Tuesday, October 14, 2014

It’s Déjà Vu All Over Again as the Russian Ruble Crashes

Battered by sanctions, the Russian ruble has fallen to historic lows against the U.S. dollar.
The last time the ruble slid this far was in the late 1990′s when I was still writing for an inside market publication called Russia Crisis Watch during the Russian financial crisis.
Three times a week Crisis would document the “real” condition of the Russian economy, while providing market intelligence from a network inside and outside the country.
From the impact of cross-border sovereign debt and bond defaults, to attempting to provide meaningful figures and estimates during what amounted to a currency freefall, Crisis covered it all. (more)

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