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The ruble extended the strongest gains among its emerging-market peers in the past month. The rally has further to run as the world’s biggest energy exporter benefits from buoyant oil markets. Visit: - The number 1 financial investment alert provider.

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The ruble is tumbling

The ruble is tumbling

The combination of massive bank bailouts, virtually free and unlimited credit for banks and financial institutions, and austerity for the working class has served to prop up the financial system and further enrich the ruling elite by inflating financial asset values, but has done nothing to revive the real economy. On the contrary, the fact that economic growth continues to stagnate despite vast subsidies to the banks and investment houses speaks to the fundamental and systemic character of…

The combination of massive bank bailouts, virtually free and unlimited credit for banks and financial institutions, and austerity for the working class has served to prop up the financial system and further enrich the ruling elite by inflating financial asset values, but has done nothing to revive the real economy. On the contrary, the fact that economic growth continues to stagnate despite vast subsidies to the banks and investment houses speaks to the fundamental and systemic character of…

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