'Long, dark period ahead of us' as Putin escalates in Ukraine and the Fed hikes another 75 bps - Art Laffer

'Long, dark period ahead of us' as Putin escalates in Ukraine and the Fed hikes another 75 bps - Art Laffer

- The Russian ruble strengthened Friday to cap off a whipsaw week for the currency. - Russia's native currency gained 4.5% against the dollar, hitting 56.7 and climbing to a high not seen since August 25. - The rally came while other global currencies weakened against the dollar, which hit a fresh 20-year high. The ruble moved higher on Friday, making it an outlier among other global currencies as they continued to weaken against the unstoppable US dollar. Russia's native …