Ukraine is crashing. It is a rather large country with 50 million people. Panic has started and the hryvnia (UAH) was on Friday trading at 7.49 UAH against the dollar compared with 5.05 UAH at the beginning of the year and 4.84 UAH in July. Fukuyama said that history has ended. Not so.
Sunday, December 14, 2008
Unstable countries start to crash
Ukraine is crashing. It is a rather large country with 50 million people. Panic has started and the hryvnia (UAH) was on Friday trading at 7.49 UAH against the dollar compared with 5.05 UAH at the beginning of the year and 4.84 UAH in July. Fukuyama said that history has ended. Not so.
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1 comment:
Actually, history has not even begun yet. So far, it has just been a warm-up for the real thing.
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