Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

Ask HN: Why did the ruble stabilize and what's going on?

news.ycombinator.com

Post reply on HN
Print view View original

11–20 of 253 posts

Re: Ask HN: Why did the ruble stabilize and what's going on?

#14

Post by oblio »

hatenberg wrote: post #4

Dead Cat Bounce brought to you by lots and lots of spending/maneuvering. Not sustainable. In about 2-3 months, Russia is fucked and will be forced to move to a new economic model apart from the world. The entire gambit was to take UA quickly and then use it as a pawn to get concessions from the West Now they are finding themselves fighting a nation with a direct IV line from the US defense budget (similar to Israel)…

> The entire gambit was to take UA quickly and then use it as a pawn to get concessions from the West.

Nope, it was to take Ukraine quickly and parade it as an internal trophy, while also taking out a possible big competitor for the oil and gas market.

Putin didn't want any concessions from the West, just business as usual. He wanted to be left alone to "digest Ukraine" and ponder next steps.

Edit: I'd want to hear proof for contrary opinions.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#16

Post by pjc50 »

Russian exports have been badly dented, but some oil and gas remains. Russian imports have been completely wrecked. Effectively the sanctions have _improved_ their balance of payments.

They have some money, but nobody will sell to them. Slightly different situation from their money being worthless because they're outspending their ability to earn hard currency.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#17

Post by oblio »

ximonx wrote: post #11

[dead]

For now.

And it's stuff like this that will probably lead to most cryptocurrencies being banned in developed countries. At this point they turn into national security risks and nothing survives a head on collision with the military-industrial complex.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#19

Post by stavros »

wellthatsawrap wrote: post #15

Doesn't make sense does it? Lies usually don't. The truth does make sense, but they don't want you to hear it. https://tomluongo.me/2022/03/28/got-gold-rubles-russia-just-...

I tried to read that but couldn't get over the conspiracy-theory-sounding language.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#20

Post by pjc50 »

oblio wrote: post #14
hatenberg wrote: post #4

Dead Cat Bounce brought to you by lots and lots of spending/maneuvering. Not sustainable. In about 2-3 months, Russia is fucked and will be forced to move to a new economic model apart from the world. The entire gambit was to take UA quickly and then use it as a pawn to get concessions from the West Now they are finding themselves fighting a nation with a direct IV line from the US defense budget (similar to Israel)…

> The entire gambit was to take UA quickly and then use it as a pawn to get concessions from the West. Nope, it was to take Ukraine quickly and parade it as an internal trophy, while also taking out a possible big competitor for the oil and gas market. Putin didn't want any concessions from the West, just business as usual. He wanted to be left alone to "digest Ukraine" and ponder next steps. Edit: I'd want to hear p…

I'm not sure anyone knows the "real" reason for all this, although we've heard a lot of stated ones.
Post reply on HN