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Cake day: August 8th, 2023

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  • That’s the thing about a war time economy, you produce one tank, and BOOM you’ve added $3.5MM to your GDP. A single SU-35? About 16MM added to GDP.

    You can’t eat tanks and jets though, the labor and resources used to maintain a war footing are vast, and must be poached from other areas of the economy. The longer you maintain this posture, the more dramatic the contraction.

    Gazprom posted a loss for the first time in decades. They sell one of the most profitable substances ever discovered by man and they still couldn’t turn a profit… despite how little the sanctions are impacting them, no less!