Russia Is looking at a wave of real estate defaults as the ruble plummets https://news.vice.com/article/russia-is-looking-at-a-wave-of-real-estate-defaults-as-the-ruble-plummets … via @vicenews
@burgherreview @vicenews Until VVP runs out of cash. And that might happen sooner than later.
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@andersostlund certainly not on this one. 150k of loans * $ 80k each = $ 12bln. bailing out 20% is $ 2,4bln = daily RUR support.@vicenews -
@burgherreview Not any one thing but it all adds up. The ants will defeat the elephant.
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@andersostlund my bet is that the elephant will do something suicidally stupid much sooner than that.
End of conversation
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