Color of the Market Archive, Page #20
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

Sun Apr 25 14:04:45 EDT 1999
Savonarola: Guys, what a weekend. I haven't seen so much traffic for quite a while. Back to business: Russia Euros. My view: forget Kosovo, Rubin, Summers, Camdessus or whoever. Forget about the level of reserves. The issue has been settled already. Russia will budge and agree to an IMF program in terms acceptable to everybody. In exchange they will get the money they need, probably through a stand-by one year deal. Paris Club will not ask for comparability and London Club will have to accept a deal similar to the one that was closed with everybody else. ie. discount, extended periods, low initial coupons, etc... Euros will be servided punctually and will go to Brazilian spreads before year end, meaning Russia 28 above 80%. The analysts that know nothing but write a lot will soon overwhelmingly overweigth Russia. Finally, the level of reserves do not matter. The country as a whole generates surplus dollars. What matters is that the Minfin generates non-inflationary roubles to buy the dollars. ie primary surplus., and that is the objective of the IMF program. Have fun the longs! Time to capitulate the shorts!
Sun Apr 25 14:05:59 EDT 1999
Savonarola: Friends: Russia Euros. My view: forget Kosovo, Rubin, Camdessus or whoever. Forgetthe level of reserves. The issue has been settled. Russia will agree to an IMF program in terms acceptable to everybody. In exchange they will get the money they need, probably through a stand-by one year deal. Paris Club will not ask for comparability and London Club will have to accept a deal similar to the one that was closed with everybody else. ie. discount, extended periods, low initial coupons, etc... Euros will be servided punctually and will go to Brazilian spreads before year end, meaning Russia 28 above 80%. The analysts that know nothing but write a lot will soon overwhelmingly overweigth Russia. Finally, the level of reserves do not matter. The country as a whole generates surplus dollars. What matters is that the Minfin generates non-inflationary roubles to buy the dollars. ie primary surplus., and that is the objective of the IMF program. Have fun the longs! Time to capitulate the shorts!
Sun Apr 25 15:42:39 EDT 1999
anonymous: 04-25-99 Anonymous: I am afraid to say this, but I think the IMF package will be calculated and designed buy the IMF and U.S. Treasury to provide Russia just enough to squeek through to the election and making it very tight so Russia will tempted to default on Eurobonds. We all know that behind close doors this is what the official sector wants. Slush fund for Russia? You are smoking big dope. The IMF gave a $21 Bn slush fund to Yelsin and look where we are now. Time will tell, Comrades. Roll the die. KEEP ON DREAMING FRIEND,NOBODY NOW LETS RUSSIA DEFAULT ON EUROS,SIMPLY TOO DANGEROUS
Sun Apr 25 15:48:38 EDT 1999
anonymous: 04-25-99 Savonarola: (194.112.54.56) Friends: Russia Euros. My view: forget Kosovo, Rubin, Camdessus or<< Think you need a lesson in basic economics. I guess Russia will trade like an internet stock that has no profits and therefore difficult to value. How can we value Russian bonds if their usable reserves are approaching $5 bn and declining? Guess it doesn't matter according to the economic geniuses on this site. Strap yourselves in, comrades, and prepare for a volitle week.
Sun Apr 25 15:53:45 EDT 1999
anonymous: The IMF executive board has approved a new credit line to help countries threatened by financial crisis provided they follow sound economic policies, the IMF said.
Sun Apr 25 15:59:34 EDT 1999
anonymous: 04-25-99 Anonymous: 04-25-99 Savonarola: (194.112.54.56) Friends: Russia Euros. My view: forget Kosovo, Rubin, Camdessus or<< Think you need a lesson in basic economics. I guess Russia will trade like an internet stock that has no profits and therefore difficult to value. How can we value Russian bonds if their usable reserves are approaching $5 bn and declining? Guess it doesn't matter according to the economic geniuses on this site. Strap yourselves in, comrades, and prepare for a volitle week. WHY DON'T YOU MAKE A SHORT POSITION,MR.GENIUS???
Sun Apr 25 16:42:19 EDT 1999
anonymous: WHY DON'T YOU MAKE A SHORT POSITION,MR.GENIUS???<<< Been there done that. Where is your bid, Mr. G?
Sun Apr 25 16:43:58 EDT 1999
anonymous: just jabbering,as usual!! Was there one SPANKY around before???
Sun Apr 25 16:52:44 EDT 1999
anonymous: To make matters worse, while Luzhkov is regularly seen playing tennis - one of Yeltsin's favourite pastimes - Primakov has had to cancel several trips and meetings because of acute back pain. When he re-emerged into the public gaze after several days in hospital, he could not walk without being supported by two aides. Yeltsin could barely conceal his glee. "The tables have been turned," said one Kremlin insider. "We keep making the fatal mistake of writing Yeltsin off and that is just what makes him bounce back. "Nothing can be ruled out: stability, a coup, a new prime minister, a new government, early elections or no elections at all. Russia is not getting any easier to predict." - LONNDON's SUNDAY TIMES
Sun Apr 25 16:57:51 EDT 1999
anonymous: Re: Russia -- Let's see: political instabily; potential confrontation with NATO; underfunded IMF program; defaulting daily on various debts. One can only conclude: BUY, BUy, Buy, buy, BYE, BYe, Bye, bye.. I see the sheep are running again in the emerging markets!!
