I've heard the Russian economy is overheating and is going to have major problems by mid 2025 (interest rates already 20+% and home mortgage rate have hit a peak at 40%). I figured that would mean that the Russian war machine would start having massive problems by the end of 2025.

But the way Russia is pushing so hard, after a Trump victory and expected US support withdrawal and pressure to negotiate, makes me think they are trying to begin negotiation on Day 1 of a Trump presidency. Which I would infer means they are in a worse position than I expected and could have massive war machine problems by mid 2025.

If Ukraine was then able to, and did continue, fighting until the end of 2025, they may start making major gains in the war against the broken Russian war machine. Putin may call a second mobilization wave to slow the Ukrainians but that may be counterproductive by causing general unrest and protestation against the war.