Mark Adomanis: Stagnation rearing its ugly head in Russia
Russian President Vladimir Putin submerges on board C-Explorer 3 bathyscaphe into the waters of the Black Sea outside Sevastopol on Aug. 18, 2015, to explore a shipwreck.
Ever since I first started to study Russia, I've read that is it on the verge of "stagnation." Virtually every other week, even as Russia's economy was rocketing along at 7 percent annual growth, The Economist, The Guardian, or The Wall Street Journal would write an aggrieved editorial bemoaning the country's descent into a mire of corruption and inefficiency and the weakening of vital reforms passed during the 1990s.
