Color of the Market Archive, Page #17
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

Fri Apr 16 03:56:02 EDT 1999
anonymous: I am reading a book about the Vietnam war. It's very interesting. I enjoy it more because I watch a movie with very similar story on CNN. What happened to the Western world? Isn't there any leader left to speak up? It's pathetic, depressing and sick what is happening.
Fri Apr 16 06:32:38 EDT 1999
Alexander: Ich will mich in Eure Diskussion nicht zusehr einmischen,aber heißt das Restaurant nicht "MösenFick"???grüße
Fri Apr 16 06:55:16 EDT 1999
anonymous: alex is getting lascivious. How to hold BN clean and nice?
Fri Apr 16 07:18:41 EDT 1999
Puma: Someone mentioned Venezuela. This one nowadays is the short that offer the best risk/reward ratio. The only reason it has had some demand is because Lehman took a group of investors there a few days ago ther and they came back bulish on the country. It is funny because a few years ago we had a monkey in Ecuador that was thrown out of power, now the one in Veny wants to establish a Dictatorship through a referendum, I wonder what are Fujimory or Menem (areal monkey) going to do? Are the winds changing in LA? Be careful!
Fri Apr 16 07:30:26 EDT 1999
Alexander: I didn't start this discussion on Möwenpick Restaurants,please!Why are you always anonymous?
Fri Apr 16 07:40:20 EDT 1999
Alexander: <<I am reading a book about the Vietnam war. It's very interesting. I enjoy it more because I watch a movie with very similar story on CNN. What happened to the Western world? Isn't there any leader left to speak up? It's pathetic, depressing and sick what is happening>>THIS IS EXACTLY MY OPINION TOO,WHY ARE YOU AFRAID OF POSTING YOUR FIRST NAME???WHAT IS THIS ALWAYS WITH YOU ANONYMOUS GUY??????RGDS.
Fri Apr 16 08:00:08 EDT 1999
wally: alex: nomen est omen. anonyMOUS(e) means they are scared mice, using their office internet connection or are just plain scared of the taxman.
Fri Apr 16 08:07:32 EDT 1999
Alexander: Hi Wally,I agree,but in order to differenciate between ANONYM 1,2 or 3 the person might call himself Jeff or Joe or Billy or whatever
Fri Apr 16 08:08:07 EDT 1999
wally: puma: chavez is bitter medicine for a certain group in venezuela but where is the alternative? oil price (if stable) and rigorous measures applied might help him to succeed. my opinion: stay cautiously optimistic but don't short. going short was quite costly for a bunch of investors since chavez emerged (long before he actually took over).
Fri Apr 16 08:13:09 EDT 1999
wally: alex: we all have tried since more than a year that anonymouses assume some kind of name in order to differentiate. they either don't understand of perhaps their IQ is slightly to the downside.
Fri Apr 16 08:58:37 EDT 1999
anonymous: To stay anonymous is one of the different possibilities which Bradynet is offering. If you, gentlemen, want to take advantage of the possibility one: giving yourself a name, please go ahead and do so. Who knows by the way if wally is always wally and alex is sometimes alexander. But what is wrong in choosing the way you like best. Let's be free, as free as the internet is allowing it.
Fri Apr 16 09:03:00 EDT 1999
Alexander: To naswer you point directly,if its now low postings and ONLY you are in discussion with me and Wally,OK!But if there are 11 Anonymouses,who is communicating with whom???
Fri Apr 16 09:05:20 EDT 1999
anonymous: wally: Chavez don't look like a good president for investors, but from all the options Venezuelan people have he is the only one who MAYBE do something good. In the end if Chavez help the peolpe and the country it will be good for investors too. The big question is: Can he do it??? Regards, Shon Ka.
Fri Apr 16 09:13:47 EDT 1999
anonymous: Veni is up big today in NY. DCB+ 3.12, Par+ 1.50, 18's + 3.00 and 18 + 3.80 . Those scared of Chavez, are you feeling a squeezing sensation.....
Fri Apr 16 09:16:27 EDT 1999
Alexander: My grandfather use to say,information can lead to ruination!Vennies first short-victims prove it.....rgds to all
Fri Apr 16 09:16:35 EDT 1999
Howard: Gnom vo Zueri: Please rethink your projection of a price of 200 for RusFed 28, YTM would be unacceptable. Using the year 2008 (an arbitrary year), the calculation would be as follows: Price 200, curr. yield 6.375% YTM 1.375% (REPEAT: YTM 1.375%) versus a bond issued in 2008, price 100, curr. yield 6.375%, YTM 6.375%. Note: It would serve you better if you used Alexander's prediction of 150 (a very attractive goal) using year 2008: Price 150, curr. yield 8.5%, YTM 6.0% versus a bond issued in 2008 price 100, curr. yield 6.0%, YTM 6.0%.
Fri Apr 16 09:21:50 EDT 1999
wally: shon ka: why is chavez not good for investors? look at the stock market and look at the bonds (even in usd terms). he might be a radical but i am still convinced he is not stupid.
Fri Apr 16 09:23:56 EDT 1999
anonymous: howard: i am always joking. you chaps are sometimes too serious. take sometimes a look at the bright sides of life! gnom vo zueri
Fri Apr 16 09:24:13 EDT 1999
Howard: Anonymous: Yes, Palestine was 90% Arab (your percentage) AFTER the majority Jewish population was driven out. Please reference the Bible as a historical document. Perhaps you should begin with Jesus, his followers and his society, to validate the inhabitants of the land of Israel. In addition, Arabs currently populate and control 2/3 of what was formerly Palestine (eastern portion renamed Transjordan, and again renamed Jordan). Ammon, the current capital of Jordan, was a city in Palestine (reference an early edition of Encyclopedia Brittanica), and please expand your time horizon when you consider an ancient area such as the Middle East. It has been a long struggle for Jews to get back to their roots. On a philosophical note, as the year 2000 approaches, with its many hatreds among this planet's inhabitants, it might still be so in the year 3000. Let us hope not.
Fri Apr 16 09:28:27 EDT 1999
Alexander: Please Howard,NO middle east discussion on BradyNet!!!The site is http://www.israelwire.com/index.html WE ARE A BUSINESS SITE! d"sh
Fri Apr 16 09:29:34 EDT 1999
wally: i am always wally. it is easy to check with my two IP numbers. you don't have reveal your identity. just put bill, buck, hank or joe or if that sounds too american add any assumed name. it would be much easier to adress individuals.
Fri Apr 16 09:33:14 EDT 1999
anonymous: if we go back in history then it should be go back much before jesus as history did not start a.d. 1!!!
Fri Apr 16 09:36:38 EDT 1999
wally: YES! let's go back to the time when the LORD said "there shall be light" to enlighten us all that the jewish/arab/palestine problem should really not be a subject in this forum.
Fri Apr 16 09:37:18 EDT 1999
anonymous: http://www.mamma.com/Mamma?lang=1&timeout=6&cb=mamma&qtype=0&query=history&summaries=on for those who look for history.rgds.Frank
Fri Apr 16 10:05:47 EDT 1999
anonymous: wally: Venny bonds has underperforming lately because of all the "investor worries" on the economic crisis and Chavez. Venny bonds go up only after oil prices rise. I agree he is not stupid, but it is very difficult task he wants to do. Rgds, Shon Ka
Fri Apr 16 11:08:35 EDT 1999
anonymous: Sinnombre ! Where ARE YOU ? Veni equities UP UP UP, Electricidad de Caracas already UP 43% in USD !!! Less than two weeks ! CANTV up 42% in USD .... what are you going to say now ?
Fri Apr 16 12:08:45 EDT 1999
anonymous: Cheat-DAH: You sold Vennie at the bottom. You know it, I know it, and the Bradynet knows it. You hit the bottom tick. Aren't you proud of yourself?
