Color of the Market Archive, Page #14
Color of the Market A R C H I V E 

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The Color of the Market has been an online meeting place for people interested in emerging market debt since 1996, and has undergone many changes in that time. We have discovered an old archive of Color of the Market messages, covering 5 months starting in late 1998. For the benefit of both old and new Bradynetters, we present this archive untouched.

Note: Back in these days, the forum software was greatly different than the Color of the Market that we are now accustomed to. Without the requirement of registration, the forum began to attract disrupters who would engage in vulgarities, name-calling, impersonation of users, and other childish hijinks. But if you can wade through the nonsense, some of the comments herein are historic, and prophetic.

Enjoy,
IDEAGlobal/BradyNet Staff

Wed Mar 31 21:31:27 EST 1999
PILLX: Russian gold and foreign exchange reserves have fallen to a three-year low of about $10.6 billion, Central Bank chief Gerashchenko said Wednesday, Prime-Tass news agency reported. Russia's reserves had been$11.2billion on March 19,the previous three-yearlow,and have been hit by the government use of the capital to make payments on Soviet-era debt.Reserves included 520 tons of gold on March 11,meaning thatcash reserves are much less than the $10.6 billion total. A top official said that in a bid to keep reserves from sliding further Russia has begun unofficial talks to reduce its sovereign debt by 75 percent.I think that we have already started unofficial discussions.This means that our people have started telephone calls, begun meetings,Yesterday I stated the sum of 75 percent, but that does not mean that all this will be written off," Maslyukov said. "Let us hope that they [creditors] will agree with us. ... I would agree on 70 percent," he added. The Financial Times on Wednesday quoted Maslyukov as giving the 75 percent figure whereas officials had earlier hinted that Russia would like a debt cut of 50 percent, the same as Poland.
Wed Mar 31 21:31:59 EST 1999
PILLX: Russian gold and foreign exchange reserves have fallen to a three-year low of about $10.6 billion, Central Bank chief Gerashchenko said Wednesday, Prime-Tass news agency reported. Russia's reserves had been$11.2billion on March 19,the previous three-yearlow,and have been hit by the government use of the capital to make payments on Soviet-era debt.Reserves included 520 tons of gold on March 11,meaning thatcash reserves are much less than the $10.6 billion total. A top official said that in a bid to keep reserves from sliding further Russia has begun unofficial talks to reduce its sovereign debt by 75 percent.I think that we have already started unofficial discussions.This means that our people have started telephone calls, begun meetings,Yesterday I stated the sum of 75 percent, but that does not mean that all this will be written off,Let us hope that they [creditors] will agree with us. ... I would agree on 70 percent," he added. The Financial Times on Wednesday quoted Maslyukov as giving the 75 percent figure whereas officials had earlier hinted that Russia would like a debt cut of 50 percent, the same as Poland.
Wed Mar 31 21:32:58 EST 1999
PILLX: Russian gold and foreign exchange reserves have fallen to a three-year low of about $10.6 billion, Central Bank chief Gerashchenko said Wednesday, Prime-Tass news agency reported. Russia's reserves had been$11.2billion on March 19,the previous three-yearlow,and have been hit by the government use of the capital to make payments on Soviet-era debt.Reserves included 520 tons of gold on March 11,meaning thatcash reserves are much less than the $10.6 billion total. A top official said that in a bid to keep reserves from sliding further Russia has begun unofficial talks to reduce its sovereign debt by 75 percent.I think that we have already started unofficial discussions.This means that our people have started telephone calls, begun meetings,Yesterday I stated the sum of 75 percent, but that does not mean that all this will be written off,Let us hope that they [creditors] will agree with us. ... I would agree on 70 percent.The Financial Times on Wednesday quoted Maslyukov as giving the 75percent figure whereas officials hadearlier hinted thatRussia would like a debt cut of 50 percent,thesameas Poland.
Wed Mar 31 21:33:42 EST 1999
PILLX: Russian gold and foreign exchange reserves have fallen to a three-year low of about $10.6 billion, Central Bank chief Gerashchenko said.Russia's reserves had been$11.2billion on March 19,the previous three-yearlow,and have been hit by the government use of the capital to make payments on Soviet-era debt.Reserves included 520 tons of gold on March 11,meaning thatcash reserves are much less than the $10.6 billion total. A top official said that in a bid to keep reserves from sliding further Russia has begun unofficial talks to reduce its sovereign debt by 75 percent.I think that we have already started unofficial discussions.This means that our people have started telephone calls, begun meetings,Yesterday I stated the sum of 75 percent, but that does not mean that all this will be written off,Let us hope that they [creditors] will agree with us. ... I would agree on 70 percent.The Financial Times on Wednesday quoted Maslyukov as giving the 75percent figure whereas officials hadearlier hinted thatRussia would like a debt cut of 50 percent,thesameas Poland.
Wed Mar 31 21:34:49 EST 1999
PILLX: Russian gold and foreign exchange reserves have fallen to a three-year low of about$10.6billion.Russia's reserves had been$11.2billion on March 19,the previous three-yearlow,and have been hit by the government use of the capital to make payments on Soviet-era debt.A top official said that in a bid to keep reserves from sliding further Russia has begun unofficial talks to reduce its sovereign debt by 75 percent.I think that we have already started unofficial discussions.This means that our people have started telephone calls, begun meetings,Yesterday I stated the sum of 75 percent, but that does not mean that all this will be written off,Let us hope that they [creditors] will agree with us. ... I would agree on 70 percent.The Financial Times on Wednesday quoted Maslyukov as giving the 75percent figure whereas officials hadearlier hinted thatRussia would like a debt cut of 50 percent,thesameas Poland.
Wed Mar 31 21:37:12 EST 1999
Cheetah: Sure all that may be right, but do you think that the REAL RUSSIAN obligations - the EURO's - won't be serviced ??? Of course they will !!! Primakov know's that the market recognizes these bonds - and ONLY these bonds as the real obligations they have to pay. All the rest could go to 0000.00 (IAN's PRIN's and MIN FIN's) and Russia's lines of credit are INTACT !!!
Wed Mar 31 21:55:15 EST 1999
PILLX: Every year, Russians drink approximately 5 billion bottles of bootleg vodka. The bootleggers' earnings amount to between $6 billion and $7 billion a year,try to answer how to make this money go to the budget
Wed Mar 31 21:55:42 EST 1999
anonymous: Cheat-DAH: Looks like you sold Vennie Bradys at the bottom. Spanky was right, my friend.
Wed Mar 31 21:56:23 EST 1999
La Vita e bella: Russia sending nuclear warheads to Miloslevic. Threatens to launch nuclear attack if Soviet era debt not forgived ! Initial reaction from Camdessus sympathetic, London Club in shambles, Paris Club in denial !! Clinton supports 0 value for PrinIanMinFins ! Hillary losses mount !!!
Wed Mar 31 21:57:19 EST 1999
anonymous: Russians are hiding reserves. There is no way they could even think about getting debt relief if reserves were increasing. Get with it, gang.
Wed Mar 31 22:01:43 EST 1999
PILLX: Almost 50 warships, the core of Russian fleet, including 10 nuclear submarines, have begun military exercises after NATO launched its aggression against Yugoslavia.
Wed Mar 31 22:07:51 EST 1999
PILLX: Alexander Lebed, the retired general who is now governor of the Siberian territory of Krasnoyarsk, said Wednesday that Russia should declare Yugoslavia a "zone of strategic interest" and dispatch military aid to deter the NATO bombing campaign
Thu Apr 1 01:36:00 EST 1999
anonymous: Russia is like the dog that bites your hand when you give him to eat. I.e. the gasoil for their warships on the trip to the Adria will be paid with western loans. Great.
Thu Apr 1 03:38:00 EST 1999
wally: thank you gentlemen for all these interesting comments. no need to read newspapers on the net anymore or watch TV. the colour of the market has it all.
Thu Apr 1 04:02:59 EST 1999
anonymous: To Anon: YOU dont give Me to eat! West swallowed half a trillion dollars of russian money during the last decade, smuggled out of country. All western loans were stolen by mafia in Kremlin and shared with the mafia in oral office and neighbourhoud.
Thu Apr 1 04:51:14 EST 1999
wally: anon: be reasonable. fuel for warships is one commodity russia pumps and refines. no need for western loans in this respect. as far yugoslavia (serbia) is concerned you have to go back to the centuries old relations between the two nations to understand russia's present actions, which by the way are very tame taking history into consideration.
