“We’re trying to read the tea leaves of what the Russian government is most concerned about when they have threatened foreign companies that have halted operations or pulled out of Russia,” said Thad McBride, a partner with Bass, Berry & Sims.
Pimco execs told the U.S. Treasury that a Russian default would actually give President Vladimir Putin more money for his war efforts.
Economists don’t tend to look at any given indicator in a vacuum. Instead, they consider a wide variety of data when making projections about the health of the economy.
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