Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil.
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"Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil." — Max Keiser #moneywealth
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Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tre…
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Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil. — Max Keiser
About Max Keiser
Max Keiser was a Journalist from United States (1960–present).
Frequently Asked Questions
Who said "Russia's economy is both cursed and blessed by oil. When the oil price goes up,…"?
This quote is attributed to Max Keiser, a Journalist from United States.
When did Max Keiser live?
Max Keiser lived from 1960 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.