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SESD Sious Falls | I guess the Russian central bank bringing rates to 17% to try to prop up their currency does not mean that they are desperate. Holy cow, our economy is humming right along and rates are ultra low and our currency is strong and you guys say the sky is falling here! The sky is actually falling in Russia with their currency reaching toilet paper status, but it is all good because their exports are cheaper you say. Who are they going to export to? Mongolia? North Korea?
http://www.investopedia.com/articles/investing/012115/sanctions-oil...
Edited by DW11 2/27/2015 19:05
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The Dollar: Credit to Paul Marks
