Disclaimer. After nearly 40 years managing money for some of the largest life offices and investment managers in the world, I think I have something to offer. These days I'm retired, and I can't by law give you advice. While I do make mistakes, I try hard to do my analysis thoroughly, and to make sure my data are correct (old habits die hard!) Also, don't ask me why I called it "Volewica". It's too late, now.

BTW, clicking on most charts will produce the original-sized, i.e., bigger version.

Wednesday, March 5, 2014

Russia in the doldrums

Putin's intervention in Ukraine is as much about domestic dynamics as foreign policy. The Russian economy is sliding into recession. After the Sochi spike, eco activity will slow.  So we'll play 'let's distract hoi polloi from the real issues'.

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