Russia’s Set for Venezuela-Style Default

Dutch Uncle

Dutch Uncle

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Numbers don't lie: Morgan Stanley predicts Venezuela-style default in Russia by mid-spring.


https://www.bloomberg.com/news/arti...s-russia-set-for-venezuela-style-debt-default
The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion of Ukraine, according to Morgan Stanley & Co.

“We see a default as the most likely scenario,” Simon Waever, the firm’s global head of emerging-market sovereign credit strategy, wrote in a Monday note. “In case of default, it is unlikely to be like a normal one, with Venezuela instead perhaps the most relevant comparison.”

The default may come as soon as April 15, which will mark the end of a 30-day grace period on coupon payments the Russian government owes on dollar bonds due in 2023 and 2043, he said.
 
Dutch Uncle said:
Numbers don't lie: Morgan Stanley predicts Venezuela-style default in Russia by mid-spring.

https://www.bloomberg.com/news/arti...s-russia-set-for-venezuela-style-debt-default
The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion of Ukraine, according to Morgan Stanley & Co.

“We see a default as the most likely scenario,” Simon Waever, the firm’s global head of emerging-market sovereign credit strategy, wrote in a Monday note. “In case of default, it is unlikely to be like a normal one, with Venezuela instead perhaps the most relevant comparison.”

The default may come as soon as April 15, which will mark the end of a 30-day grace period on coupon payments the Russian government owes on dollar bonds due in 2023 and 2043, he said.
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I hope they are right. Unfortunately, we see the example of Venezuela and it has not dissuaded the Marxist thugs holding that nation in poverty. It hasn't stopped Cuba's Marxist thugs. It won't change Russia until the entire nation rises up against the Fascistic oligarchs who empower thugs like Putin.
 
China is cash rich and will not allow it. Like North Korea - China needs other bad actors to insulate themselves
 
Truth Detector said:
I hope they are right. Unfortunately, we see the example of Venezuela and it has not dissuaded the Marxist thugs holding that nation in poverty. It hasn't stopped Cuba's Marxist thugs. It won't change Russia until the entire nation rises up against the Fascistic oligarchs who empower thugs like Putin.
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If their economy collapses, the Russian people won't be happy campers.
 
Dutch Uncle said:
Numbers don't lie: Morgan Stanley predicts Venezuela-style default in Russia by mid-spring.


https://www.bloomberg.com/news/arti...s-russia-set-for-venezuela-style-debt-default
The odds of Russia making its foreign debt payments are diminishing as bond prices fall, recession in the nation looms and various payment restrictions pile up after the invasion of Ukraine, according to Morgan Stanley & Co.

“We see a default as the most likely scenario,” Simon Waever, the firm’s global head of emerging-market sovereign credit strategy, wrote in a Monday note. “In case of default, it is unlikely to be like a normal one, with Venezuela instead perhaps the most relevant comparison.”

The default may come as soon as April 15, which will mark the end of a 30-day grace period on coupon payments the Russian government owes on dollar bonds due in 2023 and 2043, he said.
Click to expand...

Hope this costs #TRE45ON dearly.
 
Truth Detector said:
I hope they are right. Unfortunately, we see the example of Venezuela and it has not dissuaded the Marxist thugs holding that nation in poverty. It hasn't stopped Cuba's Marxist thugs. It won't change Russia until the entire nation rises up against the Fascistic oligarchs who empower thugs like Putin.
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do you think any other countries have deep staters like putin turning oligarch?
 
Wolverine said:
:laugh:
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67t9wh.gif
 
PoliTalker said:
Hello Dutch,

China would tell Vlad OK but only if you cut Trump off. We don't want to float you if you are floating him.
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That would be a Western reaction. The Chinese would see the opportunity to own Trump and turn him to work for them.

People who put money above all other things are easy to manipulate. Trump is easy to manipulate precisely because he epitomizes unbridled greed. All it takes is money and China has tons of monetary wealth.

In short, people like Trump can be bought. Someone who truly believes in higher values cannot be so easily manipulated.
 
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