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> so the calculus for russia is losing on all fronts Look at EURRUB at 7 years high... with forecast of going much higher.. Rouble is best performing currency
by chewz 4y ago
> so the calculus for russia is losing on all fronts
Look at EURRUB at 7 years high... with forecast of going much higher.. Rouble is best performing currency (after short drop) this year (YTD)...
Looks like Russia is wining the war big time...
[] Ruble Hits 5-Year High as Gas Buyers Bend to Putin’s Will - https://www.bloomberg.com/news/articles/2022-05-20/ruble-surges-to-7-year-high-as-gazprom-clients-heed-putin-on-gas https://www.bloomberg.com/news/articles/2022-05-20/ruble-sur...
- mejutoco 4y agoWithout entering on who is winning and things like that. With the capital controls in place today idk how much the price of the ruble means.
- chewz 4y agoYou can google "Credit Suisse strategist Zoltan Pozsar - Bretton Woods 3"... His thesis is that we are going from dollar based monetary order to commodities based order. Not everyone agrees with Pozsar (I don't) but this is making waves. Russia forcing Europe to pay for gas in roubles is significant step, no matter the outcome on the battlefields... And financial markets reflect that fact through EURRUB and USDRUB...
- lettergram 4y agoExactly, the war itself is much broader than Ukraine. It’s naive to consider this conflict a regional war.