Fri Apr 16 13:58:40 EDT 1999
anonymous: I have seen Cheetah's timing and he sold Veni to early but he recommended before Chavez took power. Anonymous you are a liar and misinformer. GLL
Fri Apr 16 14:00:58 EDT 1999
anonymous: AND Cheetah recommended BUYING equities two weeks ago. Good timing or Bad ??? Where are YOUR recommendations Anonymous. GLL
Fri Apr 16 14:21:07 EDT 1999
anonymous: It's about time all the Eurofags on this site start showing the U.S. some respect. I am sick and tired of the eurofaggot winers who couldn't defend a wet noodle, much less noble principles as the U.S. is trying to do. Just imagine a world run by Europe. Now that's a scary thought!!
Fri Apr 16 14:24:21 EDT 1999
anonymous: 04-16-99 Anonymous: I have seen Cheetah's timing and he sold Veni to early but he recommended before Chavez took power. Anonymous you are a liar and misinformer. GLL <<< WRONG! Go back and read the old messages. Cheetah was bullish when Chavez took power; got bearish at the bottom; and now denies he had a sexual relationship with that bond. Cheetah is really Hillary in drag!!!!
Fri Apr 16 14:25:54 EDT 1999
anonymous: U.S.FAG why don't you f... yourself (with due respect!) eurofag
Fri Apr 16 14:28:05 EDT 1999
anonymous: 04-16-99 Anonymous: U.S.FAG why don't you f... yourself (with due respect!) eurofag <<< Europeans already doing that! Show some respect, dufas! Next time you walk by an American Flag, I demand that you salute it.
Fri Apr 16 14:40:11 EDT 1999
BradyNet: Sorry Gents unacceptable language
Fri Apr 16 14:52:31 EDT 1999
wally: <respect> gentlemen, please interrupt all discussions and listen to the demands of a citizen of the greatest nation on earth. he claims -and i think he is right- that we don't show adequate respect to the noble principles of the U.S. of A. for starters i suggest that we pledge to bear all legal cost resulting from the latest indictment of bill by an arkansas federal judge. pledges to http//:www.liar.com furthermore let us pledge our combined intelligence (that bit we have) and find a way that raytheon speeds up production of cruise missiles and guiding systems. too many convois of refugees are blocking the streets of kosovo. how can the ground troops enter? those bradynetters who own airlines or ships could assist the pentagon in shipping the apaches they badly need to scare slobodan. last not least let us bomb slobo with e.mail which state in detail the american noble principles, that is if somebody can tell us what these principles are. search for them. you can't send EMPTY e.mail! as before i apologise for myself and for all other whiners for being disrespectful.
Fri Apr 16 14:53:09 EDT 1999
wally: <respect> gentlemen, please interrupt all discussions and listen to the demands of a citizen of the greatest nation on earth. he claims -and i think he is right- that we don't show adequate respect to the noble principles of the U.S. of A. for starters i suggest that we pledge to bear all legal cost resulting from the latest indictment of bill by an arkansas federal judge. pledges to http//:www.liar.com furthermore let us pledge our combined intelligence (that bit we have) and find a way that raytheon speeds up production of cruise missiles and guiding systems. too many convois of refugees are blocking the streets of kosovo.
Fri Apr 16 14:54:09 EDT 1999
wally: ctd.:how can the ground troops enter? those bradynetters who own airlines or ships could assist the pentagon in shipping the apaches they badly need to scare slobodan. last not least let us bomb slobo with e.mail which state in detail the american noble principles, that is if somebody can tell us what these principles are. search for them. you can't send EMPTY e.mail! as before i apologise for myself and for all other whiners for being disrespectful.
Fri Apr 16 14:56:29 EDT 1999
anonymous: Hi Neisha!
Fri Apr 16 15:00:39 EDT 1999
wally: BRADYNET: since my last 'contribution' has no more reference it would be only fair to take it off too. thank you.
Fri Apr 16 15:01:28 EDT 1999
Fox: Hello, I have been away for some time and I see Alex, Cheetah, Omar, Pillx, Wally and Puma are here and an exponential increase of Anonymous!! So, let it be, great markets!! Couple of remarks; Rates in S.E. Asia at pre crisis levels. G7, Fx and Fixed Income markets directionless on stable expectations for the Fed and ECB. Market exuberance with Japanese corporate restructuring making Nikkei rise over 22% ytd. So were to make money? Latinos of course! Buy and Hold.
Fri Apr 16 15:15:43 EDT 1999
Omar: Hi Fox, I like LatAm also but I'm a bit skeptical about Mexico, traditionally this being the last year before presidential elections things look great there, but they might turn very sour next year. Right now I prefer Brazil (conditions on the uptrend) and Venezuela (price artificially depressed because of the "Hugo" factor). Saludos
Fri Apr 16 15:39:41 EDT 1999
Alex: Hi Fox,great prices in SurAm,I came to like the Russian Bonds last week,due to political reasons.rgds.
Fri Apr 16 17:04:17 EDT 1999
Fox: Mexico, I must say that my favorite instrument is the MXN forwards. At this point I think that we need a cheaper entry level. MexCom what do you think? In Brazil I like the NMB, bit longer than EIs shorter than Cs, and higher YTM than both. Russia, well Alex you know I like the place, just imagine if capital flight could ease a bit, all the effect of Oil prices reflected in the current account. Anyone read the IMF's paper: "Involving The Privae Sector in Forestalling and Resolving Financial Crises"? It is on the IMF website. Finally, I hope GOD enlightens all those with power to stop the war.
Fri Apr 16 17:23:43 EDT 1999
Howard: A Response: How hilarious! Bradynet is replete with comments that are slanderous to (1) President of the U.S. (2) The American people (3) NATO (4) Israel (5) Various European political figures, etc., etc., etc. When a response is made in defense of one of the above, it is not tolerated on the basis that Bradynet is a business site. If in fact the attackers now refrain from further personal or political attacks via Bradynet, so much the better.
Fri Apr 16 17:35:49 EDT 1999
Alexander: Dear Howard,sorry,didn't mean to censor you or anybody else.Let's just TRY to stick with Emerging markets Bonds,if possible!! Don't worry about Eretz Israel,they are doing fine,what's the problem?ein ba'a'ya!be'seder?
Fri Apr 16 17:54:22 EDT 1999
anonymous: EMBI closed below the 900 level......new trading range......750 to 950. Have fun.
Fri Apr 16 18:12:28 EDT 1999
wally: <EMBI> i hope history does NOT repeat itself this year. we had last year, around this date the big emerging market euphoria, when everybody was tricked to believe (me too) the asian flu was over. then a slow retreat (investors sell in may and go away) and then the big russian bang.
Fri Apr 16 18:14:33 EDT 1999
anonymous: Russian Eurobonds will be up another 10 points next week. A very large U.S. mutual fund cleared the street of loose bonds in the past few days. Just think, even at 50, the 28's still have a current yield of 25% with 50 points of principal appreciation to maturity. Sorry to those trying to trade these bonds, taking profits and trying to buy cheaper you loose 1/8 point per day in carry and will be lucky to get back in 1-2 points higher with such wide markets. Rock on, Wally!
Fri Apr 16 18:17:01 EDT 1999
anonymous: Wally.. leverage it out of the markets. Lehman no longer levearged GKOs with no haircut. Korean banks not long and don't need liquidity. Guess key is the U.S. consumer levered to the teeth in U.S. stocks.. that could be our downfall, but doesn't seem yet..
Fri Apr 16 18:18:31 EDT 1999
wally: where are the guys who shorted vennies? here's a shoulder to cry on. i concede it's not my friend chavez but the oil price.
Fri Apr 16 18:20:24 EDT 1999
anonymous: Wally-- talk to cheetah, he sold the bottom because of Chavez..
Fri Apr 16 18:27:48 EDT 1999
wally: <rock on wally> i would like to rock but i still have a strained ankle since aug17,1998 (kiriyenko).
