Russia’s economic prospects were looking up when the price of oil was in continuous ascent. But it’s stock exchange has lost enormous amounts in the last year or so. Which suggests a new strategy: instead of MAD (mutually assured destruction), the old Cold War stalemate, we should try MESS (mutual economic strategic starvation). We have more food than they do. Let’s destroy their economy by merely crippling ours. Maybe that’s the reason for the inexplicable congressional inertia for the last few years regarding Fannie and Freddie. It’s all part of the conspiracy to beggar Russia.
Russian stock indexes sank Tuesday despite the federal market regulator ordering a two-hour trading halt in anticipation of massive fallout from the rejection of a bank bailout in the U.S. Congress.
It sort of gives a new meaning to starving your enemy into submission.
