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Wednesday, December 17, 2014

Cheap Oil Threatens Russian Collapse. Sanctions Mean Nowhere To Turn

Russian Leader Can No Longer Afford Clothing
(Still has chains.)
Must hunt food with rusting Communist era gun.

Obama won.

Canadian Letter To The Editor: "You Americans Have No Idea How Good Obama Is"
http://paxonbothhouses.blogspot.com/2014/11/canadian-letter-to-editor-you-americans.html


Meanwhile, cheap oil threatens Russia's economy with collapse. Most countries in Russia's situation would have to ask the International Monetary Fund for a loan, but sanctions mean Moscow has nowhere to turn. Matt O'Brien in The Washington Post.

McARDLE: Russia's problems are everyone's problems. Growth in the United States is strong, but Russia's collapse would mean a truly global financial crisis that we couldn't escape. Bloomberg.



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