisis forced the Western people to reduce their consumption in general, and that negatively affected Russian bussiness in the West. And naturally, Russia companies should explore new market in somewhere else. Sooner or later Moskva will change its focus to China, India, Pacific, etc etc. Where the economy is on the rise and the demands and consumption is also on the rise. And the so-called sanction is just a cause for Russia to use to boost the process.
However that takes time for Russia to change its economic structure and for Eastern economy to be matured enough. Unlike China who dominated the low-end market, Russian exports mainly belong to high-end stuffs, like luxuries, weapons, high-tech products (space rockets, titanium, machines, zicron for nuclear plants, oil drillers,...) and the Eastern countries need some times to develop enough to have a strong need for them.
So during that transition time, we expected economic stagnation. The 5% GDP decrease is Russia's farewell gift for its old partners in the West, forever and ever.
Yes, sanction, the West blabbers about it sooo much then just let them taste it.
====== ======
Austin wrote:I believe it would Russia atleast 10 years of concentrated effort to turn away from West towards East in its economic development , It may be just like 50 % of exports will come from East after 10 plus years.
Russia has carefully crafted its economic Model over 25 years that its economic model is dependent on West particular Europe.
It wont be easy for them to shift to Asia say even in 5-8 years , It would take time but it would happen.
I fear when the sanction by EU gets lifted due to their own economic interest at stake then Russian State and Oligarch would go back sucking up to EU and life will go on
Russia turned East not because of sanction. It is because the East provides a potential opportunity for Russian enterprises.
My suspect is that, Western market has already been nearly saturated for Russia. Recent economic crisis forced the Western people to reduce their consumption in general, and that negatively affected Russian bussiness in the West. And naturally, Russia companies should explore new market in somewhere else. Sooner or later Moskva will change its focus to China, India, Pacific, etc etc. Where the economy is on the rise and the demands and consumption is also on the rise. And the so-called sanction is just a cause for Russia to use to boost the process.
However that takes time for Russia to change its economic structure and for Eastern economy to be matured enough. Unlike China who dominated the low-end market, Russian exports mainly belong to high-end stuffs, like luxuries, weapons, high-tech products (space rockets, titanium, machines, zicron for nuclear plants, oil drillers,...) and the Eastern countries need some times to develop enough to have a strong need for them.
So during that transition time, we expected economic stagnation. The 5% GDP decrease is Russia's farewell gift for its old partners in the West, forever and ever.
Well after Ukraine gas drama media says other customers might want to be a bit careful and seriously Russia cant make pipelines everywhere. For eg India. Its still a problem. The only reason why Iranian pipeline TAPI never got built was because of hostile nations. Ships are better. Will S.Korea allow a pipeline from Russia to pass through NK? Unlikely. I dont know about Russia-Japan gas purchases.
max steel wrote:Well after Ukraine gas drama media says other customers might want to be a bit careful and seriously Russia cant make pipelines everywhere. For eg India. Its still a problem. The only reason why Iranian pipeline TAPI never got built was because of hostile nations. Ships are better. Will S.Korea allow a pipeline from Russia to pass through NK? Unlikely. I dont know about Russia-Japan gas purchases.
Fitch will maintain an investment grade rating of the Russian Federation until the level of public debt remains low http://tass.ru/ekonomika/2244019
Fitch forecasts a decline in GDP of Russia in 2015 to 3.5-4%.
In July 2015 Fitch Ratings affirmed the long-term issuer default ratings of Russia's foreign and local currency ratings at BBB- investment with a "negative" outlook.
As noted by experts of the agency if, in spite of the economic shock and the use of the Reserve Fund to finance the budget, the balance of sovereign Russia remains strong relative to comparable issuers.
At the end of 2014 the public debt amounted to 12.7% of GDP, estimated at Fitch.
As said, Fitch and the rest are a joke (fitch being lesser of a joke though imo). They need to refrain from speculations as we have all now seen evidence of numbers not even matching predictions.
