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

To: doormouse who wrote (662)	9/10/1998 9:11:00 PM
From: Rob Shilling	Read Replies (1) \| Respond to of 1301

I agree, Primakov looks like a good choice. You may be correct that the western media may portray anything that is not typical IMF policy as a step backward. But, Russia needs to help its people and if printing money is necessary to pay back wages, they will just have to do it. I think we have seen the bottom (if you must forecast, forecast often:)). I think that the ruble devaluing of 300% initially was speculative and driven by panic. The panic was not forced, those who waited would have gotten better rates. I think that the ruble could settle down somewhere near 12 easy, maybe 10 long term. Also, if the ruble doesn't spiral out of control, imports of food and medicine won't dry up and things will slowly get back to normal. The banking crisis will not affect the economy as much as it would in America because many of the banks are essentially just hedge funds. I also think that the devaluation, plus a drop in imports and rising oil prices (up 50 cents today) will correct the trade imbalance quickly. This could show up in September's numbers. So put me on record as saying "normalcy" will come back to Russia much faster than is currently being forecast.

To: doormouse who wrote (662)	9/15/1998 2:55:00 PM
From: P.T.Burnem	Read Replies (3) \| Respond to of 1301

Primakov is honest, not interested in the spoils, and will hire professionals to try to move it forward. ROTFL. Primakov is every bit as corrupt as his predecessors. That said, a corrupt government is better than no government at all. Let's hope that KGBman Primakov can control Russia's humongous stockpiles of WMD. PTB P.S. Those who believe that Primakov will dispossess the native oligarchy before he robs foreign investors are fooling themselves.