Russia to ride out global financial crisis

A tumultuous week on stock markets across the world has left investors shell shocked. But business leaders and politicians say Russia will be spared the worst of the credit crunch. Government assurances and a massive state rescue package are expected to protect Russian households and insulate the wider economy from the crisis.

Category:

News & Politics

Tags:

• stock
• market
• crisis
• russian
• economy
• oil

[johnnyo312]

I don't know how people can be confident now with the U.S Gov. is buying these companies bad assets and taking control of companies like freddy mac. Yesterday U.S Gov. banned short selling on some stocks. Is this the death of free Markets? And now the Chinese are buying Chinese stocks to prop there Stock Market. They basically thrown out "the rulebook" Congress has over step there authority on this matter. It might be good for the short term, but it will hurt the economy in the future.

[seventhspawn]

The whole world is waiting. The sooner the U.S. market crashes, the quicker the rest of the world will be able to recover and drastically improve itself while the U.S. suffers from its own incompitance.

[illuminaz1]

@fastestlapsDOTcom

says who ?

[Ericosproduction]

Go back to the WWII and play Stalin... Fucking commie

[fastestlapsDOTcom]

russia is set to disintegrate in next 3 - 10 years. there will be no russia on the map.

[seventhspawn]

Russia has suffered long enough. It's had its crisis, it's suffered unemployment rates in the 40%'s. (1990's) It's established its trading and manufacturing base, payed off MOST of its debts, opened CD's with the World Bank, its done all the hard work. There is absolutely no reason why its financial future should suffer from the U.S.' carelessness. I suppose at some point it's a good thing not to be tied too close to the western world. And now everyone's giving them shit about Georgia...wtf.

[tarasov12]

The Arab countries are going to abandon the dollar in 2010.

Wait a big war, which America will begin in the Persian Gulf .

American debt to the entire world is more than 8 000 000 000 000 dollars.

US never pay its debts

[w0r1dpeace]

why does the audio always suck?

[3mas3]

are US treasury bonds now going to become junk bonds, how come nobody downgrades those worthless pieces of paper??

[Wabiisabii]

What will really happen here in America during the restructuring is that we can now wipe the Iraq war costs under the table and all the military losses.

Give us lemons we make lemonade and sell it back to you on hot day.

[Wabiisabii]

People in America are not really feeling this the way the news portrays this. The rich bastards here are still rich and poor are still getting by. There is no run on banks and there is no food shortages.

Poor people who got into houses they can't afford and had local and foreign investment firms that bought their mortgages than jacked up the interest rates and payments and called that an asset in their portfolio, well those assholes are getting fucked.