{"id":47422,"date":"2014-12-17T17:14:08","date_gmt":"2014-12-17T17:14:08","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/bloomberg_the_collapse_of_putins_economic_system\/"},"modified":"2014-12-17T17:14:08","modified_gmt":"2014-12-17T17:14:08","slug":"bloomberg_the_collapse_of_putins_economic_system","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=47422","title":{"rendered":"(Bloomberg) The Collapse of Putin&#39;s Economic System"},"content":{"rendered":"<p>The ruble meltdown and accompanying economic slump marks the collapse of Putin\u2019s oil-fueled economic system of the past 15 years, said an executive at Gazprombank, the lender affiliated to Russia\u2019s state gas exporter. He asked not to be identified because of the sensitivity of the issue.<\/p>\n<p>The higher interest rate will crush lending to households and businesses and deepen Russia\u2019s looming recession, according to Neil Shearing, chief emerging-markets economist at London-based Capital Economics Ltd.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2014-12-16\/putin-s-mantra-of-russia-stability-unravels-as-ruble-in-meltdown.html\">Read it all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ruble meltdown and accompanying economic slump marks the collapse of Putin\u2019s oil-fueled economic system of the past 15 years, said an executive at Gazprombank, the lender affiliated to Russia\u2019s state gas exporter. He asked not to be identified because<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=47422\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,175,582,589,595,592,143,149,168,200,144,119,151,479,585,34],"tags":[],"class_list":["post-47422","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-anthropology","category-consumerconsumer-spending","category-corporationscorporate-life","category-credit-markets","category-currency-markets","category-defense-national-security-military","category-economy","category-ethics-moral-theology","category-europe","category-foreign-relations","category-globalization","category-politics-in-general","category-russia","category-the-banking-systemsector","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/47422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47422"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/47422\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}