Tuesday, December 16, 2014

16/12/2014: Next Stop... for Parabolic Ruble...


Ruble down below USD70 and EUR87.40, with 109.20 against Sterling. The CBR move last night (http://trueeconomics.blogspot.ie/2014/12/15122014-dont-blink-or-russian-data.html) is nothing more than a blip on the FX trading screen and a massive hit on the economy.


credit @TheStalwart

There is an emergency meeting scheduled by Medvedev and the next stop is either capital controls or EUR100 marker... or maybe both. The point is that no one is in control anymore, not because they are not trying, but because they are unable...so... smile, as you prepare to ride the RUB/USD chart...


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