Global crisis of confidence

[mirror]

MiniGirl
We are so cheap, somebody buy us  

Medvedev said in Sotchi that russ government reserved money to buy stocks of our companies so I think our government is going to watch after this process.

[MiniGirl]

MiniGirl
We are so cheap, somebody buy us  

Medvedev said in Sotchi that russ government reserved money to buy stocks of our companies so I think our government is going to watch after this process.

I think, that just companies "buy back" would be enough. Friday was as stupid trading day as Thurthday.
All my investors laugh at our gov's interventions and our market's reaction.
And yes, after Medved anounced his plans with gov, market had an increase, but dont u think that +20 with min volumes, without any shorts (coz there were not allowed) and 0 foreignis inst investors not a market, just a circus

[mendeleyev]

Russia had the same market contraction as USA:

RIA News
By Steven Dashevsky

Russia's reserves seem more than adequate compared to the some $23 billion that foreign investors have so far withdrawn since the conflict with Georgia broke out in early August. Moreover, with virtually no debt, the Russian state has substantial borrowing capacity. I believe that the Russian budget will remain in positive territory as long as the price exceeds $70 per barrel.

The government's response to date has been adequate and professional. The Central Bank has provided the three major banks -- Sberbank, VTB and Gazprombank -- with $44 billion in emergency funding to be used to improve the liquidity throughout the banking system.

The country's benchmark RTS Index has fallen 54 percent year-to-date and 36 percent in September alone, making it one of the worst performers globally. The global macro issues -- the liquidity crunch and the falling commodity prices -- as well as the increased concern about Russia's political risks were the fundamental reasons for the sell-off, while the indiscriminate liquidation selling by funds and leveraged investors added fuel to the fire.

Russia's RTS Index has plummeted by 57 percent since mid-May, while the oil price has fallen 37 percent from its July 11 high of $147 per barrel. In the month since the war with Georgia, more than $20 billion of foreign capital is thought to have quit the country as tensions between Russia and the West worsened amid perceptions of political risk.

President Dmitry Medvedev said last week that the flood of capital from Russia was caused 75 percent by global turmoil, and 25 percent "is from our own investment problems, including the consequences of the war in the Caucasus."
While the Central Bank and Finance Ministry have pumped billions of dollars into the markets since last week, top government officials have appeared indifferent or even dismissive, a factor that has contributed to the lack of confidence in Russia's ailing exchanges, bankers said.

On Wednesday, the government offered $44 billion in loans to the country's three biggest banks, while state auctions saw in short-term banks taking up $19 billion cash, a day after they borrowed $20 billion.

[mirror]

MiniGirl
And yes, after Medved anounced his plans with gov, market had an increase, but dont u think that +20 with min volumes, without any shorts (coz there were not allowed) and 0 foreignis inst investors not a market, just a circus

Экономический форум "Сочи-2008"
Путин подчеркнул, что осуществления инвестиций в стратегические сектора экономики остаются открытыми для иностранных инвесторов.

«Просто вводится четкий и прозрачный порядок их допуска в особо чувствительные сферы», – уточнил он.

All investors are WELLCOME to our Russian economics.But looks like western investors want to wait.

[MiniGirl]

RIA News
By Steven Dashevsky

I know him. Jewish guy from Aton  He never works in office, always on vacations or out 

[MiniGirl]

All investors are WELLCOME to our Russian economics.But looks like western investors want to wait.

Wait before start to short us again? 

[mirror]

MiniGirl
Wait before start to short us again? 

  it is a fear to loose money complitelly in Russia. You know  examples of nationalization in Russia and FSU republic like Kazachstan .

[fireeater]

But I also thought it was very interesting that the solution, by the USA and Russia's for  the same issue with the markets was the same. Put large amounts of cash into them to stabilize the problems. The problems that caused them were different, but the answers by both governments were actually the same. 

Not much difference between them in this, financial stability is required by both countries in todays world. 

But I also was happy ours did not require this, even though it did affect us
to a certain degree. Some of out institions do hold paper on those US banks. But ours are more insulated from the USA issues, and Russia's were more regional.   

 
 

[WestCoast]

But I also thought it was very interesting that the solution, by the USA and Russia's for  the same issue with the markets was the same. Put large amounts of cash into them to stabilize the problems. The problems that caused them were different, but the answers by both governments were actually the same. 

Not much difference between them in this, financial stability is required by both countries in todays world. 

But I also was happy ours did not require this, even though it did affect us
to a certain degree. Some of out institions do hold paper on those US banks. But ours are more insulated from the USA issues, and Russia's were more regional.   

 
 

Canadian banks were burned really bad when Brazil defaulted on loans years ago and they seem to have learned a lesson and have not gotten as involved in the US mess as have some of the European banks. 

[fireeater]

But I also thought it was very interesting that the solution, by the USA and Russia's for  the same issue with the markets was the same. Put large amounts of cash into them to stabilize the problems. The problems that caused them were different, but the answers by both governments were actually the same. 

Not much difference between them in this, financial stability is required by both countries in todays world. 

But I also was happy ours did not require this, even though it did affect us
to a certain degree. Some of out institions do hold paper on those US banks. But ours are more insulated from the USA issues, and Russia's were more regional.   

 
 

Canadian banks were burned really bad when Brazil defaulted on loans years ago and they seem to have learned a lesson and have not gotten as involved in the US mess as have some of the European banks. 

Nor did they hand out loans as in the states. They operate with better business practices, that make loans defaulting a smaller risk here. Regardless of regulations one is still in business, and should keep the losses down.

But still some differences of opinion in the USA about whether this was the right way to go or not. Be interesting to see what both markets do on Monday when they reopen. Russia and The USA as well as here.   

 

[cufflinks]

I would like to share my last 2 posts for comment:

http://ruadventures.com/forum/index.php?topic=4535.msg61482#msg61482

[fireeater]

I would like to share my last 2 posts for comment:

http://ruadventures.com/forum/index.php?topic=4535.msg61482#msg61482

Lets see if I have this right Correct me if I am wrong I have stayed of that one since Americans should have more knowledge. 
Simplified version by the way

Financial Institutions messed up royally
Financial Institutions being bailed out
The only ones being helped are the ones that caused it

The people most effected still in trouble and on the hook. 

Does that about cover it,  simply put. 
 

[cufflinks]

Add to that not a one of them or us has a clue as to how all of this will turn out...

As we used to say on the Boats when going into general quarters and manning our battle stations - grab you sox men and hang on this is going to be one hell of a ride

[fireeater]

Add to that not a one of them or us has a clue as to how all of this will turn out...

As we used to say on the Boats when going into general quarters and manning our battle stations - grab you sox men and hang on this is going to be one hell of a ride

I did assume that from what I have been reading. Tomorrow should be interesting for both Countries. 

[MiniGirl]

I did assume that from what I have been reading. Tomorrow should be interesting for both Countries. 

Could u pls pray for HPQ and MRK