The Russian Economy Is Getting Bombed Day After Day

The range of outcomes at this point is frighteningly wide. What are the unintended consequences of just crashing in economy like that? Bloomirg read an article, russian swap signal record, 56 % chance of the fault on sanctions. It's financial warfare as much as anything. The market has taken this very seriously. When put an invaded crimea in two thousand 14, and you look at credit the fault swaps and their levels in terms of just basically pricing an the risk of a default, this dwarfs that. So we're going to see some funky stuff continue to play out in commodities markets - soy, wheat, corn.