This page has been archived and commenting is disabled.
Russia Shocks With Emergency Rate Hike, Boosts Interest Rate From 10.5% To 17%
Following the biggest rout to the Ruble in ages, Russia - unlike Mario Draghi - instead of talking the talk decided to walk the bazooka walk and shocked all those long the USDRUB by unleashing an emergency rate hike (at 1 am in the morning) from the recently raised interest rate of 10.50% to... hold on to your hats... 17.00%, a 650 bps increase!
From the press release:
The Board of Directors of the Bank of Russia has decided to increase from December 16, 2014 the key rate to 17.00% per annum. This decision was driven by the need to limit significantly increased in recent devaluation and inflation risks.
In order to enhance the effectiveness of interest rate policy loans secured by non-marketable assets or guarantees for a period of 2 to 549 days from 16 December 2014 will be granted at a floating interest rate established at the level of the key rate of the Bank of Russia increased by 1.75 percentage points (Previously these loans for a period of 2 to 90 days, provided at a fixed rate).
In addition, to enhance the capacity of credit institutions to manage their own currency liquidity was decided to increase the maximum amount of funds to repurchase auctions in foreign currency for a period of 28 days from 1.5 to 5.0 billion. US dollars, as well as on similar operations for a period of 12 months on a weekly basis.
And for the Russian-speakers, the full breakdown of rates.
Few markets are open but the 1month forward Ruble market just dropped (Ruble rallied) over 2.5 handles...
RSX (ETF) is starting to rally after-hours...
Chart: Bloomberg
»
- 103198 reads
- Printer-friendly version
- Send to friend
- advertisements -
can I get 17% on shale bonds yet?
No they capped it at 12.5% upside only. Downside, whole different ball game...
Heads they win, tails they shove the bat right up your arse.
Tomorrow.
This is way beyond "Currency Wars", boys & girls.
This is "Financial Wars": The next chapter in "Piecemeal WW3. A war that makes a full meal out of peace"
Better plan for stormy weather and 'rough sex' (getting it where you don't want it):
A really bad case of Trickle Down and a boot up the rear end. As a "Thanks for All You Do, this Kick's for You! - luv your Oli's".
Obama wants another Nobel Peace Prize.
Nobel 'Ni66a puleeze' Prize maybe.
They had two choices--
Raise the rates or blow their fx reserves vainly defending the rubble.
Once this strategy fails, and it will eventually after a short sucker bump, they will have to get back to blowing their fx reserves.
Major panic. Sorry to say for the Russian people, no matter what I think of their rulers, this is very bad news.
Rather than letting Grandmaster Putin hold your gold for you, better hop over to the CB and withdraw your individual share of the pile while it is still inside Russia.
Ukraininan gold... Meet Russian gold.
Keep dreaming... that's all that is left for losers like you.
1/8th of the accumulated financial capital of the country just got vaporized. Everyone in Russia just got a 13% pay cut. Interest rates just went up to a level known by the technical term of "Jimmy Carter".
You think this is nothing to worry about?
Okay, then just wait. Let me know when you do think it starts to be a problem. Not until its your bank acount, your paycheck and your mortgage, right, slick?
As a matter of fact I would invest a couple of grants in one of their commercial bank accounts right about now. You only get the pay cut if you need to exchange your rubles in USD. They don't, not in every day life. They work for state, or state related jobs for the most part, so their jobs are not all that threatened. The 17% interest will sure attract a lot of savings in the banks (which will pay MORE than the re-financing rate...). They'll probably travel less in the West, and vacation more in Crimea. You seem to forget that after Carter came Reagan, and the economy did GREAT in less than 4 years...
On the other hand, NEGATIVE rates on bank accounts are a problem for normal people, right here and now ! But at least I don't care about any stinking mortgage...
Western Europe, we don't want your worthless fiat currency any longer, we demand you pay for all your oil and gas imports in gold and rubles,
regards,
Russia
Western Europe, we don't want your worthless fiat currency... (We want to be paid in our own even more worthless currency.)
