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The East is Black
Russian oil, Russian black ink
, carry trade
, Swiss Francs
, The Fed
The Keiser Report
A long ramble from the master and mistress of financial rambling.
Focus: Russia and Eastern Europe.
Russia appears to be doing nicely.
In contrast, Eastern European consumers closer to western banks (ex. Hungary and Poland) who took out mortgages denominated in Swiss Francs are getting skinned.
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