Russia: Ruble stabilizes after Putin’s speech

After Putin’s speech yesterday, the Russian ruble’s precipitous decline has stabilized somewhat. The President of Russia tacitly endorsed the central bank’s policy of interest rate inflation and kept outlook relatively focused on the currency crisis rather than declining government revenues and sanctions. The currency is holding steady right now at 61 rubles on the dollar,…

Iran Talks: Deadline Passed, Sides Consider Alternatives

Today marked the deadline for P5+1 and Iranian negotiators to come to terms on an agreement concerning the Iranian nuclear program. The probability that a “permanent” agreement would be reached in accordance with the deadline was virtually zero as Iranian negotiators had previously declared a deal before November 24 “impossible” and Western negotiators had already begun to…

Iran: Talks proceed with letter from Obama to Ayatollah

Representatives from Iran, the US, and the EU began an unscheduled day of talks after reported unresolved disagreements threatened to overturn the framework before deadline, which is looming in just two weeks. Iranian Foreign Minister Javad Zarif, US Secretary of State John Kerry, and EU envoy and former foreign policy chief Catherine Ashton met in…