Friday, May 30, 2025

IMF: Global Debt is Higher and Rising Faster in 80% [59 countries] of Global Economy

 

Chart Credit: IMF.org

"Global public debt is very high and rising. According to the WEO reference projection in 2025, it will rise above 95 percent of GDP. It is higher and growing faster than pre‑pandemic. It will be approaching 100 percent of GDP by the end of the decade, surpassing the pandemic peak, but global numbers hide a wide diversity across countries. In the figure, every bubble represents a country. The larger the bubble, the larger the country's GDP. The figure shows debt levels on the vertical axis and debt growth on the horizontal axis compared to pre‑pandemic. The higher the bubble in the figure, the more debt has increased compared to 2019."

IMF Report on Global Debt

Press Briefing

Saturday, May 24, 2025

Clarity on Support for Ukraine

 


photos: X.com @CaolanRob

Last night (May 24), Russia launched against several cities in Ukraine, including Kyiv, 14 ballistic missiles and 250 Shahed drones.  Ukraine shot down 6 missiles and 245 drones. The remaining missiles and drones did extensive damage and caused numerous injuries.  President Zelenskyy posted that "Rescue and emergency operations are ongoing at the sites of strikes and debris impacts — wherever they are needed. There were many fires and explosions in the city overnight. Once again, residential buildings..."

Wednesday, May 21, 2025

Where we stand in Russia's Invasion of Ukraine

 

Shankar Narayan, who frequently writes about Russia's invasion of Ukraine, has an insightful article at Medium.com on the meaning of Monday's call between Trump and Putin.

Narayan writes, "Putin likely walked into that call with a clear plan: smile, nod, and say a firm no.  If Ukraine won't surrender, then he's not handing Trump anything to brag about on social media.  And it looks like he executed that strategy to perfection."

As a consequence, "Trump didn't announce a ceasefire after the call.  Instead, he announced that the United States would step back from mediation entirely--and watch the war from the sidelines."

In other words, despite Trump's bluster about his good relationship with Putin and being able to end the war in 24 hours, he failed yet again.  Ukraine will have to fight on.  

 A fundamental flaw in Trump's approach, Narayan points out, is, "To expect the MAGA movement to understand the value of democracy is like expecting a dictator to understand the value of truth.  It won't happen."

To read Narayan's article, go to Medium.com at Trump Tried to End the War.  Putin Humiliated Him Instead.

Tuesday, April 29, 2025

Russian Torture as an Instrument of War

Body of Ukrainian journalist Victoria Roshchyna imprisoned in Russia returned to Ukraine


“…her eyes, brain, and part of her larynx were removed before her body’s return. Her hyoid bone, located at the front of the neck, was also broken. A forensic expert interviewed by the outlet said these removals may have been intended to conceal evidence of torture by Russian security forces.”

https://flip.it/XIl6Lm

https://x.com/avalaina/status/1917254448679973229?s=46&t=VAWLHj9LgMpnUUVeXUrn9w

https://www.theguardian.com/world/2025/apr/29/viktoriia-roshchyna-ukrainian-journalist-death-russian-prison


Saturday, September 7, 2024

The War in Ukraine Is Already Over--Russia Just Doesn't Know It Yet


The title above is by Paul Schwennesen a "military affairs analyst and environmental historian", writing in Reason magazine (Reason.com).  It is worth reading.  It is not about the advantages of military resources or the advantage of foreign support for either Russia or Ukraine.

The article is built on anecdotes about the resilience, cohesion, and fighting spirit of the Ukrainian people and the Ukrainian military, all lacking on the side of the Russians even when they are defending their own territory as they are today in the Russian region of Kursk.

In the early days of the war, no one believed that Ukraine could last more than three days, did no one expected that Ukraine over the first months of conflict would push the Russians back from most of the territory they occupied?  Did anyone believe that Ukraine could invade Russia as they have done in Kursk?

What accounts for it, when the Ukrainians, especially in the early days of the Russian invasion, lacked Russia's arms and manpower.  Certainly, the Russians made mistakes that have cost them dearly, but if the Ukrainians had acted as expected they would still have been overwhelmed by Russia's military superiority.  

Ukrainian resolve, Paul Schwennesen writes, made the difference and will determine the outcome of the war.

