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Russian stockmarket down 15% today
- Thread starter Kicking
- Start date
Quote from chasinfla:
markets don't like it when the state interferes with private ownership of property; assets are repriced to adjust for the risks (i.e. risk of seizure, low productivity, liquidation, etc.).
You're kinda on the right track but you are off. Don't think that Russian government does not know what they are doing, their strategy is actually brilliant.
Kicking, MICEX is a blue chips index. It is an interbank exchange trading stocks, bonds and money. Check this site, http://www.troika.ru/ , out.
Quote from Mecro:
You're kinda on the right track but you are off. Don't think that Russian government does not know what they are doing, their strategy is actually brilliant.
Brilliant, like a thug with a machine gun. School-yard bully brilliant.
Abuse of authority is more audacious than brilliant, though. It's braun over brains.
If the day ever comes that someone seizes your wealth just to impress the marketplace, be sure to weigh in on the brilliance of that trick.
Quote from chasinfla:
Brilliant, like a thug with a machine gun. School-yard bully brilliant.
Abuse of authority is more audacious than brilliant, though. It's braun over brains.
If the day ever comes that someone seizes your wealth just to impress the marketplace, be sure to weigh in on the brilliance of that trick.
You might want to check exactly what happened and why before you make assumptions.
IRS does the same exact thing everyday and it's a normal thing in USA.