Russian stock Market in dollar terms has suffered unspeakable losses. Let's break it down.
Since 2008 (15 years ago) down -60%
Since 2011 (12 years ago) down -50%
Since 2021 (2 years ago) down -45%
Anyone who bought Russia since 2005 has not only lost in nominal price but has also suffered massive losses against inflation.
More info. I wrote here USDRUB
The next time someone tries to tell you Russia is "winning" you can share this reality. Russia has lost in every aspect already. This will affect them for generations to come.
Since 2008 (15 years ago) down -60%
Since 2011 (12 years ago) down -50%
Since 2021 (2 years ago) down -45%
Anyone who bought Russia since 2005 has not only lost in nominal price but has also suffered massive losses against inflation.
More info. I wrote here USDRUB
The next time someone tries to tell you Russia is "winning" you can share this reality. Russia has lost in every aspect already. This will affect them for generations to come.
Real Macro Economic Investing
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www.patreon.com/Realmacro