Thu Apr 1 07:46:25 EST 1999
anonymous: russian president is calling for an G8 meeting of minister's of foreign affairs for solving Kosovo "problem".
Thu Apr 1 08:58:02 EST 1999
PILLX: http://www.trustnet.co.uk/it/funds/default.asp?fund=37764 Best in Russian, with 25% discount
Thu Apr 1 09:12:11 EST 1999
PILLX: Russia increase military preparedness,Russia's 31st Airborne Brigade in exercises.Russians test ballistic missile in sea launch.
Thu Apr 1 10:29:54 EST 1999
Roberto Benigni: La Vita e Bella, il CCCC, I would like to be member, what recommendations do you have, gracie
Thu Apr 1 12:02:01 EST 1999
anonymous: TODAY we have good news coming from pakistan.Minister of finance said the best option on eurobonds is no rescheduling.The second best is a buy back of the bond in the market.HURRAH PAKISTAN doesn't want to reschedule euros and has resisted pressures from IMF and PARIS club.Given the news I really think it's time buying some more RF,UKR,EQ,VENI euros.Per i possessori di eurobonds e' festa grande!!!!!!!!ANON FROM MILAN ITALY.
Thu Apr 1 13:03:29 EST 1999
anonymous: great great great!!!!!!islamabad is great.
Thu Apr 1 15:10:28 EST 1999
anonymous: It may sound naive, but i think this serbia/kosovo war will enchance the position of hard liners in Russia and it will make them more arrogant. We already have clear indications of that. I think this will put a dumpening effect for quite some time on any potential for price appreciation. I hope I am wrong, but my view is that Russia will start saying "pay me to pay you". All these souls with hopes - even for eurobonds - maybe be set themselves up for some rude awakenings.
Thu Apr 1 15:17:39 EST 1999
airwolf: I think the G-7 should put a Freeze on all IMF distributions to Russia. That is if any of the members have any commom sense. Afterall the money will only be used against us.
Thu Apr 1 15:18:05 EST 1999
airwolf: I think the G-7 should put a Freeze on all IMF distributions to Russia. That is if any of the members have any commom sense. Afterall the money will only be used against us.
Thu Apr 1 16:10:28 EST 1999
anonymous: russian nationalists intrumentalize the Kosovo affair to make points for the December parlamentary election & the presidential election in June 00. Think of Germany after Versailles. Freezing of any funds? rgds. Spadolini
Thu Apr 1 16:25:23 EST 1999
anonymous: airwolf: The money will be used to pay us back. Throwing the Russians into default almost assures a nuclear war in the next 3 years. Thank God, you and the right wing ain't running the show. I pray my children will never have to live under such a wrong ideology as yours. Do have to blow up before we come to our senses??
Thu Apr 1 16:32:53 EST 1999
anonymous: Anon,...about freezing funds, so what? the reality is that the west has to keep russia engaged into market driven mechanisms. In a situation like that, they will feel more allienated. Either way, some investors will get some cents on the dollar but it will be money from imf, in other words western countries tax payers money.
Thu Apr 1 16:55:01 EST 1999
anonymous: I see you rationale. My point is: it is a good idea to let the upcomming elections pass. the risk of Russia's disintegration into fifdooms should be prevented by all means. don't make the same mistake as the french elite after WWI re Germany. Rgds Spadolini
Thu Apr 1 17:00:31 EST 1999
anonymous: Spaldo.. you are spot on, my friend. I just pray that ego's don't get in the way. Russia is on the verge of anarchy and that must be avoided at all cost, otherwise we are all in deep trouble. Serbia will look like a school yard brawl compared to a Russia in disintegration. What the hell is Stanley Fisher and Rubin thinking? Don't waffle on Russia. Either help them or cut them loose and be held accountable. But, don't f___ing waffle!!!!
Thu Apr 1 17:28:09 EST 1999
anonymous: certainly it's witchwork. Robert Rubin is the best the U.S. have to offer at the moment, we are damned to be optimists. -
Thu Apr 1 17:43:03 EST 1999
anonymous: Wake up naysayers ! Short adoratores ! Cover take cover !! Now come the rally in EQUITIES, 50% rally in Brazil and Venezuela ! I will bet for - I have already bought... El Oraculo
Thu Apr 1 18:01:28 EST 1999
anonymous: Relax my friend, rallies on equities are in local currencies...
Thu Apr 1 18:35:17 EST 1999
anonymous: what does ora-CULO know about local currencies? obasanjo
Thu Apr 1 18:35:26 EST 1999
anonymous: Robert Rubin will go down as one of the U.S.'s worst SecTreas. When this thing unwinds going to make Japan look like a picnic.
Thu Apr 1 18:40:05 EST 1999
wally: airwolf: am i right assuming you are a citizen of the greatest nation on earth? whether yes or no, take off your blindfolds and see the terrible reality of a potential disintegration of russia.
Thu Apr 1 20:50:16 EST 1999
wally: just to loosen up a bit. CNN reports "pope calls for truce and a stop in bombing of serbia" to honour christian easter and jewish passover holidays. obviously the pope does not know that the orthodox serb catholics like their russian brethren celebrate easter a week or so later; or is it a diplomatic way of the pope to extend the truce?
Thu Apr 1 23:06:15 EST 1999
anonymous: I don't see why Russia shouldn't get involved in Kosovo war. They gain a lot of leverage and literally nothing to loose. After all, they are bankrupt.
Fri Apr 2 01:15:29 EST 1999
optimist: Anon: come on,throw a look at oil prices. We do have a lot to lose.
Fri Apr 2 02:40:08 EST 1999
anonymous: TO WALLY, PHILLX, ALEX, PUMA and others.Please note that PAKISTAN is firmly resisting pressures from imf and paris club to reschedule eurobonds saying the best option is no reschedule and second best is a buyback.To me it seems very important for us that imf and PCL test with ISLAMABAD has failed.I DO REALLY THINK WE ARE A LOT SAFER NOW.Comments?RGDS. ANON ECONOMIST FROM MILAN
Fri Apr 2 04:58:03 EST 1999
optimist: Yesterday, one of most prominent Russian analytical TV programs drew attention of the audience to the following: according to Minfin in the first quarter of 1999 Russia paid 5 bio USD in interest and principle on its foreign debt. reserves of Cen Bank decreased during this period by 1.5 bio USD. If we propose this 1.5 bio USD were used to redeem Russia's obligations, where did other 3.5 bio come from? There were no new IMF money, Pclub money or syndication. Officially at least. Taxes collected in Russia during first quarter also can not be source. The anchorman of the show made conclusion there mite have bin some "secret loan" from IMF. At least no reasonable answer as to origination of the resources can be made
Fri Apr 2 05:55:22 EST 1999
anonymous: GUYS you'd better shift your attention to PAKISTAN.IMF AND P.CLUB test on PAKI has failed.We are safe.This is the most important news in the last 3 months.WAKE UP AND STOP TALKING ABOUT MARGINAL THINGS!!!!!
Fri Apr 2 05:56:37 EST 1999
anonymous: GUYS you'd better shift your attention to PAKISTAN.IMF AND P.CLUB test on PAKI has failed.We are safe.This is the most important news in the last 3 months.WAKE UP AND STOP TALKING ABOUT MARGINAL THINGS!!!!!
Fri Apr 2 07:37:31 EST 1999
Puma: Regarding Pakistan I do not think that neither the burocrats of the Paris Club nor the politicians from the member countries will risk the chance to be blamed for the next crisis, volatility, or however you want to call it. So at the end euros will be protected. Regarding th extra USD Russia has used: first, secret IMF loan is nonsense. Second the Central Bank can buy USD in the market and the fiscal position has nothing to do with it. They have a big CA surplus and if they somehow control the capital flight the CB will have either to buy USD in the market or the rouble will get stronger.
Fri Apr 2 08:05:50 EST 1999
wally: milan: that pakistan was and is resisting PC demand for treating euros 'pari passu' with other debt is good news but i feel only better once that demand does not come up any more. the report of journalist subhani about a possible buy-back of euros seems to be very inconsistent. one pak euro due dec99 has a volume of usd 150 mil plus coupon usd 8.625 mil, next coupon due jun22 usd 8.625 mil. with the june payment of less than usd 9 mil an amount nawaz sharif can take out of pakistan's 'petty cash' they can buy time till december. it just does not make any sense. i am always careful evaluating a report when journalists quote an official who does not want to be identified.
