--- title: Putinomics and Love Triangles Brief --- [Skip to the main content.](https://corbu.co/putinomics-and-love-triangles-brief#main-content) [![2024 US Election Longitudinal Survey (5)](https://corbu.co/hs-fs/hubfs/2024%20US%20Election%20Longitudinal%20Survey%20(5).png?width=545&height=273&name=2024%20US%20Election%20Longitudinal%20Survey%20(5).png "2024 US Election Longitudinal Survey (5)")](https://corbu.co?hsLang=en) [![CORBU_WHITE_RGB](https://corbu.co/hs-fs/hubfs/CORBU_WHITE_RGB.png?width=1350&height=450&name=CORBU_WHITE_RGB.png "CORBU_WHITE_RGB")](https://corbu.co?hsLang=en) - [Project Shannon](https://corbu.co/corbu-project-shannon) ![menu toggle](https://corbu.co/hubfs/Corbu-Menu-Icon.png) Toggle Menu Toggle Menu - [Project Shannon](https://corbu.co/corbu-project-shannon) ##### Column Headline - Testing 1 - Sub Nav 1 - Sub Nav 2 - Testing 2 - Testing 3 ##### Column Headline - Testing 1 - Sub Nav 1 - Sub Nav 2 - Testing 2 - Testing 3 ##### Column Headline - Testing 1 - Sub Nav 1 - Sub Nav 2 - Testing 2 - Testing 3 ##### Column Headline - Testing 1 - Sub Nav 1 - Sub Nav 2 - Testing 2 - Testing 3 ![Headshots (30)-2](https://corbu.co/hs-fs/hubfs/Headshots%20(30)-2.png?width=500&height=500&name=Headshots%20(30)-2.png) Team CORBU Advisory Clients: given the early results of the European elections -- and further evidence that Putin’s hybrid | **New Generation Warfare** strategy \[see **[here](https://www.armyupress.army.mil/Portals/7/online-publications/documents/RNGW-Unclassified-Summary-Report.pdf?ver=2020-03-25-122734-383)**\] is having some tactical and operational success -- will assign some homework voluntary “Sunday night reading” ahead of this weekend’s upcoming G7 Apulia Summit. -Best. rja --- --- ### **[VIEW IN MAGAZINE MODE](https://corbu.co/putinomics-and-love-triangles?hsLang=en)**   [![unnamed (2)](https://corbu.co/hs-fs/hubfs/unnamed%20(2).jpg?width=750&height=735&name=unnamed%20(2).jpg)](https://www.armyupress.army.mil/Portals/7/online-publications/documents/RNGW-Unclassified-Summary-Report.pdf?ver=2020-03-25-122734-383) [![unnamed (3)](https://corbu.co/hs-fs/hubfs/unnamed%20(3).jpg?width=542&height=750&name=unnamed%20(3).jpg)](https://www.armyupress.army.mil/Portals/7/online-publications/documents/RNGW-Unclassified-Summary-Report.pdf?ver=2020-03-25-122734-383) ![unnamed (4)](https://corbu.co/hs-fs/hubfs/unnamed%20(4).jpg?width=761&height=668&name=unnamed%20(4).jpg) The required reading is Putin’s speech and subsequent Q&A session with Sergey **Karaganov** \[arguably the foremost Russian economic scholar in the post-Soviet era\] at the St Petersburg International Economic Forum \[**SPIEF**\] last week -- and which you can read [here](http://en.kremlin.ru/events/president/news/74234), very beautifully translated on the Kremlin’s English website.   ![unnamed (5)](https://corbu.co/hs-fs/hubfs/unnamed%20(5).jpg?width=779&height=1070&name=unnamed%20(5).jpg)   While not going into a deep dive of the SPIEF address -- will simply note that the slate of **Putin’s 10 economic priorities** were the following: - **Trade** and market access - Global **capital flows** - **Labor** markets and inflation - Raising **productivity** - Technology and **dual-use** applications - **Competition** policy in SMEs - Domestic savings and **investment **balance - Income transfers and **fiscal** space - Immigration and offsetting population **growth decline** eg, the very same program agenda one would find at any **official sector** gathering in US-NATO+ countries from Washington to Tokyo.   ![unnamed (6)](https://corbu.co/hs-fs/hubfs/unnamed%20(6).jpg?width=1089&height=792&name=unnamed%20(6).jpg) **WHY AM I TELLING YOU TO READ THIS ?** Besides the tradecraft of “**know thy adversary**” -- it’s for 3 reasons: **#1:** Contrary to conventional wisdom, *Putin spends* the majority of his public address time on matters of **economics and markets** -- and relatively less on the more headline-grabbing psy-ops of security | military | or nuclear issues \[**sidebar**: some “free IP” for our defense and markets clients who are “fine-tuning” AI-driven **predictive models** of Putin’s next steps -- training on just the corpus of Putin’s **SPIEF** and **Valdai** Club speeches is really the best place to start\] **#2:** The US Biden Admin is very clearly wielding **economic warfare** against the Axis of Adversaries -- eg, see POTUS’ recent Time Magazine interview transcript **[here](https://time.com/6984968/joe-biden-transcript-2024-interview/)**, where he notes things like: \[**sidebar**: the latter is a big delta and campaign signal from POTUS -- market participants should expect more of this “**Chinese xenophobia**” theme into US election season\] **#3:** Even China central bank officials acknowledge all this economic warfare -- see **PBoC** monetary policy committee member HUANG Haizhou’s remarks \[on WeChat **[here](https://mp.weixin.qq.com/s/ugwYr2clmZBpwtNxsrAF2Q?utm_source=substack&utm_medium=email)**\] at a recent Tsinghua University conference, noting that: ![unnamed (7)](https://corbu.co/hs-fs/hubfs/unnamed%20(7).jpg?width=951&height=727&name=unnamed%20(7).jpg) ![unnamed (8)](https://corbu.co/hs-fs/hubfs/unnamed%20(8).jpg?width=628&height=1000&name=unnamed%20(8).jpg) Will quickly close by noting that during the last XJP-Putin bilateral in Beijing -- Putin gifted the Chinese leader a copy of his purportedly favorite novel \[see **[here](https://www.aa.com.tr/en/europe/kremlin-says-preparations-for-putins-visit-to-china-entered-final-stage/3203313)** and **[here](https://english.news.cn/20240423/ceb161b1645f4f6f9cf698ec000a305d/c.html) **-- note the dates, too\] ***What is to be Done ?*** by Nikolay Chernyshevsky -- a Russian Imperialist-era story about a woman named Vera, who was in a **love triangle**, and: - Sought “**economic independence**” from the shackles of an arranged marriage - **Secretly eloped** with, Dmitry, an older and then-married man -- to create a new commune of feminist socialist laborers - And whose story culminated in a **four-some** -- where both Vera and Dmitry eventually found new \[younger\] loves -- and lived happily ever after *all under the same roof* \[LOL !\] If you don’t “get it” by now, you’re not **paying enough attention**.   ![unnamed](https://corbu.co/hs-fs/hubfs/unnamed.png?width=1322&height=1270&name=unnamed.png)   \[**sidebar**: the above Putin-Karaganov excerpt is a very illuminating and **important exchange** -- further revealing that the Russian side does indeed view themselves as the “**big brother**” of “little brother” China…\] - [Privacy Policy](https://corbu.co/privacy_policy) - | - [Terms & Conditions](https://corbu.co/terms) - | - [Contact Us](https://corbu.co/contact-us) © 2026 CORBU LLC