Yes, last week for example here[0]. >I guess Russia is going to default on its debt >Yeah, I don’t know, I mean. If Russia doesn’t pay interest tomorrow, or p

Yes, last week for example here[0]. >I guess Russia is going to default on its debt >Yeah, I don’t know, I mean. If Russia doesn’t pay interest tomorrow, or pays it in rubles, will that “shut the country out of most funding markets”? >So the likely outcome is that Russia will not pay interest on those bonds, or will pay it in rubles. And then those bonds will be in default. And Russia will say “we’re not really in default; our default was caused by the mechanics of the international financial system, not by our unwillingness or inability to pay.” and so on. Except Russia paid their debts the next day and didn't default. Apparently he has actually later mentioned that they paid but mostly just as something that's confusing him why so part of my criticism was unwarranted. 0. https://www.bloomberg.com/opinion/articles/2022-03-15/amc-bought-a-gold-mine https://www.bloomberg.com/opinion/articles/2022-03-15/amc-bo...