Fri Apr 2 08:09:45 EST 1999
wally: report on pakistan euro http://biz.yahoo.com/rf/990401/ed.html read and paint your own picture.
Fri Apr 2 08:14:23 EST 1999
wally: puma & optimist: i too think the 'secret imf loan' is BS and rather believe that russia has still a few dollars stashed away somewhere which it used (partly) to pay coupons.
Fri Apr 2 08:22:15 EST 1999
wally: <russia nothing to loose> even if russia were bankrupt (a dozen latinam countries were and are on the brink) they still have a lot to loose as do we all no matter in what country we live. in addition, please do not assume that russia's politician are stupid. au contraire, they are playing an excellent strategic game compared to nato's blunder (under washignton's guidance) in the balkans. nato has manoevered itself in a corner and does not know how to get out.
Fri Apr 2 08:37:44 EST 1999
optimist: Look, the point is that "regular" investors miss some important information. and thats all. God knows whats the financial sit of the state is now. dont forget, budget was assuming oil price much lower than it is now...
Fri Apr 2 09:35:12 EST 1999
anonymous: Facts :Russia paid $2.1 billion on its foreign debt in the first quarter adding that slightly more will be paid in the second quarter.Russia is scheduled to pay $17.5 billion this year.
Fri Apr 2 09:53:35 EST 1999
PILLX: TO WALLY I LIKE THIS----- ``This is like we will lose our virginity, a damage which cannot be repaired,'' a European banker said.
Fri Apr 2 10:02:54 EST 1999
PILLX: Russian tax revenue rose in March from February, but were lower than levels achieved in January and December, the Itar-Tass news agency reported Friday, quoting Taxes and Tax Collection Minister Georgy Boos. Preliminary data show tax collection totaled between 19.5 billion and 19.8 billion rubles ($1=RUB24.29) in March, up from RUB15.6 billion in February. However, in January the tax service collected RUB20 billion while in December it took in RUB27 billion.
Fri Apr 2 10:04:27 EST 1999
PILLX: World Bank President James Wolfensohn will visit Moscow April 14-15 to conclude talks on the bank's loan programs for Russia, the Itar-Tass news agency reported Friday. Wolfensohn and Prime Minister Yevgeny Primakov will resolve all outstanding issues blocking the loan deal, First Deputy Prime Minister Yuri Maslyukov was quoted as saying. Moscow is trying to obtain $1.85 billion in World Bank loans to fund structural reforms. The bank froze its lending to Russia during the last year's financial crisis, following the government's default on its treasury debt Aug. 17. Maslyukov met with World Bank's Moscow representative Michael Carter earlier Friday. The final loan agreement has to be made between Wolfensohn and Primakov, he said, adding that he and Carter lack the authority to seal a deal themselves.
Fri Apr 2 10:09:56 EST 1999
PILLX: Big Mac Index Shows Euro 11% Overvalued - Economist Magazine, most of the emerging-market currencies, notably those of East Asia, Russia and Brazil, are significantly undervalued against the dollar, following large devaluations
Fri Apr 2 11:36:28 EST 1999
anonymous: "Russia announced on Friday payment agents for its MinFin bonds, one of the categories of hard currency-denominated debt which traders say they believe may not be paid on time or in full. " Why don't they buy back that junk instead of paying interest?
Fri Apr 2 11:58:35 EST 1999
anonymous: Looking to buy DEFAULTED Latin DEBT: please inform prices on TRIBASA, ALPARGATAS, CORIMON, VENEPAL and MEDEFIN thank you
Fri Apr 2 12:51:56 EST 1999
anonymous: To Wally: I agree 100% with you as far as your opinion aubout Russian politicians is concerned and also as far as your opinion about Russians and $$$ in a safe haven is concerned. They are much more clever that we all think.
Fri Apr 2 12:56:03 EST 1999
anonymous: If you all want to change a little bit your ideas and not only think about Russian Eurobonds but about Russian literature, I have you a good idea: Read Anton Tschechov's story "the student". It is about Peter who denied Christ in the night before good friday, 2000 years ago.
Fri Apr 2 13:03:55 EST 1999
anonymous: JP Morgan's top pick of Russian Literature is Tolstoy's, "A Confession".. Morgan sez it could tighten 50 bps in the next 3 months.
Fri Apr 2 13:12:48 EST 1999
anonymous: To rdefault buyer: 1. medefin(socimer) argi. has an est recovery value of 40c with patience 2. tribasa still fresh 3. corimon veni. alreday restructured 4. venepal in veni. illiquid haven't seen any bonds 5 . alpargatas the better of the bunch over time recovery of 60 something ??
Fri Apr 2 13:12:48 EST 1999
wally: pillx: i hold you in high respect although it might look sometimes otherwise especially when YTM calc is concerned. but i never expected YOU to use the big mac index to evaluate euros. this time you really disappointed me. what about using the average rainfall in northern ireland divided by the bra size of virgins from the fiji islands multiplied by the number of lies from the oral office and then take the square root to gauge how many cruise missiles the US will launch against milosevic and achieve nothing???
Fri Apr 2 13:16:39 EST 1999
anonymous: wally you disappoint! you forgot to deduct the number of unborn voters in nigeria whenever there are elections. without this you will never succeed obtaining a 100% correct result. obasanjo
Fri Apr 2 14:06:01 EST 1999
Patient Trader: Masljukov has been quoted recently that it would get really tight in May and he would love to see loans by then. Looking at some duffPhelps monthly breakdown of Russian payments I can see only 1571 Minfins and 46 Euros. Might the punt of a lifetime but I can't judge the odds. Regarding Pakistan I cannot get excited since the Pakistan has no money for buybacks. The Pakistanis have been know for wishful thinking in the past. As long as they persue their atomic weapon program there is no money coming.
Fri Apr 2 14:37:30 EST 1999
unpourtous: Wally, you can't divide by zero. They don't wear bras in fiji.
Fri Apr 2 16:19:37 EST 1999
anonymous: Default trader: I understand there will be a 10c cash disbursement on UNB-Medefin soon, the judge overseeing the colapse of Socimer Argentina/Banco UNB needs to approve, after that there are rumors of an Andre (Swiss) led bid to close the case out for an additional 30c . It is doubtfull to get over 5oc on these defaulted bonds. The other Argi - Alpargatas - package being discussed may be worth close to 45c on the dollar, between bond and equity. Good luck. Gaby
Fri Apr 2 16:59:54 EST 1999
wally: unpourtous: you caught me! but i have a way out since i was addressing pillx. i am sure somebody like pillx has found a possibility to divide by zero.
Fri Apr 2 17:16:19 EST 1999
PILLX: $$$$$03-30-99 Anonymous: That comment is true, it was confirmed, BUT it also included the liquidation of VNESCOMBANK, which means IAN's and PRIN's are going to their REAL VALUE === 0000.00 This was RUSSIA's position, service all Russian obligations and GOODBYE to all Soviet non-obligations... El ORAculo (seems somepeople are long IAN's and not Euro's - wrong choice guys jump over while you still can... )$$$$$ http://www.moneynet.com/content/MONEYNET/CategoryNews/NewsStory.asp?Cat=INTL&SubCat=INTEMERG&ID=SF-04/02-AnL02428388@NEWS-P1&Index=5&HeadlineURL=../CategoryNews/CategoryNews.asp&DISABLE_FORM=&NAVSVC=News\Category
Fri Apr 2 17:52:47 EST 1999
anonymous: someone called ? El Oraculo..... again time to BUY Veni and Brazil equities should be UP 50% over the next 2-3 months (in USD)
Fri Apr 2 20:10:17 EST 1999
wally: and pigs will grow wings and be able to fly.
Fri Apr 2 22:49:20 EST 1999
unpourtous: To all: "The yield to maturity of a bond is its internal rate of return. ie that unique value of "r" which will set the present value of its expected cashflows (coupon payments and eventual capital repayment) equal to its market price." Taken from Quantitative Methods for Financial Analysis, Brown et al, Dow Jones-Irwin, 1987. If anyone is interested, email me for the formula.
