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"there are not enough Russian bonds." Were investments in Russian bonds seen as secure from US originated currency manipulation and attack any shortage of Russian Bonds could be readily remedied. And if Russia can get internal growth going again at 5%/yr or more for a few years the size of the entire rouble denominated world economy could increase. Already there is a demand for Chinese bonds outside of China. Everyone is seeking yield.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Sun Apr 27th, 2014 at 07:34:21 PM EST
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Everyone is seeking yield and there is market demand, but governments with substantial C/A balances will not oblige.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman
by Carrie (migeru at eurotrib dot com) on Mon Apr 28th, 2014 at 05:19:05 AM EST
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