Monday, January 25, 2010

Russia's Double-Dip Crisis Immunity

Chinese bubble threatens Russian resurgence

Russia - thanks to its reserves and stabilisation fund - is likely to be immune from many symptoms of a double-dip crisis, but if demand does fall, Russia could be hit hard by collapsing commodity prices.

That's just one of those things I have to read multiple times to fully grasp the economic subtleties.

Each round is followed by a thwack and a forehead bruise though. Picture my head meeting my desk.

Anyone want to predict the odds of a double-dip crisis that also has stable demand? I'm tempted to guess 0%.

One of these things is not like the other things. One of these things just doesn't belong.
  1. likely to be immune
  2. double-dip crisis
  3. if demand does fall
  4. hit hard
  5. collapsing commodity prices

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