To: Dr. Frank
Yes, RUR = Rubles. And he's saying that the official rate is about 3 times the real rate. So they seem to be artificially undervaluing their currency like the Chinese.
To: Lessismore
this is bad news for US inflation.
with our loose money, big deficits, and sinking dollar value, it sure looks like we are heading towards inflation. gulp.
Greenia and Co. are asleep at the wheel.
4 posted on
12/10/2003 7:10:18 PM PST by
WOSG
(The only thing that will defeat us is defeatism itself)
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