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Russia’s economy after 6 months of war
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The ruble has rebounded, but Russia is suffering a brain drain and remains economically isolated. Plus, how the Fed's changing role in the bond market could help tame inflation.
Segments From this episode
Russia remains economically isolated and it's suffering a brain drain of young, educated professionals, explains Kristy Ironside of McGill University.
In the past fifty years, tuition at both public and private schools has more than tripled, even after accounting for inflation.
The Federal Reserve is unwinding its bond-buying program. Will that help deflate the inflation balloon?
The Fed uses its buying power in the bond market to raise or lower interest rates by manipulating how much money is available in the economy.
Big-box retailers are dumping excess inventory because of lower sales. Liquidators, who resell that merchandise, are thriving.
Like many businesses, small businesses stocked up on inventory early in the pandemic, given the congested supply chain. Now, many are trying to get rid of that inventory, as the economy grows more uncertain.
After a 10-week trial, an employee survey revealed stress tied to the altered schedules. But the CEO is still working on solutions.