General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOcelot II
(115,732 posts)Are stock markets allowed in oligarchies?
cilla4progress
(24,736 posts)I'm following this excellent Ukranian journalist and his medit outlet:
https://kyivindependent.com/author/illia-ponomarenko/
llashram
(6,265 posts)for an on the ground reference. Indispensable.
electric_blue68
(14,906 posts)Has some serious creds. 👍
cilla4progress
(24,736 posts)Good to know.
You welcome!
Go Ukraine! Wish I could help somehow!
They R us!!
Slammer
(714 posts)Farmer-Rick
(10,185 posts)That's one of the ways the oligarchy makes money. The average citizen may play the market too but they are usually too poor to risk the little money they have. So then the market is mostly flooded by the oligarchs' stolen loot.
At the same time, government money used to help the poor is put into the markets so that oligarchs have a built-in reason to not provide the assistance. Sorry the market went down and now you get to feed your children on $2 a week.
Escurumbele
(3,395 posts)Putin doesn't care about the stock market in his country, he doesn't care about the people either, he is as narcissistic as he pupil and lapdog trump, so whatever Putin thinks is good for Putin, that is what he will do, the hell with the rest of the people.
Not sure if anyone knows, but Lenin used to have the people in his cabinet dance for him, he would play the same record over and over and drive them to exhaustion, I have to think Putin does the same.
Thomas Hurt
(13,903 posts)cilla4progress
(24,736 posts)But if we can get the people and his "Senior Staff" (oligarchs) to care... !
TheBlackAdder
(28,208 posts).
I'm surprised that Cramer wasn't suggesting to buy Russian stocks on Friday.
Even if Putin and his flunkies weren't positioned, I wonder if the Russian Exchange would make post-trade adjustments.
.
sop
(10,192 posts)Brother Buzz
(36,444 posts)zuul
(14,627 posts)TheBlackAdder
(28,208 posts).
.
PatSeg
(47,496 posts)L. Coyote
(51,129 posts)OMGWTF
(3,959 posts)Escurumbele
(3,395 posts)former9thward
(32,020 posts)But the price of oil increased about 2.5% as it edges towards $100 a barrel. That brings tens of billions of dollars to Russia.
alittlelark
(18,890 posts)That Putin owns. Doubt that he cares.
cilla4progress
(24,736 posts)than ever?
former9thward
(32,020 posts)But only a small amount of Russian oil goes to the U.S. They sell to China, India, Japan and many other countries.
Celerity
(43,408 posts)L. Coyote
(51,129 posts)Tommy Carcetti
(43,182 posts)Thanks, Biden.
Pinback
(12,157 posts)Bernardo de La Paz
(49,002 posts)AngryOldDem
(14,061 posts)MaryMagdaline
(6,855 posts)fierywoman
(7,685 posts)cilla4progress
(24,736 posts)...
crickets
(25,981 posts)eta https://tradingeconomics.com/russia/stock-market
Yoiks.
L. Coyote
(51,129 posts)multigraincracker
(32,688 posts)his buddies shorted the market and made a gazillion rubles this week.
L. Coyote
(51,129 posts)And where is all that money going? Ask the money laundering specialists. How much of that money is directed to end democracies?
Link to tweet
Link to tweet
AngryOldDem
(14,061 posts)Looks all but certain that war is coming.
Totally Tunsie
(10,885 posts)Tomorrow should be fun...not.
AngryOldDem
(14,061 posts)Maybe I forgot because Im working.
😐
progree
(10,908 posts)A correction is generally defined as down 10%. So am anticipating reaching that point tomorrow.
roamer65
(36,745 posts)The Fed, BoJ and ECB should start dumping roubles.
LiberalFighter
(50,943 posts)bucolic_frolic
(43,177 posts)At these valuations when every last sucker is in, they crash markets to make a buying opportunity for hedge funds. Bagholders at the top, dumpers at the bottom. That's the way markets work.
lpbk2713
(42,759 posts)Especially when you have a leader like Putin.
Yo_Mama_Been_Loggin
(108,025 posts)Hey one can hope.
yaesu
(8,020 posts)WarGamer
(12,449 posts)A very large number of tickers are already below pre-pandemic levels.
Even the "great names" of the US economy are way off their recent highs.
AMZN down 9% in the last year...
GOOG down 14% in the last 3 months
Facebook (Meta) down 25% in a year
Shopify down 54% in a year
Netflix down 29% in a year
TSLA down 23% in the last 3 months
BumRushDaShow
(129,085 posts)so although it will be volatile tomorrow, I expect it might not be as volatile as it could have been if the markets were open today.
Unfortunately crude (WTI) is up to around $94/bbl.
Slammer
(714 posts)Here's a better look at how much the Ukraine situation is affecting the Russian stock market and tanking their oil and gas index.
https://markets.ft.com/data/world/countries/russia
FakeNoose
(32,645 posts)No laundering of Russian cash in Western (US/UK/EU) banks! They can take their blood money and bury in Siberia for all I care. Don't allow them to profit from our economy, and don't allow our banks to help them launder money.
Read Bill Browder's book, "Red Menace" that explains exactly how this Russian crime wave has affected our economy and our political system. They really are a menace, and there's no exaggeration in that title.
Escurumbele
(3,395 posts)bullet, and the World would be so much better, it is a win-win.
NQAS
(10,749 posts)I wrote the following note to the NH Liquor and Wine Commission, which runs all liquor and wine outlets in New Hampshire:
In light of the Russian threats to declare war on Ukraine, I'd like to propose that the NH Liquor and Wine Outlets remove all Russian-made products from your shelves. I realize that you are probably not buying directly from Russia and that Russia and Russian companies have already benefitted from your purchases.
If Russia steps back from the abyss, then perhaps the Commission could return those products to the shelves. In the meantime, I think it would be a valuable symbolic move.
Thanks.