Pakistan Taliban

Extremely Volatile Markets

December 16, 2014

A  650-basis point hike in the Central Bank of Russia’s one-week auction rate to 17% stemmed the ruble’s plunge only momentarily, and the currency posted its greatest daily drop since the 1998 default.  Earlier today, it approached 80 per dollar, having only traversed the 40 level in October.  There is talk that capital controls or […] More