The Guardian (February 28)
“Moscow is bracing for economic panic when markets open on Monday morning, with the value of the rouble expected to plummet at least 25% after the US and European Union announced unprecedented sanctions over the weekend.” The resulting economic turbulence “will mark a key moment when the gravity of the crisis in Ukraine hits home for many ordinary Russians.”
Tags: Bracing, Crisis, Economic panic, EU, Gravity, Markets, Moscow, Ordinary Russians, Plummet, Rouble, Sanctions, Turbulence, U.S., Ukraine, Unprecedented
New York Times (May 30)
Many are incredulous that the market hasn’t plummeted despite President Trump’s missteps. “The stock market is best understood not as a presidential poll but as a barometer of the nation’s current economic mood, and it remains buoyant now for reasons unconnected to the White House.”
