WORLD BREAKING NEWS: RUSSIAN ECONOMY COLLAPSES ANYTIME, BANK RUN IN THE OPTING - Bloomberg News “A full-blown currency and financial-crisis scenario seems to be unfolding in Russia in what was supposed to a quiet week as we head into the holiday season,” Slava Smolyaninov, deputy head of research, wrote in an e-mailed report today. “There is a risk that the economy will come to a sudden stop, along with the banks and the overall financial system. Hence, we may have underestimated the level of financial risk in the event of a full-fledged panic. A bank run could be in the cards.”
Posted on: Thu, 18 Dec 2014 09:35:52 +0000
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