Saturday, November 15, 2008

Like the rest of the world we are waiting with anticipation for the G-20 meeting to wrap up. The administration in Moscow has indicated their desire for the Ruble to become a regional currency, and they have just signed an energy agreement with Belarus to price oil in Rubles. The dollar is coming under assault from an unexpected direction as Sarkozy of France has indicated his desire that the world diversify from relying solely on the dollar. Before I would have said this trend is going to develop slowly, how slowly I am not sure as the meltdown in the U.S. has changed the rules of the game.

1 comments:

Anonymous said...

will be nothing but talk. Cheap talk.