I just got off the phone with Western Europe and they say... DEAL!!!!!
regards,
Western Europe's agent
Looks like the rouble is in trouble.
price of a loaf of bread in Moscow just went up 34%
can't win this way, Putin
default on all debt held by IMF and is $ denominated, convince others within your sphere of influence to doing the same
that is why the US is scared shitless of Putin, nothing else
IMF loans just go to the MIC. Russia can still raise dollars through NASA and the ISS in theory.
Could start dumping entire rockets on the open market I guess...
Very good rockets of course....
Not sure I'd default in Russia's case, but unless their Chinese and other BRICS "partners" are prickless BRICS-pricks (all talk no action), Russia has little or no choice left but to stop playing Softball against US's Hardball.
They need to back their currency with real assets: Gold or Oil. If I were them, I'd back the Ruble with Oil & Gas (Energy), and insist on payment in Gold or Rubles, not CNY. Unless they sell to China.
You're missing a very big piece of the story or conveniently avoiding it.
***CHINA***.
dup
And what is average price loaf bread US?
Russia?
still some to go...
They want to reduce the quantity of roubles inside russia.
The goal is to make russians buy russian bonds now, thus effectively extinguishing roubles from the market, hence making it stronger
Blast those manipulating commies !!
Putin is a nationalist, not a communist
Blast those manipulating nationalists !!!
He's neither a nationalist, not a communist, but never mind.
Perhaps he refer to Fed
Chairwoman Nabiullina could end up being the greatest central banker in the world.
We'll see. I think the move is brilliant.
We'll see.
It gives more time to Putin to prepare for war, by subduing any quick anger coming from russians losing their savings
Nabiullina will get laid off any time now... and the ruble won't float for too long.
slow down there ... these guys have been around much longer (centuries?) than Nabuillina or whoever ...
Further step toward gold-standardization of Russian currency?
Apparently The Putin decided that the bare chest strategy would not work....
Now, if only the world were like the Putin, ManCrush club....
I can't help but wonder how much George Soros is profiting from the destruction of the ruble.
Looks like foreign investors globally may have just found themselves a nice place to hide their fiat at this return rate...certainly beats the near 0% the rest of us peasants are getting. Rewarding savers should always be encouraged as opposed to punishing them like her in the U.S. Print of A.
John McCloy?
(shades of christmas past....S must really be about to HTF)
"Looks like foreign investors globally may have just found themselves a nice place to hide their fiat..."
Let them eat High Yield™
December 15, 2014. The day the US dollar died.
Didnt that happen like 100000x times already, according to ZH posts? I swear every week someone posts something about how USD will crash, yet your furher's Putlers currency is down USDRUB 76-77% YTD.
The dollar will collapse as soon as we run out of zeros.
Hehe, I remember when ruble was in mid 40s, I told you all Putler fanboys on here to short Russian market and that their economy is in a total shithole. Most of you made fun of me. You also mocked that White House speaker which said that it was a great time to short Russia, RSX was around $24 back then, now it is under $14. Countless posts on here mocking that guy. Guess what you would have made a very nice return by shorting Russian markets....Down goes Russia.
I actually find it hilarious how wrong you all Russian nutters are, how any of you still got money is a mystery. Articles on how great Russia is almost every day here, how gold is going to $5000 for years, how US stock market is gonna crash along with USD dollar anyday now...on all of them if you did the opposite you made money lmfao.
You have not seen anything yet with Russia, just wait till Russia goes into default with their 10%+ inflation, stagnant wages and worthless ruble.
Just wait till everything degenerate and get a white flash right over Washington DC, you neo-con are playing with fire here you are not playing with Afghan in pajama here.
Problem with most of you guys is that you get news from RIA and RT, which are state sponsored Russian news agencies, as someone who lives next to Russia, reality is totally different from what they report. People dont have any money for food anymore, their wages are stagnant while inflation is starting to run wild with 10%+ official data, which we know does not reflect the reality.
Where is Kitty Hitler in all this?
