Russia’s Crisis Spreads Right Across The Domestic Credit Market

Russia’s Crisis Spreads Right Across The Domestic Credit Market Edward Hugh Writes: by Edward Hugh: BarcelonaWell the action in Russia this week has moved on slightly, and the damage has started to spread from pressure on the domestic stock market (accompanied by capital flight) to the real economy - via a very rapid tightening in credit conditions for Russian domestic users. We are also seeing a rapid slowdown in Russian manufacturing industry as internal demand slows while the inflation-driv

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