Tuesday, December 16, 2014

In Which Izabella Also Comments On Russia and Foreign Liabilities

We beat her to it, I think. Our post "Russian ruble's fall: A classic 'currency collapse'" and Why It's Such a Big Deal" was timestamped at 11:56 am PST while hers is 20:07 GMT. 11 minutes ahead.
Great minds and all that.

From FT Alphaville:

Russian foreign liabilities in perspective
Once upon a time there was a magical land called Ru, where the roads were paved with oil and the houses were built from kitsch gold blocks. Because its capital glistened with a red petroleum hue, it soon became known as the wonderful Crimson City of Ru.

There, all the residents rejoiced night and day safe in the knowledge their needs would forever be catered to. Why? Because the Wonderful Wizard of Ru, known by some as “Ru the great and the terrible”, would forever see to it that his kingdom would be defended from its greatest enemy: the Wicked Witch of the West.

Ru was the most wondrous place in the world.

Nevertheless, because the Wizard was keen to get rid of the Wicked Witch of the West once and for all, he went about making outlandish promises to all those who might be able to help him.

It was at this point that a scarecrow, a tin man, a lion, and even a little girl from another land took up the challenge, believing the Wizard’s claim that the Witch’s death would be in the best interests of all.

And so it was they killed the Witch! And all her quantitative winged monkeys that had blighted the land of Ru for far too long....MORE
Unfortunately pour moi she more than makes up the puny time differential with beaucoup style points.