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Strategies & Market Trends : Mike's Big Adventure Trading Forum -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (56)	6/7/2003 3:40:01 PM
From: Joan Osland Graffius	Respond to of 1791

ild, If I wanted to own high risk emerging market debt I would buy TEI as my experience with Templeton is they are nimble and can get out rapidly. Jimmy Rogers who has recently been on the ground in Russia feels the country is not a place for his money and I am going to follow his advise. As a small investor I would not buy any of this debt directly, but I do feel comfortable directly buying New Zealand, Australian, Canadian and Norwegian government debt. I may get killed, but I sleep better with owning this debt than US obligations.

To: ild who wrote (56)	6/7/2003 8:38:32 PM
From: Square_Dealings	Respond to of 1791

Russian debt - Maybe thats a good idea. Looks like Russia is significantly increasing reserves instead of approving 2x deficit spending like US. Check it out. Note also Russia has a fair amount of oil and precious metals to trade with. _____________________________________________________________________________________________ 2003-05-31 15:08 * RUSSIA * PUTIN * EURO * CENTRAL BANK DECIDES TO KEEP PART OF RUSSIA'S GOLD AND HARD CURRENCY RESERVES IN EUROS ST PETERSBURG, May 31 (RIA Novosti) - Russia's Central Bank has decided to keep part of Russia's gold and hard currency reserves in euros. This was announced by Russian President Vladimir at a press conference after the Russia-EU summit. In Putin's words, at the time when he became Russia's president 3 years ago, the gold and hard currency reserves stood at 11 billion dollars. "Now they amount to over 61 billion," Putin added, noting that these reserves were constantly growing. The European Union is a major trade and economic partner of Russia, Putin pointed out. "As the EU expands, in case we overcome difficulties in economic interaction, our trade turnover will be growing," he stressed. According to the president, this will certainly lead to an expansion of the euro area in Russia-Europe relations. "This is an inevitable result of our interaction's expansion," the Russian head of state believes. Answering journalists' question about which currency, the dollar or the euro, he preferred himself, Vladimir Putin said with a smile: "The rouble."