Kadyrov hugging a ghost according to the dems & zelensky

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[–][deleted] 4 insightful - 2 fun4 insightful - 1 fun5 insightful - 2 fun -  (5 children)

Only because Russia is retreating, its money is supposedly backed with gold, because gas and oil sales continue without interruption, because Russia wants Rubles for gas and oil, because export firms will be required to convert 80% of their foreign currency earnings into roubles, and because traders want to collect a few Rubles early in the event of successful negotions, now that Russians have had their asses handed to them in Ukraine.

https://www.reuters.com/business/finance/rouble-hits-one-month-high-vs-dollar-russian-stocks-regain-ground-2022-03-29/

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (4 children)

Only because Russia is retreating

RUB began recovering March 11th.

its money is supposedly backed with gold

Has been backed with Gold for years.

because gas and oil sales continue without interruption

Yes, useless sanctions are a big factor. Who gives a fuck Russia can't use FB or eat McDonald's. Probably did the whole country a huge favor.

Russians have had their asses handed to them in Ukraine.

You and I must have been watching different wars. Cause this war I'm looking at, Russia exchanged conscript troops and old gear for areas of Ukraine worth billions while shrugging off ineffectual sanctions and it looks like the ruble might end up stronger than before. Russia has a nice command of oil exports, neon exports, and wheat exports. Neon particularly is a big one. You need Neon for making semiconductors. Half of all the neon is in Russia.

It's why the microchip stocks are doing well. Semiconductor production is a vital strategic interest. All of modern tech requires them and we are reliant on foreign imports.

[–][deleted] 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Regarding neon:

https://www.reuters.com/technology/exclusive-ukraine-halts-half-worlds-neon-output-chips-clouding-outlook-2022-03-11/

https://qz.com/2134896/if-ukraines-neon-exports-flag-the-chip-shortage-will-get-worse/

https://economictimes.indiatimes.com/news/international/business/ukraine-halts-half-of-worlds-neon-output-for-chips-clouding-outlook/articleshow/90153722.cms

https://www.reddit.com/r/wallstreetbets/comments/t15zeg/ukraine_exports_70_of_global_neon_supply_needed/

Regarding Ukraine exports in general:

Donetsk and Luhansk oblasts together produced about 30 percent of Ukraine's exports

https://en.wikipedia.org/wiki/Donbas

[–]grassfed 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

Amd is in a bubble, it should be 10$ like a few years ago

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

Why's that?

[–]grassfed 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Processor are now at 5 nm, there is no reason to upgrade. Its a dead end