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David Stafford
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Student of markets, enjoys following their course.
My book:
Around the World in Several Pieces
  • Introduction To The Caucus Investment Space And A Macro Perspective. 0 comments
    Jan 28, 2014 1:47 AM

    The Caucuses are seemingly not the easiest markets to penetrate. It would perhaps be cliche to mention some piece of literature like "Heart of Darkness", by Snr. Conrad, however, perhaps it would be more apropos to liken the Caucus investment situation for your average investor to studying the "Yeti".

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    There are presumably no wikipedia articles on the anatomy, favorite foods etc of Yetis. Instead if one wants to do so, one must study for example, native American mythology etc. etc., in so many words, one must assume a different tac per se than usual.

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    Hence, in beginning our Circassian Yeti expedition, it is perhaps best that we start at from a unique approach relative to some of the other approaches previously used or cited in the research that's been done on the blog.

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    Searching for investments in the Caucuses will often turn up IMF or some other sort of non-commercial-bank per se, reference to an expo or something of the like on investing in the region. A green job expo, an elevator expo even, there are all sorts of expos that are held in the region, perhaps like any other. However, something as simple, as "GUR", for the Eastern European which gave us our first "base-camp" into Eastern European economies, is sorely lacking.

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    Hence, without further adieu, it may be sage to share what I've come across so far, and perhaps to continue to do so, as the opportunity arises.

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    For starters, we have at least stock-markets in the region. For example, there is an Azerbaijani stock exchange located in Baku, as well a Georgian stock exchange. There is also an Armenian stock exchange, which we might count as a Caucasian investment portal.

    For Dagestan, a region of Russia per se, which is the hometown of the Boston-Marathon related individuals, we also have a few stocks listed on the Russian stock exchange.

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    Sites/Sources;

    Georgian Stock Exchange;

    http://www.gse.ge/

    Baku(Azerbaijan) Stock Exchange;

    http://www.bfb.az/?lang=en

    Armenian Stock Exchange;

    http://www.nasdaqomx.am/en/index.htm

    Dagestani commercial entities listed on the Russian Stock Exchange;

    http://corprussia.com/okved/671200/region/5

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    Apart from that perhaps one could say that it is somewhat vague, but that oil, and the important of Azerbaijan in so far as oil pipeline and shipping routes is concerned is somewhat significant in so far as larger countries in the region are concerned, namely China and Russia. For, pipelines though the Caucuses could help Russia have another route into Europe as can kind of be seen from this image;

    (click to enlarge)

    source;

    http://www.rzeczpospolita.pl/teksty/wydanie_060904/swiat_a_1-1.F.jpg

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    China could benefit from oil flowing through baku as well as can be seen from the following image which has Azerbaijan, appearing as a sliver on the left side of the map. For, Azerbaijan is just across the Caspian from Kazakhstan and Turkemenistan, and China is a big fan of running pipelines through Kazakhstan, and perhaps ultimately in the future, pipelines may link the Gulf nations and their resources directly to China via pipelines, hence unless these pipelines are run through Iraq etc., they may be conveniently run indirectly per se through the Caucuses. How the Caucuses, and Azerbaijan's important in all of this is determined can perhaps be better seen through looking at this map which is albeit more concerning with the Stan's, but perhaps still a good source of perspective on the issue per se;

    source; http://www.sras.org/img/photo/pipeline_china_kz.jpg

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    perhaps this image is helpful too;

    (click to enlarge)

    source;

    http://1.bp.blogspot.com/__FrAMUiShGU/TIvwGyP0moI/AAAAAAAAAFI/k7zbP1dX-Sk/s1600/Kazakhstan-China-pipeline.jpg

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    Hence though perhaps at first glance, the region's economy its self isn't so available per se, to strait-forward investments, the region may play a somewhat important role in the rest of Asia's energy situation per se. Perhaps over the course of future investigations more untold secrets of this region's investment space will be unlocked as well, but for now here's at least perhaps a somewhat interesting macro-perspective on the significance of this region geographically, along with some introductory investment related information concerning the stock markets for example, as discussed above.

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    Hopefully soon, we will come across some "Circassian" beauties per se, in the continued search for the Moby-dick of Caucasian investment, but for now we may perhaps at least have a somewhat more fleshed out perspective on the regions in general.

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    May everyone's investing be great, and positions "fattened" per se, and may we all sleep well knowing so.

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    Thanks again for reading.

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