http://finance.yahoo.com/news/investors-nyet-russian-bond-sales-174900162.html How bad is it for the Russian ruble these days? Consider this: The junk bonds issued by Midwestern supermarket chain Supervalu are now more attractive to investors than the sovereign debt issued by the Russian Finance Ministry. The original plan had been to offer 5 billion rubles worth of bonds set to mature in 18 months. The result was the sale of 491 million rubles worth of bonds (about $10 million) at an interest rate of 10.06 percent. The Russian governments inability to borrow in the financial markets wont hurt the Kremlin in the near term, but the markets utter lack of confidence in the ruble is impacting the prices Russian consumers pay for imported goods and making life increasingly difficult for them. How long can Putins current sky-high popularity endure widespread economic discomfort? Russian bonds are considered near worthless. This is very bad for their national debt.
How bad is it when the US can still find eager buyers for their debt despite owing 18 trillion already, and Russia can't give it away. Good thing they have infinite oil resources to fall back on.
show me at least one example where Russia would appear as being strong in finances and alike? Russia can survive just any economic crisis, because economy has never been a substantial part of her life.
When you are attempting to muscle your way around the world, a bad economy is never a good thing. "Survival" and "Thriving" are not the same thing.
i did not say 'bad economy' i said 'no economy' - huge difference. everyone is surviving everywhere; as for 'thriving' - it is only a mass media spin; there's no place in the world to thrive.
Oh the state of Russia will undoubtedly survive. It'll just leave millions of its people dead I'm the snow. Like its done for the past thousand years.
better dead, then living under the thumb [video=youtube;JcgZIz0Fd-w]https://www.youtube.com/watch?v=JcgZIz0Fd-w[/video] of the nwo matrix
Who is 'word'?I guess except USA,EU,AU and NZ no one more. Imbecile western 'politicians' instead to stop confrontation with Russia are continuously pushing the Rest of Word to Cold Word 2.0 or probably WWIII. Idiot Hussein Obama who failed everywhere and made anything wrong created the true War of BRICS - States against Dollar. Russia and China do not need green bucks anymore, other countries are following. Also, not Rubel is dead, but Dollar and very very soon.
Russia defaulted on its debt? pathetic. - - - Updated - - - The Ruble has collapsed against every single major currency.
Russia obviously has an economy, and a relatively large one compared to most non-major nations. http://en.wikipedia.org/wiki/Economy_of_Russia The US seems to be doing pretty well. http://en.wikipedia.org/wiki/List_of_countries_by_GDP_(nominal) People are climbing over each other to get in here, and we don't seem to have any problem finding buyers for our debt. Russia? Not so much.
What is about EURO which lost more as 20 % its worth since the beginning of 2014? BTW Rubel has more better chances to became more stable in difference to EURO which would probably broken in two or more local currencies?
The Ruble has collapsed against the Euro, the US Dollar, the Japanese Yen, the Chinese Yuan. nothing can change that fact.
That's a lie about Russia not being able to borrow. Of course they can borrow all they want from China. But then again it's not something that the corporate media will say now is it?
so Russia WAS able to sell $5 billion in bonds? got any evidence? why would China by Russian bonds if they are worth less than (*)(*)(*)(*)?
So why isn't China buying their bonds? I suppose China could give welfare to Russia if it wanted to support them. But it is not doing so right now. Why is that?
Yeah, but they have the largest reserves of real physical gold in the world, and they have oil and gas, and now they have even more oil from Venezuela.
she might have one, but it goes its own way, independently from mine or anyone else's here. taxes much? because the US advertises itself worldwide as an immigrant's paradise, and this hard sell is financed from the taxes you pay. because you are intimidating the world into buying your stuff.
price of oil keeps dropping, demand isn't going up. nobody wants more Russian oil. and nobody wants Russian bonds, as they are worth crap.
Once again, the Russian posters here make our far-left and far-right posters look positively sane and logical. No wonder Putin is popular.
it isn't oil Russia lives off. as if they were not at some point in her history... Russia's never relied on bonds or any other finances.
50% of Russia's federal budget, is oil and gas sales. - - - Updated - - - good to hear, cause no one wants their crap bonds.