Sun Apr 25 17:19:27 EDT 1999
anonymous: "But even if loopholes are found this does not mean that exchange rate will suddenly become volatile again. There will just be a gradual increase in the number of dollars leaving the country," he said. As Russia's hard currency reserves have dwindled down to an official three-year low of $10.8 billion, the Central Bank has launched a tough crusade against capital flight, clamping down on foreign exchange transactions. With $4 billion of the reserves in illiquid gold, the Central Bank has been walking a tightrope in recent weeks between the Scylla of a liquidity crunch for export-import firms on one side and the Charybdis of a plunging exchange rate on the other. <<<Buy, buy, buy, buy, buy!!!!!!!!
Sun Apr 25 17:47:09 EDT 1999
anonymous: why don't you make a short position,mr.genius???
Sun Apr 25 17:48:00 EDT 1999
anonymous: just jabbering,as usual!! Wasn't there one SPANKY around before???
Sun Apr 25 17:49:59 EDT 1999
anonymous: Re: Russia -- Let's see: political instabily; potential confrontation with NATO; underfunded IMF program; defaulting daily on various debts. One can only conclude: BUY, BUy, Buy, buy, BYE, BYe, Bye, bye.. I see the sheep are running again in the emerging markets!! YOU SAID THAT 4 MONTHS AGO AND LOST BIG WHILE SHORT.TRYING AGAIN???
Sun Apr 25 19:05:27 EDT 1999
anonymous: How do you know what was said 4 months ago?
Sun Apr 25 19:07:23 EDT 1999
anonymous: Why is anyone who is little bit bullish Spanky? Guess the Devil theory at work here.
Sun Apr 25 19:08:08 EDT 1999
anonymous: O.K., I am not a bear, just an "Inverse Bull"!!!!
Sun Apr 25 19:20:52 EDT 1999
PILLX: Russia's budget deficit beats expectations The Russian finance ministry said its first-quarter budget deficit was 40 per cent less than anticipated at Rbs20.6bn ($837m). Yevgeny Primakov, Russian prime minister, had agreed with the International Monetary Fund to achieve a primary deficit surplus, before debt servicing costs, of 2 per cent of gross domestic product.
Sun Apr 25 19:42:27 EDT 1999
clota: to Savonarola: I agree with your forecast on Russia. EM´s have shown that they have a very short memory, and that yield chasing greed pushes bond prices way too high; therefore euro´s in the 80´s may very well happen (IAN´s were at 85!!). As for London Club, a very simple solution would be to forget about the cash portion of the PRINs interest payment for several years and make them 100% IANs (I wish creditors had accepted the russian proposal to do just that last december!!)
Sun Apr 25 20:11:21 EDT 1999
PILLX: http://www.bloomberg.com/bbn/topworld.html?s=31b9bead0c3e899711eaf0e0f8410e08
Sun Apr 25 20:11:33 EDT 1999
PILLX: http://www.bloomberg.com/bbn/topworld.html?s=31b9bead0c3e899711eaf0e0f8410e08
Sun Apr 25 21:20:45 EDT 1999
¤ wally ¤: "Inverse Bull" one more nomination for the pulitzer prize. not meant ironically; good word creation!
Sun Apr 25 21:23:57 EDT 1999
anonymous: you like, wally? figure sell is a four letter word on this site.
Sun Apr 25 21:28:16 EDT 1999
anonymous: MOSCOW (AP) - Russia may beef up its defense budget and will review its relations with NATO countries if the alliance commits ground troops to Yugoslavia, Prime Minister Yevgeny Primakov said Sunday<< TOuche! PHALLEX!
Sun Apr 25 21:33:07 EDT 1999
anonymous: Wally I am back. remember your old saying? und wider neigt sich ein wunderschöner rendnertag seinen geruhsamen und fridfollem ende zu. gnom vo zueri
Sun Apr 25 21:37:35 EDT 1999
anonymous: dammit gnom speak english not dutch. we all know that you can.
Sun Apr 25 21:40:40 EDT 1999
¤ wally ¤: gnom: quite an improvement. only four spelling and one grammar mistake in one sentence. how was LHE and your ammi?
Sun Apr 25 21:42:40 EDT 1999
¤ wally ¤: gnom: correction. make it five spelling mistakes.
Sun Apr 25 21:57:53 EDT 1999
anonymous: wally_waht_should_i_do_with_russia_euros?_buy_hold_or_sell??
Sun Apr 25 22:18:44 EDT 1999
anonymous: Hey, color2page is not updating again. Thank you.
Sun Apr 25 22:41:09 EDT 1999
anonymous: Russian ships face searches on high seas NATO'S proposed oil embargo on Yugoslavia and "blockade" of the Montenegrin port of Bar in the Adriatic will be enforced according to international law, Tony Blair's official spokesman promised yesterday. Bar helps to fuel President Milosevic's tanks and armoured vehicles in Kosovo. << Monday's London Times.<< BradyNeters don't be so complacent on this. We have a major global crisis at work here.
Sun Apr 25 22:43:05 EDT 1999
anonymous: The major question being asked at the summit yesterday was how Nato would react if faced by a Russian oil tanker bound for Bar. At the weekend the Kremlin made it clear that it would not respect a Nato-led oil embargo. "We cannot do anything to worsen the suffering of the people in Yugoslavia, and we will continue delivering oil in keeping with our international commitments," Igor Ivanov, Russia's Foreign Minister, said. American officials made it clear that the naval blockade would cover all countries, including Russia. They added that the operation could be in force soon.
Sun Apr 25 23:03:25 EDT 1999
anonymous: 'Yugoslavia receives only a fraction of its oil by sea. Until the airstrikes began, most of the 54,000 barrels it imported each day came from Russia (12,000 barrels), Ukraine, Greece, Bulgaria, Romania and the European Union. Yugoslavia produces a further 18,000 barrels a day....Only a small amount of refined oil come to Bar, on the Montenegrin coast.' The (London) Times, April 26.
