John Ward – Off The Radar : If Russia Starts To Get The China Syndrome, Watch RBS Fall Over – 10 May 2012

Wherever one looks, debt epidemiology is apparent – and growing.

The Vologda Oblast (Oblast = region) is located in the northwestern part of Russia. It’s about 500 km from the Kremlin, or roughly halfway to Finland, but like you, I’d never heard of it until just now….when S&P downgraded its credit rating from from B+ to B. 

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