Skip to content
Thursday, May 15, 2025
Heisenberg Report

Heisenberg Report

Sign In Subscribe
  • Home
  • Markets
  • Economy
  • Politics
  • Duly Noted+
  • Weekly+
  • Monthly Letters+
  • Shop

Search Results for: Nabiullina

Yellen Sanctions Nabiullina Amid Putin’s ‘Forever’ Annexations

September 30, 2022October 8, 2022

Tensions between the West and Vladimir Putin’s Russia ratcheted higher still on Friday, when Janet

4 Comments on Yellen Sanctions Nabiullina Amid Putin’s ‘Forever’ Annexations

Nabiullina’s Miracle: Russia Cuts Rates To Pre-War Levels

June 10, 2022June 16, 2022

Elvira Nabiullina should’ve resigned when Vladimir Putin invaded Ukraine in February. As it turns out,

5 Comments on Nabiullina’s Miracle: Russia Cuts Rates To Pre-War Levels

Nabiullina Spurns Kremlin, Rules Out Ruble-Gold Peg

April 29, 2022April 30, 2022

On Friday, Elvira Nabiullina cut Russia’s key rate for the second time since an emergency

1 Comment on Nabiullina Spurns Kremlin, Rules Out Ruble-Gold Peg

Putin Demands Rubles For Gas, Refused Nabiullina Resignation

March 23, 2022April 3, 2022

If you’ve been “unfriendly” to Russia lately, you may need to pay Vladimir Putin in

5 Comments on Putin Demands Rubles For Gas, Refused Nabiullina Resignation

Just Two More Months

November 28, 2024November 29, 2024

“Don’t worry about it. You get paid in rubles, not dollars.” That was Dmitry Peskov’s

12 Comments on Just Two More Months

‘We’ll Have Both Guns And Butter’: Putin Goes All-In On Statist Push

May 13, 2024June 20, 2024

Committed statist. Incorruptible technocrat. Son of a Soviet economist. That’s Andrey Belousov. And that’s who’s

Leave a Comment on ‘We’ll Have Both Guns And Butter’: Putin Goes All-In On Statist Push

Out Of Gas

May 2, 2024May 3, 2024

One narrative, popular among contrarians of various sorts, says the Russian economy performed far better

2 Comments on Out Of Gas

The Russian Ruble Is Collapsing. Here’s What To Know

August 15, 2023August 31, 2023

With apologies to all the… I don’t know, ruble fans (?) out there, the Russian

2 Comments on The Russian Ruble Is Collapsing. Here’s What To Know

Gas Prices And Hostile Royals

October 14, 2022October 14, 2022

Bad news. More of it. Consumer inflation expectations in the key University of Michigan survey

12 Comments on Gas Prices And Hostile Royals

The OPEC Problem

October 5, 2022October 16, 2022

“Shortsighted.” That, in a word, is what the Biden White House thought of OPEC+’s move

8 Comments on The OPEC Problem

Wanted In Europe: Mild Winter, ‘Specialized Repair Company’

September 2, 2022September 8, 2022

Wanted: “A specialized repair company.” If that’s you, and you can ensure the “complete elimination

5 Comments on Wanted In Europe: Mild Winter, ‘Specialized Repair Company’

Russia Defaults. Nobody Cares

June 27, 2022June 27, 2022

Three years ago, when Donald Trump sanctioned Ayatollah Khamenei, I described the decision as “about

1 Comment on Russia Defaults. Nobody Cares

Germany Faces ‘Lehman Effect’ In Gas Standoff With Putin

June 23, 2022June 29, 2022

Germany’s energy crisis heated up on Thursday, when Economy Minister Robert Habeck raised the country’s

6 Comments on Germany Faces ‘Lehman Effect’ In Gas Standoff With Putin

Spoiled Milk And A ‘New World Order’ Reality Check

May 2, 2022May 2, 2022

One mainstream media outlet described the global mood as “sour” on Monday. I don’t particularly

