This pretty much nails the article.

But there are things the article doesn’t mention, so it’s even worse than that. Because the real estate market is on the brink of collapse.
And the financial institutions are not well bolstered, because they’ve been forced to lend money to the weapons industry, so the Russian state can buy weapons below cost price!
So if the real estate market collapses, the banks will collapse, and apart from the extreme economic slow down that causes, the weapons industry will simply not be able to make weapons for the Russian army!!!

It’s all a house of cards, and there are many more fractures in the Russian economy than this, but this is the most obvious AFAIK.
As things are going, there is no if, It sems to be literally only a matter of time when the Russian economy will collapse. Some are guessing that it can’t hold longer than until Mid summer. But Russia has this weird tradition, where people keep meeting for work, even if they haven’t been paid for months?! This could possibly extend it a bit further.

The Kremlin has no plan D to finance its budget deficit

This key point is worth mentioning too IMO. Russia is out of options, because every aspect of their economy is stressed beyond sustainable limits already.

For the Kremlin, it thus looks like this year is set to be difficult on the fiscal front.

This gave me a chuckle, it’s such an understatement.

I’m beginning to suspect that US society is so insane, that people go insane living there.
The stress from the constant lies and gaslighting, and the pressure of poor health and social services, the bigotry and discrimination, and a fundamentally flawed democracy. I seriously think these things combined make people crazy. There is no country I know of, that have such a degree of outright insane politicians.
There are also stellar Americans, that are world class good people, but unfortunately good people are a minority, and it must be hell for them right now.
Seems to me USA may be the worst society to live in now, among all developed countries.

Yes, and this is a very important factor if you want to get or stay ahead.
Intel had their famous Tik-Tok strategy up until 2016, and when that broke, Intel broke.
Nvidia had a similar strategy churning originally out new GPU models at twice the speed of competitors. And Nvidia is now the most successful chip making company ever.

This article is a bit more modest than twice the speed, stating only 30% faster development cycle in China, but there is no doubt the Chinese market is extremely competitive:
https://www.msn.com/en-us/money/companies/how-china-is-churning-out-evs-faster-than-everyone-else/ar-BB1jhlzH

I’ve been saying this for years, Tesla will not remain #1 on electric cars once they become mainstream.
Tesla has declining sales in ALL major markets, and they have only half the profitability of the average for the industry!!
Tesla is not a competitive brand anymore, and unless something is done, Tesla will be gone in 10-20 years.

This is not just because of Musk, it’s also because the alternatives are getting better than Tesla now. Musk is absolutely accelerating the decline of Tesla, both by making stupid decisions for Tesla, and by being an unpopular figure.
But Tesla is not developing at the same cadence as other makers, 5 years to make an updated model Y is a very slow development cadence, the average is about 3 years, and currently in China for EV it’s allegedly half that!!
For a new type of car, where developments are constant on better technologies like batteries, 5 years is horrendously slow, and cutting prices hard kind of makes it worse, devaluing the entire fleet of existing cars.
Something Musk also promised wouldn’t happen, as he claims a Tesla holds value better than any other brand, which is now obviously false.

Fascist state oppressing minorities.
MAGA is evil.

Thank you to Canada and all Canadians for supporting Ukraine against Russia, that has become a threat to all of Europe.

Yes there are huge populations around the world where superstition is quite extreme, and they believe witchcraft is a real thing. Haiti with their voodoo is probably the most famous, but they have similar superstitions all over Africa too.

At least it’s less malignant here, that most superstitious people believe in crystal healing and homeopathy.

Paywall

You are right, the problem is very much a widespread attitude in USA.
They need to modernize their democracy, and they need to modernize their interpretation and regulation of what free speech is.
The 2 main reasons USA is as fucked up as it is now, is that the 2 party system undermines democracy, and way too much misinformation is allowed.
You can’t build democracy on lies.

I really really hope Americans will wake up soon, and realize this.

As an EU citizen, we want good relations with USA, It’s 100% Trump and Musk who are ruining it.
They are literally insane, and USA needs to remove them. Unless they do, I guess we can’t be friends anymore.