Problem, the people will blame more the West instead of Putin you live next but don't know the Russian mind, the Russian have CLEARLY identified that their country are under ATTACK from USSA, this is a serious casus belli. Don't play with fire little boy.
It makes good laughing, because RisingSun is another Latvian Potato Troll.
Too bad viedoklis was given the boot. That little kazu draazejs has real net.kook potential.
viedoklis was kicked? officially?
I assumed his nervouse breakdown escalated
I believe he did have the boot applied.
Good theory with high probability.
Of course, the possibility can not be excluded that he fell into one of the outhouses he was cleaning.
I was wondering where you went to....I thought Tyler might have given you the boot.
You do realize gold is up 75% in ruble terms just this year dont you? Not a bad hedge for the Russians who follow this site.
Bay of Pigs, thats right, because most people want to buy Gold in ruble terms, what are you Gartman now? No need to buy gold, just buy USD/RUB same return.
Hogwash. It is not the same thing at all. In time, the USD is going to get creamed by gold, just like ALL fiat
Ok I will play along...how many (regular)Russians will buy gold in ruble terms? Most of them are now unable to afford to buy food, inflation is 10%+, wages are not increasing, their buying power is going down everyday in ruble terms. People will not trust ruble anymore, their savings got wiped out yet again for 2-3rd time in less than 20 years. Unlike scaremongering about USD collapse, these people have seen it first hand, in 1996-1997 and now in 2014.
"Inflation is rampant in Russia, and the collapsing value of the ruble has triggered panic-buying and food-hoarding among ordinary Russians.Food prices in Russia will have shot up by 25% over 2014 as Russians' confidence in their country's future starts to evaporate, according to the Association of Retail Companies (ACORT).
----
One Muscovite told Business Insider that ATMs in the city are being routinely emptied by people eager to withdraw as much cash as they can, either to change into dollars or purchase goods with before the ruble's value falls even further. He said the mood there is unlike anything he had ever seen, "including during the crash of 2008-9".
http://www.businessinsider.com/price-inflation-in-russia-as-people-hoard..."
Just one of the examples. Since Russia pretty much depends on all kinds of imports to fully operate, especially in tech, regular bussiness and people can not buy those things anymore, since prices have skyrocketed. They improt a lot of meat also.
Business Insider? Seriously? I just went over there last week and blasted some dumbshit reporter for posting pure propaganda on Russia selling their gold.
Pot meet kettle? Is that your game RisingSun?
Please let me know which news agencies you approve, so I can post something from a source that got Bay of Pigs approval, RT & RIA are legit, am I right? Anything else?
My point being is that BI constantly bashes Putin and Russia. I just went over to check on that article on Russia selling their gold and guess what....it's been pulled. This was the author, and look who she used to work for. Can you connect the dots now?
http://www.businessinsider.com/author/elena-holodny
Those numbers that I posted regarding inflation and food prices are widely accepted, even by the Russian media. You just have to google them and you will find many sources reporting it.
I have no beef with you on inflation rates. It is raging everywhere around the world with the ongoing CB printfest.
USA is still on pace to add another trillion to the debt pile this year.
Bay of Pigs
You must be living in the Western world. You probably never lived in 2nd and 3rh world nations; otherwise you would understand RisingSun points.
It’s obvious that Russia is taking to the Americans, fighting the Americans financially.
Not sure what is said behind closed doors. Not sure what BRICS, especially China will do next.
But again, this is huge for Russia. Kudos to them.
Russia knows that the Federal Reserve is unable to fill any of its roles other than to continue to monetize debt.
So will they, after all, Russia has resources that Europe and Asia needs.
b.b.because I say so !
Food price has raised in Russia, as it did in USA because of the California Drought
And guess what ? No revolution yet !
Yes food price rose in Russia, but anyone blame USA for it, not Putin. Sanctions has just finished western-backed opposition.
You want make claim, put the links here...
and not BI, Bloomberg, other biased...
American spend 6.7% of their income on food while Russians spend 30.1% on food.
