Russia’s $630 bn reserve is
1. National asset
2. Accumulated current account surplus @ntrickett16 @M_C_Klein @michaelxpettis
But also
3. $300 bn petrodollar funding flow to money markets (Pozsar) That we just cut off.
Chartbook #89 on fall out.
adamtooze.substack.com/p/chartbook-89… https://t.co/ePkKY1iFZ8
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…