Tuesday, November 18, 2008

Russia - Repeat of 1998 Financial Crisis?

Some interesting segments on Russia:
  1. http://www.cnbc.com/id/15840232?video=930506323&play=1; market panic, markets have been halted many times already, home prices have doubled last year with estimated 30% on speculation

  2. http://www.cnbc.com/id/15840232?video=930579653&play=1; Note on this video segment - last couple minutes the most interesting.... Russian economy; falling oil prices negatively affecting Russian economy, will affect relations with the US - especially on the missile shield issues, Russian people excited about "new era of Obama", social unrest expected due to financial crisis, increased consumer spending due to potential anticipation of currency fall resulting from financial crisis

  3. http://www.cnbc.com/id/15840232?video=930772343&play=1; will we get a repeat of the 1998 Russian crisis? this time different with higher resources and stronger govt, fears of Russian ruble collapse, Russians betting on continued China growth

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