Russia's war economy isn't as resilient as reports would have you believe

Tech Insider

Happy Friday, team. I'm Phil Rosen. This week we've seen a storm of economic data in the US. 

The alphabet soup of readings — CPI, PPI, and jobless claims — all point to cooling inflation and a softening labor market. 

In theory, that's good news for the Fed, because it suggests its policy is working. 

Russia's economy is worse than Moscow claims because military spending covers up how much the private sector is shrinking

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Vladimir Putin
Russian President Vladimir Putin delivers a speech before a ceremony celebrating Women's Day in Moscow on March 8, 2023.

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Russian President Vladimir Putin gestures during a meeting with journalists after a live broadcast nationwide call-in in Moscow, Russia, April 14, 2016.

REUTERS/Maxim Shemetov

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Russian President Vladimir Putin.

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Russian President Vladimir Putin talks on the phone as part of a nationwide charity campaign, in Moscow on January 3, 2023.

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Russia's economy continues to reel as energy revenue and the ruble weaken

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Russian President Vladimir Putin
Russian President Vladimir Putin.

Mikhail Klimentyev/AP

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Russian President Vladimir Putin
Russian President Vladimir Putin.

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Russian President Vladimir Putin rides a suburban train in Moscow, Russia, in November 2019.

Alexei Druzhinin, Sputnik, Kremlin Pool Photo via AP)

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A Russian Sukhoi Su-57 fifth-generation jet fighter performs during an air show outside Moscow, Russia, on July 20, 2021. -

Dimitar Dilkoff/POOL/AFP via Getty Images

Elon Musk's Twitter is now recommending Kremlin-linked accounts to users after restricting them last year, tests suggest

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Elon Musk took control of Twitter in late October.

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