What do you do when the ruble is in free fall, and your panicky population is buying up consumer goods and foreign currency? If you are President Vladimir Putin, you get a facial, a manicure, a make-up artist and make a jingoistic video ahead of your Thursday press conference:
The ruble has sold off like gangbusters and it is now down 45% since the end of September. Russia hiked interest rates to 17%, and foreign banks asked for higher rates as the currency continued to plummet. There is talk of a Russian debt default. But Russia may recover from this …read more
Source: The Huffington Post
