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Russian ruble (sh.itjust.works)
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[-] superkret@feddit.org 34 points 3 weeks ago

I know we all want to believe Russia's economy is way worse than ever and almost back in the stone age by now, but if you look at the long term, unfortunately it's not that dramatic...

[-] 1609_kilometers@lemmy.blahaj.zone 133 points 3 weeks ago
[-] fireweed@lemmy.world 51 points 3 weeks ago

You are both correct. A decade is a perfectly acceptable time frame by which to judge forex, however the two decade window fills in additional context.

[-] 1609_kilometers@lemmy.blahaj.zone 50 points 3 weeks ago

True, but the way I see it, a graph shouldn't be cropped and left without a labeled y axis, especially when making a point about long term-ness.

[-] SkyNTP@lemmy.ml 20 points 3 weeks ago* (last edited 3 weeks ago)

One narrative is about effectiveness of sanctions, specifically the ones levied at the start of 2022. Zooming out beyond 2015 doesn't really change that narrative (no appreciable effect tied with a change that happened in 2022).

The other narrative relates to Russia's big picture strategy. Undoubtedly by this measure, Russia is underperforming. We might conclude that the sanctions was effective only once, in 2014. Or just a bad economy for another reason that spurred war.

[-] Shardikprime@lemmy.world 6 points 3 weeks ago

This guy graphs

[-] Windex007@lemmy.world 11 points 3 weeks ago

The issue is the crop has obliterated the starting value

[-] Evil_Shrubbery@lemm.ee 20 points 3 weeks ago
[-] psmgx@lemmy.world 6 points 3 weeks ago

lies, damned lies, and statistics

[-] taiyang@lemmy.world 18 points 3 weeks ago

So... basically when Crimea got stolen? I forget if that was also US sanctions, my selections memory remembers we were too soft on them back then.

[-] andyburke@fedia.io 5 points 3 weeks ago
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[-] andyburke@fedia.io 115 points 3 weeks ago

A ten year steady decline in the currency of a "world power" is no big deal. 👍

[-] tburkhol@lemmy.world 42 points 3 weeks ago

Yeah, the message I get is that a 10% one-day decline doesn't look like much on the tail end of 70% losses. Worthless paper is worthless.

[-] clucose@lemmy.ml 22 points 3 weeks ago

Russia has the same economy as Italy. We take them only seriously because of their nuclear weapons.

[-] TheFonz@lemmy.world 26 points 3 weeks ago

As an Italian.... Not sure if proud or embarrassed....

[-] bollybing@lemmynsfw.com 19 points 3 weeks ago

You've got way better food though. How many Russian restaurants do you see around the world?

[-] SkaveRat@discuss.tchncs.de 4 points 3 weeks ago

I had one in the city that going by reviews was quite good

Now it's a very nice Chinese restaurant.

[-] clucose@lemmy.ml 6 points 3 weeks ago
[-] ayyy@sh.itjust.works 5 points 3 weeks ago

I’m just amazed your comment made it through your clown government internet filter.

[-] marcos@lemmy.world 4 points 3 weeks ago* (last edited 3 weeks ago)

Actually, it's not. But it's not a world power either.

And a large decline in a single day, smaller than that steady decline in a decade can be quite a big deal. Or can be nothing. Nobody knows.

[-] superkret@feddit.org -1 points 3 weeks ago

According to some social media bubbles, it should have dropped to 1/10 in the past 2 years.

[-] Valmond@lemmy.world 8 points 3 weeks ago

Ah, the kremlin talking points "look your measures doesn't work!!1! (So can you remove them, ok?)"

Nobody thought the ruble would crash one or two years ago.

But well, now is now and it looks like the funds have been used up, the inflation is at its maximum utility etc etc and now it's crash time!

[-] psmgx@lemmy.world 6 points 3 weeks ago

According to some social media bubbles the world is flat and Xenu populated the earth

[-] hairyfeet@lemmy.ml 45 points 3 weeks ago
[-] originalfrozenbanana@lemm.ee 25 points 3 weeks ago

No fair you’re not allowed to provide context

[-] Micromot@feddit.org 16 points 3 weeks ago* (last edited 3 weeks ago)

What? I don't get how it disproves the graph from the other commenter or anything else

Edit: Oh I thought they were saying the first graph depicts it as worse than it is but it was the other way around which makes much more sense

[-] bjorney@lemmy.ca 24 points 3 weeks ago

The other commenter cropped their image right before the last massive drop in 2015

[-] acockworkorange@mander.xyz 4 points 3 weeks ago

By inverting the transaction it more clearly shows the trend between the two currencies.

[-] socsa@piefed.social 2 points 3 weeks ago

Maybe if you don't understand basic math? Those charts are just reciprocals

[-] acockworkorange@mander.xyz 0 points 3 weeks ago

Understanding and visualizing are different things. Perhaps spend some skill points in reading comprehension.

[-] ObviouslyNotBanana@lemmy.world 10 points 3 weeks ago

That is literally illegal on the internet.

[-] toynbee@lemmy.world 2 points 3 weeks ago

Why would you argue with a banana? You're obviously not a banana.

[-] Prandom_returns@lemm.ee 15 points 3 weeks ago
[-] Evil_Shrubbery@lemm.ee 4 points 3 weeks ago

They cropped out the banana.

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[-] Honytawk@lemmy.zip 13 points 3 weeks ago

I mean, it being as low as it once was doesn't mean it is going great.

[-] Hubi@feddit.org 8 points 3 weeks ago

An interest rate of 21% is also not an indication of things going great.

[-] CheeseNoodle@lemmy.world 8 points 3 weeks ago

Its true its not that dramatic on its own but this is after implementing a ton of measures to prop it up and cranking up the interest rate. The Ruble is struggling just to stand still and Putin is running out of ways to prop it up.

[-] PixelatedSaturn@lemmy.world 7 points 3 weeks ago

It's pretty dramatic. Interest rates, currency in freefall, no exports, imports too expensive, morgages failing, salaries dropping, brain drain, ...

It's pretty bad. They have some ways to go, the war chest is not empty, they can continue to print money they can hold of for another two years maybe.

We will see what trump does. But they are in a world of hurt no matter what happens next.

[-] youstolemyname@lemmy.world 6 points 3 weeks ago

Your graph lacks any context. What is the Y axis?

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[-] lemmydividebyzero@reddthat.com 5 points 3 weeks ago

Their economy was never good. Many more people living there than in Germany, much larger country than Germany.... And still economically worse than Germany...

[-] clucose@lemmy.ml 4 points 3 weeks ago

They have the same economy as Italy.

[-] FabledAepitaph@lemmy.world 3 points 3 weeks ago

I think I saw that they pumped interest up to like 21% at this point to control inflation. Could you imagine? It's like 7% here in the US and it has made me -very- content with my current vehicle and house.....

this post was submitted on 27 Nov 2024
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