NP - Krugman: Petrothoughts (Via Kevin Drom)

[alice malice]

And if you haven't noticed, there is only one Empire in the world and
its economy is chugging down the track with a full head of shale oil
steam.

On Thu, Dec 18, 2014 at 6:23 AM, alice malice <alicewmalice at gmail.com> wrote:
> Why not? Putin can go quietly. That looks like the plan. The Putin
> plan failed. His popularity is down, he's not going to invade another
> state, the Ukraine solution is on the table and more sanctions are
> coming. The price of oil should find equilibrium next year, somewhere
> between 50-75 on Brent. Russia is selling off its dollar reserves to
> put a floor under the USD/Rub @ 63, no capital controls yet, but the
> Russian markets have priced everything short of CC in, so the high
> yield bond market bubble and oil pop....and we can expect Russia to be
> downgraded to junk next year. A slow and quiet deflation, a deep and
> protracted recession, and Mr. Putin's ego and his plan will quietly
> blow away as Russia cuts deals with the West. China won't help and
> even Cuba and the Pope are shaking hands with Obama. Bye-bye Putin. On
> to Syria.
>
>
>
> On Wed, Dec 17, 2014 at 2:47 PM, rich <richard.romeo at gmail.com> wrote:
>> no matter what one believes, an unstable Russia is not good for anybody. and
>> Putin and his fold will not go quietly
-
Pynchon-l / http://www.waste.org/mail/?list=pynchon-l