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Started By
Message
re: Russian borrowers money woes include their home mortgages
Posted on 12/14/14 at 10:17 pm to LSUFanHouston
Posted on 12/14/14 at 10:17 pm to LSUFanHouston
Yep.
0
Posted on 12/14/14 at 11:03 pm to LSURussian
Sleep with dogs, wake up with fleas?
The Putin regime might be authoritarian but that doesn't extend to exchange rates.
The Putin regime might be authoritarian but that doesn't extend to exchange rates.
This post was edited on 12/14/14 at 11:04 pm
Posted on 12/15/14 at 10:16 am to soccerfüt
So a bunch of quasiliterate potato farmers decided to become forex traders, on margin, using their personal residences as collateral? Seems like a great idea.
Of course I'm sure they were sold some line about how Putin make rouble strong like Russian winter, we will crush these capitalist Yankee pigdogs!
Of course I'm sure they were sold some line about how Putin make rouble strong like Russian winter, we will crush these capitalist Yankee pigdogs!
Posted on 12/15/14 at 4:27 pm to LSURussian
Russia Raises Key Rate to 17%
An unprecedented 700 basis point increase in a single day
Russian stock market down 28% on the MONTH.
- 11% TODAY.
Ruble at 64 to the USD.
Russian purchasing power going down the tubes.
An unprecedented 700 basis point increase in a single day
Russian stock market down 28% on the MONTH.
- 11% TODAY.
Ruble at 64 to the USD.
Russian purchasing power going down the tubes.
Posted on 12/15/14 at 5:43 pm to LSU1NSEC
quote:I just came to post this. Truly incredible! 11.84% in one day!
- 11% TODAY.
Posted on 12/15/14 at 5:51 pm to LSU1NSEC
Holy shite. We need a Russia in game thread.
LSURussian's step by step guide to Russian financial meltdown:
Looks like we are bypassing Step 1. Who are major owners of RU debt?
LSURussian's step by step guide to Russian financial meltdown:
quote:
We will see some of the banks and state owned energy companies being bailed out by the government as the first step.
Then no one will want to buy RU government obligations which will spike their interest rates.
Next comes the government "delaying" payments.
Then default.
I think we're talking about months, not years.
Looks like we are bypassing Step 1. Who are major owners of RU debt?
This post was edited on 12/15/14 at 6:00 pm
Posted on 12/15/14 at 5:59 pm to bayoubengals88
LSURussian if you're reading this I want to thank you for inspiring me to buy RUSS two months ago 
Posted on 12/15/14 at 6:00 pm to Iosh
I read your post and jokingly thought to myself, "what is their a Russian bear ETF?" yes. yes there is. 
Posted on 12/15/14 at 6:05 pm to sneakytiger
quote:LINK
I read your post and jokingly thought to myself, "what is their a Russian bear ETF?" yes. yes there is
Posted on 12/15/14 at 6:42 pm to sneakytiger
if Russia and its largest corporations default on $700 Billion in loans it will hit European banks hard
Posted on 12/15/14 at 7:24 pm to Iosh
You're welcome, but that took guts on your part to base an investment decision on comments made on an anonymous message board. 
Posted on 12/15/14 at 8:13 pm to LSURussian
quote:Just 20 shares. I didn't exactly bet my life savings, although now I'm wishing I had.
You're welcome, but that took guts on your part to base an investment decision on comments made on an anonymous message board.
Also you did have, you know, evidence and logic and all that good shite.
This post was edited on 12/15/14 at 8:14 pm
Posted on 12/15/14 at 8:18 pm to Iosh
So you bought in at around $17 and it's around $40 today? Not bad....
Posted on 12/15/14 at 8:26 pm to LSURussian
I bought in at $15.44, to be precise 
I'm hoping the MICEX takes a dive tomorrow on the rate hike. If it hits $60 I'm taking my winnings and selling.
I'm hoping the MICEX takes a dive tomorrow on the rate hike. If it hits $60 I'm taking my winnings and selling.
This post was edited on 12/15/14 at 8:31 pm
Posted on 12/15/14 at 8:34 pm to Iosh
quote:
I'm hoping the MICEX takes a dive tomorrow on the rate hike. If it hits $60 I'm taking my winnings and selling.
Don't be surprised if the MICEX goes up tomorrow...at least initially. The MICEX is denominated in rubles and tonight's rate hike might strengthen the ruble temporarily. That would inversely affect RUSS which is denominated in USD.
This post was edited on 12/15/14 at 8:35 pm
Posted on 12/16/14 at 8:38 am to LSURussian
Holy shite it's already over 60.
This is the best $300 I spent since that time I sat to the left of two drunk roughnecks at 2/5 no-limit.
This is the best $300 I spent since that time I sat to the left of two drunk roughnecks at 2/5 no-limit.
This post was edited on 12/16/14 at 8:39 am
Posted on 12/16/14 at 8:45 am to Iosh
Posted on 12/16/14 at 8:50 am to LSURussian
Sold at $60. It might keep going up but now that the mainstream media is talking about Russia's death spiral it also might be as priced in as it will get. Anyway I can hardly complain 
EDIT: Who is downvoting Russian? That bitter guy from the DOLLAR DEATH thread?
EDIT: Who is downvoting Russian? That bitter guy from the DOLLAR DEATH thread?
This post was edited on 12/16/14 at 8:58 am
Posted on 12/16/14 at 8:56 am to LSURussian
quote:
they would rush out to the closest currency exchange kiosk on the street and sell their rubles for dollars. Dollars were king.
I've seen this as well in the Middle East. I don't even carry any more riyals when I go to Saudi because they would rather take a US $1 bill for a tip than a 10 riyal note (which is usually around 3-ish USD).
Posted on 12/16/14 at 9:05 am to Iosh
quote:
Who is downvoting Russian?
Pay no attention to that. I didn't even notice it until you mentioned it. There are few guys on Tiger Rant who resent my LSU baseball connections and posts and they follow me from board-to-board downvoting me. They've even admitted to doing it.
I get a
out of it. 
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