And now, it looks like Russia may be messing with the Fed

Russian capital flight from west to east has begun. Let’s not forget that Russia has repeatedly expressed its dismay at Europe’s handling of the debt crisis in Cyprus which imposed heavy losses on uninsured depositors, many of them Russian. This is not looking good for the Federal Reserve, by pulling out $105 billion dollars worth of US government bonds out of the system is a crippling amount money to take out US Bond market.

Categories: Business

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