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Thread: Russian stock exchanges take a tumble over Crimea conflict

  1. #11
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    Re: Russian stock exchanges take a tumble over Crimea conflict

    Quote Originally Posted by Rainman05 View Post
    If the US pushes for trade sanctions or restrictions or anything on Russia, you won't just have the US do that. You'll have a lot of other nations, like Mexico, Japan, etc.
    If the EU pushes for trade restrictions, as I said... the EU is Russia' biggest trading partner by far and anual trade is almost 10% of the GDP of Russia while less than 1% of the GDP of the EU. Cut that down by half and Russia loses, basically, 5% of it's gdp. Chop the trade of goods and services and Russia's export drop by 75% or more.

    The EU becomes more and more energy independent with each passing year.

    I don't deny that Putin makes calculated risks, I don't like the man, but I don't underestimate him. But yes, I do believe that what you say, psychologically, it is true, Putin does put national agenda over market considerations... but that's a fallacy because due to the fact that Russia is an underdeveloped market, the market can hit harder and the effects will be all the more crippling.
    Personally, I hope you're right and that the sanctions and other non-military measures that will be adopted will bring things back to the status quo ante in Crimea reasonably quickly. Unfortunately, I don't think that will be the case. Regardless, I do believe tighter NATO integration among existing members is needed to provide concrete security assurances to NATO's Eastern European members and to impose constraints on Russia's strategic flexibility in that area.

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    Re: Russian stock exchanges take a tumble over Crimea conflict

    This also pushes people to war, and war has also been known to help people out of (or push people deeper, it depends on how things go) financial trouble.
    Killing one person is murder, killing 100,000 is foreign policy

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    Re: Russian stock exchanges take a tumble over Crimea conflict

    Quote Originally Posted by Rainman05 View Post
    Here's another source:

    BBC News - Russian rouble hits new low against the dollar and euro


    I love this picture:
    Does all this mean that Putin is no longer Europe's wealthiest person and will now die poor?

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    Re: Russian stock exchanges take a tumble over Crimea conflict

    Quote Originally Posted by joG View Post
    Does all this mean that Putin is no longer Europe's wealthiest person and will now die poor?
    He never was the wealthiest in Europe...

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    Re: Russian stock exchanges take a tumble over Crimea conflict

    Quote Originally Posted by Rainman05 View Post
    He never was the wealthiest in Europe...
    Really? Who was ahead of him? I had seen a ranking recently that put him at $ 75 billions.

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    Re: Russian stock exchanges take a tumble over Crimea conflict

    From the BBC concerning the UK's response:

    The government will not curb trade with Russia or close London's financial centre to Russians as part of any possible package of sanctions against Moscow, according to an official document.

    The document, which was photographed as a senior official carried it into a meeting in Downing Street, says that "the UK should not support for now trade sanctions or close London's financial centre to Russians", while it confirms that ministers ARE considering - along with other EU countries - visa restrictions and travel bans on key Russian figures.


    BBC News - Ukraine: UK rules out Russia trade curbs?

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    Re: Russian stock exchanges take a tumble over Crimea conflict

    Just a day layer, global financial markets are stating a recovery. The recovery extends to Russia's financial markets.

    Putin ends army exercise, Russian markets rally despite Ukraine tension | Reuters

    What happens going forward will depend on what happens in Ukraine. New acts that increase uncertainty would lower markets. A more stable situation would leave more conventional factors to shape the markets' trajectory.

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    Re: Russian stock exchanges take a tumble over Crimea conflict

    And the markets may be why it ended too.
    Interesting how the planet has changed in the last decade, even half decade.
    A Coherent, mainly financial, take on how quickly the world can react.
    Russia is now connected and affected.
    Different than Putin's KGB days.
    I like 'The Daily Ticker' vids.

    4 min
    Putin blinks, stocks rally: Ukraine crisis shows power of global markets | Daily Ticker - Yahoo Finance
    Last edited by mbig; 03-04-14 at 03:51 PM.
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    anon

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    Re: Russian stock exchanges take a tumble over Crimea conflict

    Meanwhile, back in the USA, the DOW is up 213.69 at the time of this post.

    Go Team USA! Go Obama! Woooohoooo!

    It's GREAT to be me. --- "45% liberal/55% conservative"
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    Re: Russian stock exchanges take a tumble over Crimea conflict

    Quote Originally Posted by Montecresto View Post
    This also pushes people to war, and war has also been known to help people out of (or push people deeper, it depends on how things go) financial trouble.
    Or both....

    Bush's wars threw us into a tailspin but since he left, my stocks have skyrocketed.

    But that can change in a drop of a hat. I'm knocking on wood.

    It's GREAT to be me. --- "45% liberal/55% conservative"
    Diplomacy is the art of saying 'nice doggy" until you can find a gun.

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