What Rhymes With Ruble?

That would be turd. The Ruble progresses as we said it would while every bloviating bullshitter on Wall Street told us how great the Russian economy was, how strong the Ruble was, how great an opportunity cheap Russian stocks were and how completely stupid everyone in the United States was. The Ruble is headed down the toilet along with all of the other turds we have talked about this cycle. That includes the completely and utterly ridiculous notion that we were experiencing peak oil. Another turd we consistently railed against. Sooner or later we'll flush all of these turds down the toilet. When that happens, you'll hear the sucking sound all of the way to Orion.