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

quote:

---

Swiss charging fro Swiss Francs......

NEGATIVE interest = -0.25%

Negative Interest for Swiss Francs

---

Sweden tried that a few years ago with their krona and it didn't have the results they wanted. It sort of backfired on them from unintended consequences.

Regarding your first post about a stronger dollar causing bad times for U.S. multinationals, that is the common belief. However it would take a real dollar surge, as in double-digit percentage increases in the dollar, before it would be noticeable.

And the Russian ruble could drop to zero and probably only McDonalds, Apple and Coco-Cola would see even a slight impact. Along those lines, Apple just announced yesterday (or the day before) a 25% price increase in their products sold in Russia.

And Putin's biggest ally, Belarus President Lukashenko, announced today his country would no long accept Russian rubles for their exports to Russia. Euros and U.S. dollars only, please...