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News and information about loans, money, debt, finance and business issues.

Friday, March 14, 2014

Beware The Bear

Markets are sliding as the point of no return wrt the Crimean vote on Sunday looms.

Once that vote is taken, Russia will be subjected to targeted sanctions from the West which will prompt financial retaliation (ie reciprocal sanctions) from Moscow. To add to the mix the acting president of Ukraine, Oleksander Turchynov, has warned that Ukraine must be ready for a Russian invasion at any moment and has called up the 60,000 National Guard.

Enjoy your weekend!

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