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Thread: Russian rouble suffers steepest drop in 16 years

  1. #21
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    Re: Russian rouble suffers steepest drop in 16 years

    The Russian RTS stock market shot up 17% today and the rubble strengthened against the U.S. Dollar as their central bank promised 7 steps to help calm the situation.

    http://www.zerohedge.com/news/2014-1...ck-below-62usd

  2. #22
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    Re: Russian rouble suffers steepest drop in 16 years

    The term "Russian economy" is misnomer. It is basically an oil company that subsidizes everything else. When the price of oil falls below a certain point, the whole house of petro-cards becomes unsustainable.

    Checkmate, Putin. Russia’s economy is stuck in a catch-22.


    Be polite, be professional, but have a plan to kill everybody you meet. -- Marine Corps General James 'Chaos' Mattis

    Repeal and Replace Trump.

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