• save_vs_death [they/them]
      ·
      14 days ago

      no, you don't get it, russians are for sure making economic decisions on the basis of websites they cannot access because of sanctions and whose trending algorithms work on a per-country basis

    • Findom_DeLuise [she/her, they/them]
      ·
      13 days ago

      They're learning from Paul Krugman that you can just misrepresent whatever a graph says by claiming the opposite of whatever the fuck the data says, and as long as you lock your replies to your sycophants, nobody will call you on it

  • jackmarxist [any]
    hexagon
    ·
    14 days ago

    Also love the number of bots today. Looks like the NATO propaganda division has been allocated a lot of funds yesterday.

  • PKMKII [none/use name]
    ·
    14 days ago

    Russians don’t pay attention to western propaganda being written in English. The only ones reading this are members of the NAFO circlejerk.

  • came_apart_at_Kmart [he/him, comrade/them]
    ·
    13 days ago

    i would assume this was a bit except the people who claim to understand The Economy the most seem to be the dumbest bozos in the room about the fundamentals most of the time.

    "My dollar buys less rubles now than it did 2 hours ago, that must mean the ruble is weakening"

    is truly the big think of an incredible mind.

  • MF_COOM [he/him]
    ·
    13 days ago

    I am very stupid - how does that graph show that the Ruble is getting stronger?

      • MF_COOM [he/him]
        ·
        edit-2
        13 days ago

        Please explain it like I'm dumb lol that doesn't seem like it's getting stronger to me

        Oh wait I think I get it ty

        • Tachanka [comrade/them]
          ·
          13 days ago

          1 dollar used to be exchangeable for 91 rubles

          now 1 dollar can only be exchanged for 85 rubles

          this means the dollar is inflating faster than the ruble

          and possibly that the ruble is deflating (though that part I am not sure of)

          • ssj2marx@lemmy.ml
            ·
            edit-2
            13 days ago

            I think it's mostly a correction? Rubles got weaker after the Ukraine War sanctions but Russia's economy has in some ways but not all successfully switched from one market to another and as that realignment finishes playing out I would expect it to more or less get back to where it started.

        • alexandra_kollontai [she/her]
          ·
          13 days ago

          Previously, Russians could use their 91 rubles to buy a dollar. Now they can buy a dollar AND have 6 rubles left over, because the dollar only costs 85. This means the ruble can buy more dollars, so it's becoming stronger.

  • ssj2marx@lemmy.ml
    ·
    13 days ago

    Oh is that Rubles per Dollar? lmao.

    Also the "strength" of a currency isn't inherently a good or bad thing, stronger currencies are good if you want to import and weaker currencies are good if you want to export as long as it's stable it's not an issue which one you have.