by Summary:
After listening to their wormtongue advisors back in March, the West imposed financial sanctions on Russia. They promised that the “Rouble would turn to rubble”. However for anybody with an ounce of understanding of how floating rate sovereign currencies work, it was always going to have the opposite effect. I said this back in February….Nails it, as usual.New WaylandThe Madness of ClownsNeilWhttps://new-wayland.com/blog/madness-of-clowns/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
After listening to their wormtongue advisors back in March, the West imposed financial sanctions on Russia. They promised that the “Rouble would turn to rubble”. However for anybody with an ounce of understanding of how floating rate sovereign currencies work, it was always going to have the opposite effect. I said this back in February….Nails it, as usual.New WaylandThe Madness of ClownsNeilWhttps://new-wayland.com/blog/madness-of-clowns/
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Jodi Beggs writes Economists Do It With Models 1970-01-01 00:00:00
Mike Norman writes 24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow
Lars Pålsson Syll writes Daniel Waldenströms rappakalja om ojämlikheten
Merijn T. Knibbe writes ´Fryslan boppe´. An in-depth inspirational analysis of work rewarded with the 2024 Riksbank prize in economic sciences.
After listening to their wormtongue advisors back in March, the West imposed financial sanctions on Russia. They promised that the “Rouble would turn to rubble”. However for anybody with an ounce of understanding of how floating rate sovereign currencies work, it was always going to have the opposite effect. I said this back in February….
Nails it, as usual.
The Madness of Clowns
NeilW
https://new-wayland.com/blog/madness-of-clowns/