The largest number of paper $100 bills are held inside the territory of the Russian Federation.
Show some proof the 6.7%
That would be $2000 from $30K income and $167 month, $42 week
Food Stamps is more than that
Did include Food Stamps and other?
50 million or more Americans are on food stamps. Congress voted to affirm that American citizens have fewer rights than illegal aliens.
https://www.youtube.com/watch?v=jr1qKuz0FMY
They should get advice from George Osborne about food banks. You never get the real picture from State TV BBC controlled by the Government and funded by taxes
@ RisingPun
"People dont have any money for food anymore, their wages are stagnant while inflation is starting to run wild with 10%+ official data, which we know does not reflect the reality."
Have you been to the U.S. lately?
Don't know about Russia defaulting on their debt but with such a low debt to GDP ratio in Russia (I believe less than 30%), they are going to have some flexibility with the debt. I'm not saying everyone should go out and invest in the Rubble or Russia bonds but at these rates, with significant natural resources, strong ties/relationships into the Asian trading zone, Allies building around the world from US bullying, and a number of European countries still tied closely to Russia in trade (e.g., Germany), to think that Russia is going to fail is a very short sighted assessment.
Of course, anyone that doesn't realize the US has already defaulted on their debt is completely clueless or a SFB. With basically zero % returns on bills and roughly 2% on 10 years, the US is effectively defaulting on its debt by not paying the holders anything. Let's not also forget the $100+ trillion of off balance sheet obligations the US is on the hook for which now, much to my surprise (not), includes bank derivative exposure. The US is outright stealing from its citizens and yet absolutely nobody seems to care or give a shit. Yeah, like I want to receive less than 2% on US debt when my effective inflation rate (i.e., higher education, healthcare, food, etc.) is well over 5% and really closer to 8 to 10%. Screw any decrease in the price of gas as this has no real impact on my monthly expenses/costs.
Again and I've stated before, the world is witnessing living history on the financial/monetary front. The western philosphy is to let the CBs play god, run wild with currency printing, and do everything possible to give away money at basically zero cost. The East is focused on resource accumulation, actually having to adjust and establish real rates for the use of capital, and the development of long-term trade relationships that will develop growth well into the next decade and establish the Asian trading bloc as the largest and most powerful in the world (from India through SE Asis and China into Indonesia and Russia).
No doubt the Russian economy and currency is like the old wild west as it's going to be quite a ride for a while. But given the current rates of returns being offered and the long-term strategic positioning of Russia to the new world, it might be time to enter into the fray. Hell, everyone thought I was crazy accumulating gold back in the late 1999's but I was focused on the next ten years, not the next ten days. And make no mistake about it, Russia and China are two allies (if the join forces) the West does not want to tempt with poor judgment and arrogance as Europe is flat broke with no appetite for war and Japan is completely BK with no military to speak-off.
As the old saying goes, be careful what you wish for as you may get it. Yes, the US is probably revelling in Russia's current financial problems but creating this type of instability is going to come back to haunt the US ways nobody can even begin to imagine. For proof, just look at the complete and total mess in the Middle East. The US has be been dabbling in the Middle East for as long as I can remember (50+ years) and about the only outcome is enraging the Muslim community even further to a point of actually creating a formable enenmy (ISIS).
So I'm looking at ten years and where the global economy will be and the strongest countries. For me, the growth is in the Asian trading region and while the ride may be bumpy, at these types of returns, its probably time to risk a portion of the "nest egg" and help out Comrade Putin in his quest to level the playing field and hopefully and eventually push the US to have to pay real rates of return on my hard earned capital (and not continue to rape me at will).
The mess in the middle east is what the US wanted. Iraq is just what the US wanted it to become. ISIS is a masaad/CIA construct. Everything is going rather well in their minds.
The Saudis offered to pay for it according to John Kerry.
If they didn't pay up front, Kerry needs to be bitchslapped with a wet carp with a rock in it's mouth.
