Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Haim R. Branisteanu who wrote (24905)	8/22/1998 4:06:00 PM
From: Dimitry A. Semenov	Read Replies (2) of 94695

I must disagree RE: Russia. There are no resources to prop the ruble. It seems regardless of what they say on Monday, the opportunity to get external financing weather through GKO or sovereign debt placements is nil. I thing the ruble will be beyond 9,5 ceiling by the mid fall if not by the end of next week. They cannot increase tax collection that quickly. The only way they can make payments is running the printing press. The end result: inflation by mid fall, political unrest, fall of government and possible vacuum of power and political struggle. With all the loosely controlled nukes out there, the short-term situation is likely to get very unstable.

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