by Dave Essel
Russia may be trying to ostrich away the crisis and claim that its crisis is just part and parcel of the world economic crisis. But metrics are everywhere and crop up in the oddest of places.
Here is a metric from the Federation of the Swiss Watch Industry that shows that Russia is suffering worst by far – naturally.
The poor oligarchs and would-be oligarchs for whom a 20-grand Swiss watch is an entry symbol are cutting back big-time on their Piagets and Patek Philippes.
Russia claims its rightful place as the biggest loser in this as in most everything else. And so it goes…