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Russia’s Entire Stock Market is Worth Less Than Apple Computers

A few days ago a bizarre inversion took place. A single company was suddenly worth more than the entire investable market size of a major economy. While I like Apple a lot and applaud the incredible profitability of the company, this is more a story about how badly the Russian economy is doing. Back when […]

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Russia Invades Ukraine, Needs Potatoes

Last week it looked as though Russia was escalating its engagement in Ukraine, sending supplies directly into Ukrainian territory and potentially starting a full blown war. But things have remained opaque since then, with increasing reports that Russian troops were crossing the border and Russia steadfastly denying it. But after days of reports from the […]

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Russia’s Trade War Shows Europe to be The Better Economy

Since I first wrote about the Ukraine┬ámuch has happened. Russia has been unmasked as a bizarre cartoon villain seemingly hellbent on destabilizing the Ukrainian government, assisting “rebels” and being indirectly responsible for the murder of a plane full of people. All of which came to a head last week when it appeared that Russia might […]

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Crimean Crisis Reminds Everybody Why Investing is a Long Game

You might have been forgiven if you hadn’t been paying close attention to the Ukrainian Revolution two months ago when it was a long and violent standoff between the Ukrainian government and its people. Kiev square looked like a war zone and reports, while increasingly dire, were not necessarily front page news. But since the […]

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