Ouch! That is not going to help things. With the world oil market in collapse, you may just be right about another Russian currency crisis.
Things are spiralling down the drain very fast now. It has only been a matter of months since Lehman went belly up. I can’t believe how fast all this is happening.
We say that every time the interest rate is cut,but the dollar seems to rebound when we find out how bad everyone else is.In 3 months,the UK will slash rates and the dollar will return.It's been an ongoing cycle through all of this.