Mon Apr 26 00:08:28 EDT 1999
Cheetah: "russia is not getting any easier to predict"... it's just a big Venezuela, OIL OIL OIL = current price = BUY BUY BUY
Mon Apr 26 00:29:31 EDT 1999
anonymous: American intelligence analysts estimate that Montenegrin ports have unloaded 40,000 to 45,000 metric tons, or about 300,000 barrels, of oil in the past month, undercutting the air campaign's goal to dry up Belgrade's ability to resupply the 40,000 Yugoslav troops in Kosovo who are expelling ethnic Albanians and destroying their villages. France and Italy, in particular, have raised questions about the legal justification for mounting a blockade against third-party countries, as distinct from an embargo restricting only shipments from cooperating nations. Solana's scenario would cover countries that do not belong to NATO or the European Union, such as Russia or Ukraine, whose tankers have unloaded oil in Montenegrin ports since the air war started on March 24. "If we make the choice of a blockade, then we have to recognize we risk war with a third party who hasn't agreed to the blockade," said one French diplomat. "For that you need a U.N. mandate." Monday's NY TIMES
Mon Apr 26 00:30:48 EDT 1999
anonymous: American intelligence analysts estimate that Montenegrin ports have unloaded 40,000 to 45,000 metric tons, or about 300,000 barrels, of oil in the past month, undercutting the air campaign's goal to dry up Belgrade's ability to resupply the 40,000 Yugoslav troops in Kosovo who are expelling ethnic Albanians and destroying their villages. Solana's scenario would cover countries that do not belong to NATO or the European Union, such as Russia or Ukraine, whose tankers have unloaded oil in Montenegrin ports since the air war started on March 24. "If we make the choice of a blockade, then we have to recognize we risk war with a third party who hasn't agreed to the blockade," said one French diplomat. "For that you need a U.N. mandate." Monday's NY TIMES
Mon Apr 26 00:33:12 EDT 1999
anonymous: Cheetah: once difference between Ven and Russia. The Russians are not good "lap dogs" of the U.S., like Venezuela.
Mon Apr 26 05:15:59 EDT 1999
Grodzinski: what are best local currency EM fixed income bets at the moment?
Mon Apr 26 05:37:02 EDT 1999
anonymous: President Clinton's response to the horrific shootings in Denver was: "We must do more to teach our children to express their anger and resolve their conflicts with words, not weapons. "Really, Mr Clinton, is that what you are doing in Kosovo? You've been telling us for the last four weeks that using weapons is the only way to resolve the conflict in Kosovo. America is a very violent society. Children are affected every second by violence on TV, in films, on the Internet, on the streets, everywhere. regret that this glorification of violence has permeated the entire world. And the charismatic president of the United States stands up and talks out of both sides of his mouth. Is this how we teach our children? An American.
Mon Apr 26 06:43:29 EDT 1999
anonymous: School shooting vs.KOSOVA: You are comparing apples with tomatoes.rgds.Fred
Mon Apr 26 07:07:17 EDT 1999
anonymous: fredi, there are more news here on school shooting than on kosovo! not an american.
Mon Apr 26 07:39:17 EDT 1999
Grodzinski: advice - anyone out there what are best 3 local curr fixed-income EM bets on 3 month view (unhedged)?
Mon Apr 26 08:28:57 EDT 1999
Daniel: Jesse Ventura's comment on the Denver shooting: "This is a good example of what happens when honest citizens are not permitted to care concealed firearms." (Teachers in Denver are prohibited from packing heat because of Colorodo's "safe school" laws.)
Mon Apr 26 09:29:54 EDT 1999
Savonarola: Friends, another fine day in Russian Euros. Better days to come. Soon the experts that recommended to sell at 20 will strongly recommend to buy at 50. The rally will then be spectacular and will take us to the 80s. The Euros are insulated from other Russain problems. They will be served punctually. And bonds that are current an will remain so can not trade above 1,000 over...do your math...we have a 40 points rally coming...Have fun longs!! My condolences shorts!
Mon Apr 26 09:56:38 EDT 1999
Cheetah: Incredible to have another good day in Russian Euro's ! In face of ALL the " specialists ", " nobel prize wannabees " & " guru's" that DID NOT foresee Asia nor Russia, NOW telling investors that they are WAY AHEAD OF THEMSELVES... is this denial ? is this CYA just before recommending to BUY ?
Mon Apr 26 09:59:21 EDT 1999
anonymous: RF 28'BID ASK PLEASE?Tnx IN ADV
Mon Apr 26 10:10:50 EDT 1999
anonymous: London, April 26 (Bloomberg) -- British Airways Plc, Europe's largest airline, issued an apology to 391 passengers on a flight from San Francisco to London who were accidentally told their plane was about to crash into the sea, Agence France Presse reported, citing the company. A pre-recorded emergency announcement was ``inadvertently'' played three hours into the flight, though the company denied responsibility for the incident. ``The message has to be in an accessible position and it is our belief that a passenger on board found this button and pushed it. We are treating this as seriously as we would a bomb hoax call made against the airline,'' a spokeswoman for British Airways said, AFP reported. The United States' National Transportation Safety Board is urging the Federal Aviation Administration to require upgrades in the so-called black boxes after inquiries into fatal crashes were hampered by equipment failure.<<< An emerging market analyst pushed the button!!!!
Mon Apr 26 10:13:29 EDT 1999
anonymous: 04-26-99 Savonarola: (194.112.55.161) Friends, another fine day in Russian Euros. <<BULLS EAT, BEARS EAT, PIGS GET SLAUGHTERED. SARVIE, YOU ARE GONNA MAKE SOME NICE BACON FOR THE BIG BAD RUSSIAN WOLF!!
