The official budget deficit surged last year, as did off-balance sheet military spending via the banking system and unpaid bills. That might be tough to sustain, especially with lower oil revenues.
Although I guess a deflated dollar would look like an inflated rouble, and vice versa. On the other hand they can both inflate/deflate relative to yuan or euro.
Although I guess a deflated dollar would look like an inflated rouble, and vice versa. On the other hand they can both inflate/deflate relative to yuan or euro.