Sorry, I didn't make your day yet!
[QUOTE=Rocky2;444322]I thought that you left.[/QUOTE]It's in the contemplation stage. Nowhere did I say I was leaving. Typical of the attack dogs, that at first sniff, they go crazy.
You have your rabies shot yet?
No need to reply. This post is for the board.
The RUB is the best performing currency of the year. It's up 19% against the dollar. Forex traders who were long the RUB made quite a few pips betting against the trolls. Might want to reschedule that summer vacation.
Any one who actually understands politics and markets and real analysis want to take a stab at it? Nobody with Putin derangement syndrome will do. See attached pic below.
Anyway. I have much new found respect for Nabiullina. She stabilised the RUB while sanctions were being piled on and didn't resort to selling forex reserves, didn't lower the interest rate. On the contrary she raised them. And she also didn't resort to QE. She bled the speculators dry. Quite brilliant to say the least.
Just an update. More to come.
[QUOTE=Chezz;443689]Sure, I'll take a stab at it: continued devaluation vs both the dollar and the Euro through the end of the year.
Trust me when I tell you, not one EU commissioner lost a second of sleep.
Trust me.
Can't wait for my summer trip, when the Ruble should right around 80 to the Dollar.
.[/QUOTE]