Mon Apr 26 10:14:24 EDT 1999
optimist: rf28 43.125/625
Mon Apr 26 10:19:26 EDT 1999
anonymous: RusFed28 Ask67/Bid65,if I am not mistaken
Mon Apr 26 10:21:41 EDT 1999
anonymous: No,friend Anon,Savonarola is right,all shorts are dead within 1 week.NEVER PEACE IN KOSOVA WITHOUT RUSSIA
Mon Apr 26 10:30:19 EDT 1999
anonymous: GO RUSSIA, GO Go!!!
Mon Apr 26 10:30:39 EDT 1999
anonymous: GO RUSSIA, GO Go!!!
Mon Apr 26 10:35:35 EDT 1999
anonymous: 04-26-99 Anonymous: 04-26-99 Savonarola: (194.112.55.161) Friends, another fine day in Russian Euros. <<BULLS EAT, BEARS EAT, PIGS GET SLAUGHTERED. SARVIE, YOU ARE GONNA MAKE SOME NICE BACON FOR THE BIG BAD RUSSIAN WOLF!! you have no idea how wrong you are,boy!Russia is center and top since 8 weeks,but there is a war going on if you haven't noticed
Mon Apr 26 10:46:05 EDT 1999
anonymous: Russia is up because of the war, Nimrod. Enjoy your blood money profits!
Mon Apr 26 10:49:00 EDT 1999
PILLX: Foreign investors who exchanged frozen Treasury debt for new government securities will have the right to buy shares in six Russian companies,almost all the country's major blue-chips were on the list.Companies that have been mentioned as likely investment possibilities include Russia's largest oil producer, OAO Lukoil (R.LKO), Russian natural gas monopoly RAO Gazprom (R.GAZ), oil company AO Surgutneftegas (SGUZY) and telecommunications provider Rostelecom (R.RTL).The government has approved the terms proposed by the Ministry of Finance under which foreign investors can buy shares using money received from the Treasury bill exchange
Mon Apr 26 10:51:47 EDT 1999
PILLX: Finance ministers and central bank chiefs from the Group of Seven leading industrialized nations will meet to discuss the shape of the world economy and possible ways to reform global financial systems in the wake of 20 months of crises in the economies of Asia, Russia and Brazil.
Mon Apr 26 10:52:43 EDT 1999
Monty: Does anyone have a recent price / opinion on the D.Mark Ukraine Senior 16% Bonds due 26.2. 2001.
Mon Apr 26 11:17:19 EDT 1999
anonymous: UKR'S 01 PRICE IT'S 80ASK THE UKR 00 IT'S 80 TOO.I think that if you want to buy ukr bonds you should prefer the second to the first because it has a shorter maturity thus will outperform the 01.Buy 00 at 80 not 01.
Mon Apr 26 11:21:47 EDT 1999
Monty: Thank for the Ukraine Bond info I own the 2001 's. What are they bid. I can always switch, unless the spread is more like a years hi - lo
Mon Apr 26 11:39:27 EDT 1999
anonymous: IMF sees some Eurobond refinancing WASHINGTON, April 26 (Reuters) - A top IMF official said on Monday that some cash-strapped countries would be forced to reschedule their Eurobonds. ``It is inevitable that countries facing shortages of private and public sector cash will have to reschedule Eurobonds,'' IMF first deputy managing director Stanley Fischer said.<<<<OUCH!!!!!!!!!!!!!!!!!!
Mon Apr 26 11:48:24 EDT 1999
anonymous: MR. blood money profits. did you ever think that a lot of investors bouht thes bonds at more then doble the prize??????
Mon Apr 26 11:53:37 EDT 1999
anonymous: Does that change the fact that the bonds have rallied because of the war. Do you know what blood money is?
Mon Apr 26 11:56:00 EDT 1999
anonymous: The fact is, the West needs to keep Russia in the fold. Too risky to let them go. But, I am nervous Larry Summers does not get it. He is way too arrogant to be in that position of power, esp. the fact he will be Treasury Secty by June 1.
Mon Apr 26 12:01:04 EDT 1999
PILLX: The International Monetary Fund's deputy managing director Monday said the Fund would prefer for private banks and investors to develop new bond contracts that would allow developing nations to reschedule their Eurobonds,rather than having the new contracts forced upon them.At present, most bond contracts make it extremely difficult to reschedule Eurobonds, since a restructuring would require unanimous approval by bond holders."We'd be very happy to see a private sector initiative," Stanley Fischer said.The IMF has joined the Group of Seven leading industrialized nations in calling on private banks and investors to share the burden of helping developing countries that have problems repaying their debts. Speaking to a conference organized by the International Institute of Finance,Fischer noted that Eurobonds make up an increasingly larger share of developing country debts.He said a developing country will default on its Eurobonds "one day,"even though many investors believe the bonds have a special status because defaults in the past have been rare."Some Eurobonds were sold at spreads that can only be interpreted as believing there was some chance of restructuring," Fischer said."That possibility was built into pricing, and it will happen one day."
