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: baystock who wrote (448)	8/17/1998 11:37:00 AM
From: Real Man	Read Replies (1) of 1301

So, what now? It will be interesting how the markets react to devaluation of the ruble and debt moratorium. The market feared this, but once it happened, what else is left there to fear? The negatives - obvious. We have to watch the banks + salaries dove suddenly. The positives - this solves the problem for the oil sector, as Soros suggested. Plus, the government can now pay salaries. I believe, they finally did something right, if they pay overdue salaries. This is the most important thing that should have been done at all costs to protect the country from unrest. Interesting, but stocks rose in Russia after the initial drop. We'll see what develops. Any opinions?

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