I've tried to avoid purely political items in my Russia-Ukraine coverage, and focus on the macroeconomic consequences ... but this one seems possibly important for macroeconomics.
The Times (that's the one in London) reports (and it's been confirmed) that Putin had some of his top spies arrested. The charges (embezzling) are trumped up, but the real crime is that they misinformed him about conditions inside Ukraine that were materially important making his invasion plans a success.
The article is gated (but not very hard to find), but The Times official Twitter feed covers most of it.
So ... yeah ... all the macroeconomic consequences might flow from these "yes men".
No comments:
Post a Comment