Investment in Russia and Eastern Europe Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Investment in Russia and Eastern Europe

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: doormouse who wrote (662)	9/10/1998 9:11:00 PM
From: Rob Shilling	Read Replies (1) of 1301

I agree, Primakov looks like a good choice. You may be correct that the western media may portray anything that is not typical IMF policy as a step backward. But, Russia needs to help its people and if printing money is necessary to pay back wages, they will just have to do it. I think we have seen the bottom (if you must forecast, forecast often:)). I think that the ruble devaluing of 300% initially was speculative and driven by panic. The panic was not forced, those who waited would have gotten better rates. I think that the ruble could settle down somewhere near 12 easy, maybe 10 long term. Also, if the ruble doesn't spiral out of control, imports of food and medicine won't dry up and things will slowly get back to normal. The banking crisis will not affect the economy as much as it would in America because many of the banks are essentially just hedge funds. I also think that the devaluation, plus a drop in imports and rising oil prices (up 50 cents today) will correct the trade imbalance quickly. This could show up in September's numbers. So put me on record as saying "normalcy" will come back to Russia much faster than is currently being forecast.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next