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  • Russian central bank raises key rate to 7.50%

    From forexlive.com

    rise due to weak rouble and high inflationary risks. does not plan on cutting rates in coming months. rate hike designed to keep inflation to maximum of 6% in 2014. economic growth will continue to slow in 2014. raises rate on fx swaps to 8.5% from 8.0%. weakening rouble will have limited impact on economic growth. The rate hikes were unexpected

go go Putin!
PUTIN: Vee need more money to kill zee Ukrainians and invade Europe.

RUSSIAN ECONOMY, RE: Yes, Comrade, but zee Ruble is fooked.

PUTIN: Yes, I fully understand so let's increase zee interest rate.

RE: Not a good idea vith inflation in some regions at 18% and sanctions from zee Vestern scum. Zee vorkrs vill be angry.

PUTIN: SILENCE! Vee 'ave our vays! Prepare zee press release. Or die.
Quoting Taffy
PUTIN: Vee need more money to kill zee Ukrainians and invade Europe.

RUSSIAN ECONOMY, RE: Yes, Comrade, but zee Ruble is fooked.

PUTIN: Yes, I fully understand so let's increase zee interest rate.

RE: Not a good idea vith inflation in some regions at 18% and sanctions from zee Vestern scum. Zee vorkrs vill be angry.

PUTIN: SILENCE! Vee 'ave our vays! Prepare zee press release. Or die.
again you show how small you are taffy
people leave, but this thread will go on for ever
I call it light-hearted, Aussi :-)

Happy Trading!
so what will happen?
If Putin is unhappy and stop selling oil and gas to Europe, all will be in big trouble.

China has signed agreement with Russia to buy ALL Russia can produce if Putin need a buyer.

Putin don't need money, but if he need, China has all he need.

What can US do? nothing beside empty talk...hahaha...!
Quoting blurstar
If Putin is unhappy and stop selling oil and gas to Europe, all will be in big trouble.

China has signed agreement with Russia to buy ALL Russia can produce if Putin need a buyer.

Putin don't need money, but if he need, China has all he need.

What can US do? nothing beside empty talk...hahaha...!
The US is swimming in oil, so who cares. They will likely send aid for resources
When the facts change I change my mind, what do you do sir
That is the $Million question, xetruder!! I don't have a crystal ball but since the CBR intervenes a lot anyway, this will just put huge pressure on Russian oligarchs to cough up more RUB to fund the Great Putin Circus. EUR will be an interesting trade though.

My wife is from Crimea and she just lost all her property and assets to some Russian invader/thief. Let's hope everyone can seek diplomacy, rather than war, eh?
Quoting blurstar
If Putin is unhappy and stop selling oil and gas to Europe, all will be in big trouble.

China has signed agreement with Russia to buy ALL Russia can produce if Putin need a buyer.

Putin don't need money, but if he need, China has all he need.

What can US do? nothing beside empty talk...hahaha...!

Europe does not need Russian energy supplies and now gets it from a new gas/oil field in Northern Europe. That was decided about 6 months ago and Putin got upset with that huge loss of income.

Also, China now has $12 trillion of domestic debt due to shadow banks and mass loan defaults.

US just sent troops to Poland and UK just sent troops to Ukraine.
Quoting blurstar
If Putin is unhappy and stop selling oil and gas to Europe, all will be in big trouble.

China has signed agreement with Russia to buy ALL Russia can produce if Putin need a buyer.

Putin don't need money, but if he need, China has all he need.

What can US do? nothing beside empty talk...hahaha...!
This is absolutely crazy. So, all of the problems in Ukraine is just to make Putin happy. So is he happy now?

Why don't the whole world do whatever to make Putin happy? So he can laugh at the whole world. Happy now? Good, just be happy for the whole world especially Ukraine. Make Putin laugh and happy.
Quoting Taffy
PUTIN: Yes, I fully understand so let's increase zee interest rate.

RE: Not a good idea vith inflation in some regions at 18% and sanctions from zee Vestern scum. Zee vorkrs vill be angry.
I'm not a fundamentalist, but higher interest rates mean lower inflation
I found a penny today. That's +100 pips for me.
Quoting ReaM
I'm not a fundamentalist, but higher interest rates mean lower inflation
Good point, but the RUB money supply is screwed, so a higher rate will just make things worse, in the long term.

If only there was a Unified Equation for Economics, just like Hawking has nearly found for Physics !!!
It is all started by US trying to 'rule' the world with it own rule of game, when Putin don't dance, sanction! say what Mr O?

It is clear to good mind that the red money is the under current that change the world economy one way of another, what EUR so tough and USD so soft? think about it. Don't confuse the political money with domestic money.

EUR will continue to stay high as long as US stands out for Japan and trying to block Russia, no secret.
looks like no one wants the rouble.
Rouble = trouble? Russian economy soon to be in rubble?
Savage torture, kidnapping, I can't believe there are idiots defending Putin, Hope they are paid, I refuse to believe humans can be that easily manipulated when the facts are so clear.

If Putin stops the gas supplies will be hard for EU, but won't kill anyone, EU we should drive less and invest the gas money in cleaner energy.
Quoting spike00spieg
If Putin stops the gas supplies will be hard for EU, but won't kill anyone, EU we should drive less and invest the gas money in cleaner energy.
Yes, it's a massive opportunity to be independent of this mafia state. And it's a great opportunity to further develop an internal European energy market. It will boost innovation and the Ukraine can take part in this.

http://www.bruegel.org/nc/blog/detail/article/1283-can-europe-survive-without-russian-gas/
Russia is the Mexico of that part of the world. Nothing happens in either country w/o bribe money.
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  • Posted: Apr 25, 2014 5:34am
  • Submitted by:
     Newsstand
    Category: Low Impact Breaking News
    Comments: 17  /  Views: 4,883