Mon Apr 26 12:01:41 EDT 1999
PILLX: The International Monetary Fund's deputy managing director Monday said the Fund would prefer for private banks and investors to develop new bond contracts that would allow developing nations to reschedule their Eurobonds,rather than having the new contracts forced upon them.At present, most bond contracts make it extremely difficult to reschedule Eurobonds, since a restructuring would require unanimous approval by bond holders."We'd be very happy to see a private sector initiative," Stanley Fischer said.The IMF has joined the Group of Seven leading industrialized nations in calling on private banks and investors to share the burden of helping developing countries that have problems repaying their debts. Speaking to a conference organized by the International Institute of Finance,Fischer noted that Eurobonds make up an increasingly larger share of developing country debts.He said a developing country will default on its Eurobonds "one day,"even though many investors believe the bonds have a special status because defaults in the past have been rare
Mon Apr 26 12:02:27 EDT 1999
Savonarola: Friends: UKR 01 80%...Russia 01 52%....Ukraine has nothing other than US$ 15bn of debt of which $11 bn is in hard currency. Produces nothing, exports nothing....Is this a puzzle??? No! the answer is : The shorters who still believe Russian Euros are in a range. They feel they can play with Russia but not with Ukraine. Fair value for Russian Euros is in the 80s. Anything below that will be blood money...but the blood of the shorters!!!! Longs....have fun!! Shorts...your end is close!!
Mon Apr 26 12:02:53 EDT 1999
PILLX: 222 . Speaking to a conference organized by the International Institute of Finance,Fischer noted that Eurobonds make up an increasingly larger share of developing country debts.He said a developing country will default on its Eurobonds "one day,"even though many investors believe the bonds have a special status because defaults in the past have been rare ."Some Eurobonds were sold at spreads that can only be interpreted as believing there was some chance of restructuring," Fischer said."That possibility was built into pricing, and it will happen one day."
Mon Apr 26 12:03:02 EDT 1999
PILLX: 111 The International Monetary Fund's deputy managing director Monday said the Fund would prefer for private banks and investors to develop new bond contracts that would allow developing nations to reschedule their Eurobonds,rather than having the new contracts forced upon them.At present, most bond contracts make it extremely difficult to reschedule Eurobonds, since a restructuring would require unanimous approval by bond holders."We'd be very happy to see a private sector initiative," Stanley Fischer said.The IMF has joined the Group of Seven leading industrialized nations in calling on private banks and investors to share the burden of helping developing countries that have problems repaying their debts
Mon Apr 26 12:05:12 EDT 1999
¤ wally ¤: <Enjoy your blood money profits> honourable sir, you mentioned that before and that was -from your point of view- perhaps justified. the question remains: is it just that YOU did not make profit and that you are full of envy? nobody who bought russians bonds has caused this war! and don't forget that there a lot of investors who bought russia during the last two years at double, triple and quadruple of today's prices and who are inspite of the recent run-up in deep sh..! so please, give us a break from your morality.
Mon Apr 26 12:11:56 EDT 1999
PILLX: WALLY could you resolve this little problem for Russia,then your Euro will be at 150: Between $50 billion and $250 billion has been illegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus, have become "money-laundering centers" for criminal Russian capital.Germany,where more than 600 firms have been established since the Soviet Union's breakup,is one of the main centers for Russian criminal groupings,commercial firms have been set up,criminal groupings from Russia,Ukraine,Georgia and other CIS countries are actively "exploring" the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms.The weekly turnover of illegal Russian capital in the Rhine region alone is estimated by German colleagues at $100 million to $150 million.Some of such firms are run by German citizens who do not even know what the actual function of these companies is.Normally,the criminal Russian capital is first moved to offshore companies in Cyprus and then to Germany.Following a complicated "laundering" process,"clean" money is invested in legal businesses.The capital legalized in Germany finally enters accounts in respectable Swiss,American or Japanese banks.
Mon Apr 26 12:12:09 EDT 1999
¤ wally ¤: <Does that change the fact> have you ever sold a stock which was up because the company announced a lay-off of several thousand employees AND donated the profits to jobless, Mr "blood money"?? if you are an investor, and it seems so, because you are on this site things like this must have happened to you. if not than you are just plain liar and not an investor. in both cases: get lost!
Mon Apr 26 12:15:09 EDT 1999
¤ wally ¤: pillx: <develop new bond> here's the beef. just focus on the word NEW! anything else what "they" all said is the usual old BS!
Mon Apr 26 12:19:00 EDT 1999
anonymous: Wally, you make some good points, which I agree with. And I am not full envy, just concerned the market is deluded and will loose money here making a bet on Russia. Look at the cash flow and the politics. I think the IMF may not provide enough money to keep their commitments. As far as blood money goes, do you think Russia would have rallied without the war? Would the IMF have capitulated to almost no policy reform? But some of the smart money knew this and bought, like yourself, and are now getting out, selling to retail, which we know, always buys the top. So wait for the package and the political situation. To buy here, risks a 15-20 points of downside (50-70%) if things hit a snag. No morality here, Wally. What is your opinion?
Mon Apr 26 12:20:27 EDT 1999
¤ wally ¤: <Stanley Fischer> let Fischer have his dreams "calling on private banks and investors to share the burden". but just thinking that these dreamers are paid fancy remunerations with OUR tax money makes my intestines twist.
Mon Apr 26 12:20:53 EDT 1999
anonymous: Blood money??? I call you simply jealous if you lose and others win
Mon Apr 26 12:23:05 EDT 1999
PILLX: WALLY could you resolve this little problem,then your Euro's will be 150:Between$50billion and$250billion has been illegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus,have become"money-laundering centers" for criminal Russian capital.Germany,where more than 600 firms have been established since the SU's breakup,is one of the main centers for Russian criminal groupings,they actively "exploring" the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms. The weekly turnover of illegal Russian capital in the Rhine region alone is estimated by at $100 million to $150 million. Some of such firms are run by German citizens who do not even know what the actual function of these companies is.Normally, the criminal Russian capital is first moved to offshore companies in Cyprus and then to Germany.Following a complicated "laundering" process,"clean" money is invested in legal businesses.The capital legalized in Germany finally enters accounts in respectable Swiss,American or Japanese banks.
