The top 10 brands in Russia and their struggles.
https://wolfstreet.com/2022/07/07/new-vehicle-sales-in-russia-collapsed-by-82-in-june/
OPM = Other People’s Money -- namely from American and European retail investors and pension beneficiaries.
One more complication in the vast global oil trade, even for the US, one of the largest producers in the world and a big exporter.
These mega rate hikes likely have Putin’s support because inflation can become a political bitch.
But the US and Russia have similar red-hot inflation rates.
US Inflation is almost as hot as in Russia, but the Fed is still blowing it off.
Shares of shale oil drillers collapsed by 25%-50% today. Their bonds got massacred. Saudi-Russia price-war strategy appears successful in wiping out investors in the US shale-oil sector.
https://wolfstreet.com/2020/03/09/great-american-shale-oil-bust-turns-into-massacre/
GM tries to shrink itself out of trouble. And it shrinks where it wants to grow. But when will it stop before hitting zero? Ugly charts of GM’s global vehicle sales, by region.
Population control is the new name of the game.
China, Japan, other foreign investors, the Fed, US government funds? Nope.
https://wolfstreet.com/2018/09/18/who-bought-1-47-trillion-of-new-us-national-debt-past-12-months/