2 Comments on Spoiled Milk And A ‘New World Order’ Reality Check

Poland Gas Cutoff, Tech Disaster Leave Markets Reeling

April 26, 2022April 27, 2022

It’d be difficult to imagine a more inauspicious mix of headlines than those investors confronted

4 Comments on Poland Gas Cutoff, Tech Disaster Leave Markets Reeling

Putin’s Road To Pyongyang

April 21, 2022May 5, 2022

On at least two occasions since the onset of hostilities in eastern Europe, I suggested

3 Comments on Putin’s Road To Pyongyang

Lost Lives, Lost Money. In That Order

April 18, 2022April 19, 2022

Markets felt tentative and vacant Monday, as traders eyed a sparse docket in the US,

2 Comments on Lost Lives, Lost Money. In That Order

The Imaginary Ruble And Putin’s ‘Most Formidable Weapon’

April 8, 2022April 9, 2022

I’ll confess to being genuinely incredulous at the financial media’s use of words like “resilient”

4 Comments on The Imaginary Ruble And Putin’s ‘Most Formidable Weapon’

‘Unfriendly’ Human Rights Council Suspends Putin’s Russia

April 7, 2022April 8, 2022

For the first time since 2011, the UN General Assembly voted to suspend a nation

1 Comment on ‘Unfriendly’ Human Rights Council Suspends Putin’s Russia

Russia, The Dollar And The Real Realpolitik

April 5, 2022April 19, 2022

Janet Yellen may force Russia and, in some cases, the country’s corporate sector, into default.

22 Comments on Russia, The Dollar And The Real Realpolitik

‘No Breakthrough’

March 30, 2022March 31, 2022

Peace talks in Istanbul yielded “no breakthrough,” the Kremlin said Wednesday. Lots of work remains

8 Comments on ‘No Breakthrough’

Dramatic Moves, Someone To Hang

March 29, 2022March 29, 2022

Recep Tayyip Erdogan himself presided over the latest round of peace talks between Ukraine and

5 Comments on Dramatic Moves, Someone To Hang

G-7 Answers Putin’s Rubles-For-Gas Demand: No

March 28, 2022March 29, 2022

Last week, Vladimir Putin had an idea. Like most of his ideas lately, it wasn’t

1 Comment on G-7 Answers Putin’s Rubles-For-Gas Demand: No

Putin Puts Russian Stock Market On Path To Total Obscurity

March 24, 2022March 30, 2022

Vladimir Putin managed to reopen the Russian stock market. Sort of. 33 out of 50

5 Comments on Putin Puts Russian Stock Market On Path To Total Obscurity

Putin Faces Existential Crisis As Ruble, Economy Collapse Overnight

February 28, 2022March 6, 2022

The Russian economy was plunged into an overnight crisis Monday, after the Western powers moved

35 Comments on Putin Faces Existential Crisis As Ruble, Economy Collapse Overnight

Emerging Market FX Looks Vulnerable As Commodity Plunge, Virus Worries, Idiosyncratic Risks Are Noxious Mix

February 7, 2020February 7, 2020

A helpful reminder at a delicate juncture.

1 Comment on Emerging Market FX Looks Vulnerable As Commodity Plunge, Virus Worries, Idiosyncratic Risks Are Noxious Mix

Cut It Out: Full Week Ahead Preview

June 9, 2019November 9, 2021

“Risk-positive”?

oilLeave a Comment on Cut It Out: Full Week Ahead Preview

Posts pagination

1 2 Next

Monthly Letter+

  • Dope

Weekly+

  • An Uninformed Decision

Recent Comments

  • Yang Zhang on Royals Bearing Gifts
  • RLE on Not Out Of The Woods
  • T-Dog on Not Out Of The Woods
  • Bill W. on Royals Bearing Gifts

Monthly Letters

Dope

May 3, 2025May 9, 2025

The Great Depression

March 31, 2025March 31, 2025

The Devil’s Greatest Trick

March 1, 2025March 12, 2025

Questions, tips or inquiries of any kind: [email protected]

Privacy Policy & Cookies

About Us

Subscription FAQs

All Rights Reserved 2025.
 

Loading Comments...
 

You must be logged in to post a comment.