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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (43894)	12/16/2008 1:35:28 AM
From: elmatador	Read Replies (1) \| Respond to of 217830

Russia Devalues Ruble a 2nd Time in a Week despite spending $161 billion defending the currency in recent months, the central bank may be forced to let the ruble fall even further against the dollar and the euro unless oil prices rebound soon. ... It is an expensive policy. The bank spent $17.9 billion defending the ruble just in the week ending Dec. 5, and had $437 billion remaining. Still, the ruble has declined 16 percent against the dollar since oil prices peaked last summer. ... About 80 percent of Russia’s exports are oil, natural gas and other commodities whose values have plummeted. Along with the drying up of Western bank loans for Russian companies, the wobbliness of the ruble has become a pivotal problem for Russia. nytimes.com Let's kick in those Sukohi fighters jets for exporting. Putin one day will get shoe thrwon at him too...