Quote: (11-17-2014 09:41 AM)MichaelCorleone Wrote:
Great Bloomberg article on the price of oil and who benefits the most and who is hurt the most.
http://www.bloomberg.com/news/2014-11-16...power.html
It appears Vlad is going on the record, saying, in essence....I am not backing down in Ukraine and pretty much saying the partition of Eastern Ukraine is permanent (when he says he won't allow the rebels to be defeated)....so the sanctions will remain in place indefinitely....which means Ruble and Russian economy bye bye....
http://www.bloomberg.com/news/2014-11-17...ebels.html
It is too bad and I feel very sad for the Russian people that they are going to go through so much economic pain because of this geopolitical stuff.
Same I have a lot of respect for the Russian people, very poorly misrepresented in the media. Most of them I met are genuinely solid.
Doesn't Russia have the largest reserves of back up U.S dollars. There was talk about this before the crisis started. On top of this the monopoly they hold over oil and gas for Europe.
On top of this, things were starting to improve in Russia.