Fri Apr 2 23:24:01 EST 1999
anonymous: which wally ? anyways seems like the same reaction 2 -3 months ago when there were BUY BUY BUY recomendations on Latin corporates... pigs may not fly (yet) but Veni equities (sivensa, electricidad de caracas and CANTV) will be UP at least 50% in USD in the next 3 months...El Oraculo
Sat Apr 3 07:56:37 EST 1999
wally: el oraculo: the expression "pigs can or will fly" is more or less a hint for "impossible". personally i have confidence in chavez and my comments in bradynet were always positive. he needs time to sort out venezuelas piled up problems and he has -at least for now- a better oil price. but 50% gains in usd terms looks impossible to me.
Sat Apr 3 11:32:35 EST 1999
anonymous: are you all looking for the easter bunny? obasanjo
Sat Apr 3 12:38:11 EST 1999
Puma: Dear unpourtous in an ecuation of n degrees you may have n-1 solutions. So the solution for r may not be unique. Now you know that you may have as many solutions as changes of signs in the cash flow. (I think if I am not mistaken it is the Boudan-Fourrier theorem, but I will have to check my books on that). In the case of bonds it generally involves one change of sign in the CF and it is a piece of cake to solve it. But in projects and in the case of renegotiations that may involve new money for instance you may have more that one solution. Best regards.
Sat Apr 3 13:02:49 EST 1999
anonymous: Q: What do you think of Russia? A: It's one of the cheapest markets in the world. If you take a very long-term view, you'll make money in the better-quality Russian oil and gas, telecom and utility companies. If we had a meaningful recovery in oil prices, the Russian market could easily triple. The problem is that Russia needs a new government. Yeltsin is a spent force, a source of instability. It will be very hard to get a vigorous restructuring program until we have a new president. If Yeltsin dies in office, Prime Minister Primakov will probably win, because he would occupy the White House. If he lives till the end of the term, then Moscow Mayor Luzhkov could re-enter, because he has strong financial backing. The market would rally if Yeltsin died in office, because his successors could move decisively to implement restructuring reforms.<<< David Hale in this week's Barrons.. Rock on, The Great Waldo Pepper... Wally, I love you man..
Sat Apr 3 13:14:35 EST 1999
anonymous: Q: What do you think of Russia? A: It's one of the cheapest markets in the world. If you take a very long-term view, you'll make money in the better-quality Russian oil and gas, telecom and utility companies. If we had a meaningful recovery in oil prices, the Russian market could easily triple. The problem is that Russia needs a new government. Yeltsin is a spent force, a source of instability. It will be very hard to get a vigorous restructuring program until we have a new president. If Yeltsin dies in office, Prime Minister Primakov will probably win, because he would occupy the White House. If he lives till the end of the term, then Moscow Mayor Luzhkov could re-enter, because he has strong financial backing. The market would rally if Yeltsin died in office, because his successors could move decisively to implement restructuring reforms.<<< David Hale in this week's Barrons.. Rock on, The Great Waldo Pepper... Wally, I love you man..
Sat Apr 3 13:15:13 EST 1999
anonymous: Q: What do you think of Russia? A: It's one of the cheapest markets in the world. If you take a very long-term view, you'll make money in the better-quality Russian oil and gas, telecom and utility companies. If we had a meaningful recovery in oil prices, the Russian market could easily triple. The problem is that Russia needs a new government...The market would rally if Yeltsin died in office, because his successors could move decisively to implement restructuring reforms.<<< David Hale in this week's Barrons.. Rock on, The Great Waldo Pepper... Wally, I love you man..
Sat Apr 3 13:26:52 EST 1999
anonymous: http://asia.yahoo.com/headlines/040499/world/923156760-90403162616.newsworld.html<<< G8 Contact Group to Meet on Kosovo at Request of Russians. Go Russian Peace Deal.....
Sat Apr 3 13:35:18 EST 1999
Cheetah: Obasanjojo and wally "impossible" ? such questioning makes me even more bullish, brings back memories of Veni DCB with a "40" handle in February - instead we have a "70" handle... back then my view "the Veni DCB will be UP 7 points" were met with the same comments... I share Oraculo's views on Veni equities at this time, I disagree in timing, they could be up 50% in one month.
Sat Apr 3 15:09:35 EST 1999
anonymous: Cheetah: You should talk. You sold and were bearish at the bottom on Vennie.. You bought the top and sold the bottom.
Sat Apr 3 15:43:38 EST 1999
anonymous: Anon, try http://www.relaischateaux.fr/filao for Cheetah
Sat Apr 3 15:47:12 EST 1999
Cheetah: Check the dates and comments Sinnombre, maybe you are one of those that was short and ridiculed my recommendation on Veni DCB's, but as I posted two weeks ago I sold my Veni position and bot Veni equities and corp's Mexico (INNOVA) and some Brazil (COMTEL) and some Argi (FARGO). What specific have you recommended ?
Sat Apr 3 15:50:30 EST 1999
wally: cheetah as i said, i was never bearish on venezuela. i believe in chavez. but we have to look at facts. el oracula claims 50% in USD terms (some equities). that is quite a lot. we don't know what the bolivar will do. we had a good run-up in crude, but if you look at history you see that (except for 1973 and 1979) the so-called "production cuts" n e v e r worked. opec members sometimes started cheating before the date of the announced cuts. and if you look at the oil price april 1 (cut coming into effect) we were 56 cts down. venezuelas whole budget is volatile and depends on oil. tell me what the oil price is in three months and i will make a prediction.
Sat Apr 3 15:54:29 EST 1999
wally: puma: i beg to differ. since we have only a few days to maturity left for minfin3 the variables to calculate cash-flow are limited. it would be different if there were years till maturity because then the big unknown variable is what "reinvestment yield" to integrate into the formula.
Sat Apr 3 16:10:38 EST 1999
Cheetah: Ah yes, the Filao Beach hotel on a nice beach to go during lunch time when all the models from the stores in dowtown go for some sun, a la Fiji... but you can go only if you are a CCC member..
Sat Apr 3 16:11:54 EST 1999
anonymous: O that's right. you have never made a bad trade!
Sat Apr 3 16:16:20 EST 1999
anonymous: 03-14-99 Cheetah: (206.49.129.54) Wally, lots of crossover problems from different sectors, which Chavez is not confronting, private property invasions is one of them... his reaction has been a very negative lukeworm... he missed his momentum and from now on his popularity will drop dramatically, any problems are his fault and not Caldera's from now on... I believe upside is now in equities (EDC, CANTV, SIVENSA) - adequate risk-reward, and thats what I did: sold most of my Veni bonds bot some equity and some MEX corps (INNOVA)<<<<<<< THERE YOU GO CHEAT_DAH.. YOU HIT THE LOW BID!!! WHAT A GENIUS YOU ARE!!!!
Sat Apr 3 16:55:54 EST 1999
Cheetah: Sorry, but Veni 27 was around 57 back then (and I had held since BEFORE Chavez was elected - avg cost 51), I have admitted missed it's additional move to 60 (3 points), but... Innova has moved from 73 to 83 (10 points) and please check the move on some of the equities (10 %)... I post what I do, even if you don't like my "book" and that I have made money since October.. Post a recommendation "Sinnombre"...
Sat Apr 3 16:57:04 EST 1999
anonymous: Anonymous seams Cheat-dah got you there !
Sat Apr 3 18:11:52 EST 1999
wally: anon:<lots of crossover problems> yes, agreed because nothing was done for a decade or more. do you expect chavez to perform miracles? invasion of private property is a sword with two edges. i don't know, could be necessary (it would be a necessity in russia!). i can't imagine that any future problems are his fault. for me chavez is the historical hercules with the task to clean up the stables of augias. hercules diverted a river to achieve his goal. maybe hugo is lucky and there is a river of crude oil at prices above usd 20.
Sat Apr 3 18:14:12 EST 1999
anonymous: short cheet-dah!!!
Sat Apr 3 18:34:40 EST 1999
anonymous: 04-03-99 Cheetah: (206.49.129.206) Ah yes, the Filao Beach hotel on a nice beach to go during lunch time when all the<<<< And you call that the GOOD LIFE?? You are one lost Babylonian. Go home now and donate the rest of what you would have spent on vacation to the refugees in Kosovo.. That is the good life Cheat-DAH not your life of superfluous consumption!!!
Sat Apr 3 20:04:14 EST 1999
Cheetah: Sinnombre going commie on me now ? It's not my fault you lost your shirt with your shorts, and all because of following the advise of your friend Spankygirl... Goodlife has always been described as being a CLIP CLIP CLIPPER and enjoying your family everyday and helping out whoever you can everyday at your streatcorner or Kosovo !!!! Even if you have to spend some coupons in St Barths or the K-club or over at PSV....
