Russia’s economy is headed to collapse, but this time it won’t take the global financial system down with it

Russia’s economy is headed to collapse, but this time it won’t take the global financial system down with it

I don’t think--please notice the “think”--you need to worry that the collapse of the Russia economy and chaos in the Russian financial system will prove another global financial crisis as it did in the "Ruble Crisis” of 1998. Oh, not because the Russia economy won’t collapse or the Russian banking system won’t descend into chaos. Because they will. But because of the mountain of sanctions piled on Russian banks, oil producers, and assorted oliga…