January 20, 2016
SURE, EVERY ACTION PUTIN TAKES BACKFIRES...:
Ruble Tumbles to Record as Oil Slump Hinders Russia's Recovery (Ksenia Galouchko, January 20, 2016, Bloomberg)
The currency weakened as much as 3.2 percent to 81.0700 against the dollar, surpassing the previous record it touched when Russia's financial-market turmoil peaked in December 2014. Unlike then, when the central bank stepped in to shore up the ruble amid a crisis in confidence in the country due to sanctions over Ukraine, now Governor Elvira Nabiullina says the ruble is trading at a fair value and doesn't need support.
..but he's so decisive when he bumbles!
Posted by Orrin Judd at January 20, 2016 10:55 AM