RUSSIA!, RUSSIA!, RUSSIA! ?
I don’t own any rubles.
I’m not short US bonds-
but if I thought Russia was winning or the dollar was about to be vaporized thanks to the obscene debt-
I’d own rubles and I’d short US bonds.
(both trades are easily accessed by anyone)
Plenty of folks seem to believe both things are forgone conclusions-yet not with enough conviction to do anything about it.
Sorry for the confusion.