I'm not sure whether this report is true. I don't use credit cards unless I have to - but I almost want to attempt to verify this report. I do know that many more people talk about the financial crisis here. I had a man I'm working with ask me today if I think the financial crisis will affect a particular grant. I don't think it will. Money gets put into the pipeline - and it would take something really earthshaking to move it out of the pipeline.
In fact, while the article talks about credit cards being refused, I don't really see many signs here of a business slowdown. Yesterday, I read an article about guest workers being stranded here - as their work contracts aren't renewed. But - the restaurants still have business. I don't notice more people sleeping on the street. Yet.
I did notice earlier this week that the ruble had weakened against the dollar - but today, the rates were back to what they had been. The government here has deep currency reserves to protect the value of the dollar. And there is a strong political reason for such action.
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