Fri Apr 16 18:31:51 EDT 1999
anonymous: what mean rock? we get rich? tofu
Fri Apr 16 18:35:02 EDT 1999
anonymous: ahora i see. my ecuador my venezula my brazul all go up. tofu
Fri Apr 16 18:36:40 EDT 1999
wally: yes tofu. today all numbers good! hope you enjoy sabado y domingo. saludos!
Fri Apr 16 18:54:20 EDT 1999
wally: <U.S. stocks> that is something i do not like at all. we are mirroring the dow and not how it used to be in the good old times the longbond. until 97 i had a look at the longbond and i could calculate by heart all my bond prices. any explanation?
Fri Apr 16 19:16:58 EDT 1999
anonymous: da russian eurobonds be a rockin! rock on, wally.. sprained ankle heal into even stronger ankles...
Fri Apr 16 19:23:41 EDT 1999
anonymous: Wally... The U.S. equity market creates a "wealth effect" in the emerging markets. For example, long institutional investors who need to maintain fixed weight allocations to corporate bonds, need to buy more bonds and the value of their equity portfolio rises. So, if stock prices increase 20%, these guys are underweight corporate bonds (and emerging markets).. The same holds for global asset allocators, as the US rises they are by definition underweight emerging market equities and need to buy more to maintain fixed weights to the sector. e-mail and we will talk more.. I sent you the paper yesterday. This is why emerging markets are vulnerable to a big downdraft in the u.s. .. an unlikely, event of a more than 20% correction though. Note, the U.S. equity sell-off in July and August of last year (around 10%) was a catalyst for Russian capital flight and thus the debacle on Aug 17th.
Fri Apr 16 19:34:19 EDT 1999
anonymous: ANY BETS RUSSIAN 05, 07, and 18's TRADE WITH A 40 HANDLE NEXT WEEK. MONDAY THEY OPEN 3 POINTS AND TRADE AT 40 ON WEDNESDAY. THIS IS A NF BRAINER, MY FRIENDS>
Fri Apr 16 19:52:16 EDT 1999
anonymous: hahhahaha yea right, nf brainer.
Fri Apr 16 20:00:46 EDT 1999
anonymous: 04-16-99 Anonymous: hahhahaha yea right, nf brainer. << Place your bets, comrade. We shall see.
Fri Apr 16 20:40:52 EDT 1999
anonymous: To the person who thinks this is a recurrent nightmare along the lines of Vietnam, I agree. There is nothing that would be more instrumental and helpful in guiding US foreign policy (not the double-edged sword of human rights, nor Machivallean-Wilsonian principles) than a good dose of psychoanalysis. To Alex: why do you keep insisting he is in Moscow? We know he is in Moscow partly for domestic reasons, and partly to shore up support against any arm-twisting by the US. To Howard: Bible as historical document - give me a break.
Fri Apr 16 21:06:32 EDT 1999
anonymous: what mean you gentlemen with bible and bonds? i can not understand. please excuse my english. tofu
Fri Apr 16 21:09:58 EDT 1999
anonymous: tofu you just tranquillo and have a good weekend. this bible and bonds no worry to you and me. we may be get rich.
Fri Apr 16 21:10:53 EDT 1999
anonymous: There are some interesting comments by Samuel P. Huntington about the dangers of a 'rogue' superpower in Foreign Affairs March/April 1999, vol 78 no 2.
Fri Apr 16 23:09:14 EDT 1999
anonymous: 04-16-99 Anonymous: To the person who thinks this is a recurrent nightmare along the lines of Vietnam, I agree. There is nothing that would be more i<<< To ANON.. Come on and tell us your real name: Richard (Dick) Head. Right??
Fri Apr 16 23:11:19 EDT 1999
anonymous: True. Far too many Richard Heads on this site. Way too many.
Fri Apr 16 23:12:00 EDT 1999
anonymous: Ricardo Heads also.
Sat Apr 17 03:42:34 EDT 1999
Alexander: thats what I meant,16 different ANONYMOUSES !!! As for the SHORTs:Information can lead to ruination!
Sat Apr 17 04:01:21 EDT 1999
anonymous: What is wrong with Bradynet today. I do not get any prices anymore and I cannot make a report either. Where is the problem. I pay 39.95 US$ a month and until yesterday it worked perfectly. Today: no prices, no reports. Wally, can you help me?
Sat Apr 17 04:02:42 EDT 1999
anonymous: General Correspondence: bradynet@bradynet.com Questions/Problems? support@bradynet.com
Sat Apr 17 05:45:58 EDT 1999
wally: <wally can you help> i have no idea what your problem is. best is to contact bradynet.
Sat Apr 17 05:47:13 EDT 1999
Daniel: Fellow Bradynetters, This morning we have been hard at work at Bradynet installing new software. We saved this job for today because Saturday morning is our least busy timeslot of the whole week. Some of the features were temporarily disabled but things seem to be working now. We thank you for your patience in this matter. The new features will help foster the community environment of Bradynet in ways far beyond our current software. If you continue to have problems do not hesistate to send me email. Best regards, Daniel (BradyNet programmer)
Sat Apr 17 09:39:58 EDT 1999
anonymous: weekends are boring. all bradynetters are relaxing.
Sat Apr 17 10:05:52 EDT 1999
anonymous: go dancing, gnom!
Sat Apr 17 10:17:32 EDT 1999
anonymous: Wanna bet?What price for RF 28 next friday?I say 44 bid 45 ask. And you?
Sat Apr 17 16:00:39 EDT 1999
anonymous: Thank you, Daniel, now it works again. Happily you send me a portfolio report by e-mail every evening, so I could on this way see, how my portfolio got up on friday. Thank you again!
Sat Apr 17 16:07:21 EDT 1999
anonymous: We are going to make profound changes at P.D.V.S.A.," the President pledged during an interview here. "This is a state enterprise, and I plan to run it for the benefit of the national treasury. It cannot go on acting like the sovereign Republic of P.D.V.S.A., contracting debt as if it were a country of its own. We have already done more in a short time than has been done in many years, but we plan a deeper transformation, restructuring and redirection." Saturday NY TIMES<< Maybe the RUSSIANS should learn from Chavez.. If the oil companies aren't paying taxed or repatriating hard currency, they should be renationalized. In fact, Kieryenko, the big market reformer, was in the process of doing so. MORE RESERVES, HIGER EUROBOND PRICES... It's that simple, COMRADES!!!
Sat Apr 17 17:45:33 EDT 1999
anonymous: back from dancing. was boring too. here still weekend? gnom vo zueri
Sat Apr 17 20:03:25 EDT 1999
anonymous: 01.00 gmt. guets nachtli europa. amerika guets dinnerli. gnom vo zueri
Sat Apr 17 22:47:14 EDT 1999
anonymous: Meanwhile ethnic cleansing continues in Southern Lebanon. Perhaps Howard could locate for us the village of Arnoun in his Biblical Atlas.
Sat Apr 17 22:55:33 EDT 1999
anonymous: 04-17-99 Anonymous: Meanwhile ethnic cleansing continues in Southern Lebanon. Perhaps Howard could locate for us the village of Arnoun in his Biblical Atlas. <<< What a complete idiotic statement. Let's forget about politics and have some compassion on the people in the Baltics and those other war torn parts of the world. It's obvious you don't a chit about anyone but yourself. How much (money) have you sent to the refugees in So. Leb, MATE?!?!??!
Sat Apr 17 23:06:10 EDT 1999
anonymous: Your generous gift of $80 will provide emergency food, warm blankets, and hygiene supplies to a refugee family in Kosovo for an entire week. A gift of $26 will provide personal care items, warm blankets, and food for two children. $160 will provide supplies for two families for a week. https://secure.christcom.net/worldvision/sgappeal.nsf/sga-card COME ON, BRADYNETTERS! I'LL POP IN $50.. WALLY AND ALEX, THE MARKET HAS BEEN GOOD TO YOU THIS YEAR. RUSSIAN EUROBONDS HAVE RALLIED BECAUSE OF THE WAR, GIVE SOME BACK. 20 $50 CONTIBURTIONS CAN OPEN UP 50 FOOD LINES IN THE REFUGEE CAMPS. MAKE A SPECIAL BRAYNET NOTE ON YOUR CONTRIBUTION. THIS IS WHAT ITS ALL ABOUT LADIES AND GENTS!
