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The John Batchelor Show

#Russia: War economy produces GDP growth without revenue to pay for it. Michael Bernstam, Hoover Institution

The John Batchelor Show

John Batchelor

News, Arts, Books, Society & Culture

4.52.8K Ratings

🗓️ 12 October 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary

#Russia: War economy produces GDP growth without revenue to pay for it. Michael Bernstam, Hoover Institution
https://www.nytimes.com/2023/10/09/business/economy/russia-economy-ukraine-war.html
1921 MOSCOW

Transcript

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0:00.0

How's the car looking?

0:01.5

Well, we're going to have to do a full rebuild and the vacuum amplifier and your crankshaft

0:04.7

sensors short, so we have to put in a new one.

0:06.5

Your transmission differential is damaged too.

0:08.4

My back, clock at a link converter.

0:10.0

So I'll have to check that out as well.

0:12.0

Yep, it will be at least three weeks and it's going to cost you.

0:15.1

Looking for garage services without going to the garage,

0:17.8

then there's Fixter.

0:18.7

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0:21.6

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0:24.3

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0:25.1

Go to fixter.co.uk to learn more.

0:27.6

Fixter, then you're back on track.

0:30.0

This is CBSI in the world.

0:36.8

I'm John Bachelor.

0:38.1

The Russian economy under sanctions during wartime.

0:42.2

A new war in the Middle East and the Russian economy.

0:45.9

Hard to see, hard to predict, but Michael Bernstom,

0:49.6

of the Hoover Institution to see my guide on the Russian economy.

0:53.2

And Michael guides me to note something that's not negative.

0:56.4

Michael, the price of oil, it hasn't gone up.

...

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