Russian ruble in free fall

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NotADcotor

His most imperial galactic atheistic majesty.
Mar 8, 2017
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y2kmark said:
Hope that's a joke. The number one pitfall in investing is to chase yield
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There is more to this than "chasing yield"
The number one good idea in investing is to invest when blood is running in the streets.
www.investopedia.com

Contrarian Investing: Buy When There's Blood in the Streets

Nathan Rothschild said to buy when there is blood in the streets. See how contrarians find opportunities in the worst market conditions.
www.investopedia.com www.investopedia.com
Doesn't always work but still.
 
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danmand

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NotADcotor

His most imperial galactic atheistic majesty.
Mar 8, 2017
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danmand said:
Worked for the Rothschilds.
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If anything, the number 1 pitfall in investing is panic. It is a pitfall you can use to make money if you have gonads of steel.
 
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danmand

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NotADcotor said:
If anything, the number 1 pitfall in investing is panic. It is a pitfall you can use to make money if you have gonads of steel.
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A recent good example is Bombardier. Prefs went to $7 for a while.
 
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Frankfooter

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mandrill said:
www3.nhk.or.jp

Japan freezes Putin's assets, joins SWIFT sanction | NHK WORLD-JAPAN News

Japan has decided to freeze the financial assets of Russian President Vladimir Putin and other key government officials in response to the Russian aggression in Ukraine.
www3.nhk.or.jp www3.nhk.or.jp
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You think that's something?
This is how you know its not going well in Russia.

Russia president Vladimir Putin has signed a decree to prohibit Russians from leaving the country with more than $10,000 in foreign currency, Russia state media outlet TASS reports.

Citing the decree, the news agency reported:

The export of foreign currency cash and foreign currency instruments over $10,000 calculated based on the official exchange rate set by the Russian Central Bank on the day of export will be banned starting on March 2.”

The move is an attempt to “ensure Russia’s financial stability” according to a statement from the Kremlin press office.
 
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y2kmark

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May 19, 2002
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So, buy rubles? Not bloody likely in my case...
 
mandrill

mandrill

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Darts

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I suppose Russia can always print more rubles since it's their pwn currency. That's what 1980's Brazil and 1930's Germany did.
 
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Darts

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PeteOsborne said:
I might cash in some Blockbuster and Enron stocks so I can get me some rubles for when it goes back up, maybe some Sears Canada stock while i'm at it, LOL
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Would you be interested in buying some Russian railway bonds?
R.jpg
H18968-L157826843.jpeg
 
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