Article

2008-10-06 Caucasus/Russia/Central Asia

Russia sees financial crisis as end of U.S. domination

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Posted by Fred 2008-10-06 00:00|| || Front Page|| [11132 views ] Top

#1 ION TOPIX > INDONESIA: ASIAN BANKS SAY TO PREPARE FOR WORLDWIDE ECONOMIC RECESSION.

Posted by JosephMendiola 2008-10-06 03:07|| 2008-10-06 03:07|| Front Page Top

#2 Putin is claiming that Russia is in better financial shape than the US. Care to make a wager, Valdimir? With a crashing oil price, your resources are drying up, fast.

Posted by Richard of Oregon 2008-10-06 07:48|| 2008-10-06 07:48|| Front Page Top

#3 Cause: "investors in recent weeks have been fleeing Russia and depositing money in U.S. Treasury bills"

Effect: "The Russian president said in a speech Thursday that the financial crisis in the United States should be taken as a sign that America's global economic leadership is drawing to a close"

If you come to the U.S. and buy insurance for treatment, Dmitri, your delusions can get much better mental health care coverage than even just a week ago.

Posted by Darrell 2008-10-06 11:26|| 2008-10-06 11:26|| Front Page Top

#4 If Russia is in better financial shape, why did their stock market close for several days in a row?

Posted by Frozen Al 2008-10-06 12:39|| 2008-10-06 12:39|| Front Page Top

#5 I believe him. I also believe that water isn't wet, sky isn't blue.

Posted by DarhVader 2008-10-06 14:28|| 2008-10-06 14:28|| Front Page Top

#6 Russian ETFs are off 24% today (so far).

Posted by ed 2008-10-06 14:37|| 2008-10-06 14:37|| Front Page Top

#7 Dollar has been climbing steadily for awhile. Moreover, Oil has dropped below $90/barrel. I'd say the Russian economy is the one in trouble should oil continue to fall.

Posted by Woozle Unusosing8053 2008-10-06 18:00|| 2008-10-06 18:00|| Front Page Top

#8 the whole Russian stock market together has about the same value as Home Depot Inc. and Loew's combined.

Posted by mhw 2008-10-06 19:28|| 2008-10-06 19:28|| Front Page Top

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