What does the lower exchange between the ruble and the dollar mean then? The ruble is worth less dollars than before.
UBS (a Swiss bank) doesn’t really have reason to lie about the wealth increase. Is the exchange rate thing just because rubles are less useful internationally because sanctions?
The US has inflation, and if the ruble is worth less dollars then that means Russia has even more inflation.
Obviously all our media wants to paint a picture of Russia doing terribly, but I wonder what the actual picture is. All the companies that left Russia left behind all their shit for Russia to use which if anything helps them keep more production in their own borders.
In an economy as tightly controlled as China, how much does deflation even matter?
Also I wonder how everywhere else having inflation will interact with this. Is China just getting affected because the rest of the world can’t afford basic necessities anymore? The article kinda touches on reduced demand from countries with inflation abroad causing this, but also doesn’t really explain anything other than going “lower number is uh bad”
Can you not do something with gparted on a live usb? Or are the files that fucked?