Russia Economic Crisis III: On the Importance of Self-Sufficiency in Liquids

In this essay, I analyze three major areas of concern about the current Russian economy – the debt burden, balance of payments and future fiscal sustainability. Although on paper Russia is comfortably solvent, rolling over debt has been problematic for Russia Inc. because of the shutdown of its traditional financing mechanisms, cheap American credit and […]

Congratulations, America!

As I predicted he would, Obama has won overwhelmingly. As I argued, this was the best possible outcome for America – Obama understands the importance of investing heavily in renewable energy and new infrastructure, and would withdraw from the financially ruinous Iraq adventure. Just by his election, he has bolstered America’s battered image around the […]

Demography III – Faces of the Future

I developed a model on Russia’s future demographic development in Matlab. First, I will describe (non-mathematically) the essentials of how it works; then I will present a range of different possible scenarios. Our data is sourced from Rosstat and the Human Mortality Database. Demography is a social science, and as such it is impossible to […]

Why Obama Will Almost Certainly Win

Read these two posts by Krugman at Conscience of a Liberal, here and here. 1. A looming recession, after seven years of stagnation in the US median wage, means that the likelihood of positive income growth this year is very small. Even assuming it’s 0% would mean that the incumbent party’s nominee, McCain, can be […]