Russia’s key rate at 17%

[Coronita]

http://finance.yahoo.com/news/russian-rate-hike-stunner-220200662.html

So… I’m curious.. How (if any) can us americans take advantage of this? Inquiring minds want to know…

[spdrun]

Don’t know if this can be taken advantage of, but I’m not sure if this will have the intended effect.

[Anonymous]

Same way you can take advantage of any situation:

Be a little smarter or faster than the market.

[The-Shoveler]

At some point the Ruble will stop Collapsing I would think.

I think Oil is being manipulated to boost the US and at the same time put the hurt on several bad actors.

But at the same time I think Oil will never really recover for a very long time as technology keeps making faster and faster inroads into two main area’s, Oil production and alternatives.

[FlyerInHi]

Are the people who planned for peak oil bankrupt yet?

[CA renter]

[quote=FlyerInHi]Are the people who planned for peak oil bankrupt yet?[/quote]

(Not so) funny story…I knew a person who was a long-time commodities trader on Wall Street. He was convinced that Peak Oil was here, and he had spent a few years buying futures and rolling them forward from month to month, losing lots of money almost every single month. Highly leveraged, large positions, too. He was buying *hard* at the post-crisis top. Yes, he’s flat broke today. Pretty sad, actually.

[spdrun]

^^^

Good — he’s part of the problem. Bugger him.

[CA renter]

You know how I feel about speculation like that, so agree that he’s part of the problem. The sad part was that his whole life fell apart. Lost absolutely everything, including his family, car, house…everything.

Agree that he brought it on himself, though.

[ucodegen]

flu;

Keep in mind that Russia has defaulted on their debt when it benefits them (or parts of debt, debt restructuring).

Years: 1839, 1885, 1918, 1947, 1957, 1991, 1998

Wiki on the 1998: http://en.wikipedia.org/wiki/1998_Russian_financial_crisis

Also watch out for exchange rate going the opposite direction. Best thing to do is be patient.

[ucodegen]

[quote=CA renter][quote=FlyerInHi]Are the people who planned for peak oil bankrupt yet?[/quote]

(Not so) funny story…I knew a person who was a long-time commodities trader on Wall Street. He was convinced that Peak Oil was here, and he had spent a few years buying futures and rolling them forward from month to month, losing lots of money almost every single month. Highly leveraged, large positions, too. He was buying *hard* at the post-crisis top. Yes, he’s flat broke today. Pretty sad, actually.[/quote]
I wonder how many other investment experts acted similarly. The futures coming due in excess to the actual demand for oil will depress the price of oil.

[scaredyclassic]

[quote=spdrun]^^^

Good — he’s part of the problem. Bugger him.[/quote]

just trying to make a buck off a little chaos.

it’s hard to tell blood int he streets froma paper cut though…

[spdrun]

He’s a Russian government official. Therefore bugger him. My family lived for 30 years with a Russian boot up their butts. I tolerate Russian people, but I have no love for Russian government nor any of their officials.

[Author]

Posts