Today, budget expenditures look like in Figure 1.

But according to the budget law, at the end of this year they will look like in Figure 2.

And it will be very interesting to see this.

Budget expenditures directly affect economic activity and the speed of money turnover, which we observe as an increase in lending and an increase in M2.

That is, in this case, money turnover will fall, and the budget deficit, as strange as it may seem, will help keep the financial system on the surface. ... Читать дальше »

Russian authorities have destroyed access to key statistical resources, and I can no longer provide analysis on this topic.

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Ограничения применяются всеми крупнейшими провайдерами:Ростелеком, МТС, МегаФон, Вымпелком, МГТС и др.

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... Читать дальше »

There is a certain trend here that may even suggest some actions to you.

Comparison of EU budget expenditure and inflation as an annual growth rate.

The following is a comparison of historical inflation in the EU and the USA as an average for this period.

US budget expenditures remain elevated, which confirms inflationary risks.

The ratio between M2 and the monetary base is a good indicator of the risks in the monetary system.

US inflation risks rising as bank lending resumes pace.

The Magnitogorsk Iron and Steel Works' performance has approached zero.

Metallurgists are currently out of favor on the stock exchange.

As budget spending will slowly slide down, the Central Bank's key rate will follow.