Sat Apr 3 20:32:00 EST 1999
anonymous: Some recomendations SINNOMBRE !!
Sat Apr 3 21:36:53 EST 1999
anonymous: chort cheat_dah!
Sat Apr 3 21:47:00 EST 1999
anonymous: Rock on, Wally.. Russia gonna be up big next week.
Sat Apr 3 21:50:40 EST 1999
anonymous: rise to the occasion anonymous, make some recommendations, let bradynetters measure your success (or lack of it). Gaby
Sat Apr 3 21:50:55 EST 1999
anonymous: No problem with that Cheetah. just thing you have your priorites ass backwards. if having compassion on the refugees makes me a commie, so be it. i am a commie. so go eat your cavier back in st. barts..
Sat Apr 3 21:51:55 EST 1999
anonymous: chort cheetah!
Sat Apr 3 21:53:01 EST 1999
anonymous: April 8th will market the top of the U.S. stock market.. write it down.. and the collapse will kill the emerging markets..
Sat Apr 3 21:56:59 EST 1999
Cheetah: it's "caviar", with some Grand Damme '86, well chilled, at St Barth's is ok, although the K-club would do just fine... my frustrated short friend. Buy some veni equities they will help you with your misery in a couple of months... who knows maybe we cld meet in Barbuda, maybe enjoying a Chateau Marguax with a Centennial selection Cohiba....
Sat Apr 3 22:01:36 EST 1999
anonymous: Too bad you live in vitual reality Cheat-DAH... always wishing for the Good Life.
Sat Apr 3 22:01:52 EST 1999
Cheeetah: A top in the US market may favor most Emerging Markets, a "top" not a crash. Commodities recovering are a very good portent to our markets, which move in synch with recovering basic material prices... very bullish for Venezuela among others...
Sat Apr 3 22:04:44 EST 1999
anonymous: A top in anyother market than this momentum market. Once it stops rising it will go down hard. The NASDAQ is trading at 120x.. AOL over 500x... What are the odds we see Dow 5000 by the year 2000? Could happen and what happens to the Argentine peg?
Sat Apr 3 22:08:29 EST 1999
Cheetah: Yes, the only part missing is meeting you, "Sinnombre" , that's the virtual side of my life... bring me closer to reality, let me see your recommendations, do you understand any of our markets ? Fixed, Variable Income, money markets, commodities ? I understand the products... beaches, women (I am male), cigars, caribbean sea, coffee, rums... Enjoy reality, become a member of the CCC.
Sat Apr 3 22:14:06 EST 1999
Cheetah: The US market has been correcting now for a year, one sector of the market is very active and many companies are overvalued in the tech sector(like sinnombres IQ), a slowdown is probable, but a crash to dow 5000, very doubtful.
Sun Apr 4 14:36:31 EDT 1999
anonymous: Is there anyone who has, like me, the impression that all this bombing - and now the sending of terrestrian forces - in Yugoslavia is not really for the Kosovo people but that there is another idea behind it. Could it be the following: The Americans fear that at the next presidential elections in Russia a man of either the extreme left or the extreme right could win which would make Russia a quite dangerous country again. So they took the occasion of Milosevitch to attack his country, not to help the Kosovars - they did until now exactly the contrary - but to get a place in the Balkan where they can install a whole army. I cannot really think that they care so much about Kosovars, if they never cared about Kurds, north Irland, the Congo or Eritrea..... What do you think about this way to see it all?
Sun Apr 4 15:57:52 EDT 1999
wally: anon: <bombing yugoslavia> i think your impression is too far fetched that the americans want to estblish a bridgehead in the balkans. my opinion is that NATO and th US have manoeuvered themselves with their big mouths into a corner and now they don't know a way out. i feel ashamed (being a european) that is has come that far. i feel especially ashamed when i heard just now, that greece (NATO member) refused to grant airspace rights to turkey (NATO member) freight planes carrying humanitarian aid for kosovo refugees. i can't express my feelings (being of german origin) that german tornadoes drop bombs on yugoslavia. with our (german) history chancellor schroeder should have pulled all strings available to prevent this. tony blair i don't blame. the joker just listens to his mistress' (madeleine) voice who just carries out the orders of the oral office. everything would be different if monica could still frequent the afore mentioned office to provide some relaxation.
Sun Apr 4 16:07:01 EDT 1999
anonymous: Wally, I don't it is hard for Europeans to realize that the democracies have a moral obligation to stand up for the rights of the oppressed and downtrodden. Yes, sometimes it is selective, sometimes it is hypocryptical. But, you Europeans just never get it. Ignorance and denial are not gonna make your Hitlers go away. Or maybe you don't want them to go away. Let me tell you, my friend, Americans are getting fed up trying save you from yourselves. Pax Americana, Wally is what gives you the time and prosperity to jerk around in the markets. Not Pax Europa -- an oxymoron in the 20th century. Maybe we should just call the troops home and let you Europeans kill eachother. But that just wouldn't be right, would it, Wally?
Sun Apr 4 16:09:44 EDT 1999
anonymous: P.S. What is it Wally in the European character that gives rise to such consistent atrocities over the 20th century. What is it, I am trying to understand the European psyche?
Sun Apr 4 16:12:18 EDT 1999
anonymous: I am part of the CCC club -- C Cheetah Crash!!! Short Cheetah, that is my best rec.
Sun Apr 4 17:27:33 EDT 1999
anonymous: anon, you certainly would refuse to join a club willing to accept you as its member, wouldn't you?
Sun Apr 4 17:54:01 EDT 1999
anonymous: ALMATY, April 4 (Reuters) - Kazakhstan will no longer spend its currency and gold reserves to support the tenge currency, Russia's Interfax news agency said on Sunday.
Sun Apr 4 19:06:18 EDT 1999
anonymous: this war is not a modern war. it is the last episode in europes twentieth-century war of nations. ... the story of our century is in part the story of how nation-tribes failed to live together. ...if we are fighting for a big thing, it is presumably to enforce the subordination of nationalism, after europes bloody century, to international law & global humanitarian values. ... we have gone to war out of instinct but without a coherent philosophy or properly thought out war aims. -excerpts from Anrew Marr, London Observer March 28, 1999
Sun Apr 4 19:06:37 EDT 1999
anonymous: this war is not a modern war. it is the last episode in europes twentieth-century war of nations. ... the story of our century is in part the story of how nation-tribes failed to live together. ...if we are fighting for a big thing, it is presumably to enforce the subordination of nationalism, after europes bloody century, to international law & global humanitarian values. ... we have gone to war out of instinct but without a coherent philosophy or properly thought out war aims. -excerpts from Anrew Marr, London Observer March 28, 1999
Sun Apr 4 20:12:45 EDT 1999
anonymous: Attention: Cheat-dah has just been abducted on his paddle boat by Albanian terrorists. The K (ennel)-Club in Barbuda will miss its long-serving porter and sends condolences to his family.
Sun Apr 4 20:22:12 EDT 1999
Cheetah: Better a porter in K-Club (with CCC membership) than paying up margin calls for being SHORT ala Sinnombre. BUY BUY BUY Innova, Iusacel, Comtel, Fargo, Tricom and some Pesquera Austral (Peru) the cheepest of them all... and stop playing with yourself "Sin-hombre"
Sun Apr 4 20:30:31 EDT 1999
wally: <PAX AMERICANA> vietnam (where you got your asses kicked), laos, cambodia are still suffering and will suffer for decades to come from pax americana (agent orange, mines and undetonated bombs). the list of pax americana goes on and on. rambo movies, "wars" against grenada and panama can and will not compensate for U.S. frustration. what the U.S. wants is to control each and every policy in any region where it suits and for the time being -i admit- no country exists to put a stop to that. who asked to be saved? where do you draw the line? when will you bomb peking because of tibet, or jakarta because of east timor, or london because the britishers still occupy northern ireland? do your homework first and study a bit of recent history before you post unqualified and unsubstantiated remarks again.
Sun Apr 4 20:44:24 EDT 1999
wally: <European psyche> my friend, i don't have a real answer to your question. but if you refer to the balkans you have to go back in history five centuries when the ottoman (turkish) empire had occupied parts of former 'greater' yugoslavia, greece and bulgaria. basic problem was and is different ethnic groups with different languages and different religions; e.g. croats (roman catholic), serbs (orthodox catholics using cyrillic script), bosnians (moslems). during marshall tito's rule of the iron hand yugoslavia was united. now you have slovenia, croatia, bosnia-herzegowina, macedonia, montenegro and maybe soon an autonomous kosovo, all out of the former 'united' yugoslavia.
