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To: FredZarguna

In fact a volatility of the ruble is mostly speculative right now.
Oil was lower in 2008 but it hasn’t effected exchange rate as much.
There are added negative factors this time but these aren’t so overwhelming.


31 posted on 12/15/2014 11:27:45 PM PST by wetphoenix
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To: wetphoenix

Hahaha, the old “speculators are destroying the value of our money” routine. Every dictator tries that one. It’s a lot of hooey. The ruble is tanking because it was psychologically inflated on the expectation of growth, which isn’t going to happen, so there’s a flight to safer currencies and forms of cash.


39 posted on 12/15/2014 11:34:06 PM PST by FredZarguna (I'm gonna take this counter top, and I'm gonna whop you on that side of your face with it.)
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