vesicles
Colonel
It'll bounce back, juct like any major economy has done countless times (and I'm actually talking about Russia)...
Resource War/Financial Woes
- Thread starter Delbert
- Start date
It'll bounce back, juct like any major economy has done countless times (and I'm actually talking about Russia)...
bladerunner
Banned Idiot
Buffet has recently spent $34billion? on buying up some American railroad company, whats he spent in Russia?
its gonna come out of the recession. but i highly doubt its gonna be able to return to the 4% growth it enjoyed during the housing market boom. 1-2% growth on average for the next decade prolly,it'll prolly feel a lot worse for the 10% that's out of work. the deficit is a big problem too, dont see any solution to that, its gonna end up driving up the interest rate at some point.
No need for buffet in the Russian Economy. There are a lot of Oligrachs and rich people in Russia who can influence and help boost the Russian economy if they wanted too.
Even is the US economy bounces back, it would no longer be as strong as it was before. Why? A lot of major industries were gone.. Manufacturing went to China, Mexico, Vietnam..
While the services sectors went to India and the Philippines.
Just imagine how many jobs were lost in USA. These industries are also one of the major foundations of a country's economy. Loosing it means losing your foundation.
Secondly with its huge budget deficit, and if they keep on printing dollars... Rest assure you, if one day nobody uses the US dollars anymore it will surely collapse.
The only real difference is that China usually uses its reserves as collateral to raise money from the International Money Markets, but this time has started to spend Capitol when no other funding has been available or has simply been required to act upon its guarantee as lender of last resort.
Otherwise I would say bang on the money (literally)
bladerunner
Banned Idiot
The Oligachs have been severly mauled in the recent financial meltdown. Articles on their depleted fortunes have been printed in most mainline magazines at some point during the last 18months or so.
Besides the remaining ones are investing in interests outside of Russia, A certain Soccer Club, to name one.
bladerunner
Banned Idiot
I think I might follow Chanos for a while, to see how well he doesnt/does make money short selling in Chinese stocks He tends to invest and be prepared to wait a long time. May i say it without offending anyone, the relatively unsosphiticated nature of the mom and pop share market dabblers might work in Chanos favour.
However if he looses money, you better hope he hasn't got any of your 401k money or whatever you call it, invested.
However market analysts suggest that Chinese stock Market shares are well overpriced when comparing their P/E ratio to Western stock markets, so perhaps they will fall and Chanos collects a lot of money.
However if he looses money, you better hope he hasn't got any of your 401k money or whatever you call it, invested.
However market analysts suggest that Chinese stock Market shares are well overpriced when comparing their P/E ratio to Western stock markets, so perhaps they will fall and Chanos collects a lot of money.
Last edited:
This is incorrect. China does NOT have $2 Trillion in US Dollars . Only the idiots in the West think that China is so dumb.
China held $696 billion in U.S. Treasury debt as of Dec. 31,2008. The figures are around $740 Billion now.
In the Global financial circles, one can detect that the China have been quietly disposing themselves of US Dollars via currency swaps and other implicit arrangements .