QUOTE(teehk_tee @ Dec 16 2014, 10:33 PM)
i think they're reluctant because they know its a pain game.. with household debt and all.
probably will have to rely on monetary automatic stabilizers like trade balance imo
You are correct, raising rate is like the last bazooka here.probably will have to rely on monetary automatic stabilizers like trade balance imo
Russia first attempted to sell USD (their reserves) to stabilize the rubles.
Then, they know they are not wining, then let their Rubles float.
Now, couple of rounds of bazooka shots by raising interest rate. Still people are dumping Rubles.
Insane... imagine if we have more than 10% interest rate in Malaysia.
This feels like the early 80s again. Just park money in FD.
Dec 16 2014, 10:50 PM

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