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

To: Real Man who wrote (697)9/19/1998 11:52:00 PM
From: Rob Shilling  Respond to of 1301
 
yea the inflation is not good,

But if you have the cycle of nonpayment broken, you have a starting point. Everybody will be paid and the government's budget deficit should be small. After the Central Bank's reserves rise with the current account surplus, it can intervene on the ruble and maybe get it back to a realistic valuation of 10-12. Then in 1999 with hopefully better oil prices, Russia will start to have a future again.


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