Sun Apr 4 21:11:53 EDT 1999
anonymous: yea wally. deustcheland uber alles.
Sun Apr 4 21:17:25 EDT 1999
anonymous: David Hale is very bullish on Russia. See this weeks Barrons.. barrons.com
Sun Apr 4 21:25:40 EDT 1999
anonymous: it is *Deutschland ueber alles*, meaning *Deutschland means to me more than anything else* any other interpretation is wrong. Wally why do you bother to discuss colors with a blind man? this is the Color of the MARKET and not the Color of POLITICS.
Sun Apr 4 21:30:07 EDT 1999
wally: agreed. but the colour of politics plays a big role in the markets especially when eurofag fascists like me jerk around. one more thing to add: whenever i spend more than 10 days in germany i get claustrophobic. deutschland ueber alles does not (repeat n o t) apply to me, au contraire!
Sun Apr 4 21:38:29 EDT 1999
anonymous: 04-04-99 wally: (152.163.206.206) agreed. but the colour of politics plays a big role in the markets especially when eurofag fascists like me jerk around. one more thing to add: whenever i spend more than 10 days in germany i get claus<<< Hey Wally, you are a good man. But, just imagine a world without the STATES.. Give me, in one paragraph, a brief glimpse of the world without us dumb ignorant Americans on top? Please and then we will go back to the markets.
Sun Apr 4 22:51:21 EDT 1999
Cheetah: Pleeeease, just look at your backyard, like 90 miles south of Key West... when are you going to bomb Havana ??? It would do much more good than all this sh*t in the balkans, THAT is the SOLUTION to the refugee CRISIS in Kosovo>>>> at least 500,000 kosovars can be relocated in Miami, they can find immediate housing and jobs, english has never been a problem, it is'nt spoken anyways... JUST BOMB HAVANA !!!! CUBA uber alles !!!
Sun Apr 4 22:54:03 EDT 1999
Cheetah: That anony. is your brief glimpse of the world with the STATES on top....
Sun Apr 4 23:16:17 EDT 1999
wally: <imagine a world without the STATES> as paranoid as it may sound this world would not be what it is without the STATES. the U.S. being the only super power left has to play it's role and some of what it did was not bad. what i hate is the hypocricital way it behaves. hyprocrites drive me "nucking futs". from my point of view america and it's politicians should make their points, defend their actions (even with illogical arguments) but stop beating around the bush and spreading lies. let a man like ollie north take over. he will take out that bastard milosevic and consorts in no time if bloody NATO and U.S. politicians don't interfere. but i am asking too much. politicians are liars and cheats, if they don't kiss babies during election campaigns they steal their lollipops. and that goes for politicians in each and every country. let me have my dreams, i let you have yours.
Sun Apr 4 23:24:49 EDT 1999
anonymous: Viva Ollie North ! On to La Habana send Fidel sightseeing to London, let him join Pinochet and then Milosevic . obasanjo
Mon Apr 5 01:27:13 EDT 1999
anonymous: Wally, you have some points. But a world lead by hypocrites, which as you say, is world that will always be led by hypocrites -- albeit, Britian, etc -- is a better world than one led by Nazis and Fascists, NO? I guess Americans feel guilty when they bomb babies and the Euro-Hitlers don't.. Maybe that is the lesson here, NO? We should drop this and go back to the markets. How do you think Russia will trade this week.. I think the U.S. has one more bull leg and then collapses. I see U.S. stocks down 20% from here by the end of Q3 and another emerging market crisis underway, but not before a swan song rally. Your thoughts??
Mon Apr 5 04:57:01 EDT 1999
wally: <swam song rally> when i look at the dow and nasdaq they both give me the shivers especially shares with a p/e unheard of some years ago. but then i laughed when in 1992 a friend predicted "dow 6000" by the year 2000. theoretically these indices could go on rising; remember the old saying "hausse nourishes hausse". i don't really have an opinion on stocks. emerging market(s): i had my full share of crises since the early eighties and mastered them quite well except the last one. history indicates that the periods between each crisis have become shorter and shorter, but how short can they be in future? the last recovery or rally lasted only a few months jan>apr 98 then may>jun a consolidation and then the big bang in august because of russia. if you draw parallels we have the same situation now. because hedge funds are under scrutiny and banks got burnt giving them the leverage we might not have the wild swings but there is still too much hot money floating around globally. summary: my guess is as good as yours.
Mon Apr 5 04:57:58 EDT 1999
wally: <swam song rally> a) when i look at the dow and nasdaq they both give me the shivers especially shares with a p/e unheard of some years ago. but then i laughed when in 1992 a friend predicted "dow 6000" by the year 2000. theoretically these indices could go on rising; remember the old saying "hausse nourishes hausse". i don't really have an opinion on stocks. emerging market(s): i had my full share of crises since the early eighties and mastered them quite well except the last one. history indicates that the periods between each crisis have become shorter and shorter, but how short can they be in future? the last recovery or rally lasted only a few months jan>apr 98 then may>jun a consolidation and then the big bang in august because of russia.
Mon Apr 5 04:58:38 EDT 1999
wally: b) if you draw parallels we have the same situation now. because hedge funds are under scrutiny and banks got burnt giving them the leverage we might not have the wild swings but there is still too much hot money floating around globally. summary: my guess is as good as yours.
Mon Apr 5 06:00:07 EDT 1999
anonymous: Viva Ollie North. fake obasanjo, i shall have you for breakfast! obansanjo, supreme chief of yorubas.
Mon Apr 5 06:19:00 EDT 1999
anonymous: http://www.smh.com.au/index.html read article 'clintons free-lunch war'. obasanjo.
Mon Apr 5 06:56:23 EDT 1999
anonymous: he is perhaps the greatest golf cheat in the history of the game. -Michael Kelly, New Republic, Nov. 1996
Mon Apr 5 07:12:45 EDT 1999
anonymous: thank you nato. thank you america. every bomb fortifies my position. one serbia. one leader. thank you for speeding up my efforts of ethnic cleansing. take them to bonn, london, toronto and guantanmo. they will never come back. slobodan milosevic
Mon Apr 5 07:57:30 EDT 1999
anonymous: slobo, enjoy your vacation on Cyprus after the war is over. Your Larnaka bank accounts won't have suffered, hopefully. greetings, Bettino Craxi, Tunis
Mon Apr 5 09:39:40 EDT 1999
anonymous: "good vibes" coming from Brazil. if no mig bad news break from other LatAm countries we wil see big rally this week! regards, Shon Ka.
Mon Apr 5 09:57:10 EDT 1999
anonymous: http://eve.bradynet.com/cgi-bin/popup.pl?look=1 have a look!
Mon Apr 5 11:22:55 EDT 1999
anonymous: BOMB BOMB BOMBA BOMBA La Habana, fuera fidel, welkom back all Miami refugees... Ros Let
Mon Apr 5 11:40:31 EDT 1999
anonymous: to Craxi. no have money in cyprus. have all money switzerland. but no want go tunis. want be big serb leader. slobodan
Mon Apr 5 16:02:34 EDT 1999
anonymous: If you want to be a great Serb leader just quit mother f...er, killing innocent people makes you the greatest coward of all - sorry Adolph lovers !!!
Mon Apr 5 16:22:35 EDT 1999
anonymous: It's like the markets after all: profits and success bring arrogance and complacancy. However, NATO can still pull a victory if West' leaders decide to use their brains. So far, they play the game(unfortunately)of Milosevic and accelerate the ethnic cleansing. If NATO decides to get involved into ground fighting it will be there for 10 years. Is this the best we can do? Technocrats had their chance, I think it's time for some smart deal makers.
Mon Apr 5 16:44:03 EDT 1999
anonymous: Wally(ref.Germany,Greece) I am afraid you are misinformed about Greece' role. They have allowed turkish planes to fly over on the way to Albania without any hesitation. They condemned publicly Milosevic. They take 10000 refugees for starters and they sent troops to work together with Americans soldiers in Albania. As far as Germany, it's doing the right thing, ethnic cleansing cannot be allowed. Don't forget, there are no optimal solutions during war. Since you mentioned you have German origin, I think it's time to get rid of any guilt you may carry from history. I am half German also, and I believe that Germany has to accept its past and play the role in deserves.
