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Markets plunge on Ukraine crisis; Russia’s central bank intervenes [Russian markets panic]
The Globe and Mail ^ | 3 March 2014 | Eric Reguly

Posted on 03/03/2014 6:12:21 AM PST by Alter Kaker

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1 posted on 03/03/2014 6:12:21 AM PST by Alter Kaker
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To: Alter Kaker
" the [Russian Central] bank raised interest rate by 150 basis points, lifting it to 7 per cent."

What a deal!! Sure beats putting your money in the Obama banks here.

2 posted on 03/03/2014 6:15:51 AM PST by norwaypinesavage (Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
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To: Alter Kaker

Our markets are doing a good imitation.

Futures now down 129.

Wiff of panic in the air.

I hope everyone has their shorts on.


3 posted on 03/03/2014 6:17:38 AM PST by OpusatFR
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To: norwaypinesavage
What a deal!! Sure beats putting your money in the Obama banks here.

But at least you can be reasonably certain that you'll get your money out when you go into your local bank branch. Can you really say that about Russia? Anyway, with interest rates skyrocketing, Putin will finally do what he set out to do - destroy any part of the country's economy not directly related to oil and gas exports.

4 posted on 03/03/2014 6:18:42 AM PST by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: norwaypinesavage

It would be a deal if you could earn 7% in American dollars, but instead they will pay you in Rubles which might be worth 1/2 what they currently are by next month.


5 posted on 03/03/2014 6:19:30 AM PST by TexasFreeper2009 (Obama lied .. the economy died.)
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To: OpusatFR
"Our Monday begins with trying to dig out the real reason for the decline. It’s not Ukraine. It’s the fact that the Big One – China – was down 1.47% overnight."

"Chinese policy makers’ move to weaken the yuan may affect stock market valuations all around the world. "

Urban Survival.com

6 posted on 03/03/2014 6:23:04 AM PST by concerned about politics ("Get thee behind me, Liberal")
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To: Alter Kaker
And with the examples set by the new EU banking policies based on their test experience with Cypriot hair styling measures, do you really believe that O`Bozo wouldn`t try that crap here?
7 posted on 03/03/2014 6:23:36 AM PST by nomad
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To: OpusatFR

-129?? Wiff of panic?? Sounds like a CNBSC soundbite. Call me when we’re down 3+% with a dropping bid. For the third day in a row.


8 posted on 03/03/2014 6:25:52 AM PST by mn-bush-man
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Less Than 2.1K To Go And The Freepathon Is Over!


Click The Pic To Donate

Donate

9 posted on 03/03/2014 6:26:45 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: Alter Kaker

Gazprom is down too. Ukraine controls 50% of the Russian gas flow into Europe. 50% of the Russian budget is financed by oil and gas exports. A pipeline shutdown would immediately cut Russian income by 25%. That might leave a mark!


10 posted on 03/03/2014 6:27:16 AM PST by meatloaf (Impeach Obama. That's my New Year's resolution.)
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To: mn-bush-man
-129?? Wiff of panic?? Sounds like a CNBSC soundbite. Call me when we’re down 3+% with a dropping bid. For the third day in a row.

That's the US. Russian markets are in a genuine across the board free fall.

11 posted on 03/03/2014 6:28:42 AM PST by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Alter Kaker

Soros heavily supported turmoil in the Ukraine.....

Follow the money....

I’m sure he profited on shorts......after helping orchestrate the unrest....


12 posted on 03/03/2014 6:31:38 AM PST by nevergore
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To: Alter Kaker

Dow: look out below!


13 posted on 03/03/2014 6:32:36 AM PST by who knows what evil? (G-d saved more animals than people on the ark...www.siameserescue.org.)
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To: who knows what evil?

Seriously.

The down opens down .8%. Catches a bid and trades orderly down .6%.

Meaningless.

It would also be meaningless if the market gave back 5% this week.

This market hasn’t been allowed to correct forever. It won’t be now, either.


14 posted on 03/03/2014 6:41:32 AM PST by mn-bush-man
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To: Alter Kaker

I’m back in the U.S.S.R.
You don’t know how lucky you are boy
Back in the U.S.S.R.


15 posted on 03/03/2014 6:41:45 AM PST by Proud2BeRight
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To: OpusatFR

Wait until European energy prices start exploding due to this crisis.


