Monday, January 18, 2016

Russian Economic Downturn: Taking Down the Middle Class

A Dark Cloud Is Descending Over Russia's Economy (Samuel Bendett) from Real Clear World
"A number of economic bubbles, created when the economy heavily depended on oil and gas for its well-being -- such as for example, in real estate -- will burst sooner or later, leading to the collapse of the well-being of many of those who used to consider themselves the Russian middle class."

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