Schwennesen concludes, "The moral scales have now firmly settled on the side of the Ukrainian defenders, and it is far likelier that Russia itself splinters into its constituent republics than that Ukraine falls to its erstwhile invaders."


Monday, August 12, 2024

Wars Come Down to Economics--Russia is on the Brink of Disaster in Ukraine


How long can Russia afford its war on Ukraine?

That's an important question because a country can afford a war only as long as its economy can afford the cost.  

Initially anticipating a short, easy invasion of Ukraine, Russia has instead, after more than two years, either brought on itself a long war of attrition or a war of sudden, catastrophic strategic collapse, both of which are extremely expensive.

Recent articles (see below) on Russia's economy paint a complex picture.  While Russia appears to be doing well at the moment, with GDP growth greater than most developed economies, it is constrained by falling financial resources and limits on its economic growth that are becoming acute.

Future economic prospects--and what effect these will have on the war--are unknowable, but Russia's growing economic fragility increases the prospect of an economic or war-related event that, in turn, triggers a catastrophic financial or economic crisis outside the control of Russian authorities; an event, for instance, like the current, evolving Ukrainian invasion of Russia's Kursk region, with the displacement of nearly 200,000 Russians.  In fact, Russian authorities' disregard for consequences makes such an event nearly certain.

Bloomberg.com

Russia Economy Set for Sharp Slowdown After Second Quarter

NewEasternEurope.eu

Four signals regarding Russian economic problems in the “war of attrition”

Bloomberg.com

Russia Economy Set for Sharp Slowdown After Second Quarter

BusinessInsider.com

Russia Could See Severe Recession Within a Year, Berkley Economist Says

BusinessInsider.com

Russia's Economy Faces a Demographic Disaster and Risks Seeing its Population Reduced by Half by the End of this Century





Friday, May 17, 2024

The Numbers in Ukraine Don't Favor Russia



The following is an excellent synopsis of one of the most difficult issues of Russia's war on Ukraine, the question of how many soldiers Russia has available to carry out its war, by Ukraine Reporter at @StateofUkaine--"Award-winning muckrakers and researchers from Ukraine and Russia with long-standing ties to the US and MENA. Protecting identities to preserve independence." I've consolidated their X (Twitter) thread below to make it easy to read.

Ukraine Reporter makes the point that, while Russia needs more soldiers than it has to ensure its success, Ukraine not only needs more soldiers but also Western weapons, that Ukraine might have won already in late 2022 if the West had provided more of those weapons. This is largely correct but I am uncomfortable with the way that argument is often made by many communitators. It is too close to Russia's false claim that Ukraine is acting solely as an agent of the West and, in particular, NATO. Ukraine did not resist Russia's invasion predicated on or based on Western assistance and did not succeed everyone's--especially the Russian's--expectations based on Western arms. In fact, the Ukrainians fought regardless of Western support and will continue to fight. Their capacity to fight Russia might be lower without Western weapons, but they will fight; perhaps by again exceeding expectations or at least through guerilla warfare. Russia will never succeed in suppressing the Ukrainian people or state. It is too late for that. As the Ukraine Reporter analysis suggests, Russia is just as likely to lose its war on Ukraine. The real question is whether Russia also fails as a state and enters the dustbin of history.

Ukraine Reporter:

Russia is actively recruiting soldiers to replace massive casualties in Ukraine, bolstering the myth of almost endless Russian human resources. We've been looking into it, and the picture isn't as pretty as the Putin regime would like the world to believe.

After realizing that 200k troops was not enough to defeat Ukraine in 2022, Russia started using every recruitment trick in the book, in many cases, using methods directly from Stalin's playbook.

In the early part of 2022, Russia was able to recruit Russian nationalists and other ideologically-motivated volunteers, who had already served in the Russian army (in many cases they were old enough to have served in the Soviet Army) or hadn't been eligible for service.

Nationalistic volunteers were not necessarily fighting only for money, in many cases they believed that they were helping restore Russia to some kind of previous glory, whether Soviet or pre-Soviet imperial.

In parallel, in 2022, Russia increased mobilization efforts in Russian-occupied Donetsk and Luhansk, hunting down young and old men alike who had previously evaded serving in Russian DPR/LNR units. In 2022, these men formed the bulk of Russian cannon fodder.

