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‘Nuclear Option?’ Mnuchin Bails Out Ruble – For Now
So apparently, the ruble has rebounded thanks to Steve Mnuchin.
Steve was speaking outside a congre
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US selling Russian debt seems like a moot threat because Russia’s ally China can buy it all with spare change. And as Ray Dalio published last week, US is relatively weakly positioned for a capital war.
I’ll bet that US will not sell Russian debt and China will not sell US debt. Not unless things get much worse.