Mon Apr 26 12:24:47 EDT 1999
PILLX: WALLY could you resolve this little problem,then your Euro's will be 150:Between$50billion and$250billion has been illegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus,have become"money-laundering centers" for criminal Russian capital.Germany,where more than600firms havebeen established since theSU's breakup,is one of the main centers for Russian criminal groupings,they actively "exploring" the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms. The weekly turnover of illegal Russian capital in the Rhine region alone is estimated by at $100 million to $150 million. Some of such firms are run by German citizens who do not even know what the actual function of these companies is.Normally, the criminal capital is first moved to offshore companies in Cyprus and then to Germany.Following a complicated "laundering" process,"clean" moneyis invested inlegal businesses.The capital legalized in Germany finally enters accounts in respectable Swiss,American or Japanese banks.
Mon Apr 26 12:25:59 EDT 1999
anonymous: Russia is up because of the war, Nimrod. Enjoy your blood money profits! GO SHORT!!!!!AS SAID BEFORE,IF YOU BELIEVE PRICES ARE TOO HIGH,GO SHORT WITH YOUR MONEY
Mon Apr 26 12:27:05 EDT 1999
PILLX: WALLY could you resolve this little problem,then your Euro's will be at 150:Between$50billion and$250billion has been illegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus,have become"money-laundering centers" for criminal Russian capital.Germany,where more than600firms havebeen established since theSU's breakup,is one of the main centers for Russian criminal groupings,they actively "exploring" the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms.The weekly turnover of illegal Russian capital in the Rhine region alone is estimated by at$100 m. to$150 m.Some of such firms are run by German citizens who do not even know what the actual function of these companies is.Normally,the criminal capital is first moved to offshore companies in Cyprus and then to Germany.Following a complicated "laundering"process,"clean"moneyis invested inlegal businesses. The capital legalized in Germany finally enters accounts in respectable Swiss,American or Japanese banks.
Mon Apr 26 12:29:09 EDT 1999
PILLX: WALLY could you resolve this little problem,then your Euro's will beat150:Between$50b.and$250b.has beenillegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus,have become"money-laundering centers"for criminal Russian capital.Germany,where more than 600firms havebeen established since theSU's breakup,is one of the main centers for Russian criminal groupings,they actively "exploring" the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms.The weekly turnover of illegal Russian capital in the Rhine region alone is estimated by at$100 m.to$150 m.Some of such firms are run by German citizens who do not even know what the actual function of these companies is.Normally,the criminal capital is first moved to offshore companies in Cyprus and then to Germany. Following a complicated"laundering"process,"clean"money is invested inlegal businesses.The capital legalized in Germany finally enters accounts in respectable Swiss,American or Japanese banks.
Mon Apr 26 12:30:02 EDT 1999
PILLX: WALLY could you resolve this little problem,then your Euro's will beat150:Between$50b.and$250b.has beenillegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus,have become"money-laundering centers"for criminal Russian capital.Germany,where more than 600firms havebeen established since theSU's breakup,is one of the main centers for Russian criminal groupings,they actively "exploring" the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms.The weekly turnover of illegal Russian capital in the Rhine region alone is estimated by at$100 m.to$150 m.Some of such firms are run by German citizens who do not even know what the actual function of these companies is.Normally,the criminal capital is first moved to offshore companies in Cyprus and then to Germany. Following a complicated"laundering"process,"clean"money is invested inlegal businesses.The capital legalized in Germany finally enters accounts in respectable Swiss,American banks.
Mon Apr 26 12:31:10 EDT 1999
PILLX: WALLY could you resolve this little problem,then your Euro's will beat150:Between$50b.and$250b.has beenillegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus,have become"money-laundering centers"for criminal Russian capital.Germany,where more than 600firms havebeen established since theSU's breakup,is one of the main centers for Russian criminal groupings,they actively "exploring" the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms.The weekly turnover of illegal Russian capital in the Rhine region alone is estimated at$100 m.to$150 m.Some of such firms are run by German citizens who do not even know what the actual function of these companies is.Normally,the criminal capital is first moved to offshore companies in Cyprus and then to Germany. Following a complicated"laundering"process,"clean"money is invested inlegal businesses.The capital legalized in Germany finally enters accounts in respectable Swiss,American banks.
Mon Apr 26 12:32:22 EDT 1999
¤ wally ¤: <No morality here, Wally> what makes you think that i was one of the smart ones who bought at lows? the reality is completely different. go back to my comments in may and jun98 and you will find the truth. furthermore i am convinced that prices would have gone up without the war in the balkans. i concede that the war could have added several points (how much exactly i don't know). my reasons FOR russia are that we (the west) cannot afford to have a disintegration and chaos in russia; compliments to the thousands of nuclear warheads and available technology which must not fall into the hands of rogue countries, fundamentalists or may be even terrorists. the price to be paid if such a scenario occurs would make freaking billions the imf is going to dole out look like pocket money.
Mon Apr 26 12:32:39 EDT 1999
PILLX: WALLY could you resolve this little problem,then your Euro's will beat150:Between$50b.and$250b.has beenillegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus,have become"money-laundering centers"for criminal Russian capital.Germany,where more than 600firms havebeen established since theSU's breakup,is one of the main centers for Russian criminal groupings,they actively "exploring"the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms.The weekly turnover of illegal Russian capital in the Rhine region alone is estimated at$100 m.to$150 m.Some of such firms are run by German citizens who donot even know what the actual function of these companies is.Normally,the criminal capital is first moved to offshore companies in Cyprus and then to Germany.Following acomplicated"laundering"process"clean"moneyis invested inlegal businesses.The capital legalized in Germany finally enters accounts in respectable Swiss,American banks.