That said, having a low rating because public debt is a joke, especially for Russias lower public debt compared to others. Public debt being 12% of gdp is funny since Japans, US and the like is beyind that by a massive margin yet they dont face investme.t rating drops.
sepheronx wrote:As said, Fitch and the rest are a joke (fitch being lesser of a joke though imo). They need to refrain from speculations as we have all now seen evidence of numbers not even matching predictions.
That said, having a low rating because public debt is a joke, especially for Russias lower public debt compared to others. Public debt being 12% of gdp is funny since Japans, US and the like is beyind that by a massive margin yet they dont face investme.t rating drops.
It is pure Orwellian newspeak to invoke the small size of the sovereign debt as a reason for the low rating. The country level credit ratings are actually related to the individual consumer ratings. They reflect your ability to pay your debts and your risk of default. They don't reflect nonsense like your debt is "too small". We are not talking about a few dollars here but billions.
These NATO based ratings agencies a clearly politically motivated in their evaluations. There is no excuse for their nonsense ratings. And I dare anyone to provide a single valid excuse.
sepheronx wrote:As said, Fitch and the rest are a joke (fitch being lesser of a joke though imo). They need to refrain from speculations as we have all now seen evidence of numbers not even matching predictions.
That said, having a low rating because public debt is a joke, especially for Russias lower public debt compared to others. Public debt being 12% of gdp is funny since Japans, US and the like is beyind that by a massive margin yet they dont face investme.t rating drops.
It is pure Orwellian newspeak to invoke the small size of the sovereign debt as a reason for the low rating. The country level credit ratings are actually related to the individual consumer ratings. They reflect your ability to pay your debts and your risk of default. They don't reflect nonsense like your debt is "too small". We are not talking about a few dollars here but billions.
These NATO based ratings agencies a clearly politically motivated in their evaluations. There is no excuse for their nonsense ratings. And I dare anyone to provide a single valid excuse.
...It's Orwellian alright, I mean isn't paying off your debt and maintaining the Debt-to-GDP at a low percentage the core of the so called 'ratings'? Maybe these ratings agencies have been working second jobs at the Golf Network lol?
Entrepreneurs in the southernmost Russian Altay Republic plan to formally thank US President Barack Obama and German Chancellor Angela Merkel for boosting tourism in the region, the republic’s newspaper reported Thursday.
"There was twice the number of holidaymakers [this year]… We can expect the next tourist season to be as high," the Zvezda Altaya quoted the gesture-of-gratitude initiative's author, Ivan Yuzhakov.
Yuzhakov is cited by the regional outlet saying a group of entrepreneurs from the Altay Republic’s Lake Teletskoye intends to send thank-you letters to Obama and Merkel once the season wraps up......................
I was always skeptic about the predictions of US economy collapse... Because Russian media have been saying that since 2008 ,into something much bigger.. And the same said by Max Keyser for years but nothing. .actually in this Economic Oil crisis it seems it helped the US dollar value ,while seriously damaging Russia..
But now is not just RT media , but real respectable economist in the west..
An American scientists who won the 2013 economics Nobel prize ... sounds like someone that knows something of economy and should be listened.. is now saying the same.. that US economy is going to collapse at the level of 2008-2009 at least.
Now what the major difference is that there will be no China to give a loan to americans.. because of the really bad relations between them.. and Neither Japan can give more loans they are really in debt.. Who is going to give a loan to AMerica? Germany? after all the damages Obama have done on its economy?
I have to admit.. i never liked any topics about Economy.. i only like to spend money and thats it.. and have money to buy nice thing..
But now all this looks more and more interesting , since the economic warfare of Americans began on Russia.. watching that ruble go low and go high and go low and go high ,Ruble rebounce and stabilize. Is like watching a baseball game.. where one team is badly losing ,but in the final minutes tie the score cards and manage to the extend the game for several extra time.. Its like like world economy should be simulated in a Card Board game..
