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 : Investment in Russia and Eastern Europe -- Ignore unavailable to you. Want to Upgrade?

To: Rob Shilling who wrote (543)	8/26/1998 11:09:00 PM
From: Rob Shilling	Respond to of 1301

Here my checklist for getting negative Russian news off the air and giving some hope to Russian stock prices: 1) The ruble finds a level, 7,10,12 something that sticks 2) A lot of Russian banks fail completely 3) The $10 billion in wage arrears are paid 4) The budget deficit shows a big narrowing (hopefully due to the GKO refinance, ruble devaluation, and tax collection) 5) Oil prices get $4-5 dollars higher than their low 6) The Duma makes a few more positive decisions on "austerity" measures 7) Yeltsin, and Victor C. are finished with all sackings and have appointed all new cabinet members 8) The IMF gives out the next tranche of money ($4 or so billion scheduled for September) 9) Intel and Microsoft have big declines in their stock prices :) Have you all checked out Yahoo International news ?? Russia is mentioned about every 5 stories. I still think around $15 billion in help from some international source would help Russia bottom this crisis out if they spent it on wage arrears and debt redemption rather than "ruble propping".