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Non-Tech : Kirk's Market Thoughts

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Dec 26 9:30 AM EST

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To: Kirk © who wrote (2425)	12/15/2014 6:26:07 PM
From: Jerome	Read Replies (1) of 26866

Russian problems......I suspect some thread viewers here give a silent cheer when they read about the Russian financial problems. But the problem is getting out of hand. The main Russian bank raised interest rates to 17 percent today in an attempt to stabilize the Ruble. The ruble is now at 64 to the dollar. It has depreciated more than 40% in the past three months. Keep in mind that when a big ship sinks (Russia), it often takes the nearby lifeboats with it. The suction created by the sinking ship is the culprit. The sinking Russian economy is like a sea anchor on our stock market. It may not make a lot of sense but that is how its being played out. While everyone is watching the oil slick, the vacuum created by the failing Russian economy will drag a lot of markets down. Remember when Greece was having all those financial problems.(about defaulting on debt).....European markets and ours also took a big hit. JMO.....

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