Oil's Crashing And Russia's Imploding, So It's Time To Start Asking What Will Happen Next ... -- Henry Blodget, Business Insider
The price of oil has fallen by half since this summer. The Russian ruble has collapsed. A bored, belligerent, and megalomaniacal dictator with a massive military is on the march ...
So, what will happen next?
Eurasia Group's Ian Bremmer says Vladimir Putin's response to this escalating crisis is likely to be "geopolitical," which doesn't sound comforting.
So what's in store for global markets and economies?
Read more ....
More News On Russia's Economy
Russian Rate Jump Fails to Stop Ruble Crash -- Bloomberg
Russian Ruble Sinks Sharply Despite Bank Rate Hike -- AP
Russia’s major interest rate hike fails to halt ruble’s plummet -- Washington Post
Russian rouble in free-fall despite shock 17% rate rise -- BBC
Russian traders see shades of 1998 as rate hike fails to rescue rouble -- Reuters
Russian ruble falls to historic lows, while pressure increases on Putin -- FOX News/AP
Russia's Steep Rate Increase Fails to Stem Ruble's Dive -- NYT
Capital Controls Specter Looms as Rates Fail to Buoy Ruble -- Bloomberg Businessweek
My Comment: Putin will be making a "state of the union address" to the Russian people in the next two days. And while Putin still enjoys popular support in Russia .... I expect no one is going to be happy when he is finished with his remarks.
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