Tag Archives: Russia


Will Russia Become the First Country to Launch a National Cryptocurrency?

by David Drake Following President Vladimir Putin’s order earlier last week, Russia is on its way to creating its own national cryptocurrency dubbed cryptorouble. According to the Russian leader’s economic advisor, the government plans to use cryptorouble to avoid international sanctions, particularly from western nations. “Russia has long had aspirations to stop being reliant on Western currencies – especially the […]

Sept. Housing Data, PPI, Russia and China Talk of Replacing the US$ on energy Trade, UK Real Estate Heats Up

More economic numbers out this morning that suggest a continuation of the status quo. The Fed can point to the PPI numbers and pretend there is no inflation… September Core PPI Y/Y +1.8% vs +2.0% consensus, prior +2.3% September PPI Y/Y -4.8% vs -4.3% consensus …So rates can remain low to help the listless housing market… September Housing Starts 590K […]

Emerging Markets Show True Colors During Global Slowdown

Emerging markets have seen explosive growth over the past decade, but with the recent contraction in the global economy, investors have a chance to look at real growth in individual markets. There is no doubt in my mind that the boom over the past couple of years in some countries were due to insatiable investors overbuying in whatever country the […]

Japan Shifting Away From the US Dollar, Option Adjust-rate Mortgages Delinquencies, Russia Threatens to Seize ArcelorMittal’s Mines

RCM Comment: I am loath to bore you with the same story over and over but the story’s far reaching ramifications demand that we cover this story like the wet blanket it represents. You see, there is a fire raging in the U.S.. Our government is burning paper (US$s) at an alarming clip as it spends aggressively to avoid the […]