Has anyone heard about what has been going on in Russia the last 2 days?
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No we are too busy watching Sarah Palin’s ass…....the new national obsession.
A new “opiate for the masses”.
SRM
As an American, I’m proud of the selfless sacrifice of our great economy so that we can teach Russia a lesson for their unprovoked attack on an innocent, fledgling democracy. I can only hope that the $1 billion or so of foreign aid is enough to rebuild Georgia’s defenses. Otherwise, I’ll gladly pledge seven generations of my offspring’s wages to make up the difference.
Um, Georgia invaded South Ossetia first, its just that everyone hates communists
Russia is formally a democracy.
Russian stock exchange is formally a stock exchange.
Reality is quite different, I guess.
The meltdown prompted Russia’s central bank to slash reserve requirements for banks in a bid to restore confidence as central bank head Sergei Ignatyev said he hoped for a “normalisation of the situation” in several days.
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Huh… it’s exactly that kind of thing which caused the sub-prime meltdown, as well as allowed Freddie Mae/Fannie Mac to cook their books.
Not a finance guy, but this strikes me as a desperate attempt to patch things temporarily in the hopes of getting a short-term gain. The downside is increased risk of significant long-term loss.
Yuck. No one learns.
We could see military action prior to the US elections around Georgia or S. America.
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