Mon Apr 26 12:34:59 EDT 1999
PILLX: 222 The weekly turnover of illegal Russian capital in the Rhine region alone is estimated at$100 m.to$150 m.Some of such firms are run by German citizens who donot even know what the actual function of these companies is.Normally,the criminal capital is first moved to offshore companies in Cyprus and then to Germany.Following a complicated "laundering process" clean moneyis invested inlegal businesses.The capital legalized in Germany finally enters accounts in respectable Swiss,American banks.
Mon Apr 26 12:35:04 EDT 1999
PILLX: 111 WALLY could you resolve this little problem,then your Euro's will beat150:Between$50b.and$250b.has beenillegally transferred from Russia to Western banks over the past five years.Offshore zones,particularly in Cyprus,have become"money-laundering centers"for criminal Russian capital.Germany,where more than 600firms havebeen established since theSU's breakup,is one of the main centers for Russian criminal groupings,they actively "exploring"the Rhine region in western Germany,where Russian cartels alone own 50 realty and foreign- trade firms.
Mon Apr 26 12:41:10 EDT 1999
¤ wally ¤: <market is deluded and will loose money> investors might lose money if the russians do or cannot service their euros. if prices dip and they don't sell (or are not forced to sell) all they see is a book loss which is compensated by far over some years of course always with the caveat "if debt is honoured".
Mon Apr 26 12:49:08 EDT 1999
¤ wally ¤: pillx: i can't solve the problem of capital flight. i can confirm that russian capital is all over europe and asia. but the big boom of russians buying german real estate was several years ago. i had my own experience in 1994 when a lawyer contacted me and told me a russian is interested in my home (which he saw only from outside) and is willing to pay cash. i can confirm furthermore that cyprus real estate exploded when the russians moved in (after the lebanese moved out) and that cyprus is an offshore banking center.
Mon Apr 26 12:57:40 EDT 1999
¤ wally ¤: pillx: the complicated laundering process is nonsense. there are no capital controls in germany. you can take suitcases full with money in and out and nobody can question you except if there is the suspicion of drug dealing. the only newer regulation is, that you have to identify yourself when depositing or withdrawing amounts in excess of dem 20,000. if you travel to the states you have to declare any amount of money (or negotiable monetary instruments) exceeding usd 10,000. if you travel to germany and you have usd 10 million in your suitcase you don't have tell anybody.
Mon Apr 26 13:00:58 EDT 1999
anonymous: And that's why Germany is a free country!
Mon Apr 26 13:10:36 EDT 1999
anonymous: Inverse Bull on Russia.
Mon Apr 26 13:15:07 EDT 1999
Cheetah: prices in Russia are UP because: SOVIET DEBT not equal RUSSIA DEBT, OIL & Commodity prices UP (trade surplus), IMF support... NEXT leg UP because: SHORTS will have to cover, IMF funds will be disbursed, RESERVES WILL stablize and start edging up...
Mon Apr 26 13:57:30 EDT 1999
anonymous: rf 28' bid/ask please.Tnxx.Is it rising in NEW YORK?
Mon Apr 26 13:57:35 EDT 1999
PILLX: The monetary officials are expected to discuss the current account imbalances of the U.S. and Japan, as well as the chronic weakness of the Japanese economy. And they will get a briefing from Russian officials on their efforts to grapple with that country's huge economic woes, described by the IMF's Camdessus as the biggest problem facing the world economy.
Mon Apr 26 14:02:26 EDT 1999
PILLX: Sovereign bond issuance has grown exponentially in recent years and is the favored means of raising capital for many developing country governments. But because of the unlikely chance of achieving unanimity among diversely spread bondholders, it's far more difficult to reschedule such instruments than it is to alter the terms to more traditional bank loans. This situation contributes to moral hazard, it is argued, because it means bondholders have de facto seniority over sovereign debt, creating the impression that repayment will always occur in full. And in the most extreme cases, it is said to raise the likelihood of an extremely disruptive default even though an orderly rescheduling of bond debt would be the more favorable option to all parties.
Mon Apr 26 14:11:58 EDT 1999
PILLX: The IMF to back the wider use of U.K.-style bonds. These allow a "qualified majority" to initiate a rescheduling without unanimous support from the entire register of bondholders. They also impose "sharing clauses" on bondholders, which require the equitable disbursement among other creditors of any damages awarded through litigation and thus help deter individual court action.The private sector's response is guarded,"We are always in favor of an orderly rescheduling over a forced default,"a "qualified majority" of about 95% of bondholders "might" help to deal with "rogue creditors."But the idea of applying a simple 51% majority provision,an option reportedly supported by many officials,met with stern opposition."That's never going to be a recipe for an orderly rescheduling if the need arises."Private creditors are caught between weighing the shared interest in avoiding disruptive debt crises with a dilution in their individual rights.And on these grounds, bankers in Washington are stressing "voluntary" arrangements over the "compulsory" global changes that they fear officials are going to force through at the IMF meetings this week. "If this is done in the market, fine.We oppose imposition by the official sector.
