September 16, 2016

HARD RIDDEN BY THE UNICORN RIDER:

Russia is seriously running out of cash (Ivana Kottasova, September 16, 2016, CNNN Money)

After almost two years in recession, the country's rainy day fund has shrunk to just $32.2 billion this month, according to the Russian Finance Ministry. It was $91.7 billion in September 2014, just before oil prices started to collapse.

And it's getting worse. Analysts expect the fund will shrink to just $15 billion by the end of this year and dry up completely soon after that.

Posted by at September 16, 2016 3:03 PM

  

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