Author Topic: RUssian Ruble Goes South; Where is Anti- Hubris?  (Read 3873 times)

Offline Omollo

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RUssian Ruble Goes South; Where is Anti- Hubris?
« on: November 07, 2014, 02:33:11 PM »
They taunted us that Sanctions cannot hurt Russia. My question is simple: Why is the ruble now the "Worst Currency" on earth today? Where is Anti-Hubris to explain this?

I am waiting.

Quote

Forbes:
http://www.forbes.com/sites/kenrapoza/2014/11/06/wheels-finally-fall-off-russian-ruble/

The Wall Street Journal:
http://online.wsj.com/articles/ruble-slide-continues-1415278792

Moscow Times:
http://www.themoscowtimes.com/business/article/russian-ruble-opens-more-than-2-lower-versus-dollar-and-euro/510779.html
... [the ICC case] will be tried in Europe, where due procedure and expertise prevail.; ... Second-guessing Ocampo and fantasizing ..has obviously become a national pastime.- NattyDread

Offline Mr Mansfield.

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Re: RUssian Ruble Goes South; Where is Anti- Hubris?
« Reply #1 on: November 07, 2014, 04:12:00 PM »
Oil down 25% this year,ruble down 25% this year,Inflation has gone up and will worsen,Its revolution time,

Without Prejudice.


Online RV Pundit

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Re: RUssian Ruble Goes South; Where is Anti- Hubris?
« Reply #2 on: November 08, 2014, 10:10:05 AM »
There is little to suggest sanctions are responsible. This is more linked to depressed oil prices...thanks to Saudis flooding the market..to discourage shale production in the US.

Offline Logan

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Re: RUssian Ruble Goes South; Where is Anti- Hubris?
« Reply #3 on: November 08, 2014, 07:11:38 PM »
The rouble is a casualty of falling oil prices, which have plunged more than 25 per cent since mid-June,http://www.ft.com/cms/s/0/6c059328-666d-11e4-9c0c-00144feabdc0.html#axzz3IUgCZmg7
And Life Goes On..