&host=rt.com&uri=/business/news/wall-street-movie-gerchik/&via=(none)&ua=CCBot/1.0 (+http://www.commoncrawl.org/bot.html))
Greed and good still central to the trade
Published: 27 September, 2010, 10:38
Edited: 03 October, 2010, 00:39
TAGS: Investment, Markets, Russia and the global economy, Finance
With the second Wall Street movie hitting Russian cinemas this week, Business T spoke with Alexander Gerchik who spent ten years as a trader in the US about the balance between fact and fiction.
26.09.2010, 10:22
3 comments
UK needs to look more closely at Russian investmentPrince Michael of Kent says that British firms should look closer at investing in Russia, but the UK ambassador says Britain doesn’t water down legal issues for commercial expediency. |
27.09.2010, 13:15
Lukoil buys up more of its shares from ConocoPhillipsRussian oil major, Lukoil, has exercised part of its ConocoPhillips buying option, taking another 4.99% of its own shares. |
Got to love Americans, they profiteer off of the profiteers. @Aleg, the moment Russian people start interesting themselves in a debt based economy such as you're trying to sell, will be the most disasterous!!! Russia doesn't have a solid infrastructure to fall back onto, as all debt based economies collapse when people can't spend no more. Russia needs to develop itself and fill the markets with its own ideas and people instead of importing it and saturating market with Mega Corporations. It will only stagnate creativity and entrepeneurs here locally. Banks themselves create many of the problems.
Russia is an emerging economy and its capital market is really showing good signs for the future. For less than 15 years Russia economic liquidity relative to the west which is over 100 years in practice, has shown comparatively a promising opportunity of hope. Once the Russian people show interest in the capital and money market and develop confidence in the banking and other financial intermediaries, then the economy will start spinning in the direction so desired. However, as the interviewee rightly mentioned, comparing Russia's liquidity today relative to the US would be premature but nevertheless Russias economic emerge from the command sort of economy shows rays of hope that liquidity mechanisms are underway...
@Artyom, Agree with you but we must understand that Russia is an emerging economy and for less than two decades it has shown some signs of positive growth which by itself is good news. However, changes do not take place over night, particularly when one considers the land mass of Russia...