- Sep 23, 2013
- 3,660
- 667
- 190
Ruble Crash Casts Pall Over Rates as Food Prices Bring No Relief
Russia is already into a second recession this year and the Ruble continues it's tumble downward. Multiple local governments in Russia are already defaulting on their debt and the Russian standard of living has fallen dramatically in the last 2 years.
But since Putin sent warplanes to Syria against the US (ie against Obama...) the Right is in a romantic showmance with Putin and glorifying him any chance they get for destroying ISIS (which he isn't doing...) and being the "brave leader" that Obama isn't supposedly.
Russia is already into a second recession this year and the Ruble continues it's tumble downward. Multiple local governments in Russia are already defaulting on their debt and the Russian standard of living has fallen dramatically in the last 2 years.
But since Putin sent warplanes to Syria against the US (ie against Obama...) the Right is in a romantic showmance with Putin and glorifying him any chance they get for destroying ISIS (which he isn't doing...) and being the "brave leader" that Obama isn't supposedly.