Russia Defaults. Nobody Cares

Russia Defaults. Nobody Cares

Three years ago, when Donald Trump sanctioned Ayatollah Khamenei, I described the decision as "about like sanctioning the Easter Bunny." It sounded impressive, but it was purely symbolic. An escalation that wasn't an escalation by virtue of being almost totally meaningless. That's the paradox of pariah regimes and attempts to isolate them, both politically and economically. The law of diminishing returns kicks in pretty quickly once economic actors and markets absorb the initial shock. Plainly,
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One thought on “Russia Defaults. Nobody Cares

  1. As for me , I’ll wait for the final result on this one as it teeter -totters on both subjective and extremely ideological as does Geopolitics in general.

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