Skip to comments.Markets plunge on Ukraine crisis; Russia’s central bank intervenes [Russian markets panic]
Posted on 03/03/2014 6:12:21 AM PST by Alter Kaker
Russian markets plunged Monday morning as investors reacted to the prospect of Western-led economic sanctions aimed at punishing president Vladimir Putin for Russian actions in Crimea.
The selloff prompted the Russian central bank to take aggressive action to try to stabilize the markets. As the ruble sank to new lows against the euro and the dollar, the bank raised interest rate by 150 basis points (1.5 percentage points), lifting it to 7 per cent.
(Excerpt) Read more at theglobeandmail.com ...
Down 224.38(1.37%) 12:05PM EST
Besides, the effect on the US economy is just about nothing given we're one of the world's largest producers of wheat and corn and with fracking, we're soon to be almost awimming in natural gas.
Yawn...The market rose 26.5% last year. That whole time there was never a pullback of greater than 6%. The one period from late May to late June when the S&P pulled back 5.7%, it was described by the media with words such as "slide", "crash", "panic", "plunge" and other similar hysteria-inducing adjectives. That was little more than half of a correction. So many folks have been hyper-sensitized to react to the smallest of market moves. This activity: big deal. Our markets won't be allowed to correct, much less crash.
It sure is.
It will take generations to repair the country, and rid itself of the obama stench and destruction, if it is even possible.
It is all because FR will meet is goal and the communists worldwide are in panic. Okay I am 5 days post-op, maybe I need to get more sleep. Just being a brat.
Sounds like you need to be a brat! Prayers for a quick healing.
Don’t forget... they took away Polish and Czech missiles, too.
“Our markets won’t be allowed to correct, much less crash.”
Could you elaborate on “won’t be allowed”?
Took some profits on Friday so here hoping it will lose a few % for whatever reason, but looks like the weakness is already getting bought up. bah.
Could you elaborate on wont be allowed?
Not sure, but it might be racist with Boy Wonder in office for the market to crash.
Why, I'd be happy to!
There will be an end to the QEs someday.
Nah!....EU making sure all Putins and Olegarks revenues throughout the EU are safe and secure..... Europe won’t let Russia fall..not going to happen. He and his olegarks have way too many billions stashed off shore in countries outside Russia.
Markets always shake at the sound of a feather landing on a pillow....
So after all that the DJIA finished down less than a percent yesterday and futures are up over a percent this morning. Gold and oil are back down and all the European markets are back up. What’s changed? Nothing. That’s the point.
But Europe will never voluntarily cut off something like 40% of their natural gas supplies. That’s why Europe isn’t going to do anything about this.
Russian markets ‘recovering’ on Putin’s speech today.
No war with Ukraine...stability to the country.
What will Europe do if the Ukrainians shut the gas off? The pipeline in Ukraine belongs to Ukrainians. Europe has no control over the pipeline, Ukrainian, or the gas, Russian.