Wondering if Economist and central banks have such game simulators where people can compete to sink the other side economy. Is all really complicated.. The oil is low ,damage profits of Russia but because the Dollar is all time high and Ruble very low it benefits Russia. Crazy indeed.. Then if Dollar is too high , gold value is low.. then Russia reserves are in RUbles and Euros.. so it needs to boost Euro value ..but at the same time sanctions on them on food imports to control the inflation.. then US hit China stocks..and china retaliates lowering the value of its currency.. and it cause some damage on US economy. It looks like crazy complex many dimensions game.. to the world economy.. never tought it could be that interesting.. and whats make it more interesting is that i never though US economy could be touched.. since it have been said they can print all the money they want and never paid it debt. So it looks like Russia and CHina can play after all.. in the world economy. and keep playing. It looks in another sense like a poker game.
Wondering if it would have been fun to become a trader /speculator in wallstreet. with my observations skills im sure will have done a lot of money.. Buy sell ,sell buy.. and repeat.. maybe im watching too much Movies.. like trading places ..anyone remember it?
Since this is thread is about automotives and not economy, this post should be moved to the respective thread. But it is an interesting post none the less.
Reason why people been saying that US economy will collapse is very simple two forms of evidence: (1) the amount of times US had to resort to Quantitive Easing and increasing debt limit to pay and (2) the evidence of US and Japan government helping each other purchase stocks for one another. In this case, both of these are simply government interfering in the market (so much for the concept free market) and pure money injection from out of thin air.
But for whatever reason, the USD kept increasing even though they went the Zimbabwe route for their economy as of late. More to do with the currency being the world reserve one. Because many other currencies have dropped. And that is what it is.
Can this charade last forever? If people just continue to follow through with all this, then yes. If people decide to abandon USD as a reserve and trade in their respective currencies, then no. So it really is up to the people and other countries. But US wont want that and will try to prevent that (maybe through war) in order to keep the status quo. If it all comes down on them, then they are in deep trouble. 1998 Russia (or worst) trouble.
sepheronx wrote:Since this is thread is about automotives and not economy, this post should be moved to the respective thread. But it is an interesting post none the less.
Reason why people been saying that US economy will collapse is very simple two forms of evidence: (1) the amount of times US had to resort to Quantitive Easing and increasing debt limit to pay and (2) the evidence of US and Japan government helping each other purchase stocks for one another. In this case, both of these are simply government interfering in the market (so much for the concept free market) and pure money injection from out of thin air.
But for whatever reason, the USD kept increasing even though they went the Zimbabwe route for their economy as of late. More to do with the currency being the world reserve one. Because many other currencies have dropped. And that is what it is.
Can this charade last forever? If people just continue to follow through with all this, then yes. If people decide to abandon USD as a reserve and trade in their respective currencies, then no. So it really is up to the people and other countries. But US wont want that and will try to prevent that (maybe through war) in order to keep the status quo. If it all comes down on them, then they are in deep trouble. 1998 Russia (or worst) trouble.
Ops.. i thought i was posting it.. in the economy thread.. i agree should be moved there.
Why are Liberal Economists Outraged by Putin Advisor's Reform Proposals?
On Tuesday, economist Sergei Glazyev will submit a report to Russia's Security Council, offering his vision on how the country can overcome the effects of Western sanctions and return to economic growth. Last week, Glazyev's proposals leaked to the press, leading to a firestorm of criticism from Russia's liberal economists. Sputnik finds out why.
Sergei Glazyev, a Russian Ukrainian economist, politician, and specialist on the Eurasian Economic Union, will present his report to the Russian Security Council, a consultative body reporting to the Russian president charged with working out decisions on issues of national security, this Tuesday. His report, leaked to Russian business newspaper Kommersant last week, features a number of controversial, unconventional and decidedly anti-liberal proposals for dealing with the effects of Western sanctions, stabilizing the course of the ruble, and restoring economic growth.
The plan proposes a five-year 'road map' to Russia's economic sovereignty and long-term growth, and is ostensibly aimed at helping the country to avoid the 'stagflation trap' of economic stagnation and growing inflation. The plan is presented as being aimed toward building up the country's immunity to external shocks and foreign influence, and ultimately, toward bringing Russia out of the periphery and into the core of the global economic system.
