Gtarras

Mother Russia's Allure

Well, I do not even know where to begin as far as sources are concerned. I have been follwing Russia market for the past two years closely. First off, I read Russian, and pick up a lot of data from the .ru universe. I also have access to IB research sites. But I also thought many reputable info providers like Bloomberg had the numbers consistent with what I know. Here is what I thought they look like:

Russia corp debt is about $450B total (about $130B- $190B is due this year). Sovereign debt is about $20B (peanuts).

Total reserves stood at $650B last June, but they have used a third to defend currency (down to $400-$$500B), and are using quite a bit to help "system forming" corporations to meet the debt obligations.. All together, I believe some Russia based economists estimate that the real reserve currently stand at around $300B+ if you factor in the govt's guarantee s for the corp debt...

With oil climbing now, the reserves are being replenished. I am actually long Russia.






On May 05 12:26 PM Keith McCullough wrote:

> We pulled the information from a Bloomberg article, which was corroborated
> by independent data points. What is the basis for your numbers?<br/>

Mother Russia's Allure

Keith
where do you get the following numbers from?

$780 Billion of corporate debt, $135B-$220B of which is short term debt due this year

Russia's international currency and gold reserves, the world's third largest, increased to $900 Billion

????

I follow Russia closely, and this is the first time I have seen these estimates. They are greatly inflated compared with what I am seeing. Maybe I am missing something? Thanks.