Re: Kemp & Edwards agree - time to get tuff with Russia
On Jul 14, 2006, at 5:03 AM, Chris Doss wrote:
I was looking at some of the stats earlier today. It’s incredible. 10% growth in real wages every years for the past six years. $250 billion dollars in gold and forex reserves! In August, Russia will pay off the very last of its Paris Club dept. It is hard to imagine that this is the same country that crashed in 1998. It’s really astonishing when you look at the sheer scale of change.
And how much of this is the result of $75 oil? Were oil to collapse
like it did in 1986, what would happen to Russia?
Doug