Stupid Shit in Kyiv

[QUOTE=VinDici;2964130]Inflation isn't at 8.5%, that's just what they are saying from the Kremlin.

If you look at actual prices, the real inflation is much higher.

As an example potatoes (which they grow domestically in abundance) are 64% dearer than at the start of the year.

This investment "advice" will not age well.[/QUOTE]I'm a huge proponent of using primary sources whenever possible. Even corrupt, unreliable and doctored sources, such as one of Putin's government organizations can give a better idea of what's really going on in that black hole of a country than a report concocted by a non-expert journalist (no matter how well-intentioned they are).

The Russian Central bank maintains an English version for its reports. The latest is here: [URL]https://cbr.ru/Collection/Collection/File/50781/Infl_exp_24-10_e.pdf[/URL].

You can safely skip the intro with its cheerful 8-8. 5% inflation forecast for 2024 and scroll down to the table because the table tells it all.

You'll find that the median "Inflation observed by households" for the previous 12 months reached 15.3% in October and 14.9% for the last three months.

The next row is family expectations. They were a bit optimistic compared to the real thing (13.4% vs. 15.3%.

But no matter how you slice it, there's no way the inflation will get down to 8% or even 8. 5% by the time Putin rings in the New Year.

So we can confidently assume that Russia's actual inflation rate in 2024 will have amounted to 15% AT THE MINIMUM and probably more.

[QUOTE=Tiny12;2964249] Sounding like a broken record, the two sides need to start talking and negotiate a peace.[/QUOTE]Sounding like a broken record, but the aggressor needs to be defeated.

The International War Crime Tribunal needs to be established to punish all Russian war criminals who have failed to off themselves by the time they're taken out of their prison cells.

All fascists, isolationists, appeasers, propacondoms, agents of influence, useful idiots and brainless Russophiles need to shut the f* up and pronto.

There are probably many more things that NEED to be done, but I'm a realist.

Those things take time, and they won't happen tonight or tomorrow regardless how much they're NEEDED.

Any state or politician who pushes Ukraine into unconditional "negotiations" with the predator will live in infamy, forever and ever.

[QUOTE=BloodRed;2964188]I just pointed out to you your fake news and that the subtitles do not match what that guy is saying. Refrain from posting fake news and lies because I will continue to expose them and your dumbass.[/QUOTE]Once again, Igor, and this is a very simple question: Are you proficient in Korean? Enough to know that the subs don't match?

Look, if you're insulted my question about the bonus, I apologize. I didn't mean to imply that you're only interested in money. After all, if you were only interested in money you wouldn't probably be doing this suck-ass job.

[QUOTE=Tiny12;2964249]Maybe so and maybe not. Your thoughts about how Ukraine would progress in pushing back Russia have definitely not aged well.[/QUOTE]Which ones specifically have not aged well?

[QUOTE=Tiny12;2964249]Please take the Tiny Challenge again. Open the link below in two browser windows. Move the date on the interactive map in one of the browser windows back two years, to late November, 2022. Russia has made incremental gains since then. And hundreds of thousands on both sides have been killed and maimed. For nothing. Sounding like a broken record, the two sides need to start talking and negotiate a peace.[/QUOTE]Sure, can you take the Captain Obvious challenge? Explain why Russia can't withdraw their troops from other people's sovereign land, and negotiations need to be had that include theft of sovereign property?

Russia can leave at any time of their choosing, Ukraine cannot, it's their own land.

[QUOTE=VinDici;2964332]Which ones specifically have not aged well?

Sure, can you take the Captain Obvious challenge? Explain why Russia can't withdraw their troops from other people's sovereign land, and negotiations need to be had that include theft of sovereign property?

Russia can leave at any time of their choosing, Ukraine cannot, it's their own land.[/QUOTE]This war is insane. It's as if the USA and Canada were at war. Or Irish Catholics fighting Irish Protestants. I have expressed the thought that Zelensky should be more open to negotiation. But you haven't seen much criticism from me here directed towards Zelensky or Putin because I believe the villains were in the west, the Neocons and likeminded Europeans who want to fight the war to the last Ukrainian. There's no Captain Obvious answer, but we've discussed here what happened since 1992 to change Russia from a prospective NATO member into its position now.

As to your first question -- Reviewing some of your posts, you weren't as definitive about the timing of a Ukrainian victory as some other board members, but wrong all the same.

