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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 671.910.0%Nov 14 4:00 PM EST
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To: bearshark who wrote (12462)4/30/1999 9:24:00 AM
From: Les H  Read Replies (1) of 99985
 
OT -- I thought the loan basically is a bookkeeping entry. It just avoids immediate default on the old loan. No new money for the economy, no new money for the government, and no new money for the corrupt oligarchs. It's up to the other foreign creditors to reschedule other loans. Everything is still contingent on Russia enacting reforms and restructuring their banking system. Meanwhile, they still need money to develop their natural resources.
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