Monday, December 22, 2014

Rouble up 50% on week!

So where are all the headlines proclaiming that fact? After all, we certainly had no shortage of headlines celebrating the rouble "collapse."

After bottoming out at 78.5 roubles/1USD a week ago, the rouble is trading in the 55 range today. A week ago a million roubles were worth $12,700.  Today that million roubles is worth over $18,000 US. Normally this would be considered a robust recovery, but our news reportage about all things Russian is not normal.

Instead, all major Western media continue to hew to the politically dictated script.

Putin bad.

Rouble in free-fall.

Russia on verge of collapse.

Colour revolution to break out imminently...

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