"No underclass"?! Russia?! "No underclass"?! I don't know which planet you're referring to, but it clearly isn't this one!
it should have read no substantial class. you are likely to quibble over the definition of substantial.
Sorry its BS. Its all carry traders and oil is still low. Sticking to the topic, buying ruble is pretty good idea which I has already put into practice
Yes, yesterday was epic, those willing to bet on a quick turnaround in USD, equities, bonds, gold must have made much more money than they first hoped for. Anyway I don't have an opinion about Ruble, but russian stocks looked good valuewise before the US election and they look better today, I'll probably increase a small position I opened a little earlier
By investing in oil you mean buying oil linked stocks rather than oil futures/ etf, right ? In that optic investing in russian stocks might be better than buying rubles, I already have more funds invested in markets linked to oil than I'm really confortable with but Russia seems an attractive bet at the moment, even with flat oil prices ( this opinion is not coming from a deep analysis though, I'll be happy to read contradictory points of view)
The Trump victory is a more bullish catalyst for the US Dollar than the probable rate hike in December. His economic plan will add buoyancy to the US financial system. The Ruble will probably continue to trade in strong correlation to the US Dollar because it maintains a high benchmark rate. I anticipate when the Ruble moves up it won't get very far because liquidity has its' merits. On the other hand I anticipate when the Ruble moves down it won't get very far either because of the interest rate incentive.