Elite Refuge Member
- Jan 8, 2003
- Reaction score
- I'm Not Even Sure Anymore
After its value plunged to less than a U.S. penny, the ruble is now trading 40% higher than before Russia attacked Ukraine. Why?
For a team that is supposedly the brightest bunch of economists ever, led by the greatest president ever - they sure seemed to have screwed this up. From an exchange rate of less than 1¢ to today - worth almost 50¢.
If there is truly a Dunning Krueger effect, I would have to say the current occupant and his people are the perfect examples.