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Strategies & Market Trends : Russian Crisis - Is it a buying opportunity?
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To: Josef Svejk who wrote (70)8/31/1998 12:46:00 PM
From: Dimitry A. Semenov  Read Replies (3) of 175
 
Interesting article and I also agree with most of it. Communists might take more power and screw up things even more. However, I do not think Stalinism have any chance. For one thing young generation, myself included, detest Communists and they learned how to survive in market economy. There are also no leaders that can rule Russia with the iron hand. General Lebed tasted what its like dealing with the REAL problems of governing when he became a governor of Krasnoyarsk region where my parents live. He took a look down the financial abyss of dealing with budgets and revenues instead of paratroopers and tactical plans. The experience tamed him down quite a bit. He simply realizes that he does not have a clue what to do. He would probably support someone who he thinks is honest enough and smart enough to deal with economic problems.
It is certainly the possibility (at least 50%) that the world order and the hope for world prosperity has ended as we know it, and that what is driving markets down unwinding gains of years of Great Bull market that took place exactly at the time when the hope for new world order took hold. We will see... However, West has never committed itself to REALLY helping former Soviet Union which in fact was in pretty much the same situation as Germany and Japan after the war. Many Russian would wish to declare a war on the United States (or Sweden, Finland, Germany and so on.) and surrender the next day so it can be occupied (and I am serious.)
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