Vlad Putin is doing it again: a new gambling law banishes Russian casinos. That means 1 bln USD less in tax revenues and the loss of 500.000 jobs. If you want to go for some gambling fun, you take a train to Kaliningrad, the Altai region, Primoriye or the Sea of Azov.
Or you start investing in Russian shares.
The ECB let rates unchanged and the non-farm payrolls were worse than expected in the US.
This one comes from Niall Furguson, author of ‘The Ascent of Money/ A financial History of the World’ commenting on the Sterling and the negative outlook for the AAA status:
"We’re not Iceland or Ireland, but we’re closer to them than we are to the U.S.,”
Or you start investing in Russian shares.
The ECB let rates unchanged and the non-farm payrolls were worse than expected in the US.
This one comes from Niall Furguson, author of ‘The Ascent of Money/ A financial History of the World’ commenting on the Sterling and the negative outlook for the AAA status:
"We’re not Iceland or Ireland, but we’re closer to them than we are to the U.S.,”
To compare Ireland with Iceland – although one letter difference – is not funny at all. Anyway: if the pound pops it will be fast and furious as the 5 year sovereign CDS jumped to 81 and the numbers are becoming worse every month
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