Yale's Sonnenfeld breaks down myths surrounding the strength of Russia's economy

Discussion on economic and financial management should be given a full attention especially in a recession but most people tend to shy away from it and end up haunting their future

Russia never had a great economy even before the war.

Always roll my eyes when people talk about how strong the ruble is

The faster we all renovate our homes and buildings to high insulation, high efficiency, heated and cooled by renewably powered electricity the better for climate stability and energy security.

The funny thing is that people do only look on McDonalds and similar end-consumer stuff. Here in Austria I would not care if McDonalds would not exist any more - I didn't visit it for more than 2 months. Of course, the unemployed people are not nice to have, but still not critical to the society in total. For me as an engineer, I do already have to struggle with the lack of supply on some microchips for my R&D development, so one may try to imagine what the sanctions mean to production companies which suddenly got cut off their supply lines. Or think about cars: ABS, Airbags, etc are already gone from newly produced cars. Even though those components are not critical for the car to operate - what happens in the motor control units run out of stock? And not only for new cars, also for repairing broken devices. Or let's go to the IT sector: My aunt is a tax advisor in Vienna with 5 employees. Once the network-switch failed and even though they could do some work they were crippled. Replacing in a regular economy environment is no problem, but if that IT stuff is not available any more the efficacy drops significantly for any business that has a strong need for IT - especially in productions.

I want to hear more from Jeff Sonnenfeld! Bring him back please!

Great video Prof Sonnenfeld. Looking forward to your next presentation.

Born in Philadelphia on April 1st, 1954 to Jewish parents, Jeffrey Sonnenfeld is the son of Burton Sonnenfeld, a men's clothing retailer, and Rochelle Sonnenfeld, a healthcare and community leader. Sonnenfeld's mother, Rochelle, originally immigrated to the United States from the former Russian Empire in the 1920s.[5]

Outstanding interview and insights.

Nothing I didn't know but as someone who has worked in the finance industry I do have a better understanding of economics. I've been telling people for months now that russia can say whatever the hell it likes about its economy but in the end its a lose-lose situation for the Russians. Same thing about the energy imported into Europe, Russia needs europe much more than Europe needs it but such is putins ignorance that it will be to his detriment.

He's amazing

Very informative.

The myth of the Russian tank says it all.

Will the professor give us an (October) update on Russia anytime soon?

Wish the CNBC commentator had been more thoughtful with time for Sonnenfeld.

YES

Russia is mirroring Venezuela in many aspects and moving towards mirroring completely. At current migration rate Russia will mirror Venezuelan living abroad which is at 20 percent. Russia at just under 10 percent and moving upwards. If by Russians citizens desires to leave, it could exceed Venezuela. Similarity in foreign technology is needed by both. Venezuela oil reserve is mostly of dirty oil(high sulfur and other elements) which uses resources only available in western nations. All pointing to the citizens of both nations hurting.

i think the long term economic impacts to russia have yet to be seen. 500K russians have left alot with science and engineering backgrounds. most of the world outside of india and china wont export to them...and they can only access technology by using middlemen who mark up the price. if you dont have access to the latest chips then you're going to fall behind in things like AI and machine learning.

This prof always interesting. Interview shouldve been longer.

This guy is toast! He should go and fight for Ukraine.