IF they paid upfront, Kerry needs to be waterboarded at Gitmo along with the CIA that funds Kieve Nazis $5 billion of our taxdollars.
you think stopped at $5B ?
it is ongoing....
An interesting form of torture. You reading this Dick Cheyney.
Sorry, but China owns 12% of the FED banking system through those troublesome CBs. The US and China are connected at the hip. Also Dollar, Inc has spent 100+ years building their franchise, they are not going to throw away their franchise. The dollar will collapse as soon as we run out of zeros. I hate it too, but the posh kids always win.
Yeah, and I bet the Roman Empire along with countless other so called "reserve currency" countries felt the same way over the past 2,000 plus years ranging from Portugal to Spain to England. All were guilty of the same stupidity and lack of long-term vision as they over leveraged their empires, financially, socially, and militarilly, and in the end, after running up debts that could never be repaid, finally collapsed as the their aggorance, greed, and corrupt state could no longer survive. It wasn't a matter of zeros at all that spelled the finally demise of these once great countries (along by adding zeros, it certainly accelerated the process), it was plain and simple "Denial" as to the condition they were actually in.
And BTW, your 12% calculation is incorrect. China actually owns 100% of the Fed now as the 12% stated ownership along with probably 2 to 3x control through other avenues and channels, gives them complete control. Period. If the US wants to keep Russia in check, then all's they need to do is turn to Uncle Benny (character from the 4th Lethal Weapon movie) in China to cut the deal.
But make no mistake, China is very clever and most likely already realizes that 50% of their note holdings in US debt are worthless. So even though then own approximately $1.2 trillion of US debt, at best they'll probably net 50% or maybe a little bit more if they play their cards right. Quite possibly, the could look to unload let's say $200 billion over the next couple of years by directly buying critical assets around the globe. No need to convert the Bills/Notes/Bonds into cash as you simply settle direct, with US Debt which is nothing more than another form of currency as it is printed at will, backed by nothing other the faith, and most of it yields basically zip (so no different than the FRNs). Let's stick someone else with these IOUs in exchange for real assets. So now where' down to $1 trillion which at best, maybe they get 50% on down the road (or more if they really have Washington by the balls).
So what's a $500 billion hit to China, well 5 to 6 years ago it would have been a huge deal. In about 5 to 6 years, when the Chinese economy is much larger and their influence on a global scale much more extensive, taking a "hit" for $500 billion will amount to nothing more than chalking up an added marketing expense, a necessary cost incurred to brand China and it's currency as the new reserve status, taking their place in history. Everyone that operates a business understands that you need to spend and create brand awareness to generate sales and intangible value.
Quite possibly the greatest con of all time pulled off by the Chinese, target valuable and real assets that are surpressed as a result of being valued in USDs. Remain patient, very patient, let someone else take the fall and hardship (right now, Russia and the emerging countries) and sit tight, waiting for the right moment to strike. Then finally, when they've alligned all of their chest pieces for check mate, they go for the kill. Maybe they sacrafice the "Knight" Russia playing piece to ensure long-term victory along with some other pawns (including North Korea) but it really won't matter as they've already won the game by controlling the board. This may take a while longer for China, maybe 3 years, maybe 10 years or hell, maybe even 30 years but they think with a very long-term mindset and play only when needed, all the while, expanding their position.
So down the road, let's say in 15 years or by 2030, when China's economy is approaching $30 trillion (works out to about 4% annual growth rate compounded assuming a $17 trillion economy today), $500 billion in old US paper really isn't going to make much of a difference (1.7% of their GDP). Best marketing dollars they properly will ever spend as by holding up the US debt market, while providing the economic footing to build a sustainable economy, and pulling off the greatest scam on earth (USDs/US Debt for real assets), they are positioned to strike their number one enemey, that is the US, and go for the kill. They played it perfect and adhered to one of the oldest rules out there. Keep your friends close but your enemies closer. Case in point, owning $1.2 trillion in US debt.
the wealth is never destroyed. it's transferred. follow the money as with money also the power is shifted. all these empires have died but the reality is the oligarchs just like to change the carriages. the empire is still alive and stronger than ever though the lineage is a bit obfuscated.
