STUFF ... Best case forecast Russia econ to grow 1.1-1.2% this year. 1.3% growth in '13. If capital flight continues, though, they're facing recession. Capital outflow $70B in 1Q14. $63B all of '13. 45% probability of recession. Ruble lost 16% v. dollar past 12 mo, 20% v. euro. This year already, ruble down 7.6% v. dollar. Worst of 24 emerging market currencies, all of them freefalling since US Fed began tapering. Russia central bank has raised rates, selling forex reserves to prop ruble. Last month raised key lending rate to 7% from 5.5%. Corruption everywhere. Credit rating downgrades from Fitch, Moody's. Exclusion from G-8. Visa, Mastercard stopped servicing transactions for sanctioned banks. Europe determined to get off Russian NG/oil. Crimea finances will drain Moscow further. And that's the do dah today.