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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: RockyBalboa who wrote (17268)2/4/2009 12:53:13 PM
From: Real Man  Read Replies (1) | Respond to of 71456
 
There was some serious leg work on part of foreign investors
in Russia, which the CB tried to counterbalance. 58 bln. of
that is due to Euro drop. However, given that RTS dropped 80%
already, there is not much additional leg work to do, even if it
drops all the way to 0. The private economy lives off foreign
investors, and the crisis was deep as they ran. Russia's oil
cost is below 40. It is unlikely oil will stay at 40 for a long
time, per Jesse's chart of marginal supply I posted earlier.
Basically, more than a half of supply is not profitable at
this price. It will be shut down.



To: RockyBalboa who wrote (17268)2/4/2009 6:02:07 PM
From: carranza2  Read Replies (1) | Respond to of 71456
 
Moody's has been saying it has doubts about the Aaa rating the US enjoys since at least late 2003. Perhaps longer.

I think ratings are now as much political creatures as they are financial.

If Moody's indeed had doubts in 2003, I wonder how it feels now.


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