Russian Bull

Gold, Viagra and Emerging Markets: Harry Dent on 2009 and Beyond

I agree with everything except his analysis of Russia (ie, "Russia is toast"). Funny, people throughout history (since the 9th century) have always under estimated Russia and Russians. Most recently, one particular leader with a funny mustache who almost made it to Moscow comes to mind...

But Russia does have a declining population problem--among other severe challenges right now of course--but I have no doubt (based on my own analysis) that Russia will come through this on the other side stronger than before.

Nevertheless, very much enjoyed this article though generally speaking I do prefer blinis and vodka to curries and tea.

Russia's Too Risky - Barron's

This has to be one of the most thoughtless articles I have read on Seeking Alpha in a long time. Someone give me back those 90 seconds. No, okay, well, let me try and save the future readers: I think Russia is oversold and the Ruble is undervalued and this article blows chunks.

Russia has its problems--no doubt--but in terms of risk I think the perceived risk is much higher than true risk in reality.

Funny, the media makes a lot of noise over Yukos and BP, but the fact of the matter is that Russia has declared the oil and gas industry a "state secure sector". The Western National oil companies are no longer needed by Russia and their contracts are being re-negotiated. That's life in the big city. Ask the shareholders of IndyMac about governmental takeover risk.

China, Russia Exceptions to Global Economic Slowdown

Johnthebear...when was the last time you were in Moscow Russia? Yes, while I agree that the oil props up the economy in Russia for now, that is quickly changing. The Russians are re-tooling their auto industry, their oil SERVICES industry, and their agricultural industry. Last month I was in Russia twice and the country is moving forward even more quickly than I would have imagined even 24 months ago.

That said, there are problems; corruption and red tape are still very bad; getting a visa into the country is challenging; and the Ruble (while undervalued) still has the stigma of the 90s attached to it.

As for surviving the global financial crisis...the Russian Finance industry is very simplistic and I think this will serve them well in the future as our banks pass through the housing MBS blow up, into the credit card CBS blow up; and finally into the wave of derivatives failures.