What an overall Absurd Analysis... but why should we be surprised?
Russia haters spout forever their nonsense, and we get such a healthy dose of it in the MSM... but it's no excuse for a book-talking stock tout to recycle it and dress it up as financial advice.
Try these facts on for size, from someone who knows better:
1. The Russian people are better off now than at any time in 91 years plus. Doubt it? Buy a plane ticket to Domodedevo and ask the first 100 people you run into...
2. Foreign and Domestic investors in Russian companies are better protected from criminal activity by managements and governments than anywhere else in the world... and if you think I'm kidding I've got just a few words for you... Fanny Mae, Freddie Mac, Enron, Worldcom, Global Crossing, Royal Dutch Shell, GM, Bear Stearns, and the whole bunch of stinking banksters that sold CDO's throughout the world and stole trillions from lied-to buyers.
3. Russia government has less in common today with the USSR than the USA today does to the old USSR, and that is an insult to the old USSR.
4. Russia's currency and financial and fiscal structure is sound... the dollar and the unfunded US debt and liabilities? Give me a break...
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"...if you still find Russia alluring" ???
Aug 01 11:44 am
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All Comments by Objectivity »Global Investing, BRIC by BRIC [View article]
What an overall Absurd Analysis... but why should we be surprised?
Russia haters spout forever their nonsense, and we get such a healthy dose of it in the MSM... but it's no excuse for a book-talking stock tout to recycle it and dress it up as financial advice.
Try these facts on for size, from someone who knows better:
1. The Russian people are better off now than at any time in 91 years plus. Doubt it? Buy a plane ticket to Domodedevo and ask the first 100 people you run into...
2. Foreign and Domestic investors in Russian companies are better protected from criminal activity by managements and governments than anywhere else in the world... and if you think I'm kidding I've got just a few words for you... Fanny Mae, Freddie Mac, Enron, Worldcom, Global Crossing, Royal Dutch Shell, GM, Bear Stearns, and the whole bunch of stinking banksters that sold CDO's throughout the world and stole trillions from lied-to buyers.
3. Russia government has less in common today with the USSR than the USA today does to the old USSR, and that is an insult to the old USSR.
4. Russia's currency and financial and fiscal structure is sound... the dollar and the unfunded US debt and liabilities? Give me a break...
Go back to school Mr. Hutchinson.