Silicon Investor (SI) -- The First Internet Community

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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Alex who wrote (36034)	6/28/1999 7:34:00 AM
From: John Hunt	Respond to of 116752

Russian Economic Phoenix Rises From Ashes Of August Collapse << A surging trade balance, soaring industrial output and a stable currency: pinch yourself, but this is Russia almost a year on from a financial meltdown that sent the economy into a tailspin. The silver lining to the storm clouds that threatened to overwhelm Russia following the debt debacle of last August was the simultaneous decision to unhook the ruble from its stable dollar peg against the dollar. Short-term the move, coupled with a government default on 40 billion dollars of domestic debt, put Russia's fragile financial sector to the sword. But the ruble's demise -- it has shed 74 percent of its value against the greenback since August -- has also provided a welcome supply of oxygen to Russia's gasping industry, which can now compete in the market place. And with imports suddenly hugely expensive, the domestic import substitution industry is booming ... more ... >> russiatoday.com ***** That was the good news, now for the bad news.... Russia's nuclear war-games << Russia began gigantic war exercises last Monday. Troops from three military districts and the powerful Northern Fleet, together with Russia's Air Defense Forces, maneuvered to evade imaginary Western air and missile strikes. Then on Saturday, Russia's forces turned to launch a mock counter strike. In recent months, preparing for a future nuclear war has been a top priority with the Russian General Staff, which believes such a war is not only possible, but inevitable. Books and articles spelling out the techniques of thermonuclear world war continue to be regarded as classics in Russia's war colleges. The theory and practice of nuclear war did not die with the Soviet Union ... more ... >> worldnetdaily.com