Tag: Russia vs. USA Economic Prospects

NOVANEWS By F. William Engdahl New Eastern Outlook   Taking the extraordinary USA and EU economic sanctions against Russia and low oil prices since 2014 into account, Russia’s economic outlook looks excellent going forward while that of Trump’s America looks bleak, to put it mildly. Paraphrasing the memorable 1992 Presidential candidates debate between a then-young William Jefferson Clinton and George H.W. Bush, “It’s the debt, stupid.” In the past few years too many US economists and analysts such as Moody’s Credit Rating have tried to dismiss the economy of the Russian Federation as a near-bankrupt Soviet-era oil and gas-dependent economy, devastated by the 2014 collapse in oil price. This is a grave mistake, especially so as military calculations of NATO in many cases depend...