Russia - Ukraine war part ll. News and Discussions

With all due respect, nominal GDP is poor tool that simply doesn't provide a reliable basis for comparison of national economic outputs. PPP is a far more reliable measure (but still far from perfect). National comparisons accouding to the World Bank as as follows (quick Google search):

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Andrew Spannaus has pointed this out on several occasions, referring to the CIA’s website.
 
Putin throwing a warning out to the Western Europeans:

Nothing new. He spews this war threat since 30y something. Putin is driven by hatred. He accuses Ukraine, the West of collapsing USSR. The only problem he has: Russia army is a corrupt incompetent bunch for his ambitions.
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Nothing new
Yes, nothing new, just more of the same stupid nonsense from our corrupt Russophobe elites and their bought-and-paid-for media scribblers. :cool:

Clowns who know the wheels are falling off their wagon but they won't engage in any sort of self-preservation... just keep antagonising the big angry bear who is smashing their nasty little psychotic domination dreams into matchstick wood...

Pride cometh before the fall, and these Russophobe copium-addicts are so well and truly stuffed full of their own (lack of) significance. :p
 
Destruction of 2 Ukrainian drones by Pantsir AD system:
 
It might be of interest to you that I know some folks over there right now. Air raid warnings in Kiev are a real thing. Scrambling of GPS systems is a real thing. Taking shelter every time the warning sirens go off is a real thing.

The question is how much longer can Ukraine hold out without a return of US support.

Yeah it’s been a “real thing” from Day 1 AZ.

Ukr hasn’t received a US dime in nearly 2 years now and their position on the front has actually improved. What they do continue to receive is intelligence, targeting, air defense etc.

I’ve been hearing “Ukr lines will collapse” for 3+ years now AZ. It just hasn’t come to fruition. Russian progress is actually regressing, despite its manpower advantage.
 
With all due respect, nominal GDP is poor tool that simply doesn't provide a reliable basis for comparison of national economic outputs. PPP is a far more reliable measure (but still far from perfect). National comparisons accouding to the World Bank as as follows (quick Google search):

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PPP at national scale is third world cope. The only relevant PPP metric is measuring individual standard of living.
 
It's the PPP that measures the actual size of the economy, nominal GDP is confounded by currency exchange rates, speculation etc. that have nothing to do with how much is actually produced.

The only thing PPP doesn't measure well is purchasing power on the international market. So if say, Russian MOD buys vast majority of its stuff domestically, its budget in nominal terms is virtually irrelevant to how it functions.
 
It's the PPP that measures the actual size of the economy, nominal GDP is confounded by currency exchange rates, speculation etc. that have nothing to do with how much is actually produced.

The only thing PPP doesn't measure well is purchasing power on the international market. So if say, Russian MOD buys vast majority of its stuff domestically, its budget in nominal terms is virtually irrelevant to how it functions.

No, PPP only measures domestic price levels. Thats great when you want to compare individual standard of living. That doesn’t mean Russia gets an equivalent increase in internationally convertible wealth, financial resources, or access to foreign technology.

PPP does NOT translate to national economic power, which is why nominal GDP is the better standard.

Also, military equipment is not priced at the average costs of goods and services in an economy. Military production depends on sophisticated microelectronics, machine tools, industrial software etc. Russia is NOT technologically self sufficient so that point is moot regardless.

India, for example, measured in PPP would jump from a $4T economy to a $19T economy. No one believes India has the national economic power of a $19T economy. It’s why economists don’t use PPP when measuring relative national economic power and why it’s third world cope.

Real money=real power. No one cares a haircut costs less in India than the US.
 

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