Sat Apr 17 23:08:23 EDT 1999
anonymous: Your generous gift of $80 will provide emergency food,warm blankets, and hygiene supplies to a refugee family in Kosovo for an entire week. A gift of $26 will provide personal care items, warm blankets, and food for two children. $160 will provide supplies for two families for a week. https://secure.christcom.net/worldvision/sgappeal.nsf/sga-card COME ON, BRADYNETTERS! I'LL POP IN $50.. WALLY AND ALEX, THE MARKET HAS BEEN GOOD TO YOU THIS YEAR. RUSSIAN EUROBONDS HAVE RALLIED BECAUSE OF THE WAR, GIVE SOME BACK. 20 $50 CONTIBURTIONS CAN OPEN UP 50 FOOD LINES IN THE REFUGEE CAMPS. MAKE A SPECIAL BRAYNET NOTE ON YOUR CONTRIBUTION. THIS IS WHAT ITS ALL ABOUT LADIES AND GENTS!
Sat Apr 17 23:10:07 EDT 1999
anonymous: https://secure.christcom.net/worldvision/sgappeal.nsf/sga-card This is the site for donations for refugees.
Sun Apr 18 02:52:50 EDT 1999
Alexander: Hi dummy,donations already underway from my side,as said before:GIRO 555 Den Haag for KOSOVO,2 weeks before you even got the idea!! Southern Lebanon:If you shell your neighbor with katjusha rockets,you don't make yourself very popular,if you call the South Lebanese occupation "ethnic cleansing"its clear that you are onesided in this conflict,when does it go into your brain that problems have to be solved with negotiations??? What is your opinion on IANs and PRINs?????rgds.to you
Sun Apr 18 02:55:43 EDT 1999
Alexander: <<compassion on the people in the Baltics and those other war torn parts of the world. It's>> maybe more dummies than one today???Since when is there a conflict in the Baltics???
Sun Apr 18 03:01:00 EDT 1999
anonymous: http://www.yahoo.de/schlagzeilen/19990417/vermischtes/0924360013-0000016446.html....IST JA RICHTIG GEFÄHRLICH BEIM GNOMI IN ZÜRI
Sun Apr 18 03:08:10 EDT 1999
DRJBG: FYI--Just contributed my $100 to the https://secure... site. Hope others will do the same. (It's little enough)
Sun Apr 18 03:56:25 EDT 1999
anonymous: How strange, now this site becomes a bigot's donators organisation. It is the big fashion these days to make in human rights, human aid. Everything is human, just the bombing of inncocents is maybe not. But never mind. The human rights-war asks for sacrified people too, like all other war in this world. I really do no know why I should give to make good the dommage the richest nations in this world have created with their sophisticated war machine. Go to ask Mr. Tony Blair, maybe he will give $ 100 out of his own pocket....
Sun Apr 18 04:03:55 EDT 1999
anonymous: Gentlemen, let's leave for a moment the doing good beside. I think it is the matter of everyone to give or not to give . I would be, with your all permission, much more interested in one question: will the rally in Russian Eurobonds go on in the next week? I personnally have the feeling, it will not. What is your idea, gentelemen?
Sun Apr 18 04:04:20 EDT 1999
anonymous: The problem is,you are right and wrong at the same time!!!
Sun Apr 18 04:05:32 EDT 1999
anonymous: The left hand should not know what the right one is doing, don't you agree, dear Doctor?
Sun Apr 18 04:06:59 EDT 1999
anonymous: We have reached levels not seen for months in RusFed,looks like prices stabilizing in the $35-$39 range(RF28)and the Soviet debt problem hangs still around.
Sun Apr 18 04:08:56 EDT 1999
anonymous: Doctor says,bombing was wrong in the first place,never start wars you can't win
Sun Apr 18 04:57:45 EDT 1999
anonymous: I would be happy to contribute to the Kosovo Refugee Fund since it was all my fault anyway. A Note to Dickhead: please use a complete sentence when quoting me - Ricardo 'dickhead' Holbrooke (Suharto's love sick puppy dog). Alex - I'm sure you looked at every angle before you decided that your master diplomat was on a secret peace mission.
Sun Apr 18 05:16:16 EDT 1999
Alexander: <<Alex - I'm sure you looked at every angle before you decided that your master diplomat was on a secret peace mission.>>WELL,WITH ARIK ONE NEVER KNOWS,BUT A LITTLE TOO IMPULSIVE FOR MY TASTE!MAYBE BARAK WINS THE ELECTIONS!
Sun Apr 18 06:09:14 EDT 1999
Spadolini: ethnic cleansing almost dignifies the cruelty - what's about racist culling?
Sun Apr 18 06:24:50 EDT 1999
Alexander: Like in Rwanda,right!If someone wants to play world policeman what about New-Guinea and Indonesia??rgds.
Sun Apr 18 06:42:40 EDT 1999
wally: here is the quote of the day (reuters / chancellor schroeder) "Since Adolf Hitler and the Nazi Party tried to cleanse EUROPE of NON-GERMANS during World War II, he said, "we are now under a moral obligation to help stop new atrocities (from) being committed there."
Sun Apr 18 06:45:31 EDT 1999
Alexander: Thats honourable!But how to do it???
Sun Apr 18 06:59:50 EDT 1999
anonymous: Auschwitz is instrumentalized by the german government to manipulate/convince (?) the people why it is a dutie to take part of this war. rgds. Spadolini
Sun Apr 18 07:05:00 EDT 1999
wally: alex: not by bombing innocent people. there have to be other ways!
Sun Apr 18 08:02:44 EDT 1999
anonymous: darfscht keine pünktli an'd website ahänge sonscht funktionierts nuet alex. gnom vo zueri
Sun Apr 18 08:56:03 EDT 1999
Savonarola: Guys, one for all of you: Ecuador 02 price seventysomething spread 18 hundred over. Russia Fed 03, price 40 spread 38 hundred over!!!! Get the picture????? We are going in that direction, no matter what, but soon with the help of the shorters that will have to capitulate or lose their jobs....
Sun Apr 18 09:21:37 EDT 1999
anonymous: http://www.sonntagsblick.ch/sobli_seiten/aktuell/index1.htm instead of just caring for good vibration, Gnom.
Sun Apr 18 09:40:08 EDT 1999
Alexander: Hi Gnomi,wie wars beim Mövenpck heute? Mit "pünktli" haste recht, ich meinte diese Meldung: http://www.yahoo.de/schlagzeilen/19990417/vermischtes/0924360013-0000016446.html
Sun Apr 18 13:39:39 EDT 1999
anonymous: d'möwen chatten nicht allzuviel zu picken alex. gnom vo zueri
Sun Apr 18 13:52:34 EDT 1999
anonymous: We gonna hang our washing on the slobo line! A USA real patriot.
Sun Apr 18 14:06:31 EDT 1999
Alexander: Mövenpick Eis und Mövenpick Kaffee sind sehr gut, da kann man nichts sagen.Grüße
Sun Apr 18 15:41:21 EDT 1999
anonymous: hogwash!
Sun Apr 18 15:54:15 EDT 1999
anonymous: <<hogwash!>> looks like VietnamII to me,no WWI,guess youre right
Sun Apr 18 18:43:18 EDT 1999
anonymous: 04-18-99 DRJBG: (141.167.27.149) FYI--Just contributed my $100 to the https://secure... site. Hope others will do the same. (It's little enough) <<< THIS IS A GOOD PERSON!!! PRINS AND IANS ARE DEAD MONEY.. WHY SHOULDN"T RUSSIAN EUROBONDS CONTINUE TO RISE? IF THEY ARE WORTH 35, THEY ARE WORTH 40.. AND IF THEY ARE WORTH 40, THEY ARE WORTH 45, and probably 50.. Yeltsin, Primokov, and Cherno to meet Monday on new Russian proposal for Kosovo. Let's pray for peace..
