Saturday, December 13, 2008

Russia Devaluation Gathers Pace as Central Bank Loosens Control

http://www.bloomberg.com/apps/news?pid=20601087&sid=aRhI2KitimCs&refer=home

I believe Russia is the next trouble spot that is going to drag the world financial markets down with it. Remember Russia debt default 10 years ago? It is widely rumored that it might happen again...
It it were to happen, some hedge funds might blow up big again.

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