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Non-Tech : Kirk's Market Thoughts
COHR 191.69+0.2%Dec 26 3:59 PM EST

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Gottfried
To: Jerome who wrote (2427)12/16/2014 10:25:55 AM
From: Kirk ©1 Recommendation  Read Replies (1) of 26862
 
I wonder if there is a secret agreement to keep oil production up until Russia does what is required to remove sanctions.... I'm not sure we want the collateral damage of destroying ALL the emerging, especially, BRIC less China, economies. (Low price oil has to be good for China)

From Seeking Alpha
Economy
Despite hiking interest rates to 17% from 10.5% in an emergency midnight move, Russia's central bank has still failed to halt the ruble's collapse. The currency fell more than 10% yesterday, its worst intraday drop against the dollar since the 1998 financial crisis. Erasing earlier gains, the ruble last traded at 69.48 rubles per dollar, compared to 65.50 before the announcement.
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