[QUOTE=VinDici;2748306]The Americans did not bomb Nordstream 2, it was the Russians. Evidence will be found soon enough, I'm so confident I will happily place a wager on this, do you want to take me up on this? I will bet that it was not the Americans, will you take the bet?[/QUOTE]

[QUOTE=VinDici;2749178]This is the reason why Russia destroyed the pipeline. Gazprom is in breach of their contracts for shutting down gas supply and can be sued because of it. The destroyed pipelines are supposed to be "force majeure" which would give them en excuse not to deliver.

They already played their leverage card by stopping the deliveries.

Try and live in reality, and not in clown world for a change.[/QUOTE]All these are from after November, 2022, that is, after this had settled into trench warfare where, until recently, the front lines weren't moving:

[QUOTE=VinDici;2792743]Ukraine is winning hard...[/QUOTE]

[QUOTE=VinDici;2804729]Typical idiot RuZZian living in the past. Let me explain it for you so that even an Orc can understand. When Bob Gates said that, that was before the RuZZian army was revealed to be a Paper Tiger. Now that everyone knows that Muscovy has a Potemkin army, the whole world is laughing, and people are not afraid. Look at the CSTO, members are getting ready to arrest Putin. Good job![/QUOTE]

[QUOTE=VinDici;2804123]It's gone too far, he might be able to hang on to Crimea barely, and UA will likely destroy the Kerch bridge, and not allow it to be rebuilt. With that result, he's still fucked. There's no way he can keep the UA land, and then what can he show to the RuZZians? Sweet Fuck All.[/QUOTE]

[QUOTE=VinDici;2818353]They are not being wiped out, rather the opposite, they just got Storm Shadows, they will get more, and then F-16's, what do you think will happen to the Orcs when that comes online? [/QUOTE]

[QUOTE=VinDici;2818677]Ukraine is not being wiped out, they are taking back territory….
[/QUOTE]

[QUOTE=Xpartan;2964288]Once again, Igor, and this is a very simple question: Are you proficient in Korean? Enough to know that the subs don't match?

[/QUOTE]Not myself but my Korean friend confirmed it. Do not post lies and fake news in this thread because it will be debunked by me, dipshit.

[QUOTE=Xpartan;2964088]Just curious. Do they pay you a bonus?[/QUOTE]Lame. You are so pressed that he exposed your ignorance and your attempt to spread misinformation and fake news. You have absolutely no dignity what so ever. Bugger off you simpleminded fool.

[QUOTE=Xpartan;2964284]Sounding like a broken record, but the aggressor needs to be defeated.

The International War Crime Tribunal needs to be established to punish all Russian war criminals who have failed to off themselves by the time they're taken out of their prison cells.[/QUOTE]Do you want a nuclear war?

[QUOTE=Xpartan;2964284]All fascists, isolationists, appeasers, propacondoms, agents of influence, useful idiots and brainless Russophiles need to shut the f* up and pronto.[/QUOTE]Ban free speech? You don't really believe that Xpartan.

[QUOTE=Xpartan;2964255]I'm a huge proponent of using primary sources whenever possible. Even corrupt, unreliable and doctored sources, such as one of Putin's government organizations can give a better idea of what's really going on in that black hole of a country than a report concocted by a non-expert journalist (no matter how well-intentioned they are).

The Russian Central bank maintains an English version for its reports. The latest is here: [URL]https://cbr.ru/Collection/Collection/File/50781/Infl_exp_24-10_e.pdf[/URL].

You can safely skip the intro with its cheerful 8-8. 5% inflation forecast for 2024 and scroll down to the table because the table tells it all.

You'll find that the median "Inflation observed by households" for the previous 12 months reached 15.3% in October and 14.9% for the last three months.

The next row is family expectations. They were a bit optimistic compared to the real thing (13.4% vs. 15.3%.

But no matter how you slice it, there's no way the inflation will get down to 8% or even 8. 5% by the time Putin rings in the New Year.

So we can confidently assume that Russia's actual inflation rate in 2024 will have amounted to 15% AT THE MINIMUM and probably more.[/QUOTE]Please delve deeper into the report and read the fine print. Actual inflation is the gray curve in Figure 4 and it's almost always A LOT lower than "inflation observed by households". Actual inflation YoY in October was 8.5%. From the report.