Sun Apr 18 18:44:55 EDT 1999
anonymous: https://secure.christcom.net/worldvision/sgappeal.nsf/sga-card This is the site for donations for refugees. << HOW 'BOUT WALLY AND ALEX.. YOU GUYS ARE THE STARS OF THIS SITE.. 50 BUCKS AIN"T GONNA BREAK YOU.
Sun Apr 18 18:50:43 EDT 1999
anonymous: Sorry Alex, Freudian slip -- Balkans, not Baltics...
Sun Apr 18 19:43:11 EDT 1999
anonymous: i ll be jAMESBOND FROM NOW ON...SELLER OF VOLATILITY,.EMG LEVELS TO RICH FOR MEXICO., CHECK UMS 26 TRADING AT @118.,YOU CAN SELL THE PUT LETS SAY 5 POINTS BELOW THE CURRENT MARKET LEVEL FOR A MONTH AND GET .40 CTS PREMIUM ., IF YOU GET EXCERCISED YOUR ENTRY LEVEL IS 113 MUCH MORE DECENT THAN THER ACTUAL LEVELS., IF NOT YOU COLLECT A 4,000 USD PER/MILLION. YES MY FRIENDS.,SELLER OF VOLATILITY.,NEVER A BUYER.
Sun Apr 18 20:13:32 EDT 1999
wally: <STARS> question 1: what makes you think alex an me are stars? question 2: what makes you think we have not done already much more than donating bloody 50 dollars? a very angry wally!
Sun Apr 18 20:17:13 EDT 1999
wally: <washing> for the record: it's world warII (siegfried line).
Sun Apr 18 20:17:41 EDT 1999
anonymous: O.K. -- On Monday, Russian 05 will trade at 38; 07's at 39; and 18's @ 38; and 28's @ 41.. Big move up in Russian Euro's this week. The Street still doubters and short to underweight. Love these technicals and, o yes, MASSIVE CURRENT YIELD!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!......
Sun Apr 18 20:40:16 EDT 1999
wally: <Monday> blessed be the prophet in who's ears the LORD whispered the truth of euro prices to spread among us.
Sun Apr 18 20:42:27 EDT 1999
anonymous: OH Yeah! Halleluya and Amen!
Sun Apr 18 20:45:24 EDT 1999
wally: <ums 26, IF YOU GET EXCERCISED> or circumcised?
Sun Apr 18 21:15:30 EDT 1999
anonymous: Guys wake up !!!...Stop the nonsense discussions. Lets focus on bonds...!!! "Mikhail Kasyanov, first deputy finance minister and Russia's chief foreign debt negotiator, said only the sixth and seventh tranches of the bonds were Russian, to be paid no matter what. The third tranche of MinFins on which $1.3 billion is due next month he put in the category of Soviet-era debt, part of which Russia wants to restructure. "
Mon Apr 19 02:30:02 EDT 1999
Omar: < paid no matter what > that's the key concept behind long term confidence in our Eurobonds. Let's have another great week fellow CCCC's. Saludos
Mon Apr 19 02:37:24 EDT 1999
anonymous: Spandolini, don't forget that we are watching the Trueman Show everyday on CNN. Go to read some German or Italian or Russian views on the story in Yoguslavia and you will notice that there are many versions, quite different to tell you the true. I have hard time to find which one is more credible. Do you have any tip?
Mon Apr 19 02:42:37 EDT 1999
optimist: It certainly appears weekend discussions on BN dominated by heavy booze abusers (no russians amongst them !!) Whats this euphoria about? C bond closed friday at probably most serious resistance level - 71, thos who remeber last year august-september slide can confirm this. Are you sure rus euros most recently were bought by real money? As far as I know only smart money were buying. Yes, some street analysts changed their opinion on russia (MSDW) but i dont remeber a single correct recomendation on russia for the last year - all analysts were bullish when mkt was sht and were becoming bearish when mkt was worth accumulating. Old saying - sell in May and go away.. Hell knows - what if it proves right?
Mon Apr 19 03:38:15 EDT 1999
anonymous: This site becomes the longer the crazier. If you come - after a weekend of having been out - back to this site you have god and the world and the rest of opinions about everything existing. One speaks about the truth of news about Yugoslavia the other gives us the bond prices of monday, the third asks for money for poor Kosovars. That is internet... Bradynet...
Mon Apr 19 03:49:26 EDT 1999
Alexander: <<https://secure.christcom.net/worldvision/sgappeal.nsf/sga-card This is the site for donations for refugees. << HOW 'BOUT WALLY AND ALEX.. YOU GUYS ARE THE STARS OF THIS SITE.. 50 BUCKS AIN"T GONNA BREAK YOU.>> I really cannot understand this message!I said before that me and my Investment Group have already donated to the KOSOVA refugees(GIRO 555 Postbank Nederland) and someone keeps on asking me for donations???Please read other people's messages,notz only your own!rgds.to all,talk to you next week!
Mon Apr 19 03:54:39 EDT 1999
anonymous: did I mean not or nuts,can't remember.rgds.Alex
Mon Apr 19 04:11:40 EDT 1999
anonymous: Anon, you ask for "antidotes" after being intoxicated by insider media? rgds. Spadolini
Mon Apr 19 05:45:00 EDT 1999
anonymous: When I recommended to give something to the hurricane beaten people of Central America to a trader who made a "shit load of money" in one week, I've been called a "comunist comrade" on this site. How things do change when they happen in Europe. I gave $10.000 for Central America, hope you European guys, at least those who really make money, will spend a little(much)more than lousy 50 bucks for Kosovo, won't you? Rgds. Pampero
Mon Apr 19 06:21:45 EDT 1999
Doomsayer: One of the great lies swallowed by the American public is that because Russia is in the grips of financial collapse, their military has no teeth. If Russia should join their Serbian brothers we will see just how false this assumption is. The Balkans are a powder-key and NATO is throwing matches everywhere.
Mon Apr 19 07:10:39 EDT 1999
wally: pampero: those who boast "have made a shit load of money" should not be able to insult you because of your noble deed and rest assured that europeans are doing their fair share in helping all affected by this war.
Mon Apr 19 07:32:49 EDT 1999
anonymous: Doomsayer, there are approx. 20 million muslims, i.e. 15% of the people, living in Russia. One out of ten is muslim even in Mos- cow. Me, I'm not convinced that the official policy re Serbia is backed by the muslim leaders in, say, Tartarstan/Baschkortostan. But let's ask Optimist or any other russian friend. rgds. Spadolini
Mon Apr 19 08:01:27 EDT 1999
anonymous: I think Doomsayer got a point: the biggest danger of this war is a false decision by the Duma, for instance, to go to help the Serb brothers. But the Serb will hold also without help from Russia if you know history: The Serbs were the only people in all Europe to defeat the "Wehrmacht" of Adolf Hitler. So, they might defeat also the big war machine of the Nato. In any case, it is very antipathetic, all this terrible war, for nothing and again nothing, since the people Nato came to help, is now a million times more suffering than before...
Mon Apr 19 08:06:12 EDT 1999
wally: russian bonds in europe well bid but not (yet) levels as forecasted by 'prophet'. NY boys are getting ready to deal. embi index not bad.
Mon Apr 19 08:15:19 EDT 1999
wally: <Serbs> they did not really beat the wehrmacht but they gave them a hell of a brave fight and tied down more than 20 german divisions in the balkans. with NATO's sophisticated weapons we have a different situtation now. if it were not for russia, public opinion and the poor serb civilians, NATO could bomb serbia into oblivion. whatever happens, IF any ground troops start fighting we will see a lot of body bags flown out (to NATO countries!). look at history how these people stopped the ottoman empire in 1389.
