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Russian Liquidity
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Author Russian Liquidity
HenryTo
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PostPosted: Fri Jun 01, 2007 11:50 am    Post subject: Russian Liquidity Reply with quote

A further sign of deteriorating liquidity conditions in Russia:

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=atjaPNVy1xtg

Quote:
``It's very hard to place anything at higher end of range right now because there is not enough money on the market,'' said Fenkner, who didn't buy the shares. ``There hasn't been enough inflows of funds either by foreign or by Russian investors.''
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HenryTo
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PostPosted: Wed May 28, 2008 1:31 am    Post subject: Reply with quote

Even Russia - with oil prices at $130 a barrel - isn't immune from the credit crunch:

http://www.bloomberg.com/apps/news?pid=20601087&sid=axGOIdIaLDKs&refer=home
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rffrydr
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PostPosted: Wed Dec 26, 2007 12:01 am    Post subject: Reply with quote

A "considered" opinion on Bulgarian RE:

http://financialsense.com/editorials/petrov/2007/1219.html
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rffrydr
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PostPosted: Thu Nov 22, 2007 8:30 am    Post subject: Reply with quote

Like Hammer's Occidental in the Soviet days? THAT profit proved to be the exception.
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Markus
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PostPosted: Thu Nov 22, 2007 7:40 am    Post subject: Reply with quote

HenryTo wrote:
Creeping state intervention, nationalization, etc., now just part of everyday life in Russia:

http://www.iht.com/articles/2007/05/25/business/ruble.php

This quote is a classic:

Quote:
Outside of oil and natural gas, the Kremlin has consolidated control over aircraft manufacturing, domestic automakers, diamond mines and other industries. Gref, however, said state intervention in sectors other than oil and gas should be seen as temporary, merely an effort by the government to restructure ailing Soviet-era industries. They will eventually be re-privatized "up to 100 percent," he said.


It is a normal situation for this country and for the style of antirecessionary governing of Russia, so to say historically assembled. What is important for an investor? Stability.
And it is present. I wanted to mark about monopolization ... The French Company won auction for exploitation of gas and oil deposits. It means, there are instruments on which it is possible to gain income at Gas and Oil in Russia.
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rffrydr
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PostPosted: Thu Oct 04, 2007 9:59 pm    Post subject: Reply with quote

Kazakh posterboy?

Quote:
Tim Ash, emerging markets strategist at Bear Stearns, said it was "remarkable" that the five-year CDS on Kazakhstan was trading at such levels when there was no actual underlying sovereign debt to trigger any such default. He said: "The market thus seems to be pricing in a new eurobond issue at some point over the next five years, presumably aimed at bailing out troubled banks."



http://www.ft.com/cms/s/0/fa6f8c82-7213-11dc-8960-0000779fd2ac.html
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rffrydr
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PostPosted: Sun Sep 30, 2007 8:43 am    Post subject: Reply with quote

Russian bank jitters. Central bank takes junk as collateral. Another false start or cracks inthe EEM facade?

http://www.ft.com/cms/s/2ed4f528-6870-11dc-b475-0000779fd2ac,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F2ed4f528-6870-11dc-b475-0000779fd2ac.html&_i_referer=
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HenryTo
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PostPosted: Sun Jun 10, 2007 3:15 pm    Post subject: Reply with quote

Goldman re-enters Russia in a big way. Goldman usually has good timing, but not in this case, as it is now late to the party. The last time it entered Russia in a big way was June 1998 - just a month before a significant peak in the U.S. market and a few months before the peak of the Russian Crisis:

http://www.bloomberg.com/apps/news?pid=20601087&refer=home&sid=aERIsR66Zjw4
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HenryTo
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PostPosted: Sun Jun 10, 2007 3:13 pm    Post subject: Reply with quote

Creeping state intervention, nationalization, etc., now just part of everyday life in Russia:

http://www.iht.com/articles/2007/05/25/business/ruble.php

This quote is a classic:

Quote:
Outside of oil and natural gas, the Kremlin has consolidated control over aircraft manufacturing, domestic automakers, diamond mines and other industries. Gref, however, said state intervention in sectors other than oil and gas should be seen as temporary, merely an effort by the government to restructure ailing Soviet-era industries. They will eventually be re-privatized "up to 100 percent," he said.
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