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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11742 Location: Los Angeles, California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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Posted: Mon Jul 20, 2009 9:14 am Post subject: |
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Kazakhstan's Astana looks to load the podium in Paris for 2009 Tour de France fielding perhaps the best cycling team the world has seen. All the big western sponsors esp. the telcoms and retail drift away.
Danish, online forex trader, Saxo Bank, bringing up the tail...maybe there's more in common here than meets the eye. _________________ Today is the Tomorrow you worried about Yesterday! |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11742 Location: Los Angeles, California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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Posted: Thu Feb 12, 2009 7:57 am Post subject: |
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If you take heart at the Chinalco buyin of RIO today and believe crude will hold this floor a distressed Russian bond fund may foot the bill--defaults, large scale defaults are priced in while the umbrella of State reserves is probably not been given enough credit--assuming Russia still has G8 ambitions.
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a6vxWuczSkls _________________ Today is the Tomorrow you worried about Yesterday! |
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Odysseus Senior Poster

Joined: 14 Feb 2008 Posts: 109 Location: Dallas/Moscow
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Posted: Thu Jan 22, 2009 10:42 pm Post subject: |
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Re-nationalization is a brilliant tact by the Russian Government. Russian National assets that were (stolen) privatized by the demented old sot (Yeltsin) can now be legitimately shepherded back into the treasury. Russia will never allow control of stratigic assets to be in private hands.
Some less critical assets will be allowed to be 'capitalized' in a Western style market. Companies like Vimplcom still need access to foreign capital but only under the supervision of the FSB.
Although I still lust after Norilsk, I fear that it may be only a rump investment. Actually, the government may wind up being a better asset manager than many suspect.
Outside of Moscow, St. Pete and a few other large cities, the 'guy on the street' hasn't benefitted all that much this last decade. Life goes on in serfdom much as it has for 500 years.
This cycle is almost playing to a script I thought about in the early 2000's. Whether commodities are high or depressed, the government still wins. Such is the nature of Czardom.
Regards _________________ Psychic with Alzheimers. I can predict what I will forget. |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11742 Location: Los Angeles, California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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Posted: Thu Jan 01, 2009 9:51 pm Post subject: |
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Putin bears his cross of steel:
http://www.ft.com/cms/s/0/203b1300-cbdc-11dd-ba02-000077b07658.html
| Quote: | The greatest political danger for Mr Putin is different. Hitherto he has kept power by maintaining a balance between the factions around him, representing different arms of industry and the security services. As long as the economy grew, they could all be kept happy.
Today, he may be forced to choose between them, who gets help in repaying the huge foreign debts accumulated by the likes of Gazprom and Rosneft.
There may not be enough to go round. That is when the factions will start fighting. |
_________________ Today is the Tomorrow you worried about Yesterday! |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11742 Location: Los Angeles, California
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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Posted: Sat Oct 18, 2008 7:33 am Post subject: |
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As is nearly half of OPEC. _________________ Today is the Tomorrow you worried about Yesterday! |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11742 Location: Los Angeles, California
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Posted: Fri Oct 17, 2008 12:24 am Post subject: |
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| Note that with crude oil prices below $80 a barrel, Russia is now projected to run a current account deficit going forward. |
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HenryTo Site Admin


Joined: 06 Aug 2004 Posts: 11742 Location: Los Angeles, California
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Posted: Fri Oct 10, 2008 9:07 am Post subject: |
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Russia pledges US$6.7 billion to buy Russian stocks on the open market next week:
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Russia to launch stock market support next week: PM
Fri Oct 10, 2008 8:44am EDT
MOSCOW (Reuters) - Russia will spend 175 billion rubles ($6.7 billion) on stock in Russian companies this year and the next to support share prices, Prime Minister Vladimir Putin said on Friday.
"Development Bank will start placing funds in Russian shares, not foreign shares, next week," Putin told reporters.
"The amount to be placed is up to 175 billion rubles this year, and no less than 175 billion rubles next year," he added.
State controlled Development Bank, known in Russian as Vneshekonombank (VEB), will be the government's agent in carrying out the support package, Putin said. Putin is Development Bank's chairman.
The bank will also receive a 75 billion ruble capital injection by the end of the year, which could ultimately be used for either share or corporate bond purchases, Putin said.
Share trade was closed in Moscow as the market regulator tried to contain a sell-off on Russia's liquidity-deprived stock market, but Russian shares trading as depositary receipts declined despite the promise of support.
The FTSE Russia index, trading near 465 points before the announcement, briefly pared losses on the news but settled back down to 458.84, a 12.31 percent loss, by 1202 GMT.
Russia initially pledged 500 million rubles in support for the stock market. The Russian government has said it would buy shares in state companies, increasing its stakes. |
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rffrydr Moderator


Joined: 30 Oct 2005 Posts: 16939 Location: Sunny California
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Posted: Fri Sep 19, 2008 8:03 am Post subject: |
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Like nothing ever happened. Batten down the hatches as old as it is wise. I'll be looking to short this at the earliest opportunity.
| Quote: | Medvedev lashed out at Western countries for failing at the G-8 Summit in Japan in July to agree to common principles for crisis situations which might have ``significantly damped consequences of depression on the American stock and financial markets.''
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http://www.bloomberg.com/apps/news?pid=20601085&sid=a7g3qDQmzDyM&refer=europe _________________ Today is the Tomorrow you worried about Yesterday! |
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