Foreign policy experts, though, have given economists a run for their money since Russia invaded Ukraine, prompting the US and Europe to wallop Russia with unprecedented sanctions designed to compel Vladimir Putin to stop his illegal invasion.
They fired a bazooka at their own feet, doing nothing to avert the war while crushing the competitiveness of European industry and slashing the living standards of ordinary Americans and Europeans. Goodbye German car industry, on current trends.
It’s worse, though. In late March Biden, under the advice of experts no doubt, said Russia’s currency would be turned to “rubble” by sanctions. This week the rouble reached a seven-year high against the US dollar, becoming the best performing currency in the world this year.
Interest rates on Russian 10-year government bonds, at about 9 per cent, are one percentage point lower than they were before the war. The Russian central bank is cutting interest rates as the Fed lifts them.
Soaring energy prices, as a result mainly of Western sanctions, have supercharged Russian oil and gas revenues, quadrupling the Russian government’s budget surplus in May compared with the same month a year ago, as Putin gloated in St Petersburg last week.
Security and intelligence experts haven’t done much better, routinely foreshadowing the collapse of Russian forces, or even the imminent death of Putin from a variety of diseases, all while those forces appear to have slowly occupied a fifth of Ukraine, including the crucial land corridor between Crimea and Russia.
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Excellent article by Adam Creighton.
He pretty much nails the so-called experts.
So, the real Wussia Wussia Wussia lovers turn out to be The USA Democrat Party.
Coincidentally the party that created the KKK and Jim Crowe Laws and killing babies and old people AND figured it was a fun thing to do by shutting down Mental Hospitals because … we all live in gated communities !!!!
And did I really and truly read or was it a nightmare that diktater dan is going to appoint a “mental elf worker” in every Queen Victoria school?
“I Have Risen from Working in the Cotton Fields to Representing the Community I love in US Congress” – Rep. Mayra Flores Delivers Her First Speech to Congress
Nice of Mr Creighton to say.
Finally speaking professionally, it seems, rather than as an expert .
Mr Creighton appears to believe that Russia’s invasion should have had no consequences. His tone betrays an undergraduate superiority and cynicism tgst seems to me to be typical of media today.
Yesterday the IEA warned that Russia is preparing to cut European gas supply this winter. I imagine this somewhat juvenile commentator will find a reason to applaud tgst idea.
It must be quite comfortable over there in his no doubt we’ll padded life. Maybe he needs some time as Moscow correspondent. A dose of reality might be beneficial.
hi bird
Any fuckwit can become an “expert” if the media says that they are.
Hey Bird, just passing by you Just Crap head…
Iran needs Nuclear Energy with components that France and Germany supply!
Peace In Our Time.
NFA
There have been a couple of Bird-like commenters here lately.
Passing By is not Bird.
I know discussions here don’t usually run into the dozens or hundreds but I politely request that people comment on the actual subject. Please don’t post multiple ‘comments’ on nothing in particular.
Passing By has expressed an opinion and is welcome to do so here.
Yes Boambee John
I am learning their gimp style.
There has been over 90+ of the filth that have been banned at the yuk yuk furniture store … probably 100+ now.
I call the collective “the bird nest”.
LOL
I just searched what is my ip and got this,
Your IP address is 180.190.162.89 in Busay, Cebu, Philippines (6000)
Stay on topic please, NFA.
Vlad realises that the hopelessly incompetent Euros need some assistance to enforce their own sanctions. He’s that kinda guy.
As a fan of birdlife myself, I thought I’d mention that I have found Mr Creighton to have very little to offer in the way of reporting. He almost invariably writes opinions, usually not bothering to indicate that he has done a flick of research. This might reflect his no doubt confidence-boosting career start at the Commonwealth PS.
His one “news” report that I have seen was an odd report on a casino operation owned by the bidder for Crown, which appeared to have occurred because they flew him to Vegas.
F.E., I’ve said many times myself that The Australian (like the press generally these days) has too many columnists and not enough reporters but you’re wrong to imply Creighton is a lightweight. Bio:
That’s pretty impressive.
He was resolute and, to some extent, on his Pat Malone reporting on the statistical fatuousness of lockdowns for about a year. He was certainly vindicated.
Sorry C.L.
But I loved this…
Ukraine thanks Ben Stiller, other celebrities who have met with Volodymyr Zelenskyy
Love wins All
and I actually always enjoy reading Creighton
No worries, NFA. 😉
Very generous of Sean Penn et alia to cheer the endless killing of Ukrainians at the behest of Uncle Sam.
we all know it is truly dreadful CL
shirley there is not a real human that supports any part of the bloody mess going on.
I loathe it!
Sean Penn is a filth.
Hollywood Actor says… “how much you pay me to say these words?”
hmm
Russian central bank cutting rates when inflation is way higher than in the USA or europe for that matter. no mention of GDP growth ot lack of it. must be a reason that imports are falling.
Creighton was also a total failure on lockdowns etc. His support of the theory of herd immunity ( by everyone getting covid) was embarrassing. He actually thought Sweden was attempting it. A shame they weren’t.
I can see why CL would like this bloke
Non Mentis
Russian central bank cutting rates when inflation is way higher than in the USA or europe for that matter. no mention of GDP growth ot lack of it. must be a reason that imports are falling.
Speaking of which, how is that “Biden Boom” going?
Creighton was also a total failure on lockdowns etc. His support of the theory of herd immunity ( by everyone getting covid) was embarrassing.
Translation: Non Mentis supports lockdowns, regardless of the post-facto research showing that they made no real difference. He will never accept that evidence.
Lockdowns were a failure on many grounds, as generally acknowledged.
Jed Clampit!
What do you think about the Swedish rooters rooting the female Ukraine escapees?
Just asking.
Primary school dropouts cannot read research. Lockdowns made a profound effect.
biden boom still going well with full employment achieved. Primary school dropouts are innumerate.
Creighton believed in a theory that if everyone got covid then this would lead to herd immunity as they had already had it.
No-one who supported this mad theory changed their min ds when people died after getting covid a second time or getting long covid.
covid was highly contagious and deadly. No lockdowns and a lot of people would have died. fortunately no nation chose this path.
COVID isn’t past tense. Current variants ma present new risks in northern winter.
CL: My point about Creighton is not that he lacks qualifications, but that his efforts do not reflect research or new information. He writes stuff largely off the top of his head. Quite likely is smart, but beyond acquiring qualifications not really applied to anything.
Non Mentis
Primary school dropouts cannot read research. Lockdowns made a profound effect.
Pre-school dropouts never learned to research widely, not simply look for “research” that supports their preferred “narrative”.
biden boom still going well with full employment achieved.
ROFLMAO. It is just as well that you are too stupid to remember to breathe, else the sand in which your head is buried would suffocate you.
covid was highly contagious and deadly. No lockdowns and a lot of people would have died. fortunately no nation chose this path.
Ah, yes, the Spanish Flu of the 2020s. Went through unlocked-down Sweden like the Angel of Death.
Falsies
My point about Creighton is not that he lacks qualifications, but that his efforts do not reflect research or new information. He writes stuff largely off the top of his head.
You spelled “Not Trampis” incorrectly, otherwise, the description is accurate. (But his qualifications, such as they are, are not relevant to the subject.)