And If You Are Russian And Still Have Cash

Buy Buy Buy!  The Russians are not fools.  After their currency collapsed they ran to the big box stores to buy what they could before the clerks could change the prices.  Once this process gets started the medicine is ugly.  Interest rates in the country were hiked to 17%.

Paul Volker and Jimmy Carter can testify that these kind of problems are not good for political careers.

It will be interesting to see how much the drop in oil prices affects business in the U.S.A.  Gasoline isn't like the housing bubble so far but I'm sure the folks in the oil patch will be making adjustments.

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