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  • Capital controls feared as Russian rouble collapses

    From telegraph.co.uk

    The Russian rouble has suffered its steepest one-day drop since the default crisis in 1998 as capital flight accelerates, raising the risk of emergency exchange controls and tightening the noose on Russian companies and bodies with more than $680bn (£432bn) of external debt. The currency has been in freefall since Saudi Arabia and the Gulf states vetoed calls by weaker Opec members for a cut in crude oil output, a move viewed by the Kremlin as a strategic attack on Russia. A fresh plunge in Brent prices to a five-year low of $67.50 a barrel on Monday caused the dam to break, triggering a 9pc slide in the rouble in a ... (full story)

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  • Dec 1, 2014 10:55pm Dec 1, 2014 10:55pm
  •  Schminner
  • | Joined Jun 2007 | Status: Member | 180 Comments
I hope oil drops to $10 a barrel. Russia will surely implode and the Saudi's will suffer. This just goes to show that $USD will always have a God-like status.
 
 
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  • Dec 2, 2014 12:25am Dec 2, 2014 12:25am
  •  TheTopBloke
  • | Joined Sep 2007 | Status: Forex God | 1035 Comments
Quoting Schminner
Disliked
I hope oil drops to $10 a barrel. Russia will surely implode and the Saudi's will suffer. This just goes to show that $USD will always have a God-like status.
Ignored
Uh... yeah... ok.

Is that the plan? really? Produce more 'murican oil and sink it's sell price, for 'murica?

I don't think so. Buying into a xenophobic and idiotic mindset there.
 
 
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  • Posted: Dec 1, 2014 10:06pm
  • Submitted by:
     Newsstand
    Category: Fundamental Analysis
    Comments: 2  /  Views: 1,516
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