The diminutive Putin (5 feet 5 inches without his shoe lifts) is on his way out. Psychopaths typically overplay their hand since they are convinced of their own superior capabilities... everyone else is stupid and easily fooled.
Once again, ZH has taken the losing side in the trade.
On a related note… what happened to the “peak oil” collapse that ZH had promoted a few years back? Gee, it didn't seem to work out, did it?
ZH has become my favorite contrary indicator. Keep up the good work.
The diminutive Putin (5 feet 5 inches without his shoe lifts) is on his way out. Psychopaths typically overplay their hand since they are convinced of their own superior capabilities... everyone else is stupid and easily fooled.
Once again, ZH has taken the losing side in the trade.
On a related note… what happened to the “peak oil” collapse that ZH had promoted a few years back? Gee, it didn't seem to work out, did it?
ZH has become my favorite contrary indicator. Keep up the good work.
You only needed to post once in order to confirm your ignorance.
I'll miss his man-boobs.
Best. It shows how fappars* love to work in duos.
*fairies against President Putin and Russia
You're poking their god in his eye.
Your god is Obama and Soros.
...and everyone knows which 'eye' Obama gets poked in.
Rising Sun,
The Putin lovers here were sold with the first viewing of Putin on that white horse riding shirtless. They write more and more in support of the king of kleptocrats, hoping to be chosen for a one night love session with their idol.
BTW, is RSX still a short on any bounce from this rate action?
17 % ? OMFG ! here you get negative rate. I wonder how they pay interest ? Printing ?
Defaulting on USD debt and bleeding the foreigner investor will be a better strategy, now this is full war, so be it and do it Vlad.
Vlad's key defensive move is to roll over and fart. He's got undeniable moxie!
Why would they kill their own economy? Why not just insist that payment for their oil and gas be made in gold?
Europe is not in a position to refuse. Surely they realise this?
Shirley you can't be serious!
I am serious - and quit calling me Shirely !
I quit reading ZH months ago due to the endless stream of pro-russia and pro-china posts. This is my victory lap.
And your point is what?
The more downvotes a post accrues on this board, the better the idea is.
Getting 17% on your money is bad...how???
Frankly I'm trying to figure out how to get a slice of that.
Let us know when you pull that off, and best of luck.
'The more downvotes a post accrues'...
Tyler: Consider ZH 'circuit breakers': 25-plus downvotes suspends you for 3 hours, 25 more after that and you go home for the day, 100 in 5 days, go home for a week. Computer monitored board cleanup.
But that would deprive readers of the most entertaining net.kook commenters.
It's still bad if inflation is more than 17%
But you read it today .....
LOL, yea sure.
He's as credible as 'Yats' or Porkoshenko.
Between Greece, Cyprus, and now Russia, it's getting hard to decide where to put my money for that "rock solid" yield in government paper. What could possibly go wrong?
www.traderzoo.mobi
where is Zero Hedge Boris? He ok or drinking vodka in misery?
He just raised the interest rate to 17 percent and needs his rest now...
Your move, madam Yellin....BTW that is check, and mate..
Duhhhhh....so can I eat da checkers or what??
Beriozka Shops from Soviet days will return with a vengence with currency traders on every corner.
Sorry to be a pain, but could someone please tell me in little words what it all means, I am not a financial person, and why is it good or bad for Russia.
Thanks.
It is not bad for Russia - the ruble has been under speculative attack as the oil price has dropped. Today was a huge 10%+ drop in the ruble against the dollar. Russia has been trying to intervene by buying rubles, but that is generally not worked to stop the slide. Thiss an action that Russia hopes will break the back of the speculators. I expect to see a few other actions too. Nothing is free, by raising rates Russia defends the ruble, but it may also slow their economy as borrowers will need to pay higher rates. My guess is that the threat from speculators was the gger threat.
Yes, but then again the Ruble is now worth something...
Unlike the ZIRP-dollar.
