Saturday, December 20, 2014

John Hellevig — Paul Krugman's Notes on Russia Debt Are Upside Down

In his recent opinion piece in The New York Times – Notes on Russian Debt - Paul Krugman admitted that he had difficulties in understanding the Russian debt situation. Nevertheless, he gave it a try. But failed. Let’s see how.
Russia Insider
Paul Krugman's Notes on Russia Debt Are Upside Down
John Hellevig | managing partner of Awara Group


Matt Franko said...

I think the 17% policy rate there is bullish. ..

If they start to get domestic "inflation" there they may even go to the moron playbook and raise this rate thinking it will help quell the "inflation"... will be like trying to put out a fire with gasoline.

NeilW said...

This is precisely the reason why central bank's should take instructions directly from government.

Because the heads of central banks refuse to move on from the 1980s Volker playbook. They are dinosaurs.

It is time this run of the 'Wizard of Oz' was ended and the power returns home to people who are at the very least notionally answerable directly to the population.

Rule by bureaucrat is the same as rule by corporation.