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Jakobsen: Ignore the ruble's fall at your peril

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There's a clear analogy to what's happening now in Russia and what occurred in 1997-1998 when the country defaulted. That's according to Saxo Bank's Chief Economist, Steen Jakobsen who claims the world is ignoring the impact of the ruble's decline at is peril.
USDRUB has gained more than thirty percent in the past three months. Steen outlines three possible scenarios as to what could and should happen next. He also gives his advice to traders who may perceive the investment opportunities in Russia are starting to outweigh the considerable risks.