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AtW
17th September 2008, 09:03
2 days ago Putin said: "There is no crisis of liquidity in Russia"

Stock exchanged dropped through the floor and now Govt (Putin is PM) is offering $30 bln for liquidity to top 3 banks - all Govt affiliated - and they stopped stock exchange from trading as it dropped 10% more today.

What a great manager Putin is. :rollin:

Paddy
17th September 2008, 09:17
2 days ago Putin said: "There is no crisis of liquidity in Russia"

Stock exchanged dropped through the floor and now Govt (Putin is PM) is offering $30 bln for liquidity to top 3 banks - all Govt affiliated - and they stopped stock exchange from trading as it dropped 10% more today.

What a great manager Putin is. :rollin:

WTF has that got to do with the price of fish?

AtW
17th September 2008, 09:18
WTF has that got to do with the price of fish?

This shows how incompetent he really is both in his predictions and also in his actions - watch that space for more and remember 1998.

Churchill
17th September 2008, 09:23
2 days ago Putin said: "There is no crisis of liquidity in Russia"

Stock exchanged dropped through the floor and now Govt (Putin is PM) is offering $30 bln for liquidity to top 3 banks - all Govt affiliated - and they stopped stock exchange from trading as it dropped 10% more today.

What a great manager Putin is. :rollin:

It's not just Russia. Open your eyes!

AtW
17th September 2008, 09:28
It's not just Russia. Open your eyes!

Russian stock market fallen much further than West's - you should open your eyes and look at current Russian events unfolding - they stopped stock exchange from trading, nobody can sell.

The point I was making is how bad Putin is in economics (and he is a Prime Minister) - just 2 days ago he claims no crisis of liquidity (and he was saying Russia won't be affected by subprime stuff at all) and 2 days later his Govt has to put a lot of money, naturally selectively into companies affiliated with Govt - everyone will probably be screwed and Putin's mates buy them on the cheap.

Churchill
17th September 2008, 09:35
Russian stock market fallen much further than West's - you should open your eyes and look at current Russian events unfolding - they stopped stock exchange from trading, nobody can sell.

The point I was making is how bad Putin is in economics (and he is a Prime Minister) - just 2 days ago he claims no crisis of liquidity (and he was saying Russia won't be affected by subprime stuff at all) and 2 days later his Govt has to put a lot of money, naturally selectively into companies affiliated with Govt - everyone will probably be screwed and Putin's mates buy them on the cheap.

For a start, wind your neck back in.

Secondly, Putin has advisors, they help him make the decisions.

The whole of the worlds markets are in turmoil at the moment.

sasguru
17th September 2008, 09:36
The point I was making is how bad Putin is in economics (and he is a Prime Minister) - .

Seems to be a genetic Russian trait.

snaw
17th September 2008, 09:39
Seems to be a genetic Russian trait.

:rollin:

AtW
17th September 2008, 09:40
For a start, real your neck back in.


Secondly, Putin has advisors, they help him make the decisions.

His choice of advisors is his responsibility. Actually (since you don't follow Russian affairs) his Govt advisors were talking about crisis and he was just refusing to listen to them.


The whole of the worlds markets are in turmoil at the moment.

Yes but some countries are more so than others.

Look at RTS index: http://stock.rbc.ru/demo/rts.1/daily/RTSI.rus.shtml

Did Dow drop as much in the same time? No. NASDAQ? No.

Russian stock bubble is imploding with the dropping price of oil - soon Mr Putin will have to show if he has got real skills of operating under strong financial pressure, I am looking forward to his no-doubt inventive economic moves - selective Govt support during that period would be good indication shares of which companies he and his mates personally own :laugh

AtW
17th September 2008, 09:41
Seems to be a genetic Russian trait.

Indeed. Russians in general lack long term strategic thinking and do not understand consequences of decisions they make until it's too late.

Churchill
17th September 2008, 09:43
Indeed. Russians in general lack long term strategic thinking and do not understand consequences of decisions they make until it's too late.

Here rests the case for the prosecution m'lud!

AtW
17th September 2008, 09:45
Here rests the case for the prosecution m'lud!

Note "in general". There are always exceptions (rare as they are).

Churchill
17th September 2008, 09:47
AtW is on your ignore list. :tired

AtW
17th September 2008, 09:49
AtW is on your ignore list. :tired

:grin

Old Greg
17th September 2008, 10:32
This shows how incompetent he really is both in his predictions and also in his actions - watch that space for more and remember 1998.

Nicky G almost certainly predicted this.

DodgyAgent
17th September 2008, 10:49
To be fair to AtW he is right:

http://www.cnbc.com/id/26734324

and quite frankly it serves the Russians right if no one wants to do business with them after what they have been up to.

Diver
17th September 2008, 10:51
Indeed. Russians in general lack long term strategic thinking and do not understand consequences of decisions they make until it's too late.

:rolleyes:

This post is in General :wink:D

Churchill
17th September 2008, 10:54
:rolleyes:

This post is in General :wink:D

Hallef*ckinglujah!

Diver
17th September 2008, 10:55
Hallefrolickinglujah!

You didn't really get it, did you Churchy? :D

IGMC

AtW
17th September 2008, 10:56
:rolleyes:

This post is in General :wink:D

I felt I was making a mistake by not re-using "genetic" word, it seemed a bit wrong, so was "generic" :frown

Churchill
17th September 2008, 10:58
You didn't really get it, did you Churchy? :D

IGMC

I'm afraid I did.

Btw, that's my coat you theiving basket!

Diver
17th September 2008, 10:58
I felt I was making a mistake by not re-using "genetic" word, it seemed a bit wrong, so was "generic" :frown

"By nature" would have sufficed Alex :D

Good luck with the SKA project by the way. Looking good mate :yay:

Diver
17th September 2008, 10:59
I'm afraid I did.

Btw, that's my coat you theiving basket!

I know it's not mine, there way too much money in the wallet :D