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The Russian bond market has now quietly collapsed to a level not seen since the IMF and World Bank had to step in to prevent countrywide starvation.
@Lulz4l1f3 So...who is holding Russian bonds? Oligarchs and Friends of Putin? China? If Russia doesn't pay interest on the debt and defaults, who is the Russian FDIC to bail them out?
@ACG2 I guess mostly retirees and whoever needs to do big transactions in rubles?
@Lulz4l1f3
Gee, that's too bad.
/s