Mar
06

Putrid Putin

With the Russian stock market skidding 11% and the Ruble falling 1.3%, Russia’s central bank was forced to boost interest rates by 1.5% to stem the Ruble slide. But higher rates will reduce an already slowing Russian economy and a weaker Ruble will boost inflation. This may be why Putin has stopped the Russian military advance in Ukraine. Expediting plans to export US energy to Europe will also help.

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