Mon Apr 19 08:25:53 EDT 1999
optimist: "High ranking official told "Prime-TASS" news agency tbnat Russia is not goin to make payment on Minfin bonds tranche 3 and not going to redeem coupons on tranches 4-7 amounted to USD300 million. The source said appropriate Min Fin's statement is due to come out today." Source in Russian:http://www.polit.ru/index.html?1999-04-19&14:54#14:54
Mon Apr 19 09:05:50 EDT 1999
PILLX: Kasyanov reaffirmed Monday that coupon payments on the sixth and seventh tranches of MinFin bonds due May 14 will be made. "I can confirm what I said yesterday,that coupons on MinFins six and seven would be definitely paid," Kasyanov told. Prime-Tass earlier Monday reported that an official in Russia's delegation to the EBRD meeting said the government is planning no repayment on the $1.3 billion Series 3 domestic hard-currency bond or on the $300 million of coupon payments on later tranches due May 14. In total,Russia owes $78 million on the coupons on the sixth and seventh tranches, which Kasyanov said Sunday represented debt incurred since the collapse of the Soviet Union.But the fate of payments on the other tranches, including $1.349 billion due May 14 on the third tranche, was unclear. "We'll issue a press release about (this issue) today or tomorrow," Kasyanov said. Russian officials have repeatedly stated that they will honor debt incurred by Russia while seeking to restructure Soviet-era debt.
Mon Apr 19 09:06:23 EDT 1999
anonymous: http://eve.bradynet.com/cgi-bin/popup.pl?look=0
Mon Apr 19 09:08:06 EDT 1999
anonymous: TASS 15:49 Russia's pledge to honour Soviet debt sends Eurobonds up. whom to believe???
Mon Apr 19 10:14:44 EDT 1999
anonymous: 04-19-99 Doomsayer: (204.214.24.150)-- You are correct. The financial collapse of Russia does not affect their other economy -- World Class Weapons Technology.. It brought down the stealth, it launches satelittes, etc.. So how the dummies think Russia is some bananna republic in Central America. The arrogance of the West is appalling and could be fatal.
Mon Apr 19 10:43:49 EDT 1999
anonymous: Pampero: You are a true hero and remember the words of Albert Einstein: "Great Spirits always meet violent opposition from mediocre minds." Keep giving my friend and try not to be bitter. Your reward is in heaven.
Mon Apr 19 10:51:34 EDT 1999
anonymous: Hey guys and gals: With Russia in the process of repudiating the old Soviet debt -- WHICH THEY SHOULD -- and already restructured the GKO debt; and the private sector defaulting on its external debt; It seems to me Russia is becoming almost debt free. The official sector debt -- IMF, World Bank, etc. -- is soft money and will be rolled until Russia gets out of this mess. So Russia really only has about US$3-4 Bn in debt service per year to pay. Smells like a better credit than the analyst give it credit for. That is the problem with CONVENTIONAL METRICS in Russia. That is why people loose big money and miss big rallies. These eurobonds are going to 50!!!!
Mon Apr 19 11:03:58 EDT 1999
wally: and look at brent crude. usd 15.90!
Mon Apr 19 11:32:07 EDT 1999
Ians holder: Bradynetters..I need your recomendations. Would you swap Ians for minfin 06, 07 ??...It seems to be a good chance for still having a current yield....but what about minfin cross default ??. Thank you..
Mon Apr 19 11:33:26 EDT 1999
anonymous: Watch Gold.. worth a look with big cyclical rotation in the U.S. and could see a 20% rally. Then the market will love it and you can sell.. The way to play in EM is through So Africa and Ghana..
Mon Apr 19 11:51:26 EDT 1999
anonymous: Costa Rica's road show begins tomorrow in NY. Issue: US$300 millions, 144A/Euro, 7-10 year Lead manager: CSFB. Co-lead: JP Morgan, Salomon Smith Barney, DMG & Chase +300/+400 bp
Mon Apr 19 12:00:28 EDT 1999
anonymous: Thanks for your warm words. I'm everything else rather than a hero and I don't believe in heaven or whatsoever. I love making money and believe in 2 digit yields. But who doesn't help people in such a misery, while he could easily, is not worth nothing. Pampero
Mon Apr 19 13:11:06 EDT 1999
anonymous: <<https://secure.christcom.net/worldvision/sgappeal.nsf/sga-card For those who want to help the refugees in Kosovo. Give a little back.
Mon Apr 19 15:50:41 EDT 1999
anonymous: t
Mon Apr 19 16:32:15 EDT 1999
anonymous: There's a strong recovery in the developing markets. We've got an incredible scenario (fundamentally) but we see traders petrified trying to figure out when the day will come (that bonds will drop) he continued strength of the Mexican peso, the improving climate for oil companies and Brazil's launch of a sovereign bond that will be at least $1 billion in size were drawing more investors back from the sidelines
Mon Apr 19 16:43:27 EDT 1999
anonymous: And what happens if the U.S. stock market collapses?
Mon Apr 19 16:52:49 EDT 1999
anonymous: Which stock market ? U.S , Europe ? Why do you see the stock markets collapsinG?...
Mon Apr 19 17:00:11 EDT 1999
anonymous: A hypothetical question. Nevertheless, if the U.S. collapses, they all will collapse. So, what happens to emerging market bonds if the U.S. stock market collapses.
Mon Apr 19 17:11:41 EDT 1999
anonymous: The U.S. benchmark stock -- the Telebras or Lukoil, if you will -- is AOL trading at 500x earnings at today's open. Now after today's 17% decline still trading at 400+ x. Ever hear of mean regression? This may be the start of a very "mean" regression to valuation levels. But somehow I doubt it.
Mon Apr 19 17:31:23 EDT 1999
PILLX: 888 In the meantime,the Russian government could conceivably resort to legal ploys to delay settling its accounts with MinFin creditors.Under the terms of the 1993 government resolution setting out the conditions for issuing MinFin bonds,for instance,investors must present all documentation "no later than 30 calendar days before the corresponding date of maturity" to receive prompt settlement.Such tactics are likely to be familiar to London Club creditors who waited through an extended 15-day grace period in December before declaring the government in default on $362 million in Principal Notes.If this (process) had taken place last year,it would have been more complicated,now that many people have already lived through the events of the last year,it will be a little easier.
Mon Apr 19 17:31:34 EDT 1999
PILLX: 777 If there was a certainty of payment of coupons the prices would double at a minimum.A restructuring arrangement analogous to that presented to GKO-holders would even be beneficial for holders of the MinFin Series three,which matures on May 14.The 10% cash payment would constitute a premium,bringing the securities to around 30% to 35% of their nominal value.Given that many investors purchased their MinFin threes late last year on the secondary market at around 20% of their value,such terms would be satisfactory to the majority.I think most investors would go for that deal.This wouldn't represent a loss. It would represent a profit,a small one,but the main thing is it wouldn't be a loss.
Mon Apr 19 17:31:42 EDT 1999
PILLX: 666 But MinFin-holders,in contrast to GKO investors,face no currency exposure.In addition,the three-to five-year maturities offered under the GKO restructuring terms are significantly shorter than maturities for Series four to seven of the MinFins,which range from 4 to 12 years.A look at the current market in Russian Eurobonds demonstrates that there is room for further appreciation in the prices of MinFins,even in the event of a restructuring.Eurobonds are now trading at 40-50% of their nominal value,and MinFin Series fours are trading at 8%-9% of their nominal value.
Mon Apr 19 17:31:48 EDT 1999
PILLX: 555 Uncertainties over how to classify MinFins have contributed to contradictory statements about their standing by government officials.As dollar-denominated internal debt,they occupy a unique category.Nevertheless,the government's GKO restructuring,would,in principle,be the most acceptable conditions for holders of MinFins.Foreign GKO-holders have bitterly denounced the government's restructuring terms,under which investors were offered 10% of their investment in cash and the majority in three- to five-year paper with a declining coupon.
