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Strategies & Market Trends : Investment in Russia and Eastern Europe
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To: P.T.Burnem who wrote (658)9/10/1998 1:02:00 PM
From: Rob Shilling  Read Replies (1) of 1301
 
I agree PT Bernum,

1) The central bank rate is fiction, the street rate is reality. Some prices from Thursday show 10 rubles to the dollar. There is a sever shortage of rubles on the street.

2) The U.S. dollar is down. The weaker Yen of the last few months has reversed course. As far as why oil prices are up, you can add 85% OPEC compliance that is drawing 1 million barrels a day from crude oil stocks.
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