On the Christmas Eve Standard & Poor’s (S&P) international credit ratings agency revised Russia’s sovereign credit ratings to credit watch negative from negative. It said it could downgrade Russia to the non-investment-grade (speculative-grade bond, or junk bond) as soon as mid-January. Is this assessment based on indicators reflecting the real state of Russian economy? Or is it another politically […]
Tag: Run on the ruble
Russia, China mock divide and rule
ROME and BEIJING – The Roman Empire did it. The British Empire copied it in style. The Empire of Chaos has always done it. They all do it. Divide et impera. Divide and rule – or divide and conquer. It’s nasty, brutish and effective. Not forever though, like diamonds, because empires do […]
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