Saturday, November 1, 2014

1/11/2014: Expresso on Russian Ruble


My comment from earlier this week on Russian Ruble fate for Portugal's Expresso:
http://expresso.sapo.pt/rublo-afunda-se-face-ao-euro=f895605

In basic terms - there is too much ignoring of the underlying structural weaknesses in the Russian economy (in my view accounting for roughly 1/2 of Ruble devaluation) and too much focus on the shorter-term effects of the geopolitical crisis in Ukraine.

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