Sorry Joe, is this true? GDP mathematically goes up when nations go into war-spending, but few would say, living through it, that the economy was "booming."

An interest rate of 19% for a currency no-one wants in the global markets is not a sign of strength.

Yes, Europe is in a recession. I believe the U.S. too. And China. But that's from a slow down in non-war economic activity. It is Russia that will suffer the most because its oil feeds the global economic output. As oil prices fall it will hurt worse than the buyers because it is diverting so much towards the war industry--which won't generate money, unless they get Ukraine's oil/gas fields.

Russia is on a path towards economic implosion. That doesn't mean everything will be good. Quite the contrary. Anyway, hope you're well. My 2-cents.