BUTTERFLY EFFECT: What happens to SA's debt and that of emerging markets if Russia defaults? - Daily Maverick

In 1998, Russia defaulted on its debt, and what is known as the ‘butterfly effect’ spread out over emerging markets, fuelling SA’s inflation rate to more than 13%. It seems very likely that Russia will default again within the next month. Should we be getting…

Years ago, the science fiction writer Ray Bradbury wrote a short story called A Sound of Thunder in which safaris into the future were possible, but time-tourists were warned not to disturb anything.… [+4271 chars]

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