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re: Update pg 23: Russia,IMO, will default on its sovereign debt within six months
Posted on 9/29/14 at 1:40 pm to LSURussian
Posted on 9/29/14 at 1:40 pm to LSURussian
quote:
Overnight almost every Russian bank became technically capital insolvent. They were holding Russian government bonds, as much as 70% of their earning assets, and overnight those bonds dropped to nearly being worthless.
would this spell the end of putin?
1
Posted on 9/29/14 at 1:49 pm to Hawkeye95
I doubt it. He would just blame the US and the West for it and he'd be partially correct.
Russians love to hate foreigners.
Russians love to hate foreigners.
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