Rubbish eventually went down to 54.0064 against the USD today.
@burgherreview I know you live in Russia. Please share your insight. Why riots in February and not before or after?
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@andersostlund Dec - New Year rush, Jan 1-11 - holidays, heavy drinking and fun. Then salary delays and cash shortages in late Jan. -
@burgherreview I see. But why already Feb and not later?
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@andersostlund as I see it, critical % of households in some communities will have burned through their savings by late Jan. -
@burgherreview Are you saying pensions and salaries are already not being paid?
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@andersostlund as far as I know, salaries are being delayed already. Not widely, but with tight credit this may spread fast. -
@burgherreview Interesting. Any particular industries, areas where salaries are delayed?
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@andersostlund expect Pikalevo-style protests with road-blocking in some depressed regions. -
@burgherreview Thanks for your insight. Please keep me posted.
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