Mish: China is the big winner in global sanction policy. Just as Buy-dem Planned?
Posted by freedomforall 2 years ago to Economics
Excerpt:
"The Ruble Regains 100% of Its Loss After Russia Invaded Ukraine, Why?
Conventional wisdom on why the ruble has rallied is simply wrong. Let's discuss the theories and what is really happening.
Key Points
When Russia invaded Ukraine on February 24, it took 84 rubles to buy 1 US dollar.
On March 7, it took 131.2 rubles to buy 1 US dollar.
That's a 36% decline in the rubble vs the US dollar.
The ruble is now back where it started on February 24."
"The Ruble Regains 100% of Its Loss After Russia Invaded Ukraine, Why?
Conventional wisdom on why the ruble has rallied is simply wrong. Let's discuss the theories and what is really happening.
Key Points
When Russia invaded Ukraine on February 24, it took 84 rubles to buy 1 US dollar.
On March 7, it took 131.2 rubles to buy 1 US dollar.
That's a 36% decline in the rubble vs the US dollar.
The ruble is now back where it started on February 24."
