How The Ruble Crash Could Strengthen Putin

The ruble is crashing, but the Russian government isn’t going to any time soon. Ironically, Russia's economic distress might even make Vladimir Putin stronger. 

The reasons for the ruble’s rapid decline – it’s dropped by nearly 13 percent against the dollar in November alone, and this week has seen more of the same—are neither obscure or surprising.

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Should Investors Fear Global Tensions?

Over the past few months, geopolitical crises seem to have proliferated. First, in March, long-simmering tension between Russia and the Ukraine metastasized to a full-blown crisis after the government of Ukraine was toppled by a popular revolt. That then led to the Russian annexation of Crimea, which was followed by sanctions imposed by the Western states, armed conflict between Russian separatists and the Ukrainian government in eastern Ukraine, and even more sanctions.

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Bush’s Chickens Come Home to Roost

The Russian invasion of Georgia and the inability of the United States, NATO, the United Nations — not to mention Georgia itself — to do anything about it has cast into sharp relief one of the most disturbing consequences of recent American policy in the world. Having focused obsessively on the threat of terrorism — and not simply on terrorism, but terrorism conducted by radical Islamic fundamentalist groups such as al-Qaeda, the United States and the administration of George Bush have de facto ignored a series of other pressing global issues. It’s been said that governments and countries fight the last war; in the case of the Bush administration, we’ve fought the last war several times over, with strategic incompetence. As a result, our future security has been seriously jeopardized.

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