 |
| Media Image |
Far from me to cite Roger Waters or whoever came up with the by - line here : Russia is angry about finances, its leaders are angry at these things including at their oil prices and how that affects national policy in Eastern Euroe, and Tom Petrie has gone on the air telling everyone the petrol - behemoth Saudis have different aims than just minting cash with what they produce in announcing policy changes themselves today that don't really work out for Moscow right now but for others; somehow this has to affect the Russians who even under communism just did / do things for moneys as much as possible, almost strictly under the circumstances. Their getting into a currency value peeing contest with other currencies that compete for value in every way, not to mention newer and newer ways every day, and on the part of the Russian leadership who's really upset, again, about oil prices, again, and that their "monopolistic" policies however well - oiled domestically that are not marching on in the overall oil markets gives cause to their seemingly angrier and angrier moods. What to do? The Russian leadership undoubtedly has a solution to this and this included in their open market actions during the last week, though this prolongs the peeing contest and constitutes an appeal to all for mercy on the ruble that might not appeal itself to much more than former soviet satellites and political clients for the time being. You have to love the drama of this. What is the market bid price of a ruble today, by the way?
No comments:
Post a Comment