Bob Brinker: Market Savant & Radio Host Message Board

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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host

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To: Jim S who wrote (7482)	8/31/1998 5:58:00 PM
From: HammerHead	Read Replies (1) of 42834

By Martin A. Armstrong >>The collapse in Russia has gained far too little attention from the general media. Some are trying to argue that Russia won't affect the US or Europe because it only represents about 1% of exports. Such statements are clearly detrimental to understanding the seriousness of what the global economy is now facing. The issue with both Asia and Russia has NOTHING to do with trade and everything to do with capital. This is an important point. Deutsche Bank was downgraded today from AAA to AA+ on the back of major losses in Russia and emerging markets in general. The Russian economic crisis has led to major losses among many hedge fund managers not to mention banks. None of these players are worried about trade. What is at stake here is more than $500 billion in capital that could simply be vaporized. << It's consistent with my previous post. Now the investors are worry about the global economic slowdown will eventually impact the U.S. corporate earnings. Message 5507139

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