the Repercussions May be Serious

by Mish Shedlock, Mish Talk: Sign of Stupidity Forcing Russia to default was the subject of a Tweet thread I was involved in on Monday. Here’s a recap. My Position: Default is not a sign of strength by Russia, it’s a sign of stupidity by the West. Instead of paying bills, Russia gets to keep reserves. […]

by Mish Shedlock, Mish Talk: Biden and the G7 think forcing Russia to default was a good move. It wasn’t. Sign of Stupidity Forcing Russia to default was the subject of a Tweet thread I was involved in on Monday. Here’s a recap. My Position: Default is not a sign of strength by Russia, it’s a […]