Thus, the central bank of Russia is directly fueling the fall of the ruble by lending money to banks to prop up the ruble except the banks are using the money to drive down the ruble further.
This and more currency intervention insanity from Mish.
"A republic, if you can keep it." Defeat MAGA
"A republic, if you can keep it." Defeat MAGA
Thus, the central bank of Russia is directly fueling the fall of the ruble by lending money to banks to prop up the ruble except the banks are using the money to drive down the ruble further.
This and more currency intervention insanity from Mish.