Tuesday Nov 2 2014
Russia is now about the same size economy wise as Spain. Considering one in four Spainards are unemployed that is hardly good news.\
The article includes a good table on world economies.
Between
the sanctions from invading the Ukraine
the 30% drop in the price of oil
the drop in the Ruble as a result of both
Putin's bet on oil for 50% of the Russian Economy
will Putin survive all this?
The importance of currencies is reflected in the inclusion of currency hedges in comprehensive other income in a firm's financial statements.
Professor Elam 
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