Who Is Running Russya? A Woman, Of Course

      It appears that the economy in Russya is beginning to stabilize

Ms. Elvira Nabiullina

: inflation is now running at about 7%, and next year could be at 4%.  This is sharply down from 15-20% for the past few years.  How is this happening?  Who is calling these policy changes?  Mad Vlad?  hardly.  Mr. Medvedev?  You must be kidding.   Then, who?
     It's none other than central-bank chief Elvira Nabiullina.  The Yale educated is a Tatar of humble origins: her dad was a chauffer and her Mother was a factory worker.  She was educated as an undergrad at Moskova State University.  By luck and grit, she was able to enter Yale Graduate School of business for advanced studies in economics.  It was there she was exposed to the heart and soul of modern economics and as an added benefit, modern banking and capitalism.  It is with these American tools she has been able to direct the Central Bank of Russya in a direction that could lead the largest country in the world and its erratic leaders kicking and screaming into the global banking system.  Her primary goal is to reduce inflation  and to clean up the domestic banking environment.  She has already shut down about 20% of the banks that were breaking CBR rules.
      Now, if she can expand the bases of the Russyan economy, now based on oil sales, then more foreign capital will descend on the state.  Janet Yellen, announced yesterday at a conference that the Fed will likely raise interest rates in the US before year's end.  This in turn affects global bond prices and will affect investment decisions that seek yields abroad, ie. Russya.  The big unknown is Mr. Vladimir Putin and his foreign adventures in places like Syria, Turkey, Iran, etc.  All of these could torpedoe any or all of Ms. Nabiullina's efforts to assist the country's efforts at improving the economic outlook for 200 million Russkies.