Saturday 11 June 2022

Speculation

I wonder whether anyone has speculated on the Russian Rouble, buying it when it crashed and waiting for the war to end so as to make a bundle.


In the words of Warren Buffet; "Be fearful when others are greedy and greedy when others are fearful." The professionals are fearful and advising against buying the Rouble.

The sanctions certainly won't last forever and it's debatable whether they're even having any effect. A study of over 170 cases where sanctions have been used in the past has shown they're effective only in 34% of cases.


With winter approaching and gas imports peaking, there will be pressure on both sides in the conflict to to start peace negotiations.


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