Mon Apr 5 16:44:14 EDT 1999
anonymous: Wally(ref.Germany,Greece) I am afraid you are misinformed about Greece' role. They have allowed turkish planes to fly over on the way to Albania without any hesitation. They condemned publicly Milosevic. They take 10000 refugees for starters and they sent troops to work together with Americans soldiers in Albania. As far as Germany, it's doing the right thing, ethnic cleansing cannot be allowed. Don't forget, there are no optimal solutions during war. Since you mentioned you have German origin, I think it's time to get rid of any guilt you may carry from history. I am half German also, and I believe that Germany has to accept its past and play the role in deserves.
Mon Apr 5 16:58:14 EDT 1999
wally: turkish planes/greece. i quoted CNN.
Mon Apr 5 17:17:34 EDT 1999
anonymous: CNN showed film footage yesterday showed that aid from turkey had to be trucked overland from bulgaria as greece REFUSED air traffic rights for turkish freight planes. today greece granted traffic for first plane with 152 refugees.
Mon Apr 5 19:51:30 EDT 1999
anonymous: Guys it's TIME to BUY some equity futures and options!! Brazil, Venezuela, So Africa, Russia and enjoy the ride. My personal favorite is CANTV (18.75$) target $30 by end of semester... Nick Leeson
Mon Apr 5 20:11:01 EDT 1999
anonymous: Sorry, Nick... but I like the spread trades.... Joe Jett
Mon Apr 5 20:14:27 EDT 1999
anonymous: Hello, Girls! I sense a bit of frothiness.. Gonna wait to set up some shorts again cause I think we go a little higher... Up the staircase and down the flag pole!! Watch out for your flag pole, girls! Luv ya, Spanky!!!!1
Mon Apr 5 20:16:29 EDT 1999
wally: bloomberg asia flash news: 750 refugees d e p o r t e d to turkey. god bless america.
Mon Apr 5 20:20:16 EDT 1999
anonymous: Wally, you there?
Mon Apr 5 20:35:54 EDT 1999
wally: yes i am "there".
Mon Apr 5 20:42:52 EDT 1999
wally: and here is the utmost nonsense and stupidity from "my country": BONN, April 4 (Reuters) - Yugoslav President Slobodan Milosevics palace in Belgrade could become a target for NATO air strikes, German Defence Minister Rudolf Scharping was quoted on Sunday as saying. "He shouldn't have the feeling that he will can murder people in Kosovo, but remain unmolested himself," Scharping told the mass-circulation Bild am Sonntag newspaper. what does bloody scharping think? slobodan is in his "palace"? how come the bad guys always live in palaces and the good guys reside in the white house, hardthoehe, palace d'elysee, etc.?
Mon Apr 5 20:47:09 EDT 1999
wally: "deutschland ueber alles" mit arschloechern wie scharping; ein verteidigungminister der noch nicht mal gedient hat. aber was kann man von einer rot/gruenen koalition erwarten. nichts anderes als "tax and spend".
Mon Apr 5 20:54:43 EDT 1999
anonymous: please somedoby translate.
Mon Apr 5 22:02:23 EDT 1999
anonymous: nick leeson: how is your prostate doing?
Mon Apr 5 23:50:50 EDT 1999
anonymous: In these bars I have learned much about the spread trade, so much that now I giveth, the spreads are offered to me, therefore my prostate is fine thank you. On this investment idea, BONDS have run much faster than equities, they have SPREAD apart (ha, ha), any ways time to BUY BUY, equities WILL catch up to bonds, domestic interest rates are COMING down, thru out most EM, Equities will trade UP before bonds correct... the problem for spankyfollowers and there LTCB brethern is that I do not see the CATALYST for such a movement, no china deval, hera in SINGApoor the only news will be when I go, RUSSIA is ok - no "escalation" of the Balkan thing - o how I miss Monica, and Venezuelas Chavez told me the other day to expect positive announcements now that he has breathing room (oil).... SO BUY BUY BUY mostly Veni equities ... Nick
Tue Apr 6 01:28:53 EDT 1999
anonymous: Wally, because the Americans are the only good guys in the world. That is true, you know? Why do Americans always have to fight your (Eurofag fascists) bloody wars???? I must admit though: The Germans are the most honest and honorable businessmen; the French are complete clowns; the Brits are drunks, lazy, and make nice lap dogs; the Italians, are, well, Italians; the rest don't matter. Modern day Europe is reflected in the new Eurodog currency. Weak, no bid, no spine....
Tue Apr 6 01:32:27 EDT 1999
anonymous: Just kiddin' Wally.. Just as I know you don't MEAN what you say about us dumb, uncultured, uneducated, and ignorant American backwater hicks....
Tue Apr 6 01:41:32 EDT 1999
anonymous: Wally, tell me something.. Can you categorically tell me that Alan Greenspan or Bill Clinton do not surf the net; have never exchanged ideas on Bradynet; and is not Spanky?? Can you say that, without a doubt?
Tue Apr 6 01:44:26 EDT 1999
anonymous: That is the rumor in Washington, Wally.. Bill Clinton is a late night web surfer! How 'bout Schroeder???
Tue Apr 6 01:45:24 EDT 1999
anonymous: Hey.. if he had late night phone sex with an intern.. guess anything is possible.
Tue Apr 6 02:28:41 EDT 1999
anonymous: Schroeder was messing around in the female Press Corps, like Brandt did, where he knew his last (4th) wife. He's still too busy with her and trying to be THE COOL to surf the net. Joker.
Tue Apr 6 06:03:47 EDT 1999
anonymous: it is very sad that i was decloaked in bradynet. i always followed your discussions and then made my recommendations and decision in th FOMC meetings accordingly. can't do that anymore. alan greenspan.
Tue Apr 6 06:23:09 EDT 1999
wally: anon: alan answered your question. i don't know about bill. <the only good guys> there are dumb, uncultured, uneducated, and ignorant americans, europeans, asians and aussies. nick: nice to hear you are doing fine. when will you leave the singapore monkey house? eurodog currency: all puppies have to grow first. this puppie was trying to bite before it was able to bark. time will tell whether it grows to be a chihuahua or a german shepherd.
Tue Apr 6 09:36:52 EDT 1999
anonymous: http://eve.bradynet.com/cgi-bin/popup.pl?look=1 NY boys are taking profits.
Tue Apr 6 10:04:25 EDT 1999
JMC: To ANON <the only good guys are the Americans>, I cannot believe I am hearing this. Even when I was dealing out of NY I had to admit the brits were generally the best traders (although they do like a drink) as for the French and Italians, take a look around your trading room and guess the ethnic origins of some of the dealers. As for the Americans, stick to the mineral water- In my opinion you can trace the lineage of MOST (although not all) US dealers back to their slack jawed great Gran-pa's who bought "old man Rielly's cure for all ailments" or the new version peddled by LTCM or McGinnis or whoever.
Tue Apr 6 11:11:26 EDT 1999
anonymous: Bulgaria IAB is the trading play......down to 63.......couple of minutes after news on cease fire...up to 66.25....room to go to 68-70
Tue Apr 6 12:14:15 EDT 1999
anonymous: I was thinking for two days about how Serbia will pay the reconstruction expenses(several billions). Well, I found the answer. They will upgrade their government after the end of the war, make friends, the ingenious dealers in New York will recommend them as unique opportunity, bored money managers will invest in local currency and dollar paper and after 5 years Serbians will say it's time for restructuring. How many times have we seen this movie?
Tue Apr 6 13:47:37 EDT 1999
PILLX: Finance Ministry Pledges to Service Minfin Bonds on Time $$$$$ The Russian Finance Ministry said that it plans to make payments on minfin bonds on time.The ministry said in a press release Friday that it plans to redeem the 3rd minfin issue, which matures in May, as well as pay the coupons on bond issues 3 through 7.The bonds can be presented to the following payment agents of the Finance Ministry: the Central Bank and Vnesheconombank (redemption of 3rd issue and coupon payments on all issues) and Sberbank (coupons on issues 4 through 7).The Central Bank will only make payments to banks, while Vnesheconombank and Sberbank will make payments to all categories of bondholders, the ministry said.The 3rd minfin issue matures on May 14, which is also when the next coupon payments on all minfin issues are due. The 3rd bond issue amounts to $1.322 billion, and the coupons on issues 3 through 7 total $333.63 million, so the overall amount due is $1.656 billion. This is the largest single forex payment due on Russia's state debt this year.