Yes the ruble is still worth something.
Not long ago it was 25 rubles to buy 1 ZIRP dollar.
It now takes about 60 rubles to buy 1 ZIRP dollar.
Buy all the rubles you want. Rememberm you don't lose anything until you try to sell them (buy something with them).
You must be one of those who profited from holding gold as the price in ZIRP dollars declined from 1800 to 1200. It must be magic.
Generally speaking: You can buy russian paper that pays 17% interest but you have to pay in rubles. So this move is hoped to stop the sale of rubles for dollars.
So Tyler and all. I'm guessing we have entered what some term "fourth generation warfare" and are presently in WWIII, correct? The difference with this war is that citizens won't be too interested in helping to build bombers and tanks, but rather building their prepping reserves. What a sad state of affairs.
Everyone is busy buying penny stawks to make $70 million. They heard it on the Blowhorn.
what about all the unconstitutional tax deals that corporations and individuals get cut? like property tax, even sales tax, etc...
LOL. Russia is truly a government and power for and by the people. Fuck the NATO longs that are naked and highly leveraged short the Ruble. Money to the prudent savers!!! LOL again.
I think it's pronounced ZATO. The Zionist Anglo Treaty Organization. Some call it the Rothschild's army.
This is the 21st century siege of Leningrad. A single city survived months without supplies. How long can Russia survive without imports? 2, 3 years? For how long can America sustain this siege?
VV Putin's Mother survived seige. Older infant brother died there.
Until you walk in another shoes....
To sum up ZH - SP500 crashing everyday all year long, buying rubles and RTS because its such a bargain from september till now, vlad nuking everybody, WWIII is comming, algos taking everybodies money, gold is teh sh1t, putin is grand master seeing and scheming 10yr into the future, anything else?
Malaysian Airlines stuff...
Yes. You suck.
Cop beatings and shit.
Thank god everybody took ZH advice about the coming stock market collapse in 2010 ... 2011 ... 2012 ... 2013 ... 2014 ... 2015 ... just think how much money they would've lost invested in SPY.
"Thank god everybody took ZH advice"
Nice broad brush. You know the trading techniques and portfolios of the tens of thousands of people who read this site by a score of vocal "stackers"?
Many here understand the fuckery of CBs, but still invest.
The goal is to make money. It's easier when you understand the fuckery. Stay nimble friend; and sleep well.
You overlooked Japan poisoning the world.
Also the agreed ZH logic that lower energy prices will destroy mankind.
Ha ha ha... that's what the Russkis get for messing with Ukraine.
Suck it, Vlado!
ROFLMAO. Man, you get dumber by the day.
Me being from Ukraine, I can tell you my former country is in harder shape. Effectively, we may default as we are bankrupt. We cannot pay our troops, we cannot pay the pensions. We cannot pay anything. And Ukraine was the affair of US and EU screwing it up, not Russia. There is enough evidence for even a simple minded folk like yourself to figure this out. Learn some history please. You people make my nation look even more foolish with your diehard support into something you don't even understand.
good post
but you seem underestimate his level of simple
did you come down in the last shower?
Mike - any chance the Ukrrainian Army will turn on Azov nazis, oligarchs and others to take back the country?
What has been done to the Ukraine is heart breaking.
I think truth is some triple citizens messed with Ukraine..
and continue wreckage, depradations and killing
Ukraine has never been a sovereign nation
New improved Ukraine is now much worse than before
Ukraine suffers
Crimea is still celebrating
Crimea is still celebrating because Vlad is paying for everything. That won't continue for much longer.
When it stops, Crimea will become a grim as gulag.
sigh.
For all the hate the Federal Reserve gets here, I can't believe so many people turn a blind eye to the Russian CENTRAL BANK. What part of CENTRAL BANK don't you understand? The Soyuz knows better what interest rates should be, eh? No! Nobody should set interest rates!
