Several readers of this Letter have asked me to comment about the situation in Russia and my views on its recent evolution. Indeed the subject is very interesting and does not lack…
Month: April 2013
Sovereign Debt
Luc Brunet – 1 April 2013 One of our subscriber recently asked me a simple question, or at least one that looks simple : why do countries contract debt? As a matter of…
Cyprus 2
Luc Brunet – 1 April 2013 The Cyprus story took a very interesting turn. As you remember from my previous letter, I wrote that the most probable outcome was a scenario closed to…