Investment in Russia and Eastern Europe Message Board

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Strategies & Market Trends : Investment in Russia and Eastern Europe

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To: peter michaelson who wrote (185)	5/28/1998 4:02:00 AM
From: Real Man	Read Replies (1) of 1301

Looks like Russia will be up 5% or so tonight - at least the blue chips are up considerably now. I suppose, they will receive credit line from IMF - that plus 150% rates should stop the speculators (Soros?) from attacking the ruble - and give the markets a boost. GDP growth for 1997 was revised up to 0.8% from 0.4% recently. Soros wanted to invest in the Russian markets in November - but, I guess, not at November prices. We'll see what happens. The world is scared of "unrest with nukes" after all. That is what will happen if Russian economy is allowed to slide back in the crisis mode. Most folks in Russia don't care about the markets - there are signs now of a deep unrest which could lead to Yeltsin's resignation should the ruble slide. The miners demand precisely this. In addition, there is renewed Chechen-related war zone activity in the South. Now there is a serious risk of war in the Caucasus mountains - in the Dagestan, which is a Russian region near Chechnya. -Vi

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