I agree. Fed res gets a lot of flack. CBR is even worst.
http://russia-insider.com/en/2014/12/13/1700
Central Bank of Russia is a separate entity of the government. Their main job is to protect the Ruble. They don't know what they are doing and like I mentioned before, Glazyev even mentioned how their neo-liberal mindset will destroy Russian economy. This has nothing to do with Putin. You guys need to learn a bit. You think that federal reserve is the only separate entity from US Gov? Well, it isn't. Russian central bank is one, and there are others. Ruble from Belarus is now worth significantly more than Russian Ruble, and they do not even have a CB.
That's what happens when 80% of the male population is hopelessly drunk 24/7. I always wondered how they could even staff a corporate board room with anyone sober long enough to have a meeting. Up side - Russian women are looking to escape by the millions and become the Cozy in just about any Western man's bed. Go "long" Russian wives.
.
Made my day. Totally unconnected to reality.
The remark is stupid and reeks of US citizenism.
I guess, that unlike you, I have the privilege of having many connections in the former USSR. Alcohol, and AIDS, abject poverty and precipitous population collapse are all Russian facts. The whole place is a study in PTSD. Putin has his hands full. But if you want to create some alternative reality to fit your philosophy, go ahead.
From VF: Two out of three Russian men who die, died drunk. The country’s death rate far exceeded its birth rate: in 2000, life expectancy for men was only 58, and for women 71. The syphilis rate among girls 10 to 14—a statistical category that boggles the mind—had gone up 40 times the previous decade, and only 30 percent of boys between the ages of 15 and 17 were considered healthy. Cheap heroin from Afghanistan was rolling in, and an H.I.V. epidemic spread by dirty needles was taking hold. Predictions then were that Russia, with a population of 146 million, could become a nation of fewer than 100 million people by 2025, and hardly a superpower: The country was aging and the birth rate was plummeting. Putin himself in his first State of the Nation address in July 2000 warned the Russian people, “We are in danger of becoming a senile nation.” When Putin annexed Crimea, I only half facetiously wondered whether this was his way of tackling the population deficit.
@Whelen 5556218
Try your luck on http://www.mamba.ru/en/. Tell these Russian hotties how bad and drunk their men are and how great future awaits them in the U.S. Let's see what happens...
Haha, cute. Sure, in a country of millions there is a collection of well off Russian males, especially those connected to the ologarchs. The same would be true of Afghanistan or even Liberia. It doesn't change the fact that the balance of the countries males are hopeless drunks.
From WHO: The average Russian drinks 18 litres of pure alcohol a year. This is the largest national consumption on earth, and at levels seriously detrimental to health and indicidive of dependence.
Why do you think Putin launched a draconian anti-alcohol program in November 2012. He knows he's got a problem.
And much maligned Belarus is very low public debt per person
http://www.economist.com/content/global_debt_clock/
US $45,334 If you believe this is all...
Russian Federation $1,534
Belarus $833.
Anyone remember how deep you have to build your backyard nuclear fallout shelter?
I think there will be a kit sold "build your own nuclear shelter" by ZH pretty soon. Stay tuned.
4 feet of packed dirt on top will stop the fallout radiation, forget about trying to survive a direct hit or near miss.
Yeah, but who volunteers to stay up top and do the dirt packing once everyone is safely inside?
forgot to mention - they will add tin foil hat for free so Obama can't read your mind.
For what's coming about 100 yards I'd say.
NOTICE
INSTRUCTIONS TO PATRON ON PREMISES
IN CASE OF NUCLEAR BOMB ATTACK
Upon the First Warning
I think who wrote this wasn't very good at his job.
This is my list.
Upon the First Warning.
1. Stay in fron of the window
2. Keep hands ocupied with glasses, bottles, cigarettes etc.
3. If you have orchestra equipment i would suggest to use it. Same goes with a bar, table and any comfortable furniture.
4. Sit in your boxers.
5. Immediately upon seeing the brilliant flash of nuclear explosion take another sip of a fine drink and relax.
Whatever happened to duck and cover?
+1. Too funny :-)
Burt the turtle died, but made a most excellent soup....