Video Transcript
Reva Bhalla: Hello, my name is Reva Bhalla. And today I’m joined by George Friedman to discuss what appears to be a growing crisis for Russia. So George, we woke up to news of a ruble free fall today after a major interest rate hike. How should we be reading this situation?
George Friedman: Well, the financials reflect the underlying economy. There are three things affecting it. One is a cyclical downturn; there’s a lot of inefficiencies in the Russian economy, it was moving to a recession. Second, the sanctions. The sanctions have put a real crimp in their ability …read more
Source: The Epoch Times
