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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: doormouse who wrote (408)8/7/1998 4:09:00 PM
From: Real Man   of 1301
 
This does not mean it can't decline more, though. But at less than
10% of GDP a decline in stock prices can't really hurt the economy.
In comparison, if US stock prices decline 10%, the damage relative
to GDP is a lot more than what a total stock market wipeout
would do in Russia. There are dark clouds on the global market horizon, and Russia's recovery may be delayed.

Almost forgot:
headlines.yahoo.com
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