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Thursday, February 12, 2015
12/2/15: Ruble Crisis in a Historical Perspective
A neat comparative of the extent of the recent Ruble crisis in a historical context (note: this prices Ruble devaluation at ca 58%, presumably to the USD, is for the peak crisis, while current valuations imply y/y devaluation of 47%).
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“It is not true that people stop pursuing dreams because they grow old, they grow old because they stop pursuing dreams.” Gabriel García Márquez
Nassim Nicholas Taleb was asked whether public protests in Athens is a Black Swan Event. He replied: “No. The real Black Swan Event is that people are not rioting against the banks in London and New York.”
"Getting worse more slowly is not the same as getting better", Prof. Brad DeLong