The plan's ambitious goals include raising industrial output by 30-35 percent over a five year period, creating a socially-oriented 'knowledge economy' via the transfer of substantial economic resources to education, health care and the social sphere, the creation of instruments aimed at increasing savings as a percent of GDP, and a number of other initiatives, including a program aimed at transitioning to a sovereign monetary policy.
Why are Liberal Economists Outraged by Putin Advisor's Reform Proposals?
On Tuesday, economist Sergei Glazyev will submit a report to Russia's Security Council, offering his vision on how the country can overcome the effects of Western sanctions and return to economic growth. Last week, Glazyev's proposals leaked to the press, leading to a firestorm of criticism from Russia's liberal economists. Sputnik finds out why.
Sergei Glazyev, a Russian Ukrainian economist, politician, and specialist on the Eurasian Economic Union, will present his report to the Russian Security Council, a consultative body reporting to the Russian president charged with working out decisions on issues of national security, this Tuesday. His report, leaked to Russian business newspaper Kommersant last week, features a number of controversial, unconventional and decidedly anti-liberal proposals for dealing with the effects of Western sanctions, stabilizing the course of the ruble, and restoring economic growth.
The plan proposes a five-year 'road map' to Russia's economic sovereignty and long-term growth, and is ostensibly aimed at helping the country to avoid the 'stagflation trap' of economic stagnation and growing inflation. The plan is presented as being aimed toward building up the country's immunity to external shocks and foreign influence, and ultimately, toward bringing Russia out of the periphery and into the core of the global economic system.
The plan's ambitious goals include raising industrial output by 30-35 percent over a five year period, creating a socially-oriented 'knowledge economy' via the transfer of substantial economic resources to education, health care and the social sphere, the creation of instruments aimed at increasing savings as a percent of GDP, and a number of other initiatives, including a program aimed at transitioning to a sovereign monetary policy.
Why are Liberal Economists Outraged by Putin Advisor's Reform Proposals?
On Tuesday, economist Sergei Glazyev will submit a report to Russia's Security Council, offering his vision on how the country can overcome the effects of Western sanctions and return to economic growth. Last week, Glazyev's proposals leaked to the press, leading to a firestorm of criticism from Russia's liberal economists. Sputnik finds out why.
Sergei Glazyev, a Russian Ukrainian economist, politician, and specialist on the Eurasian Economic Union, will present his report to the Russian Security Council, a consultative body reporting to the Russian president charged with working out decisions on issues of national security, this Tuesday. His report, leaked to Russian business newspaper Kommersant last week, features a number of controversial, unconventional and decidedly anti-liberal proposals for dealing with the effects of Western sanctions, stabilizing the course of the ruble, and restoring economic growth.
The plan proposes a five-year 'road map' to Russia's economic sovereignty and long-term growth, and is ostensibly aimed at helping the country to avoid the 'stagflation trap' of economic stagnation and growing inflation. The plan is presented as being aimed toward building up the country's immunity to external shocks and foreign influence, and ultimately, toward bringing Russia out of the periphery and into the core of the global economic system.
The plan's ambitious goals include raising industrial output by 30-35 percent over a five year period, creating a socially-oriented 'knowledge economy' via the transfer of substantial economic resources to education, health care and the social sphere, the creation of instruments aimed at increasing savings as a percent of GDP, and a number of other initiatives, including a program aimed at transitioning to a sovereign monetary policy.
What do you guys think about Glazyev's economic strategy? is it promising? or is it simply unrealistic?
That plan would never get a go ahead in the West, it doesn't show results in 6 months. So, given the mess the West is in following its methods, I'd say its a pretty good plan that deserves to succeed. Its about time someone, apart from perhaps the Chinese, thought a few years ahead, not just until the next election or company result announcement.
Home
Latest images
Register
Log in
higurashihougi
lol?
