Rubbish eventually went down to 54.0064 against the USD today.
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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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@andersostlund consumer debt delinquency reached 7,9% in Nov (5,8% in Jan); salary delays, unemployment main drivers. http://izvestia.ru/news/580157
End of conversation
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