I love January. While most of my colleagues sit around the office complaining about the weather and the extra pounds they’ve put on over the holidays, I sit at my desk staring at the computer screen with a big grin on my face. What’s not to love? In addition to the underlying feelings of rebirth [Read more...]
The economic data from Russia continues to get worse, confirming my view that the country is headed straight for a recession in 2009. The latest comes from state-owned bank VTB, which released its Purchasing Manager’s Index-based GDP indicator on January 7. The reading implied that the Russian economy is already contracting, having collapsed to its [Read more...]
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