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I think that everyone from the American left and right to the Russian establishment genuinely misjudged what Joe is capable of. We haven't had a president who was experienced in foreign policy since Bush I. It's a different ball game, and clearly he knows how to play. I hope the oligarchs continue to defect. It's our best chance of getting out of this with minimal damage. If the ruble falls another 10 or 20% tomorrow the rats may start to jump ship.