After five relatively stable years the Ruble is taking a hammering.
http://www.xe.com/currencycharts/?fr...to=USD&view=5Y
USD vs RUB Russian Ruble
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17-12-2014, 04:03 PMnextbigthingUSD vs RUB Russian Ruble
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17-12-2014, 10:09 PMValuegrowth
These are not abnormal. We will see these types of currency crisis time to time at different part of this world due to so many factors and according to the situation. After euro, yen and rubal we may see fall in NZD and AUD next. In addition to USD some Asian emerging and frontier currencies also should go up or should stay strong in 2015 and 2016. Just like other assets currencies also have cycles.
My ideas are not a recommendation to either buy or sell any security, commodity or currency. Please do your own research prior to making any investment decisions. -
20-12-2014, 04:31 PMValuegrowth
http://www.reuters.com/article/2014/...0JV0L520141218
Russian ruble firms sharply as government pressures exporters
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22-12-2014, 07:01 PMjannerSo many people do not understand the Russians..Quote:
Originally Posted by MARKETWINNER
To much one sided news .
Putin has 80% of the peoples backing..
Obama about 38% With a Tele-prompter for guidance .
It is Rouble by the way .. -
22-12-2014, 07:39 PMjannerIs Obama suffering Alzheimers.. ??Quote:
Originally Posted by janner
He has forgotten all of his promises :-))
Putin and the Rouble are more than a match V the FED !!.. Imho .. -
22-12-2014, 09:17 PMsashadidiNot surprising with over 50% of workers who are dependent on the government for their pay packet ...... and if you are like my cousins who get told vote Putin or lose your teaching job.Quote:
Originally Posted by janner
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22-12-2014, 10:14 PMnextbigthingSo how does the extended family feel about what's going on over there at the moment Sashadidi?Quote:
Originally Posted by sashadidi
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23-12-2014, 07:46 AMnextbigthinghttp://www.cnbc.com/id/102281291Quote:
Originally Posted by janner
Interesting article, worth a read -
23-12-2014, 08:11 PMBFGLol, definitely quote of thd month.Quote:
Originally Posted by janner
You know that Putin is stocking up on gold in order to counteract the roubles fall eh? Guess what commodity is going to be beaten all to hell next?
There's nowhere Putin can hide. He'd better start think about what Gary Kasparov has to say...
http://reason.com/blog/2014/12/14/vi...an-garry-kaspa
It's a game of chess and Putins losing his bigger pieces AND being outmaneuvered into a CHECK situation. -
30-12-2014, 09:51 AMBFG
After a brief fall back to 45 Roubles per USD, we are now back to 60 after Russian companies have finished buying up RUB for end of year purposes and a contraction in November of 0.5%. This is only the start.
Oil is still tanking as well. Lower we go after a brief respite! -
30-12-2014, 10:09 AMnextbigthingYeah exactly. This is one interesting game of global chess. Last time Putin responded by placing controls on what large companies could do with foreign reserves and using their foreign stores to buy Ruble. But here it goes again. What is he going to do to hold it this time? How many more cards can he play?Quote:
Originally Posted by BFG
Perhaps the US will keep this pressure until Putin is voted out and then it's time to buy up big?
There was a great article in the Herald about a possible successor who had spend ten years in the Gulag. -
30-12-2014, 10:40 AMBFG
The only choice Putin has left is pure price controls. I wouldn't rule it out with this twisted egomaniacal ex-KGB fool. That should mark a bottom if it does happen, but the economy will be in tatters if it does!
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30-12-2014, 12:38 PMsashadidiIts a combination of a economy that was already stagnating and had failed to diversify into a mercantile economy like China in the good old days of high oil income , instead it has gone into useless state "projects" , miltary and or been exported to a more "safer" environment...Quote:
Originally Posted by nextbigthing
The Saudis are giving the USA shale boys and by default the Russians a lesson and then there is the sanctions which former Finance minister Kudrin says is contributing 30% to the fall, luckily they had him for a few years and have that reserve fund, boy are they going to need it.
The relatives tell me everything up 40% (ruble prices) or more, shops holding back imported wine and chocolate etc until New year so as to extort higher prices in the main holiday season which is New year and Russian Christmas on 7th January each year
Putins cronies are breaking the sanctions by importing fish and cheese into Belarus "repacking" it to say product of Belarus and onward selling it to Russia, it has just opened up another revenue stream for the connected people to skim more off the top and the poor ordinary people just suffer as before. Russians have a great ability to "suffer" but boy if they reach the end of the road it will not be pretty and if they ever did revolt this time will flow over into Europe a lot more than 1917.
Putin has made sure the political landscape is bare and no real opposition parties exist in the form to threaten him at present and the main media will not support or advance anyone else to the level needed for a change
You may think vote Putin out, it is not as simple he will not go and you have to think seriously who will replace him , he may be not everyone"s cup of tea but boy it could be a lot worse, just check out who is who over there in the parliament/ruling elite etc......
be careful what you wish for!!!
Funny I clearly remember early in year 2000 my wifes boss in the Russian hospital where she worked was a ex KGB doctor and he said then nothing good will come to Russia with him (KGB boy) in power....... -
30-12-2014, 01:10 PMBFG
Cheers SD, always good to see what it's like on the ground rather than reading news all the time!