"Estimates of inflation expectations and observed inflation based on household surveys in Russia and abroad almost always exceed actual inflation rates. This difference is ascribed to certain perception patterns....People estimate inflation guided primarily by the those product prices that have increased most significantly."

This is exactly what Vin Dici did below when he confused inflation in the price of potatoes with CPI inflation. And it's one of the reasons your man lost the US presidential election in 2024. People thought inflation was higher than it really was.

As to inflation expectations, yes, the Bank of Russia's forecast is that inflation at the end of 2024 will be in the range of 8% to 8.5%. The report says the consensus forecast by analysts is 7.7% for the end of 2024 and 5.3% for the end of 2025. I cross checked with the Bloomberg consensus, mostly from analysts at major western banks, and the median estimates for inflation at the end of 2024, 2025 and 2026 are 8.2%, 6.7%, and 4.4% respectively. Given the tight monetary policy (interest rates much higher than the inflation rate), the estimates are probably reasonable.

[QUOTE=Tiny12;2964403]Do you want a nuclear war?...[/QUOTE]Russia knows it is on the wrong side of history. You know you have invaded a sovereign nation in an act of unjustified, aggressive war. Russian knows it is a failing, second rate country. Russians have a deeply repressed feeling of inadequacy and weakness. That is why you are threatening nuclear war -- it derives from subconscious knowledge of weakness and failure.

[QUOTE=JohnClayton;2964493]Russia knows it is on the wrong side of history. You know you have invaded a sovereign nation in an act of unjustified, aggressive war. Russian knows it is a failing, second rate country. Russians have a deeply repressed feeling of inadequacy and weakness. That is why you are threatening nuclear war -- it derives from subconscious knowledge of weakness and failure.[/QUOTE]Lol. Xpartan thinks he's Joseph McCarthy and now you think I'm Vladimir Putin. Please get a grip on reality.

[QUOTE=BloodRed;2964377]Not myself but my Korean friend--
[/QUOTE]OK Igor, thank you for a good laugh.

[QUOTE=Tiny12;2964373]This war is insane. It's as if the USA and Canada were at war. [/QUOTE]First, there is nothing insane about it. US and Canada WERE at war.

Second, just because Russians and Ukrainians are Slavic peoples and speak similar languages, it doesn't make them brothers. Ukrainians have hated Russians' guts for centuries and for good reasons, too.

Maybe, just read a little, huh? If you like to comment so much about current events in far-away lands, why not spend some time to learn the context?

[QUOTE=Tiny12;2964403]Do you want a nuclear war?[/QUOTE]No. Which is why the West must give Ukraine everything they need. Because if there is one main reason for escalations, it's appeasement.

[QUOTE=Tiny12;2964403]Ban free speech? You don't really believe that Xpartan.[/QUOTE]You bet your ass I do. Putin says he's at war with Nato. Why wouldn't we ban his propacondoms and agents of influence who spread his poison for money, as well as morons of all kinds who do it for free? If we're at war, why shouldn't we?

[QUOTE=Tiny12;2964403]Please delve deeper into the report and read the fine print. Actual inflation is the gray curve in Figure 4 and it's almost always A LOT lower than "inflation observed by households". Actual inflation YoY in October was 8.5%. From the report.

"Estimates of inflation expectations and observed inflation based on household surveys in Russia and abroad almost always exceed actual inflation rates. This difference is ascribed to certain perception patterns....People estimate inflation guided primarily by the those product prices that have increased most significantly."

This is exactly what Vin Dici did below when he confused inflation in the price of potatoes with CPI inflation. And it's one of the reasons your man lost the US presidential election in 2024. People thought inflation was higher than it really was.

As to inflation expectations, yes, the Bank of Russia's forecast is that inflation at the end of 2024 will be in the range of 8% to 8.5%. The report says the consensus forecast by analysts is 7.7% for the end of 2024 and 5.3% for the end of 2025. I cross checked with the Bloomberg consensus, mostly from analysts at major western banks, and the median estimates for inflation at the end of 2024, 2025 and 2026 are 8.2%, 6.7%, and 4.4% respectively. Given the tight monetary policy (interest rates much higher than the inflation rate), the estimates are probably reasonable.[/QUOTE]What on the green flat earth are you talking about?

A Putin's government organization tells you that its OFFICIAL inflation rate is 8. 5%.

Its surveys tell you that "Inflation observed by households" for the previous 12 months reached 15.3%.

