Tuesday, February 10, 2009

Russian Ruble Hitting the Fan Tonight

The great new blog Zero Hedge is staying up late with the Bloomberg FOREX service to bring us the blow by blow in the Ruble market. Earlier this evening Bloomberg had this story concerning Russian banks rescheduling $400 billion in debt. The Russian problems are European problems and the rout in both the Euro currency and the Ruble started a little before 6:00 PM (CDT) Monday night.

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