anvor

Russia ETFs on Fire

Re: your first paragraph on Russia

Yes, it is interesting that little positive is spoken about Russia. And the contrast between treatment of still red China and newly anti-red Russia is remarcable. There were no direct clashes between US and Russian troops since 1917 when US marines were sent onto Russian soil. but thousands of GIs died in Korea as fighting Chinese. However, unlike China, Russia was made to look like a mortal enemy for much longer, thanks largely to American brainiacs in power.

So, Russia was first treated as a hideous foe and then as a hideous loser for so long that too many started to see it as such.

But let's check the reality: the country is virtually free of debt (compare to the US's 9 trillion and mounting), state institutions are stable and often shockingly popular (compare Putin's approval rating of 70+ percent with George W's), it is flush with resources, opportunities and entreprenurial minds and therefore it grows by 7-9 percent a year with outlook being even higher.

Russians still prefer to speak in Russian, and act like Russians, quelle dommage, but otherwise, just like China, it is a place to make millions.

Ehr, scratch millions, put billions instead.