What does it mean for any reasonable person who's not a propacondom, not an agent of influence and not a useful idiot? And who knows that everything coming from that mafia failed state is a lie?

It means the real inflation is much worse, and it is! Ms. Nabiulina doesn't go to markets, she doesn't buy stuff in hardware or electronic stores. You know who do? Households that, according to PUTIN'S SURVEYS just told you that inflation THEY OBSERVED has reached 15.3%.

Of course, it's not even 15.3%. Some economists believe that real-life consumer inflation is hovering around 22-25%.

[QUOTE]According to our estimates, real consumer inflation by the end of 2024 will be 22-25%, while maintaining its non-monetary nature, or the so-called phenomenon of "cost inflation", comments Dmitry Morkovkin, Associate Professor of the Department of Economic Theory, Leading Researcher at the Institute for Research of International Economic Relations of the Financial University under the Government of the Russian Federation.[/QUOTE][URL]https://riamo.ru/articles/aktsenty/realnaja-infljatsija-chto-proishodit-s-tsenami-v-rossii-na-samom-dele/?from=inf_cards[/URL]

[QUOTE=Xpartan;2964515]First, there is nothing insane about it. US and Canada WERE at war.[/QUOTE]We apparently have different definitions of insane. War between Canada and the USA, the South and the North in the USA, and the IRA and Northern Ireland were all insane.

[QUOTE=Xpartan;2964515]Second, just because Russians and Ukrainians are Slavic peoples and speak similar languages, it doesn't make them brothers. Ukrainians have hated Russians' guts for centuries and for good reasons, too.

Maybe, just read a little, huh? If you like to comment so much about current events in far-away lands, why not spend some time to learn the context?[/QUOTE]You are correct. I don't know much about Russian ancient history. However, particularly with respect to much of eastern and southern Ukraine, I don't believe what you're writing is true. At least it wasn't born out by pre-2014 elections, when the eastern part of Ukraine usually voted for pro-Russian parties.

[QUOTE=Xpartan;2964515]No. Which is why the West must give Ukraine everything they need. Because if there is one main reason for escalations, it's appeasement.

You bet your ass I do. Putin says he's at war with Nato. Why wouldn't we ban his propacondoms and agents of influence who spread his poison for money, as well as morons of all kinds who do it for free? If we're at war, why shouldn't we?[/QUOTE]Maybe 20 people read this thread. But if it were popular, could a case be made that you're a propacondom for death and strife by promoting endless war? If Ukraine, prodded by western countries, had entered into peace negotiations a year ago, it could have retained more territory and been provided stronger security guarantees than now. And fewer people would have died needlessly. It's increasingly looking like Blood Red's and Questner's predictions may come true. As to "war with NATO," what do you expect him to say after Biden gives the OK to Ukraine to start launching longer range ballistic missiles into Russian territory.

I think you're a good person by the way, just sadly mistaken and misled.

[QUOTE=Xpartan;2964515]What on the green flat earth are you talking about?

A Putin's government organization tells you that its OFFICIAL inflation rate is 8. 5%.

Its surveys tell you that "Inflation observed by households" for the previous 12 months reached 15.3%.

What does it mean for any reasonable person who's not a propacondom, not an agent of influence and not a useful idiot? And who knows that everything coming from that mafia failed state is a lie?

It means the real inflation is much worse, and it is! Ms. Nabiulina doesn't go to markets, she doesn't buy stuff in hardware or electronic stores. You know who do? Households that, according to PUTIN'S SURVEYS just told you that inflation THEY OBSERVED has reached 15.3%.

Of course, it's not even 15.3%. Some economists believe that real-life consumer inflation is hovering around 22-25%.

[URL]https://riamo.ru/articles/aktsenty/realnaja-infljatsija-chto-proishodit-s-tsenami-v-rossii-na-samom-dele/?from=inf_cards[/URL][/QUOTE]Comparing Steve 9696's and my reports in the Moscow thread, since before COVID the price of a room at Aurora and probably other strip clubs in the same group had remained the same at 6000 Rubles s. And the price of an hour with a stripper had gone up 33%, from 12,000 Rubles to 16,000 rubles. During the same time the official Russian CPI index increased 45%. Based on the price of strippers, the official numbers overstated inflation.

Yeah, you can argue, as I think one of the economists in your link does, about whether higher monthly costs to buy a house are properly reflected in the CPI Index. That's true in Russia and the USA. However I suspect the official number is reasonable. As does a second economist quoted in your link, who thinks the rate will be around 9% to 10%.

