Russian Default Looks More and More Likely

Everything is not lost yet, but the collapse in the Russian financial system is making everyone pretty nervous about a default in 2015

Russia is moving towards an incredible default, and the markets are really nervous about short-term prospects for Moscow:

Just take a look at what happened after the central bank raised its interest rates from 10.5% to 17%:

Three trading platforms have decided to stop the short selling trading on the Ruble “until further notice”.

This means the situation is bad, really really bad.