Bonnie; Re > speculative mania <<
Remember LETRX , and the huge gains in Russia..it was wild,,
well the ensuing sell off has been even more wild..
Lets keep in mind Russia is tough, and also that they have some
of the greatest natural resources in the world. If they do get
their act together and don't bar foreign investment, the
ones who missed that first run up are ready to get in on the
second one, they are just sitting and waiting.
The CEs are still selling at a premium, so I'm watching LETRX
thing is it has big expense, and a 2% exit fee.
I'll track it with TRF and RNE..if the CEs go up then I might get
in it when and if it starts up. If they don't move in tandem I'll
consider it a false start.
Believe it or not the Russians don't hate us as much as most
European countries do.
I don't like any part of Africa at all for an investment, the per capita income is far to low, if the standard of living for the
working class can't be raised any run up is bubble that will be
followed by social and political unrest that can and will often undo the gains made.
The rich can get richer up to a point, but if
the disparity gets to great they can wind up running for their
lives. The disparity of wealth in Africa is worse than
in South America. Right now that is also a big problem in Russia,
and is becoming one here.
Jim
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