Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

With Russian interest rates raised from 9.5 to 20% to protect the rouble

By: Cactus Flower in ALEA | Recommend this post (0)
Tue, 01 Mar 22 10:58 AM | 13 view(s)
Boardmark this board | The Trust Matrix 		Msg. 44811 of 54959
Jump:
Jump to board:
Jump to msg. #

Russian mortgage holders are going to be in deep distress.

So the next thing that happens in the property market will be mass foreclosures. And the knock-on effect will be damage of a new sort to Russian banks.

It's going to get very ugly. Hopefully it happens fast and Putin is removed from office with despatch.

Maybe there's a better Russia in there if Putin goes.

» You can also:
« ALEA Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next