Putrid Putin
03/06/2014 | | Economic forecasting, Eisenberg and housing economics, Eisenberg and public speaking, Elliot eisenberg, Graphsandlaughs, MLS, Multiple listing service, Public speaking economist, Putrid Putin, Vladimir Putin, econ70, economist on TV, economist on radio, eisenberg and economics, funniest economist, funny housing economist, graphsandlaughs and eisenberg, housing sales, mortgage banking, politics and economics
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.