16 posted on 03/03/2014 6:41:56 AM PST by SkyPilot
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To: Proud2BeRight

LOL!


17 posted on 03/03/2014 6:42:09 AM PST by SkyPilot
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To: Proud2BeRight

I am going to post a thread with that song in your honor.


18 posted on 03/03/2014 6:43:14 AM PST by SkyPilot
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To: SkyPilot

All the work by Reagan being undone.


19 posted on 03/03/2014 6:45:35 AM PST by Proud2BeRight
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To: Proud2BeRight
Sadly. I remember one time Peggy Noonan lamenting about the way Willie Clinton handled the kidnapping of that little Cuba boy (Elien Gonzalez?) from Miami. She said that Reagan would have never have done that, and would have welcomed him and his entire family in America. Clinton sent him back. But then she said:

"But then again, Ronald Reagan was a real man."

20 posted on 03/03/2014 6:48:17 AM PST by SkyPilot
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To: OpusatFR

The Never-let-a-crisis-go-to-waste Chicago thugocracy has something planned. This may be what 0 meant by “more space.” We’re dealing with evil beyond our comprehension.


21 posted on 03/03/2014 6:53:38 AM PST by demshateGod (The fool hath said in his heart, There is no God.)
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To: Proud2BeRight

Amazing!
A post that made me grin...on a thread like this ...thanks for that :-)


22 posted on 03/03/2014 6:55:55 AM PST by Bobalu (Happiness is a fast ISR)
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To: concerned about politics

Remember, the Chinese are about to make a land grab of their own, on some Japanese held islands near Taiwan.


23 posted on 03/03/2014 6:58:01 AM PST by Thunder90 (All posts soley represent my own opinion.)
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To: Alter Kaker
Watch for Comrade Putin to cut off oil and gas supplies to Europe.This thing could get awfully ugly...as Governor Romney suggested during one of the 2012 debates.Osama Obama mocked Romney for having suggested such a thing.IIRC he told Romney that 1980’s foreign policy is calling his name...or something like that.And IIRC Governor Palin has also commented on how dangerous Vlad Putin is.
24 posted on 03/03/2014 7:08:03 AM PST by Gay State Conservative (Stalin Blamed The Kulaks,Obama Blames The Tea Party)
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To: mn-bush-man

I don’t like losing money, even a penny.

I don’t like it at all and am a very sore loser.

I’ve always hated people’s platitudes on losing and being content with that.

That’s the type attitude that is infecting this country.

Losing be damned.


25 posted on 03/03/2014 7:11:29 AM PST by OpusatFR
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To: OpusatFR

Down 169.76(1.04%) 10:18AM EST


26 posted on 03/03/2014 7:18:49 AM PST by John W (Viva Cristo Rey!)
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To: mn-bush-man
-129?? Wiff of panic?? Sounds like a CNBSC soundbite. Call me when we’re down 3+% with a dropping bid. For the third day in a row.

Thank-you. Anyone who makes a big deal over a 1% drop has no business investing in the markets. A 5% to 10% decline right now would be a good thing.

27 posted on 03/03/2014 7:21:15 AM PST by Labyrinthos
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To: Labyrinthos

Not sure those are allowed in The Obama Era.


28 posted on 03/03/2014 7:23:02 AM PST by John W (Viva Cristo Rey!)
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To: Bobalu

Cool!


29 posted on 03/03/2014 7:26:14 AM PST by Proud2BeRight
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To: Alter Kaker

So this is what Obama’s promised flexibility to Russia feels like.


30 posted on 03/03/2014 7:37:07 AM PST by KarlInOhio (Republican amnesty supporters don't care whether their own homes are called mansions or haciendas.)
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To: Alter Kaker

QUESTION: If Ukraine still had their nukes, would the Red Army have invaded???


31 posted on 03/03/2014 7:37:41 AM PST by 2harddrive
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To: mn-bush-man

[ Seriously.

The down opens down .8%. Catches a bid and trades orderly down .6%.

Meaningless.

It would also be meaningless if the market gave back 5% this week.

This market hasn’t been allowed to correct forever. It won’t be now, either. ]

Factor in as well the market is more disconnected NOW that it has EVER been from REALITY.


