Wednesday, November 12, 2008

The Debts of the Lenders: Russian Default Risk Rises Exponentially

I think an oil supply shock, in a critical and volatile region, would be of great help to Moscow and other exporters.

"To say Russia has quickly been humbled would be an understatement.
After a brief period of complete shock, expect a sudden outburst of
absolute rage from the Russian people and Russian politicians as they
squarely lay the blame for their instant fall from grace on 'the
West'. Unfortunately Russia's regional neighours are likely to bear
the brunt of that blind rage."


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