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Are Financial Markets Indestructible? Crossing the Ruble-con

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When Russia invaded Ukraine a little over a month ago, global equity markets sold off and the ruble was decimated. Today, equity markets have rebounded. The ruble is quoted as having recovered 50%. In other words, it’s almost business as usual in financial markets. The humanitarian crisis persists but the economic threat seems to be a thing of the past. Are markets simply indestructible? Tom and Dylan discuss this and more.


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