Russian stocks have crashed a stunning 98% in the last few days - even with the Moscow Stock Exchange being closed...
This index includes some of the best known banks and energy producers in the world that have suddenly become 'worthless' as post-invasion-retaliatory-sanctions on Russia have crushed liquidity and ostracised the nation from the world.
For one trader, Alexander Butmanov - founder of the investment group 'Allies' and expert on stock market strategies - apparently it was all a little too much to handle as he appeared on live TV, memorializes his career in the market, reflects on his previous role as "Santa Claus" as a possible new career, and drinks to the death of the stock market...
"...I'm going to work as a Santa Claus as I did 25 years ago..."
A snapshot of the Russian economy: an investment expert goes live on air and says his current career trajectory is to work as "Santa Claus" and then drinks to the death of the stock market. With subtitles. pic.twitter.com/XiPVTSUuks
— Peter Liakhov (@peterliakhov)
Our favorite moment was the anchor's face when he started...
Of course this rant is a lot more real than America's version...