Tuesday, September 30, 2014

Russian Economy Keeps Growing - Russia Insider

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Doing quite nicely, thank you

The narrative in the western media is that Russia's economy is stumbling due to sanctions, but this is incorrect. Russia's economy is actually growing, according to global investment banks. Deutsche Bank predicted 0.5% for the 3rd quarter.

Here's fresh evidence. Russia’s PMI just posted its second gain for 2014 and its third gain in the past 14 months. It should be noted, however, that manufacturing only makes up around 16% of the Russian economy and thus changes in this indicator will not necessarily predict changes in GDP as a whole.

And here is EU PMI by comparison:

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Complete story at - Russian Economy Keeps Growing - Russia Insider

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If you're seeking more information about how the world really works, and not how the media would want you to believe it works, these books are a good start. These are all highly recommended.

If you don't see pictures above, you likely have an adblocker running.  If so, here are the links.

1. The Shock Doctrine - Naomi Klein
2. Confessions of an Economic Hit Man - John Perkins
3. Manufacturing Consent - Edward Herman, Noam Chomsky
4. Gladio - NATO's Dagger at the Heart of Europe - Richard Cottrell
5. Profit Over People - Noam Chomsky
6. Soviet Fates and Lost Alternatives - Stephen Cohen
7. The Divide - American Injustice in the Age of the Wealth Gap - Matt Taibbi

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