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By HaleStewart January 14, 2015 8:15 am
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Ruble Falling Vs. Dollar (Again)

     For obvious reasons, the drop in oil prices has been the primary financial story over the last few weeks.  This has overshadowed the problems faced by Russia, where dropping oil prices have increased inflation, triggering a spike in interest rates.  This will inevitably lead to a recession over the next few quarters as no struggling economy can withstand 17% interest rates.  And, despite attempts to bolster the ruble's value, it continues to fall:

Hale Stewart is a former bond broker who has been writing about economics and financial markets since 2006 on the Bonddad Blog.  He is also a tax attorney with a domestic and international practice while also forming and managing captive insurance companies for US companies.   You can follow him on twitter at:@captivelawyer

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