Editor: Vladimir Bajic | Tactical Investor
Russia’s faltering Economy
“Nobody wants to invest,” said Vladislav Inozemtsev, founder and director of the Center for Post-Industrial Studies, a group of experts from Moscow. “Nobody believes that the economic situation will be better tomorrow than it is today.” Mr Inozemtsev calls this period the “lost decade
Putin should have done the right thing when oil prices were higher like making it easier to open a business, going after corruption and eliminating red tape. Instead, he chose to do let his buddies control the action and opted to do nothing. Now it’s time to pay the Pied piper.