Mon Apr 19 17:31:53 EDT 1999
PILLX: 444 The Pakistan example sets a precedent for restructuring supposedly immutable securities such as Eurobonds,Russian faces similar financial straits.The case of Pakistan also calls into question the issue of the treatment of creditors,a matter Russia is also grappling with.Should this large block of state debts be divided into multiple categories, each of which takes a different approach to restructuring,or not?Given Russia's dependence on foreign loans,the government has made foreign debt repayments a priority,with post-Soviet-era debt taking precedence.Domestic creditors,such as holders of GKOs,get shorter shrift.
Mon Apr 19 17:32:02 EDT 1999
PILLX: 333 The total value of the five outstanding series of MinFins is about $10.6 billion.The MinFins are the government's sole domestic bond issues denominated in hard currency.Russia defaulted on most of its ruble-denominated Treasury debt last August.Russian officials have repeatedly said they will honor debt incurred by Russia while seeking to restructure Soviet-era debt.One scenarios,as the example of Pakistan,which won approval from the Paris Club of sovereign creditors to restructure its Eurobonds due to what called "difficult economic circumstances.
Mon Apr 19 17:32:09 EDT 1999
PILLX: 222 The debt was issued in seven tranches,the first two of which have already matured and been paid off.Although the bonds are classified as domestic debt,they are denominated in dollars. The government is due May 14 to pay $1.3 billion to retire its Series 3 bond,plus an additional $300 million of coupon payments on later tranches.Earlier Monday the Prime-Tass news agency quoted an unnamed Russian official in London as saying the government won't make any of the May 14 payments.Also Monday,however,Russian First Deputy Finance Minister Mikhail Kasyanov said the government will be sure to pay the $78 million in coupon payments falling due for Tranches 6 and 7 of the bonds.Most of those bonds are held by domestic Russian investors.
Mon Apr 19 17:32:16 EDT 1999
PILLX: 111 Russia's foreign debt payment agent, Vnesheconombank,is looking at "a number of approaches" for dealing with the May 14 payment deadline on the government's Ministry of Finance bonds, including restructuring the debt.The key question is whether the government will treat these bonds,like Soviet-era external debt,such as that owed to the London Club,or like GKO bills and OFZ bonds.No one is going to believe (the government) right now if they say they will pay the MinFins,if a restructuring takes place,then questions of how to approach it will arise and the question is,how should (the debt) be restructured,like London Club debt,or like GKOs?Vnesheconombank issued the MinFins after it defaulted on client deposits and other obligations in 1991.
Mon Apr 19 17:49:52 EDT 1999
anonymous: PILLX: Isn't better that you point us to the news link by posting the URL, rather that putting all the article. You disrupt existing discussions. Charlie from Mexico
Mon Apr 19 18:04:52 EDT 1999
anonymous: Hear! Hear! Charlie from Mexico.
Mon Apr 19 18:09:18 EDT 1999
anonymous: Gold, Gold, Gold, and again I say Gold.... Equities telling us inflation spook coming... watch gold, my friends!!!!
Mon Apr 19 18:11:22 EDT 1999
anonymous: Ashanti Goldfield for Ghana? which for RSA, pls.?
Mon Apr 19 18:20:57 EDT 1999
PILLX: Charlie from mexico : it's not always possible to point to the news, you havn't access to ??But if the majority prefer I will stop editing what I think is important to put in perspective!!
Mon Apr 19 18:23:14 EDT 1999
anonymous: Phillx: Why do you think Pakistan will default on Eurobonds. Do you know more than we do?
Mon Apr 19 18:23:32 EDT 1999
anonymous: What's happening with the daily closing prices???
Mon Apr 19 18:24:28 EDT 1999
anonymous: market out a little nervous on U.S. stocks..
Mon Apr 19 18:34:39 EDT 1999
anonymous: subscribe to bradynet.
Mon Apr 19 18:48:21 EDT 1999
PILLX: I thing only that if there is rescheduling on debt even the eurobonds will suffer,not with real rescheduling, but with the uncertainty of the traders,the price of the euro will suffer,therefore my Russian portfolio is 1/3 in Fleming Russia securities,1/3 in minfins, 1/3 in Russian Euros, at the end in 2,3 years and if Russia stays Russia (and not devised in 20 independent country's)I will make a minimum of 50%/year for the next 10 years !!!
Mon Apr 19 18:50:24 EDT 1999
anonymous: Yes. But did Pakistan say they will restructure the Eurobonds. I here exactly the opposite. They will pay them.
Mon Apr 19 18:55:30 EDT 1999
anonymous: Here is a thought: Russian prins and ians will not see any cash for at least 3 years. Whadda ya think of that?
Mon Apr 19 19:02:53 EDT 1999
PILLX: Your Pakistan question is not is not important in a combination of a portfolio,because if there is a rescheduling in euros the shares of this Country will soar on the assumption that the country will gives oxygen to the country index
Mon Apr 19 19:39:45 EDT 1999
PILLX: 55 It should not be viewed as a surprise as it is consistent with the Russian government's approach which involves discriminating between Russian and Soviet debt,what kind of restructuring deal investors would be offered=A long one.Another important consideration could be that the government could not hope to pay out on MinFins without raising the hackles of the Paris and London creditors clubs which are being forced to restructure their debts.
Mon Apr 19 19:39:49 EDT 1999
PILLX: 44 MinFins are direct obligations of the Russian ministry of finance and it is ludicrous to say they constitute Soviet debt.The resolution covering the issuance of the Minfin tranches 1 though 5 that Russia is now calling "Soviet," contains a key phrase stating that they are,"in the name of the Russian Federation."The yield to maturity on third tranche MinFins has soared in over-the-counter sales,although official trading stopped on April 14,one month before the issue comes due.The YTM on MinFin 6 on other hand dropped from 68.8 percent last week to 52 percent Monday.With Russia's hard currency reserves currently at $10.8 billion,failure to redeem tranche 3 will hardly come as a surprise.
Mon Apr 19 19:39:54 EDT 1999
PILLX: 33 The Russian government is basing its decision to discriminate between various MinFin issues on the fact that the first five tranches were issued against Soviet-era bank deposits,while the last sixth and seventh "sacred" tranches amounting to a total of $3.5 billion, were issued in 1996 in lieu of commercial hard currency debts of the Russian Federation It is important to look at the text's wording and resolution 229 from March 1996 clearly states that tranche 6 and 7 are Russian Federation debts.Analysts however dismissed this view, saying the bonds were issued by the post-Soviet Russian government.
Mon Apr 19 19:39:59 EDT 1999
PILLX: 22 The consequences of defaulting on the third tranche are as yet unclear.As in Eurobonds,a large number of creditors are involved and there is no legal precedent.Another similarity to Eurobonds is that MinFin creditors can call for accelerating payments,thus bringing all the tranches due simultaneously and piling a further $11 billion on to Russia's debt default plate.However, unlike Eurobonds,MinFins are administered under Russian law, which is likely to make it tougher for investors, however,few investors will file lawsuits as past experience shows chances of getting anything in such cases are not only doubtful but also carry more delays.Creditors are more likely to negotiate than litigate.
Mon Apr 19 19:40:04 EDT 1999
PILLX: 11 Russia looks certain to default on the $1.6 billion third MinFin tranche that matures next month after a top government official declared over the weekend that Russia includes the paper among Soviet-era obligations that it has unilaterally decided it is not obliged to honor.A substantial part of the MinFin bonds is Soviet-era debt,but part of it is Russian debt,First Deputy Finance Minister Mikhail Kasyanov said in London on Sunday. This concerns sixth and seventh tranche bonds Kasyanov said, adding that "these tranches will be paid in any event, on schedule and in full.Russian debt on the $11 billion owed on MinFin bonds is just $3.5 billion, Kasyanov said.The Finance Ministry and its paying agent Vneshekonombank failed Monday to publish instructions to bondholders who have submitted MinFin 3 papers for redemption.