And I'm confused. Before you said you trusted the official numbers, like from the Central Bank of Russia. Now you say you don't.

[QUOTE=Tiny12;2964659]We apparently have different definitions of insane. War between Canada and the USA, the South and the North in the USA, and the IRA and Northern Ireland were all insane. You are correct. I don't know much about Russian ancient history. However, particularly with respect to much of eastern and southern Ukraine, I don't believe what you're writing is true. At least it wasn't born out by pre-2014 elections, when the eastern part of Ukraine usually voted for pro-Russian parties.[/QUOTE]Let's try and be honest here. When you say "this war is insane" what you're really saying is that [B]Ukraine[/B] is insane:

- It won't stop fighting against the superior enemy forces.

- Russia is justified, at least somewhat, in its aggression because some people in the eastern parts of Ukraine would have rather been living under Russia's rule.

That's what Russophiles like you believe. That Russia always has a good reason for whatever aggression it's undertaking at any given time.

Would you say it's accurate?

[QUOTE=Tiny12;2964659]Maybe 20 people read this thread. But if it were popular, could a case be made that you're a propacondom for death and strife by promoting endless war? [/QUOTE]I don't know, but if so I'm in a good company. When this man said what he did, he stood alone in the world. With a weak military, no prospects of outside help, against the whole might of the Hitler ruthless military machine and his own colleagues in Parliament.

[QUOTE]We shall fight on the beaches, we shall fight on the landing grounds, we shall fight in the fields and in the streets, we shall fight in the hills; we shall never surrender.

It is said that immediately after giving the speech, Churchill muttered to a colleague, "And we'll fight them with the butt ends of broken beer bottles because that's bloody well all we've got!"[/QUOTE][URL]https://en.wikipedia.org/wiki/We_shall_fight_on_the_beaches[/URL]

But maybe you're right. Maybe any country subjected to the act of aggression from a mightier military machine should just give up. Just think how many Englishmen would've survived the war and lived happily ever after under the glorious protectorate of Nazi Germany!

[QUOTE=Tiny12;2964659]If Ukraine, prodded by western countries, had entered into peace negotiations a year ago, it could have retained more territory and been provided stronger security guarantees than now. And fewer people would have died needlessly. [/QUOTE]Yep, sure, totally because Putin is nothing but benevolent. Good point!

[QUOTE=Tiny12;2964659]It's increasingly looking like Blood Red's and Questner's predictions may come true. As to "war with NATO," what do you expect him to say after Biden gives the OK to Ukraine to start launching longer range ballistic missiles into Russian territory. I think you're a good person by the way, just sadly mistaken and misled.[/QUOTE]Yes, it saddens me that you can't see these two for what they really are: shameless and unscrupulous liars. So let me return the kind words to you. You're not an idiot or heartless bastard -- you're just blind.

As to "what I expect" I don't expect that creature to say any different because I know what it is. I do, however, expect you not to buy his extravagant bullshit, but it might be asking too much, I see.

[QUOTE=Tiny12;2964659]Comparing Steve 9696's and my reports in the Moscow thread, since before COVID the price of a room at Aurora and probably other strip clubs in the same group had remained the same at 6000 Rubles s. And the price of an hour with a stripper had gone up 33%, from 12,000 Rubles to 16,000 rubles. During the same time the official Russian CPI index increased 45%. Based on the price of strippers, the official numbers overstated inflation.[/QUOTE]What wonderful logic! The problem is, though, that the only Russians who keep mongering in Russia are those who don't care about the price. And don't get me wrong, there are plenty of those. Some people keep buying fancy cars, imported clothes and jewelry. The contraband never stops despite all the sanctions.

[QUOTE=Tiny12;2964659]Yeah, you can argue, as I think one of the economists in your link does, about whether higher monthly costs to buy a house are properly reflected in the CPI Index. That's true in Russia and the USA. However I suspect the official number is reasonable. As does a second economist quoted in your link, who thinks the rate will be around 9% to 10%.[/QUOTE]Really?

[QUOTE]The maximum level mortgage rate at several banks has now gone over 30%, in a move that is likely to have shattering consequences for Russia's property market. Russian home buyers theoretically face loan repayments running into hundreds of thousands of pounds, after mortgage rates in some Russian banks reached an eye-watering 43%.

