Remember how earlier this week all the “experts” declared that Russia collapses and the rouble is destroyed.
Remember how earlier this week all the “experts” declared that Russia collapses and the rouble is destroyed.
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I wish I was one of those "experts" who gets paid six figure salaries to be wrong about things. Here I am being wrong about things for free like a shmuck
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You're a hobby wrongist, they're professional. They have wrongism degrees
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I’ll give ya a ruble
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That's a whole 1.6 cents! Nice!
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You realise that this graph shows how USD is gaining worth compared to the rubel?
This is what you actually wanted to show:
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I think their point is that the sudden peak in the graph a few days ago was not the beginning of a much bigger increase
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Go back to one or five years and it's even higher!
But note that that's how many rubles you can buy with a dollar. If that graph is high, it means the value of the dollar is high relative to the ruble. Reverse them and you'll see that the value of the ruble has been falling relative to the dollar.
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Why do people focus on 1:1 ratios like that? Doesn't this depend on the currency in circulation?
It feels like comparing Celsius to Fahrenheit and Kelvin, different numbers can still equal the same thing no?
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The 1:1 thing is psychology, but it's not really in question here. The important thing is relative movement. If today I can take $1 and buy ₽1 worth of Big Macs, great. But tomorrow, if I can take that same $1 and buy ₽2 or ₽4 worth of Big Macs, I get more Big Macs with that same dollar. That means the dollar has more buying power than the ruble.
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Professional Russia Watcher here. Russia is on the brink of collapse because line went up and then down.
15 comments