Forcing Ukrainian citizens stuck in Russian-occupied territories into meat storms was an ideal strategy for Russia because it helped insulate Russian society from massive casualties, but eventually that resource started running out.

By fall 2022, Ukraine had mobilized close to a million motivated people, outnumbering Russian troops, many of whom were now disillusioned by the war. At this critical juncture, had the West surged weapons to Ukraine, Russian front lines would have completely collapsed.

Indeed, by late fall 2022, Ukraine has liberated most of the Kharkiv region and the city of Kherson, pushing Russian troops to the eastern bank of the Dnipro. At this point, the momentum was on Ukraine's side.

As Ukrainians pleaded for an increase in weapons and ammo to take advantage of a small window of opportunity to decisively defeat Russia when it was on the back foot, Russian commanders were pleading for additional troops to prevent the looming defeat.

As a million Ukrainians were forced to wait for weapons that never arrived or were severely and deliberately delayed by the West, instead of quickly liberating poorly defended Russian-occupied territories, Russia began mobilizing several hundred thousand troops.

Thanks to the Russian mobilization effort and cooperation from a West uncommitted to a Ukrainian victory, Russia stabilized the front lines and renewed its own offensive operations.

Although Russia's capacity, such as facilities and personnel, to train new recruits were limited, Russia used Belarus to expand that capacity and began to streamline the training process, focusing on increasing the quantity of troops over their quality.

Stalin's "quantity has a quality all its own" approach was now Russia's path forward. If in the 2010s, Russia (mostly unsuccessfully) tried to modernize its armed forces to have better trained and equipped soldiers, it was now reverting back to meat wave warfare.

With Ukraine being drip-fed weapons, troop quality was now far less important for Russia than sheer numbers. Now Russian orphans, psychiatric patients, and convicts would be assaulting Ukrainian defenses.

Russian private military companies like Wagner, recruited mercenaries, especially from the prison system, furthering swelling the ranks of Russian forces in Ukraine to around 500k soldiers.

After the bloody battles of Bakhmut, Avdiivka, and other small towns and villages in eastern Ukraine, Russia began depleting the convict resource, and started searching for other ways to increase the troop count, especially as Ukrainian resistance remained fierce.

Although there is constant speculation that Putin will announce a new mobilization wave, he has so far refrained from doing so, fearing that it could undermine his regime, especially in the wake of Prigozhin's revolt.

Instead, Russia has been quietly recruiting around 30k soldiers/month using a hidden mobilization, that relies on a carrot-and-stick approach. This effort has been sufficient to replace casualties while Ukraine is outgunned, but insufficient to achieve a victory.

Because mass mobilization carries risks, the Putin regime has distributed that risk across regions and institutions in an attempt to redirect any discontent with the Kremlin, which protected by state propaganda, tries to stay above the fray as much as possible.

In the "Good Tsar, bad Boyars" paradigm, local Russian officials do much of the dirty work of recruiting soldiers, while Putin escapes popular wrath. Russian institutions and regions are required to meet mobilization quotas and pay the price whether they fail or succeed.

For example, regional officials offer amnesty to people facing criminal convictions if they sign up to fight in Ukraine. In some cases, the charges may be bogus or motivated by local political or financial disputes, but some prefer fighting in Ukraine for pay to prison.

To meet mobilization quotas, wealthier Russian regions are literally buying people from poorer regions, promising them bigger paychecks if they sign up as recruits from the wealthier regions.

Because the Russian economy is on a war footing, those working in the military industrial complex are exempt from serving in the military, which has incentivized regions and companies to increase the number of (often low-paying) jobs in the military industrial sector.

Recently, the price of recruitment has dramatically increased severalfold across multiple regions. For example, in regions like Krasnodar Krai, authorities are offering recruits staggering $10k/month salaries.

As fewer Russians are willing to risk their lives in Ukraine, the price of recruitment is increasing, tension between regions is growing (especially as places like Chechnya enjoy special protection from the war), and the need for increasingly unpopular measures is evident.

Russia needs a large mobilization wave to achieve any major results, but its resources are not limitless. The idea that Ukrainians will run out of bullets before Russia runs out of people is Kremlin propaganda, which can be easily obliterated by properly arming Ukraine.