JRL NEWSWATCH: “[‘Let’s talk about Russia’s next top model – for economic growth …’]” – Bear Market Brief/Weekly Tea with Aaron Schwartzbaum (@aaron_schwa)

File Photo of Kremlin Aerial View, adapted from .gov source

“Let’s talk about Russia’s next top model … for economic growth …. Two camps have come to the forefront … statists and liberals. … [with] a clearer picture of the government, the question is which camp, if either, won. At first glance, it would look like the liberals at least did comparatively better. Glazyev may leave, Siluanov, a product of MinFin, is First Deputy Prime Minister, and Kudrin is now in government, albeit not at the center of things. Putin, meanwhile, has clearly bought into the need for management reform and more social spending. But looking at Russia’s economy, one would be hard-pressed to argue statism is in retreat: the most powerful statists just aren’t in government. … Igor Sechin and Sergei Chemezov. … the ideological struggle is more about Putin balancing interests than anything else.”

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