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Looks as though Russia's having a bit of a problem.

Russia halts trading after 17% share price fall

Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell.

The heads of the Russian central bank, the finance ministry and the financial market regulator met on Tuesday night for an emergency discussion on ways to halt the crisis.

Earlier, trading had been suspended on both the Micex and RTS stock exchanges

Financial Times

Edited by Shady
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Looks as though Russia's having a bit of a problem.

Russia halts trading after 17% share price fall

Russian shares suffered their steepest one-day fall in more than a decade on Tuesday, losing up to 20 per cent, as a sharp slide in oil prices and difficult money market conditions triggered a rush to sell.

The heads of the Russian central bank, the finance ministry and the financial market regulator met on Tuesday night for an emergency discussion on ways to halt the crisis.

Earlier, trading had been suspended on both the Micex and RTS stock exchanges

Financial Times

You're right. Except the Russian market fall is driven by emotion and the American by the busts of big banks who engaged into the perverse practice of sub-prime lending. The emotions will calm down... the bankruptcies - not so much...

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Whatsa matter? You want to run with big Yankee dog then you must take such criticism in stride.

Hahaha :D

Anyway - it looks like Russia actually did get hit, and very hard...

Trade was closed for the second day in a row...

No bankruptcies yet but total lack of liquidity...

Damn the imperialistic sharks! Stirring water in the "safe harbor" <_<

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Hahaha :D

Anyway - it looks like Russia actually did get hit, and very hard...

Trade was closed for the second day in a row...

No bankruptcies yet but total lack of liquidity...

Damn the imperialistic sharks! Stirring water in the "safe harbor" <_<

That's right.....and nobody is surprised compared to Wall Street...and that's because.....

Russia not only merely sucks, it truly and sincerely sucks.

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That's right.....and nobody is surprised compared to Wall Street...and that's because.....

Russia not only merely sucks, it truly and sincerely sucks.

Hey, you think we've got problems (US & Canada)?

Check this out - Zimbabwe replaces $10 trillion banknote:

http://edition.cnn.com/2008/WORLD/africa/0...ency/index.html

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Hey, you think we've got problems (US & Canada)?

Check this out - Zimbabwe replaces $10 trillion banknote:

http://edition.cnn.com/2008/WORLD/africa/0...ency/index.html

Send link to Moscow...will help them feel better. Oh wait....Putin has blocked CNN! :b

Edited by bush_cheney2004
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Another intelligent comment from my friend BC :D

Now I see how you've accumulated almost 6,000 posts ;)

BC has around 6000 since January 2007, or roughly 300 per month, or 10 per day. You have 503 or slightly more than 13 per day. You are in no position to claim that BC 2004 is running his post total.

I top both of you in total posts though; 7494 since June 26, 2006, or just over 9 per day.

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BC has around 6000 since January 2007, or roughly 300 per month, or 10 per day. You have 503 or slightly more than 13 per day. You are in no position to claim that BC 2004 is running his post total.

I top both of you in total posts though; 7494 since June 26, 2006, or just over 9 per day.

Wow...

Both of you guys appear to live here...

I'm only in for a short time (I think) - a slow period at work, which usually doesn't last :D

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I seriously think the US should just adopt a simple new policy: bomb the shit out of Pakistan, Iran, Afghanistan. No end goal. Just keep bombing. Air attacks - 10-15 per month. No troops. Just targets. Military, terrorist, whatever. Just keep bombing.

Bomb bomb bomb bomb bomb bomb bomb bomb bomb.

boooooom. bomb bomb bomb bomb. No troops. Just bomb. bomb bomb bomb. Any country where people danced in the streets on 9-11 celebrating: bomb. bomb bomb bomb bomb bomb bomb.

bomb. ;)

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I seriously think the US should just adopt a simple new policy: bomb the shit out of Pakistan, Iran, Afghanistan. No end goal. Just keep bombing. Air attacks - 10-15 per month. No troops. Just targets. Military, terrorist, whatever. Just keep bombing.

No troops. Just bomb. . Any country where people danced in the streets on 9-11 celebrating:

You should run for office on that campaign.

Of course you'd bomb.

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Many of us have read or seen on TV fictional future WW3 scenarios...

Few of us have thought that it is happening already.

What US calls "War On Terror" is WW3. Multiple countries attacked other multiple countries.

The difference from other world wars is that since these were initiated by the sole superpower (at least at the time) which picked some of the most unpopular countries to attack.

So the rest of the world either joined in or silently watched as the war was dragged on for years...

There are reasons to believe we're about to enter the next stage of WW3 - US may be using their little game with Georgia as a ruse to cover their preparations to attack Iran.

Will Canada blindly follow, remain sheepishly silent or speak against the conflict?

We have blindly followed in Afganistan.

We are sheepishly silent about the war in Iraq.

Is it time to say something? Or are we too afraid of the Big Bad Brother?

War in the modern Orwellian era that we live in can only be described as rich people killing poor people for fun and profit..that's it!

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I seriously think the US should just adopt a simple new policy: bomb the shit out of Pakistan, Iran, Afghanistan. No end goal. Just keep bombing. Air attacks - 10-15 per month. No troops. Just targets. Military, terrorist, whatever. Just keep bombing.

Bomb bomb bomb bomb bomb bomb bomb bomb bomb.

boooooom. bomb bomb bomb bomb. No troops. Just bomb. bomb bomb bomb. Any country where people danced in the streets on 9-11 celebrating: bomb. bomb bomb bomb bomb bomb bomb.

bomb. ;)

What you say may have a certain amount of logic. When the US used the nuclear bomb there were a few reasons:

  1. Fear of inordinately high American casualties;
  2. Worry about the possibility of a peace movement forming (all American wars except WW I were dogged by peace movements); and
  3. Most importantly, and unfortunately, in my view, the US was about to be shut out of world credit markets. It simply could not afford to sustain conventional war any longer.

It is true throughout history that wars continue at a plodding pace until impending unpopularity or bankruptcy forces the ultimate winner to execute a "Hail Mary" pass.

I happen to have had the same thought as you, driving home from tennis tonight, that there would have to be a dramatic end to the war on terror. I happen to think the most likely is some form of crippling attack on Iran. That will deliver a message to all jihadis that Mecca is next, if they don't take their foot off the gas (or the West's throat).

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It may be closer than you think... Israelis have been asking for permission to do just that for a while...

To paraphrase Neil Young (with apologies to "Ohio"): "Got to get down to it, Iran's cutting us down, should have been done long ago, what if you knew them and found them dead on the ground..."

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