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

quote:

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The ruble's fall will hit hard the earnings of multinationals doing business in Russia. As an example of the losses that multinational corporations could face in Russia, Apple halted all online sales in Russia on Tuesday. The company attempted to keep pace with the ruble's fall, increasing prices by 25 percent in November, but gave up the effort this week as the ruble's fall continued to erode the value of Apple's sales.

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Rubble devaluation, possible Yen devaluation, and a slide in the Euro could spell bad times for major US mulitnationals.....