Tue Apr 6 13:49:29 EDT 1999
PILLX: 2222 The Central Bank will only make payments to banks, while Vnesheconombank and Sberbank will make payments to all categories of bondholders, the ministry said.The 3rd minfin issue matures on May 14, which is also when the next coupon payments on all minfin issues are due. The 3rd bond issue amounts to $1.322 billion, and the coupons on issues 3 through 7 total $333.63 million, so the overall amount due is $1.656 billion. This is the largest single forex payment due on Russia's state debt this year.
Tue Apr 6 13:49:50 EDT 1999
PILLX: 11111 Finance Ministry Pledges to Service Minfin Bonds on Time $$$$$ The Russian Finance Ministry said that it plans to make payments on minfin bonds on time.The ministry said in a press release Friday that it plans to redeem the 3rd minfin issue, which matures in May, as well as pay the coupons on bond issues 3 through 7.The bonds can be presented to the following payment agents of the Finance Ministry: the Central Bank and Vnesheconombank (redemption of 3rd issue and coupon payments on all issues) and Sberbank (coupons on issues 4 through 7).
Tue Apr 6 14:03:05 EDT 1999
Vlad: PILLX,please define more precisely from which source You have this information(The ministry said in a press release Friday that it plans to redeem the 3rd minfin issue, which matures in May, as well as pay the coupons on bond issues 3 through 7).
Tue Apr 6 14:15:58 EDT 1999
anonymous: Can anyone help me please. where is good lvl for c bonds? thank you .
Tue Apr 6 15:06:55 EDT 1999
anonymous: Top performing bond indices this year: 1) Russia; 2) Ecuador; and 3) Venezuela.. All underweights by the street analysts in the first quarter!! Contrarian plays almost always make money!!!!
Tue Apr 6 15:11:07 EDT 1999
Vlad: PILLX,please define more precisely from which source You have this information(The ministry said in a press release Friday that it plans to redeem the 3rd minfin issue, which matures in May, as well as pay the coupons on bond issues 3 through 7).
Tue Apr 6 15:27:25 EDT 1999
anonymous: Russian govie would be fools to pay MinFin... probably some sort of exchange so Spermbank doesn't fail when they default..
Tue Apr 6 15:31:57 EDT 1999
anonymous: Love these spreads...love brasil...I think that we're finally going to see some tightening on the EMBI...stay out of russia.. let this salvo of defaults go and then jump in baby!!! What'dyo like in ARgentina..I can't decide but I just know that I LIKE IT! I L-I-K-E I-T!!!
Tue Apr 6 16:02:50 EDT 1999
anonymous: Vlad, unfortuntately Pillx never mentions the source of his elaborates. obviously he is no academic but a self made man.
Tue Apr 6 16:05:59 EDT 1999
anonymous: go on amigo. like argentina. big bang is around the corner.
Tue Apr 6 16:09:04 EDT 1999
anonymous: Check out MRS Log - best value/sponsor play in Latam
Tue Apr 6 16:16:40 EDT 1999
anonymous: http://www.orlandosentinel.com/opinion/columnists/reese/040699_reese06_21.htm <--- an american with guts
Tue Apr 6 16:49:00 EDT 1999
anonymous: Pilllx, you are a great guy and I believe without the slightest hesitating what you are citing. By the way, they did never say anythig else that they will pay. And why shouldn't they pay. They will show the world that they are able to pay also without IMF money. It is strange, isn't it?
Tue Apr 6 20:36:23 EDT 1999
wally: BRADYNET: isn't it about time to consider opening "the colour of politics" where one can abuse and insult politicians and/or governments and "the colour of insults" where we can abuse each other with no holds barred? i am not quite sure that this would separate the actual bond discussions from B.S. but i think it is worth a try.
Tue Apr 6 21:55:27 EDT 1999
anonymous: quote "You know, for a draft dodger and war protester, Clinton is the most bomb-happy president since Lyndon Johnson" end quote He bombs but he never inhaled cordite ot tnt.
Tue Apr 6 22:13:08 EDT 1999
anonymous: oh yes. i want to insult you arrogant german asshole. obasanjo.
Tue Apr 6 22:21:17 EDT 1999
wally: obasanjo. you have been an honoured guest in my house in makurdi in aug 1983 and despite different political views our relation was quite cordial even in the presence of your foe and my friend aper aku. why would you insult me now? you are not obasanjo but a fake. i believe you are not even african but some kind of latin lover.
Wed Apr 7 02:59:24 EDT 1999
anonymous: obasanjo: you rather should spend your time making love with your numerous wives than spread your "intellectual" protuberances on this board.
Wed Apr 7 08:56:39 EDT 1999
anonymous: "We think the market has had a pretty good run. It was probably ripe for some profit taking,"
Wed Apr 7 09:11:37 EDT 1999
anonymous: Relative Value Trade Idea: Buy Brazil EI – Sell Argentina FRB Emerging Markets Report: Wednesday http://www.bradynet.com/stan-commentary.html
Wed Apr 7 09:22:55 EDT 1999
JPC: Money flows are turning positive again in the Brz markets. For example Foreign investment in the Sao Paulo bourse increased for the second month in a row, bringing the accumulated gains to 985 million reais after investments fell by a net 1.408 billion reais in December and January. Franco is now saying that Minas Gerais is going to honour its debts, key legislature is seen passing throgh congress. Positive sentiment, I see bond spreads nearing Mexican levels. Buy before its late
Wed Apr 7 09:24:02 EDT 1999
anonymous: Anonymous: Seems like a good idea. Argentina is expected to announce that economy contract this year and Brazil looks like it is turning around.
Wed Apr 7 09:29:29 EDT 1999
anonymous: JPC: I think that you are right about the sentiment of Brazil turning positive, but I think prices will reach Mexican levels in the near future. Remember that Mexico has one thing that Brazil doesn't have: the protective wings of its northern neighbor, Viva Nafta! Anton
Wed Apr 7 09:40:07 EDT 1999
anonymous: Worries about the IMF mission are the biggest thorn troubling the market now.I don't like having to sit around waiting for news about what Russia can expect from the Fund The IMF money to Russia isn't in the bag yet no matter how optimistic the government is. Last week's announcement (that the IMF would resume lending to Russia) was only a promise of a promise. The government still has to do its part.
Wed Apr 7 09:44:47 EDT 1999
optimist: Minfin's statement of Friday mentioned nothing on redemption of MF3. All its said is that paying agents for transaction are designated. On Monday CenBank disagreed to become paying agent BTW. Mkt sold this news yesterday. Currently MF 3 stands at 38/42 with no apparent sellers buyers ard. Tr 5 offered below 6 and only interest is in tr 4 which trades slightly above 8. Regards to king of brain washing Pillx
Wed Apr 7 10:01:29 EDT 1999
anonymous: Nonsense about IMF not in the bag. Do you really think that the IMF will drive Russia into the Serbia/Iraq camp. Get real, boyz.. Bonds that yield 45% are by nature not a "feel good" trade. If you wanna feel good about being long, go buy Panama at 9%.. Whiners should not be allowed to venture into Russian assets.. Only real men belong there..
Wed Apr 7 10:06:45 EDT 1999
anonymous: I remember seeing these "real men" cry like babies last August!
Wed Apr 7 10:31:05 EDT 1999
anonymous: JPC I think the C's should still be heading up as the news are good. Rates and inflation are falling and there is an improvement in the (trade) volume with the entrance of some money from abroad. On top of it Duff & Phelps Credit Rating agency on Tuesday raised its outlook of Brazil's sovereign ratings from negative to stable. However at home, an opinion poll showed President Fernando Henrique Cardoso's popularity had slumped to a new record low as the country slips into one of its worst recessions in decades.
Wed Apr 7 13:27:40 EDT 1999
PILLX: Russian tax revenues totaled 52.03 billion rubles in the first quarter, up from RUB10 billion to RUB12 billion a year ago, Russia expects to collect a total of RUB277.7 billion in taxes in 1999. Expected tax collections in 1999 will account for 6.4% of the gross domestic product, up from 5.1% last year.The tax minister also highlighted his agency's improvements in cash collection, noting that for the month of March alone, the ministry increased cash tax payments by 30%.

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