Russian Debt Going to Default...
- Thread starter RedSun
- Start date
Guess who will pay for it again? That's right... the US Tax-Payers!
And to further add, this is where every hedge fund who over-leveraged and sold NAKED options will throw up their hands and say it wasn't greed, it wasn't THEIR fault. It was the fault of another 10-sigma event and there is no way they could have seen this coming...
It turns out, some hedge and mutual funds have exposure to Russia. So, bankrupt the ruble and who gets hurt? American investors? Just found out too that the largest pension funds in the US are heavily invested in Russia? So, if you are one of those Americans cheering for these sanctions, you might like to check your pension fund and if you have monies left for you to retire on? Talk about unintended consequences. And if the ruble turns to zero, your pension is worth how much? $0.20 to the $1.00? Maybe, even less than that. Thank your illustrious leader, Joe Biden. Yeah, that will teach Putin.
US taxpayers will bail them out as usual. Our no good politicians will make sure of that.
Yes, all those people who cheerfully put on the Ukraine face do not even know that their wallets or purses are half empty now over the weekend. Some have promised some of their wealth to promote the Ukrainian causes, but did not realize that they do not have the funds any longer.
And margin calls are coming??
And margin calls are coming??
Hedge Funds generally try to keep all unwinding trades and worse disasters a secret. But when they score a huge wind-fall, then you'll hear how amazingly skilled and great they are.
I won't be surprised if I find out that Niederhoffer blew up his fund now for the THIRD time... after this.
I won't be surprised if I find out that Niederhoffer blew up his fund now for the THIRD time... after this.
He can still says that this is out of his control. It is the stupid Putin and dumb Biden.
He is still the smart guy. And he can still raise money and continue to invest.
Actually I do not even know who this guy is.
Niederhoffer is the infamous put seller that has a knack for blowing up .... but it`s never his fault!
on the contrary, CNBC and Investopedia said differently:
"Executives at U.S. banks indicate that they expect to face little risk for major disruptions as a result of international sanctions levied against Russia in the wake of its invasion of Ukraine. The reason is that they have pulled back from Russia in recent years. According to the Bank for International Settlements (BIS), as of the third quarter of 2021, lenders in the U.S. collectively had claims against Russia that totaled only $14.7 billion"
https://www.investopedia.com/us-banks-see-limited-impact-from-sanctions-on-russia-5219964
"However, everyday investors likely own a fund with just a small allocation to Russian stocks, perhaps 2% to 3%." - CNBC
https://www.cnbc.com/2022/02/28/heres-how-us-investors-may-have-exposure-to-russian-stocks.html
"Executives at U.S. banks indicate that they expect to face little risk for major disruptions as a result of international sanctions levied against Russia in the wake of its invasion of Ukraine. The reason is that they have pulled back from Russia in recent years. According to the Bank for International Settlements (BIS), as of the third quarter of 2021, lenders in the U.S. collectively had claims against Russia that totaled only $14.7 billion"
https://www.investopedia.com/us-banks-see-limited-impact-from-sanctions-on-russia-5219964
"However, everyday investors likely own a fund with just a small allocation to Russian stocks, perhaps 2% to 3%." - CNBC
https://www.cnbc.com/2022/02/28/heres-how-us-investors-may-have-exposure-to-russian-stocks.html