I certainly suspect Putin has surrounded himself with sycophants. That Russian press release where he's talking down to his defense ministers doesn't look good. They look like they're about to piss their pants. "Yes, boss! We'll roll into Kyiv by the second day, tops!"

This is going to make the 90s Russian bond default look like a joy ride. And Russia is certainly not self reliant. Has the Moscow exchange re-opened yet? Are the trains in Moscow running again with credit card transactions? Putin clearly miscalculated here, both militarily and economically. I don't see what his exit strategy is here. Neither NK, Iran, nor Venezuela were trying to fund an invasion when sanctioned. He'll be broke before he can dig his heels in and demand terms. Russia, however, can safe face by ousting him.