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Moody's downgrades Russia's sovereign credit rating by six notches to "junk" status
Posted on 3/2/22 at 9:18 pm
Posted on 3/2/22 at 9:18 pm
Reuters
quote:Russia is fricked. Putin fricked up.
It also prompted index providers FTSE Russell and MSCI to announce Wednesday that they will remove Russian equities from all their indexes, after a top MSCI executive earlier this week called Russia's stock market "uninvestable".
7
Posted on 3/2/22 at 9:19 pm to HubbaBubba
Damn. NWO going all in on taking Russia out.
Posted on 3/2/22 at 9:23 pm to HubbaBubba
Didn't they already default on some shite? Seems like "junk" is still too high of a rating.
I sat on a call today with an Eastern European money manager giving his overview of the situation. He said between sanctions and defaults, the oligarchs have now lost about $1 Trillion. If that's true, just seems like an overthrow of Putin is in the works.
I sat on a call today with an Eastern European money manager giving his overview of the situation. He said between sanctions and defaults, the oligarchs have now lost about $1 Trillion. If that's true, just seems like an overthrow of Putin is in the works.
Posted on 3/2/22 at 9:24 pm to HubbaBubba
My state has a junk status iirc, IL.
Posted on 3/2/22 at 9:24 pm to Big Scrub TX
Said Eastern European money manager sounds like an total moron
Posted on 3/2/22 at 9:26 pm to HubbaBubba
Who’s going to be the next LTCM? 
Posted on 3/2/22 at 9:27 pm to HubbaBubba
All institutions have been captured....credit rating agencies, sports leagues, financial institutions, etc.
They all exist now to do the bidding of their masters.
Nothing from any institution should be trusted anymore.
They all exist now to do the bidding of their masters.
Nothing from any institution should be trusted anymore.
Posted on 3/2/22 at 9:28 pm to jonnyanony
quote:Tell us more
Said Eastern European money manager sounds like an total moron
Posted on 3/2/22 at 9:28 pm to HubbaBubba
When you are happy with your stimmy the govy gives you, your money goes away
Posted on 3/2/22 at 9:30 pm to Big Scrub TX
quote:I watched on Bloomberg Marketplace as the China markets were opening, and they said Moody's was already saying they were likely to drop it further, tomorrow.
Didn't they already default on some shite? Seems like "junk" is still too high of a rating.
Posted on 3/2/22 at 9:30 pm to HubbaBubba
And we purchase more Russian oil tomorrow too.
Posted on 3/2/22 at 9:30 pm to momentoftruth87
quote:
My state has a junk status
I just checked the status of my junk. Needed some rearranging, but still there.
Posted on 3/2/22 at 9:32 pm to momentoftruth87
quote:
And we purchase more Russian oil tomorrow too.
Posted on 3/2/22 at 9:33 pm to HubbaBubba
I seem to recall, about ten or so years ago, Russia buying an absolute shite ton of gold. I believe tge ruble has the highest gold backing of any State currency. F y i.
This post was edited on 3/2/22 at 9:37 pm
Posted on 3/2/22 at 9:34 pm to momentoftruth87
quote:
And we purchase more Russian oil tomorrow too.
NPR (take it for what it's worth) was claiming today that insurers were walking away from insuring Russian oil and were getting pressure to stop their clients from purchasing Russian oil on the grounds it could get seized.
Their main concern was a coming oil crunch as the market adjusts preemptively.
Posted on 3/2/22 at 9:34 pm to momentoftruth87
quote:
And we purchase more Russian oil tomorrow too.
So Biden is still directly funding the killing of Ukrainians. Interesting.
Posted on 3/2/22 at 9:39 pm to momentoftruth87
It such good policy to make energy an uninvestable sector domestically and just base our economy on selling ads
Posted on 3/2/22 at 9:51 pm to momentoftruth87
quote:Gonna be laughing at Biden when creditors seize a couple of tankers filled with oil bound for the USA.
And we purchase more Russian oil tomorrow too.
Posted on 3/2/22 at 9:57 pm to nola000
quote:
I seem to recall, about ten or so years ago, Russia buying an absolute shite ton of gold. I believe tge ruble has the highest gold backing of any State currency. F y i.
quote:LINK
The latest Bank of Russia reports that only 22% of its international reserves are US Dollars, while gold accounts for 23%.
As of January 28th 2022, Russia holds about $634 billion in international reserves, the world’s 4th largest forex reserves.
Posted on 3/2/22 at 10:12 pm to Big Scrub TX
quote:
Tell us more
You believe that 1 trillion dollars was "lost" so far? Really?
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