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.

Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (23221)	9/27/2007 7:52:33 AM
From: elmatador	Respond to of 217900

Russian liquidity trouble starts to boil banker warned on Wednesday of debt defaults as the liquidity squeeze in Russia tightened following the global credit crunch and interbank lending rates climbing to a two-year high. Russian liquidity trouble starts to boil By Catherine Belton in Moscow Published: September 26 2007 23:35 \| Last updated: September 26 2007 23:35 A senior Russian banker warned on Wednesday of debt defaults as the liquidity squeeze in Russia tightened following the global credit crunch and interbank lending rates climbing to a two-year high. “If debt markets remain closed until the end of the year the situation is going to get very difficult for many banks,” said Oleg Vyugin, chairman of privately owned MDM Bank and former head of Russia’s financial markets regulator. “There could be some defaults. The Russian rouble bond market is not working.” Overnight lending rates in Russia climbed to 10 per cent, the highest since mid-2005, even after the central bank on Wednesday pumped an additional $2.56bn into the banking system via two one-day repo auctions. Traders and bankers said the spike came as companies and banks prepared to make a monthly round of tax payments and primed their accounts to meet central bank requirements in time for end of third quarter financial reports. “Banks are not lending to each other,” said Alexei Yu, a fixed income trader at Aton brokerage. “But it is largely due to internal reasons. Tax payments are falling due at the end of the month and at the end of the quarter, banks must bring their accounts in line with the regulations of the central bank. By the beginning of October, the situation will ease.” The Central Bank was also forced to pump liquidity into the system via repo auctions at the end of August after foreign investors fled Russian money markets amid the flight to quality following the US subprime crisis and tax payments fell due. Russia racked up more than $5bn in net capital outflows in August. Russia’s commodities-dominated stock market has been seen as a safe haven for investors seeking relief from the global financial turmoil as oil and metals prices continue to climb. Russia’s RTS index closed 2 per cent higher on Wednesday, but Russian bond markets have taken a battering after global hedge funds fled and jitters rose over refinancing risks for many Russian companies and banks, which have borrowed heavily on international markets, due to the worldwide credit squeeze. Mr Vyugin said he believed the liquidity squeeze could reach crisis point by the end of the year when many Russian companies and banks are due to make payment on corporate bonds. “This will be a serious test,” he said. “It all depends on the readiness of the central bank.”

To: TobagoJack who wrote (23221)	9/27/2007 3:11:43 PM
From: energyplay	Read Replies (1) \| Respond to of 217900

I expect the KMT and PRC may propose their own referendum, maybe a 10 year phased plan for unification, based on a deal similar to Hong Kong. Many more details to be worked out for Taiwan, military integration, pensions, financial privacy, courts, contents of museums, etc. As for the global taxation idea, I expect the PRC to keep a close eye on the socialists... The PRC has a much bigger carrot than it used to have. It is not to the level of the EU, where countries will jump through hoops to be allowed to join, but it is a big carrot. Taiwan has lots of skilled people, overseas assets, etc. and is already heavily integrated into the mainland economy. A referendum victory on unification would reinforce the "mandate from heaven" of the PRC government, something they seem to worry about. We could speculate that a unification referendum is what is being planned, and the DPP is being given enough rope....

To: TobagoJack who wrote (23221)	9/27/2007 10:00:16 PM
From: Maurice Winn	Read Replies (2) \| Respond to of 217900

TJ, Japan thought it was a good idea to take over Taiwan. They thought a Greater East Asis Co-Prosperity Sphere was an excellent idea. China now thinks it an excellent idea that they show those silly Japanese how to do such things. Hubris, arrogance and overweening self-importance are popular human conceits when things have been going well for a while. Japan ended with a completely renovated Hiroshima. A fully rebuilt city in China would be a great modernizing effort too. When push comes to shove, major paradigm shift happens. Taiwan would be an excellent UN member. Hu Jintao should occupy his mind with something more constructive than going along traditional routes to demise. <Earlier this month, President Hu Jintao warned that Beijing would stop at nothing to prevent Taiwan moving towards independence. He was responding to Taiwanese President Chen Shui-bian's bid to seek a UN seat for the island, a move widely seen as a step towards Taiwan becoming a fully independent nation. > Stop at nothing? Well, that's a bit hysterical, but probably the translator got it wrong. Here's an idea, he could get excited about 450MHz OFDM cybercerfing. He will like it a lot more than the current foolish TD-SCDMA and War With Taiwan [and maybe a lot more besides]. He can continue the trend, aka accident which is 800 years long, or he can join the teleological process to Nirvana. Make that call TJ. You will regret the blunder. What seems an excellent situation now, can turn to paradigm shift happening. The world is in your hands. AND you get two free cybercerfers. You can have war, economic collapse, chaos, pain, suffering and regret, or you can have peace, light, harmony, happiness, health, prosperity, longevity, fun and love. Mqurice

To: TobagoJack who wrote (23221)	9/27/2007 11:04:37 PM
From: carranza2	Read Replies (3) \| Respond to of 217900

Why not let the Taiwanese, in the spirit of freedom and self-determination, have a one time, winner take all referendum, supervised by Jimmy Carter for fairness, and live by the results, whatever they may be? Let the PRC participate freely in the referendum by pushing its side of the issue, but agree to abide peacefully by the honest result. If the PRC promises Freedom Island No. 2, with slow integration, no oppression, no vengeance on those who wanted Taiwan to become an independent republic and a government much like HK's, it could win the referendum. Those terms would satisfy the world community, prevent war and bad nastiness, and actually be a fair way to resolve the impasse. As I am completely ignorant of the issue, there are no doubt flaws in this suggestion large enough to drive trucks through.