32 posted on 03/03/2014 7:39:11 AM PST by GraceG
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To: mn-bush-man
This market hasn’t been allowed to correct forever. It won’t be now, either.

Was just watching CNBC and they were discussing one of the recent economic reports which was negative, blamed on the weather. But they went in and were picking out some of the respondents who had upbeat things to say. They will do everything they can to prop up this market for their boy.
33 posted on 03/03/2014 7:45:11 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: GraceG

Ukraine could launch nukes and the market would likely pull back 2% but end the day ahead.

Disconnected from reality.


34 posted on 03/03/2014 7:46:17 AM PST by Red in Blue PA (When Injustice becomes Law, Resistance Becomes Duty.-Thomas Jefferson)
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To: Alter Kaker

PANIC!!!!!

Run around like chickens with heads cut off...Cow farts generate bigger corrections...

ping me when the market drops 3% or more, several days in a row. Till then, this is random market noise.


35 posted on 03/03/2014 7:50:45 AM PST by Drango (A liberal's compassion is limited only by the size of someone else's wallet.)
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To: Alter Kaker

I smell Gog and Magog in the morning!


36 posted on 03/03/2014 7:59:50 AM PST by RetiredArmy (MARANATHA, MARANATHA, Come quickly LORD Jesus!!! Father send thy Son!! Its Time!)
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To: Alter Kaker

37 posted on 03/03/2014 7:59:54 AM PST by JPG (Yes We Can morphs into Make It Hurt.)
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To: Alter Kaker

Russian markets punishing Putin more than ubama.


38 posted on 03/03/2014 8:23:09 AM PST by catnipman (Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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To: Drango
PANIC!!!!! Run around like chickens with heads cut off...Cow farts generate bigger corrections... ping me when the market drops 3% or more, several days in a row. Till then, this is random market noise.

Next time try reading the article. No suggestion of PANIC! on Wall Street -- the panic is in Moscow.

39 posted on 03/03/2014 8:23:14 AM PST by Alter Kaker (Gravitation is a theory, not a fact. It should be approached with an open mind...)
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To: Alter Kaker
Next time try reading the thread. There IS a suggestion of PANIC on Wall Street in post 3.

Our markets are doing a good imitation. Futures now down 129. Wiff of panic in the air. I hope everyone has their shorts on.

The comment you are critical of is from a string of replies to that post specific to the US markets.

40 posted on 03/03/2014 8:48:36 AM PST by mn-bush-man
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To: All

Down 224.38(1.37%) 12:05PM EST


41 posted on 03/03/2014 9:06:13 AM PST by John W (Viva Cristo Rey!)
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To: John W
It's currently so high anyway it's just a convenient excuse for a profit-taking selloff.

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.

42 posted on 03/03/2014 9:12:52 AM PST by RayChuang88 (FairTax: America's economic cure)
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To: John W
Down 224.38(1.37%) 12:05PM EST

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.

43 posted on 03/03/2014 9:42:48 AM PST by mn-bush-man
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To: Proud2BeRight

It sure is.


44 posted on 03/03/2014 9:52:29 AM PST by b4its2late (A Progressive is a person who will give away everything he doesn't own.)
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To: Proud2BeRight

It will take generations to repair the country, and rid itself of the obama stench and destruction, if it is even possible.


45 posted on 03/03/2014 9:59:06 AM PST by matthew fuller (We desperately need a Commander in Chief, not a Coward in Chief.)
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To: DJ MacWoW

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.


46 posted on 03/03/2014 10:06:54 AM PST by hondact200 (Candor dat viribos alas (sincerity gives wings to strength) and Nil desperandum (never despair))
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To: hondact200

Sounds like you need to be a brat! Prayers for a quick healing.


47 posted on 03/03/2014 10:08:05 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: 2harddrive

Don’t forget... they took away Polish and Czech missiles, too.


48 posted on 03/03/2014 10:09:04 AM PST by ponygirl (Be Breitbart.)
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To: mn-bush-man

“Our markets won’t be allowed to correct, much less crash.”

Could you elaborate on “won’t be allowed”?


49 posted on 03/03/2014 10:49:49 AM PST by John W (Viva Cristo Rey!)
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To: RayChuang88

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.


50 posted on 03/03/2014 11:23:23 AM PST by Gasshog (These introductions of non-native species have consequences, like allowing Obama back into the U.S.)
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