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

To: John Liu who wrote (660)	9/10/1998 3:05:00 PM
From: Rob Shilling	Respond to of 1301

John, the ruble shortage has not been explained exactly, But, mathematically the rate should equal the number of rubles divided by the number of dollars. Since this rate should be closer to 10 or less (according to Soros), the people that paniced and sold at 20 to the dollar, may have contributed to the shortage. Also apparently the banks have been paying off ruble debts after weeks of non-payments. There was also a rumor that Gazprom was buying up rubles to pay its monthly tax bill. The new PM should easily be voted in. The uncertainty has now dropped and that should help the economic and stock market situations. The new PM is liked by the west, he will follow reforms to a point, and he is not aligned with any one political faction.

To: John Liu who wrote (660)	9/10/1998 8:50:00 PM
From: doormouse	Read Replies (2) \| Respond to of 1301

Primaokov is the best news. Cherny would have just divied up what's left amongst his cronies. Primakov is honest, not interested in the spoils, and will hire professionals to try to move it forward. And moving forward may entail a few moves that could be interpreted as "moving backward," but remember, this is Russia. With no doubt, western media will have a field day casting aspersions on "Russia's backward moves," but pay little heed. It's bad news for Berezovsky and the plundering oligarchs... is not unlikely that there will be re-privatization and then re-auctioning of some former state assets under international eyes. The run on rubles,,, simply, when a currency is devalued 300% in a couple of weeks, they run out of paper, because it takes 3 times more to do the thing, and they did. That's as much of a conspiracy even a Russian needs consider.