Recently the Russian Central Bank hiked interest rates to a historic high of 21%, as inflation continues to rise.[/QUOTE][URL]https://www.express.co.uk/news/world/1972771/russian-economy-mortage-rates-sovcom-bank[/URL]

[QUOTE=Tiny12;2964659]And I'm confused. Before you said you trusted the official numbers, like from the Central Bank of Russia. Now you say you don't.[/QUOTE]I see. Let me help you out.

I never said I "trusted the official numbers". What I said (and I apologize for citing myself): "'I'm a huge proponent of using primary sources whenever possible. [B]Even corrupt, unreliable and doctored sources, such as one of Putin's government organizations[/B] can give a better idea of what's really going on in that black hole of a country than a report concocted by a non-expert journalist (no matter how well-intentioned they are). ".

[QUOTE=Xpartan;2964683]Let's try and be honest here. When you say "this war is insane" what you're really saying is that [B]Ukraine[/B] is insane:

- It won't stop fighting against the superior enemy forces.

- Russia is justified, at least somewhat, in its aggression because some people in the eastern parts of Ukraine would have rather been living under Russia's rule.

That's what Russophiles like you believe. That Russia always has a good reason for whatever aggression it's undertaking at any given time.

Would you say it's accurate?[/QUOTE]That's not at all accurate. I believe war in general is insane. Outside of the generals and defense contractors there are no winners. Only losers. And war between countries as similar as Ukraine and Russia is doubly insane. I suspect, before 2014, the people in the Ukrainian area currently under Russian control had more in common culturally with people in southwestern Russia than they did with residents of Lviv.

[QUOTE=Xpartan;2964683]I don't know, but if so I'm in a good company. When this man said what he did, he stood alone in the world. With a weak military, no prospects of outside help, against the whole might of the Hitler ruthless military machine and his own colleagues in Parliament.

[URL]https://en.wikipedia.org/wiki/We_shall_fight_on_the_beaches[/URL]

But maybe you're right. Maybe any country subjected to the act of aggression from a mightier military machine should just give up. Just think how many Englishmen would've survived the war and lived happily ever after under the glorious protectorate of Nazi Germany![/QUOTE]Yeah, I was watching the Darkest Hour the other night, which at its core is about that speech, and figured you might draw this analogy. Well, the analogy is faulty. Going into World War II, the UK and German economies were roughly the same size. Great Britain is an island nation, and it had the strongest navy in the world. Ukraine, even with western aid, didn't have a prayer. Russia has a much larger population, military and GDP. And it has the largest nuclear arsenal in the world.

A better analogy from World War II would be the Volkssturm, the rag tag army composed of old and young men who defended Berlin in the last days of the Reich. That's where Ukraine's headed unless there's peace in a reasonable timeframe. It just doesn't have the manpower.

[QUOTE=Xpartan;2964683]Yep, sure, totally because Putin is nothing but benevolent. Good point![/QUOTE]I wish you saw the writing on the wall. Or actually that the leaders in the countries involved saw the writing on the well, after the conflict settled into the 21st century equivalent of trench warfare.

[QUOTE=Xpartan;2964683]What wonderful logic! The problem is, though, that the only Russians who keep mongering in Russia are those who don't care about the price. And don't get me wrong, there are plenty of those. Some people keep buying fancy cars, imported clothes and jewelry. The contraband never stops despite all the sanctions.

Really?

[URL]https://www.express.co.uk/news/world/1972771/russian-economy-mortage-rates-sovcom-bank[/URL]

I see. Let me help you out.

I never said I "trusted the official numbers". What I said (and I apologize for citing myself): "'I'm a huge proponent of using primary sources whenever possible. [B]Even corrupt, unreliable and doctored sources, such as one of Putin's government organizations[/B] can give a better idea of what's really going on in that black hole of a country than a report concocted by a non-expert journalist (no matter how well-intentioned they are). ".[/QUOTE]Please see the last two paragraphs in the link.

"Russian homebuyers have been helped by a generous government mortgage subsidy introduced in 2020 and extended after the imposition of Western sanctions following Putin's full-scale invasion of Ukraine. Under the scheme, mortgage rates were fixed at 8% which helped drive a property market boom. ".

If you believe inflation is indeed in the range of 8% to 8. 5%, that's sustainable. Turkey was providing loans at about that level for farm equipment when inflation was 50%.