Russian Stock Market Collapse

The Russian stock market is, apparently, in free fall:

So they've stopped all trading 2 days in a row! Is this because of the falling price of oil? I've heard reports of billionaires fleeing Russia to escape Putin's KGB tactics:

Do these billionaires in hiding and the capital they've taken with them have something to do with this Russian market collapse? Is it just the falling price of oil? Or what?

 

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Did the invasion of Georgia help? No.

 

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Good point. Perhaps the international fallout from that has helped create this collapse?

 

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There has been cutoffs of funds and trade, and Russia's economy had barely stabilized, from the break up of the CCCP.

I also wonder if Sorros sold the Russians short?

Sounds like something he would engineer, and has done so in the past, and Russia was in a economic situation, where is was vulnerable to such action.

 

Link

 

The Russian Market has lost 54% of it's value since July, with a 17.5% drop in one day on the MICEX, along with a 11.5% on the RTS.

Now compair that with the 5% drop in the Global markets.

http://www.businessweek.com/globalbiz/content/sep2008/gb20080917_169033_page_2.htm

Behind the Russian Stock Market Meltdown
A series of shocks, including fears of a new Cold War, caused share prices to fall even before this week's turmoil. Foreign investors may not return soon

by Jason Bush

Is history repeating itself? That's surely a question many Russians must be asking themselves. Almost exactly 10 years after the financial crash of 1998, Russian markets are once again in turmoil. On Sept. 16, Moscow's largest stock exchange, MICEX, fell by a jaw-dropping 17.5%, the largest one-day loss in a decade, while the rival RTS exchange was down by 11.5%.

The free fall continued on Sept. 17, causing Russia's stock market regulator to suspend trading on both exchanges. The Russian central bank pumped a record $14.1 billion into the financial system, while the Finance Ministry said it would provide $44.9 billion in short-term loans to the country's biggest banks.

Compared with the gyrations in Moscow, the 5% declines in other global markets look pretty mild. What's more, the collapse in Russia is not simply a knee-jerk response to bad news elsewhere. Well before this week's chaos on Wall Street, the Russian stock market was imploding. Since the beginning of July, the RTS has lost 54% of its value, equivalent to some three-quarters of a trillion dollars.

The mounting losses have spurred frantic debate within the country's political and business elite..........................................................................

..........the underlying problems in Russia's financial system. Long-term savings in Russia are close to nonexistent. Most Russians still rely on the state to provide their pensions, and few have anything more than rudimentary insurance. Without stable institutional providers of long-term capital, Russian markets have to rely on volatile foreign capital.

With Wall Street in chaos, investors' appetite for riskier emerging markets such as Russia seems bound to diminish. Putin recently predicted that foreign capital inflows would fall to $50 billion this year, down from $81 billion in 2007. "If foreign investors don't buy debt and equity, Russian companies will find it harder to raise capital and therefore harder to grow," says Kingsmill Bond, chief strategist at Russian investment bank Troika Dialog. "That is the Achilles' heel of this market."

That could ultimately spell serious problems not just for the Russian stock market but for the entire Russian economy.

 

just 1 day after my Reagen thread. what a shocker. :yawn:

 

Hahahahaha. Spock's getting insider tips.

There's a lot of people in Russia..I hope something can be done to get them food.

But should America use this for political gain?

 

As a political gain, also to tactical, and strategic advantage yes.

 

as much as i hate to say this, a crippled Russia is a bad thing. all those nukes...who knows what will happen to them

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The real name of this thread should be:

השאם עומד נגד אמלאך

 

i think you mean
עמלק
?

 

Mr. Spock...is right.

After checking anyways.

It seemed like it would be
אמלאך

Because מלאך is part of אלוקים. Thus עמלק being obsessed with natural order would also...so without looking it up (And not knowing first hand) I took a jab.

I guess א to ע implies blindness. Also implying anger.
‏Also; ק predominate in laughing/irony whereas ‏כ‎ predominate in life.

So...if עמלק was צדיק he would be spelled אמלאך...which is moot since he wouldn't be part of מלאך unless was of נפילים.

All way off topic, sorry to mis-steer.

 

Haha as I read along I was waiting for this post!

 

Knowing the current situation of the stock market is crucial especially if you have stocks invested in it. It is better to be up to dated to the situations so that you could know the actions to be taken if some changes in the stock market occur as to secure your stocks to lose. Today, the stock market is unstable so we need to be vigilant to the current market conditions.

 

Well, well, well look who is going to come crawling back to totalitarian socialism.

 

ha ha ha this is all republic ***t thread. Good for America that since 2008 turd president Bush is gone, there is no need for hostilities between Russia and USA. And Russian market is doing just great, so the O.P can dream somewhere else of oblivion.