Mon Apr 19 19:59:25 EDT 1999
PILLX: 44 To accept the current deal means to accept that Russia is going to dictate terms unilaterally,to build a more constructive relationship with Russia,will have to wait and see what happens,whether international court action would pay off.Dragging Russia through the international courts could be a long drawn-out process.And,although you could win a judgment,this does not mean you would necessarily be able to collect.
Mon Apr 19 19:59:36 EDT 1999
PILLX: 33 In December,analysts estimated the original deal as bringing returns of 5 cents per dollar of original investment.CSFB is said to hold 40 percent of the GKOs owned by foreign creditors,valued at $40 billion just before the August crisis.Nomura would resort to the courts if Russia refuses to renegotiate.Nomura was commissioned by the group of 19 several weeks ago to examine ways of bringing Russia to international courts over the debt.Under international investor protection treaties,legal action could be taken against Russia in Dutch, French, British and German courts.
Mon Apr 19 19:59:48 EDT 1999
PILLX: 22The bank has accused Russia of backtracking on terms offered in an original plan in December and has now introduced conditions that will sting foreign creditors even harder.It was unclear how the Russian government would react to the CSFB-led group's refusal to bow to its terms.The Finance Ministry refused last week to push back the deadline any further.In a deal that analysts estimate could see a miserly return of just one cent to the dollar on Western creditors original investments,foreigners have been offered 90 percent in ruble bonds and 10 percent in cash and equity coupons.
Mon Apr 19 19:59:56 EDT 1999
PILLX: 11As the deadline for submitting tenders on Russia's ruble debt swap expired,Credit Suisse First Boston and other foreign holders of billions of dollars'worth of the frozen debts,known as GKOs,have thrown the deal back in Russia's face.A group of banks led by CSFB and including Nomura Capital Management,is insisting Russia rethink its rigid stance on debt restructuring terms and come back to the negotiating table.Nomura together with CSFB will be formally announcing its rejection of the Russian offer on Tuesday.Russia slated the deadline for submitting tenders for the debt swap for Tuesday and said all frozen debt must be exchanged for new securities by April 30. CSFB informed its clients by letter last week they would reject the deal due to unclear restructuring terms.
Mon Apr 19 20:11:19 EDT 1999
anonymous: pillx: keep on editing and posting. son of wally (on his behalf, at least that is what i believe).
Mon Apr 19 20:13:01 EDT 1999
anonymous: What does CSFB think Russia can create gold out rubles. Maybe Russia should announce a currency board and instantly turn rubles to dollars like some of the Argentines think they can with their worthless peso. CFSB in total denial.
Mon Apr 19 20:25:20 EDT 1999
PILLX: My fader where are you I need your feedback
Mon Apr 19 21:08:21 EDT 1999
PILLX: My father where are you I need your feedback
Mon Apr 19 21:22:09 EDT 1999
anonymous: Alex? Wally? Where are you??? gnom vo zueri
Mon Apr 19 21:28:53 EDT 1999
anonymous: one boring evening. pillx, the gnom and the son(?) of wally.
Mon Apr 19 21:31:25 EDT 1999
anonymous: why no numbers today. tofu
Mon Apr 19 22:04:49 EDT 1999
anonymous: Where is the Great Waldo Pepper (a.k.a Wally)? Could he have been long AOL and is now AWOL? A margin call in Net Stocks? Nah, my bet he is flying high, literally!
Mon Apr 19 22:49:40 EDT 1999
anonymous: Nevertheless, such strong-arm tactics - once unthinkable for Russians to use against Serbs - could now be employed. As Tretyakov observed, Chernomyrdin and his friend, U.S. Vice President Al Gore, share a mutual political interest in a speedy peace agreement: If the United States is still mired in the Balkans in 2000, Gore's hopes of winning the U.S. presidency that November will decline. Chernomyrdin's chances of winning the Russian presidency in the sameyear, by contrast, are presently close to zero, but they could improve dramatically if he can achieve peace in the area. "[Chernomyrdin] is going for broke," Tretyakov said. "He doesn't have much to lose if he fails. If he succeeds, it opens a path to the presidency for him." Tuesday's Moscow Times >>>> MORE FODDER FOR THE RALLY. EUROBONDS GONNA TRADE @ 40 in a FEW DAYZ
Mon Apr 19 22:49:52 EDT 1999
anonymous: Nevertheless, such strong-arm tactics - once unthinkable for Russians to use against Serbs - could now be employed. As Tretyakov observed, Chernomyrdin and his friend, U.S. Vice President Al Gore, share a mutual political interest in a speedy peace agreement: If the United States is still mired in the Balkans in 2000, Gore's hopes of winning the U.S. presidency that November will decline. Chernomyrdin's chances of winning the Russian presidency in the sameyear, by contrast, are presently close to zero, but they could improve dramatically if he can achieve peace in the area. "[Chernomyrdin] is going for broke," Tretyakov said. "He doesn't have much to lose if he fails. If he succeeds, it opens a path to the presidency for him." Tuesday's Moscow Times >>>> MORE FODDER FOR THE RALLY. EUROBONDS GONNA TRADE @ 40 in a FEW DAYZ
Mon Apr 19 22:52:30 EDT 1999
anonymous: Nevertheless, such strong-arm tactics - once unthinkable for Russians to use against Serbs - could now be employed. As Tretyakov observed, Chernomyrdin and his friend, U.S. Vice President Al Gore, share a mutual political interest in a speedy peace agreement: If the United States is still mired in the Balkans in 2000, Gore's hopes of winning the U.S. presidency that November will decline. Chernomyrdin's chances of winning the Russian presidency in the sameyear, by contrast, are presently close to zero, but they could improve dramatically if he can achieve peace in the area. "[Chernomyrdin] is going for broke," Tretyakov said. "He doesn't have much to lose if he fails. If he succeeds, it opens a path to the presidency for him." Tuesday's Moscow Times >>>> MORE FODDER FOR THE RALLY. EUROBONDS GONNA TRADE @ 40 in a FEW DAYZ http://www.moscowtimes.ru/20-Apr-1999/stories/story3.html
Mon Apr 19 23:18:28 EDT 1999
anonymous: "It should not be viewed as a surprise as it is consistent with the Russian government's approach which involves discriminating between Russian and Soviet debt," said Eric Fine, head of fixed income at Morgan Stanley in London. When asked what kind of restructuring deal investors would be offered Fine said: "A long one." Moscow Times. Thank goodness the Russians aren't trying to pay the MinFins. The most rational thing they have done in the past few months is announce the default on the MinFins.
Mon Apr 19 23:36:01 EDT 1999
anonymous: Through all of this, Yeltsin has sought to soothe these nationalist emotions, and administration officials here said the phone call to Yeltsin on Monday was intended to play to his pro-European, pro-democratic sentiments. For its part, Moscow is engaged in trying to seal a new loan agreement with the International Monetary Fund, and a delegation of Russian finance officials is expected in Washington next week to continue negotiations on the monetary package. NY TIMES<<<< HOW MUCH $$$ DID YELTSIN EXTRACT FROM CLINTON ON THE 50 MIN CALL YESTERDAY... IMF DISBURSES OR IT IS BECOMING CLEARER AND CLEARER THAT WW III IS INCREASINGLY LIKELY..
Tue Apr 20 05:04:53 EDT 1999
wally: LONDON, April 20 (Reuters) - A Russian Ministry of Finance delegation and the Bank Advisory Committee for Vneshekonombank met in London on Tuesday and said negotiations on restructuring distressed Soviet-era debt would start in May. A joint statement released by the Ministry of Finance and Deutsche Bank, Chairman of the Bank Advisory Committee said Tuesday's meeting was to discuss "organisational issues and to provide the Committee with a briefing on Russia's current situation".

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