If the American stock market is going down, its taking everybody with it. The Moscow Interbank Currency Exchange (MICEX) saw its worst ever day, plunging 17% on Tuesday.

Three months ago the Russian Trading Systems dollar-dominated index hit record highs – along with the oil price. Now the RTS has fallen by half and oil is down one third.

I believe China is the worst performing in the world. Ukraine is right up there. But investors have certainly noticed the u-turn the Russian market has taken in the second half, says Erik Depoy, Alfa-Bank equity strategist.

Of the BRIC emerging markets, China, is down 60%, Russia is down 50, and Brazil and India around 25%.

A lot of other countries in the world are very envious of Russia’s very strong fiscal position, the budget surplus and so on. But the financial markets are a very different story. And again, the fact that Russia was performing so well in the first half is a recognition of this, Depoy says.

Central banks around the world have pumped money into the financial system, led by the U.S. Federal Reserve with $US 50 billion. Russia allotted US $19 billion to the Russian markets on Tuesday, with more planned for Wednesday.

I think Russia’s relatively well positioned because although its right at the bottom its now also by far the cheapest so if there’s a rebound one could assume that Russia will come up really fast, says Tom Mundy, equity strategist at Renaissance Capital.

As bad as the situation may look, there is a silver lining. This latest sell-off shows Russia is now closely integrated in the world’s financial system.

Source:

http://www.russiatoday.com/business/news/30530

Created with no constitutional authority in 1913, the Fed prints money out of thin air and loans it to the U.S. treasury at interest. This can only lead to one outcome: debt. Currently, the Federal Reserve is printing billions of dollars to bail out Wall Street while destroying the middle class and the dollar. If our country wants a sound and transparent monetary system, we need to abolish the Federal Reserve and bring the power back to the American people.

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What has caused the stock market crash. Latest updates regarding the stock market crash that is currently happening.

Source: financial911@gmail.com – for more about the stock market crash

The sub-prime mortgage crisis has led to the bursting of the US housing bubble. What’s next?

Craig Brockie and New York Times best selling financial author and economic forecaster Robert Prechter share how to survive & prosper in a deflationary depression.

Find answers to these questions:

Bull market boom or bear market bust ahead? Recession or depression? Inflation or deflation? Buy or sell? U.S. dollar, Yen, Euro, Amero, gold or silver? Equities or bonds? Can the Fed save the day? Will Ben Bernake and the Federal Reserve print the greenback into oblivion and create a repeat of the German Weimar Republic? Or will we experience another stock market crash followed by a repeat of The Great Depression?

Avoid foreclosure of your home, protect your retirement savings by selling your mutual funds and stocks before the herd, avoid a run on the bank and your insurance company going broke. Sleep well knowing you’re prepared.

Who has the answers? CNBC, Bloomberg, The Wall street Journal, The Economist, The Globe and Mail, or BBC World? How about an interview or panel with Donald Trump, Jim Cramer, Alan Greenspan, Warren Buffet, Doug Casey, Jim Shepherd, Milton Friedman, Naomi Klein, George W. Bush, Hillary Clinton, Barack Obama, Aaron Russo, or Libertarian Ron Paul to save the day?

Should you invest in the NYSE companies, Dow Jones Industrial Average, S&P 500 Index, Nasdaq technology stocks, emerging markets such as China, forex and interest rate derivatives, short selling, put options, call options, commodities, commercial real estate, buy homes with no money down, or sell your house? Who will win the next election — the Democratic or Republican party?

Watch this free video and compare it to what you hear on tv shows, radio programs, Googling the web, or your favorite dvd, Youtube channel or online blog. Or Google “The Great Depression” and educate yourself about “deflation” to save your money and financial well being.

It’s a mad world of conflicting opinions about oil and energy prices, billionaire wealth, billion dollar earnings and merger and acquisition news, and trillion dollar debts. Yesterday’s sell off followed by today’s rally on equities (despite the war on terror) leaves both buyers and sellers confused. What’s the big idea? Small caps, market cap, recap, refinance? Wait, there’s GM, GE, HSBC, UBS, RBC, CIBC, TD, BMO – and plain old BS.

I know this sounds like a George Carlin rant, but I bet he could make more sense of the confusing world of finance than most Wallstreet “experts”, reporters and journalists.

Welcome to my five minute show.

Enjoy!
CraigBrockie.com