re: Update pg 23: Russia,IMO, will default on its sovereign debt within six months

quote:

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The Central Bank of Russia announced today it is considering intervening into the currency market to prop up the ruble's value. That is the last governmental measure available before a currency collapses, like the ruble did in 1998.

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by actually increasing rates b/c of 'too high inflation' (around 7.5% I think)

this is pretty amazing; they're bringing it all on themselves. It's quite pathetic