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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (89214)	10/26/2008 9:25:01 PM
From: arun gera	2 Recommendations Respond to of 116555

>The ruble is at a two-year low, the Russian stock market is down 70% from its highs, and the price of energy is plunging. The bill for the Kremlin's economic cronyism and disdain for the rule of law is coming due.> Haim, I thought that was happening because of end of dollar and`yen, carry trade. Iceland, Ukraine and Hungary also have seen the same outflows. And that did not happen because of the despotism or cronyism in those countries. -Arun