What worries you today? Nothing new – India and Russia

The fundamentals of the Russian economy now closely resemble those of 1989 when the USSR collapsed. The Ruble is seemingly now in freefall after losing 11% yesterday even though Russia increased interest rates to 17% – a clear sign that the central bank is running out of ammunition. The hyper-inflation is now making it virtually impossible for companies to sell products in the domestic market as prices need to change by the day. We are all aware of the contributing factors that are killing the Russian economy and so it is for us here to stick to the potential effect