Mon Apr 26 14:14:17 EDT 1999
PILLX: The IMF to back the wider use ofU.K.-style bonds.These allow a "qualified majority"to initiate arescheduling without unanimous support fromthe entire register of bondholders.They also impose "sharing clauses" on bondholders, which require the equitable disbursement among othercreditors ofany damages awarded through litigation and thus help deter individual court action.The private sector's response is guarded,"We are always in favor of an orderly rescheduling over a forced default,"a qualified majority" of about 95% of bondholders "might" help to deal with rogue creditors."But the idea of applying a simple 51% majority provision,an option reportedly supported by many officials,met with stern opposition."That's never going to be a recipe for an orderly rescheduling if the need arises."Private creditors are caughtbetween weighing theshared interest inavoiding disruptive debt crises with a dilution in their individual rights.And on these grounds,bankers in Washington are stressing"voluntary" arrangements over the "compulsory"global changes that they fear officials are going to force through at the IMF meetings this week."If this is done in the market,fine.We oppose imposition by the official sector.
Mon Apr 26 14:16:27 EDT 1999
PILLX: The IMF to back the wider use ofU.K.-style bonds.These allow a "qualified majority"to initiate arescheduling without unanimous support fromthe entire register of bondholders.They also impose "sharing clauses" on bondholders, which require the equitable disbursement among othercreditors ofany damages awarded through litigation andthushelp deter individual courtaction.The private sector's response isguarded"We are always in favor ofan orderly rescheduling overa forced default,"a qualifiedmajority"of about 95% of bondholders "might" help to deal with rogue creditors. "Butthe ideaof applying a simple51%majority provision,an option reportedly supported bymany officials,metwith stern opposition. "That's never going to be a recipe for an orderly rescheduling ifthe need arises."Private creditors are caughtbetween weighing theshared interest inavoiding disruptive debt crises with a dilution intheir individual rights.And onthese grounds, bankers in Washington are stressing"voluntary" arrangements over the "compulsory"global changes that they fear officials are going to force through at the IMF meetings this week."If this is done in the market,fine.We oppose imposition by the official sector.
Mon Apr 26 14:18:02 EDT 1999
PILLX: 2222222222 "Butthe ideaof applying a simple51%majority provision,an option reportedly supported bymany officials,metwith stern opposition. "That's never going to be a recipe for an orderly rescheduling ifthe need arises."Private creditors are caughtbetween weighing theshared interest inavoiding disruptive debt crises with a dilution intheir individual rights.And onthese grounds, bankers in Washington are stressing"voluntary" arrangements over the "compulsory"global changes that they fear officials are going to force through at the IMF meetings this week."If this is done in the market,fine.We oppose imposition by the official sector.
Mon Apr 26 14:18:12 EDT 1999
PILLX: 11111111 TheIMFto back the wider use ofU.K.-style bonds.These allow a "qualified majority"to initiate arescheduling without unanimous support fromthe entire register of bondholders.They also impose "sharing clauses" on bondholders, which require the equitable disbursement among othercreditors ofany damages awarded through litigation andthushelp deter individual courtaction.The private sector's response isguarded"We are always in favor ofan orderly rescheduling overa forced default,"a qualifiedmajority"of about 95% of bondholders "might" help to deal with rogue creditors.
Mon Apr 26 14:22:14 EDT 1999
anonymous: rf 28' bid ask please?IS bid above 45?
Mon Apr 26 14:24:43 EDT 1999
PILLX: yes
Mon Apr 26 14:24:52 EDT 1999
PILLX: yes
Mon Apr 26 14:25:35 EDT 1999
PILLX: $$$$$$$$$$$$$ yes $$$$$$$$$$$$$
Mon Apr 26 14:30:14 EDT 1999
PILLX: The clauses to prevent a minority of so-called "dissident creditors" from derailing the efforts of a "qualified majority" of bondholders to reschedule terms,currently, most emerging market Eurobonds are issued within a U.S.legal framework, which requires 100% agreement among bondholders before a rescheduling can take place - a nearly impossible task.
Mon Apr 26 14:38:01 EDT 1999
anonymous: If you owe your banker $5,000 and can't pay - you have a problem. If you owe the IMF billions and can't pay then the IMF have a prblem
Mon Apr 26 14:49:23 EDT 1999
anonymous: So do the eurobond holders.
Mon Apr 26 14:52:13 EDT 1999
anonymous: 42 3/8 offer on the '28's.... ouch!!!!!!!!
Mon Apr 26 15:58:58 EDT 1999
anonymous: 42 3/8 offer on the '28's.... GETTING INTERESTING AGAIN
Mon Apr 26 16:05:08 EDT 1999
anonymous: Invert the price and it will be interesting.
Mon Apr 26 16:08:24 EDT 1999
anonymous: Cheetah is right.rgds.Fred
Mon Apr 26 16:27:09 EDT 1999
anonymous: 44.5 offer on the screen, no bid
Mon Apr 26 16:31:51 EDT 1999
anonymous: offer at 44.5 no bids on screen
Mon Apr 26 16:34:04 EDT 1999
anonymous: 42 3/8 offer on the '28's.... ouch!!!!!!!! I BOUGHT THIS BOND AT 16,WHY ARE YOU SO OUCHING??????rgds.Fred
Mon Apr 26 16:42:32 EDT 1999
anonymous: OK "short" friends, it's time to concede victory to the CCCC, sorry, Russia still exists, Brazil "slightly" above the 30 handle, Spanky where are you ?????, still pushing gold ????
Mon Apr 26 16:43:06 EDT 1999
¤ wally ¤: fred: let the ouchers ouch. we never had a rally in an individual country as we had in just now russia without some profit taking.
Mon Apr 26 16:50:59 EDT 1999
anonymous: Right,WE WON,that counts.rgds.Fred
Mon Apr 26 16:53:00 EDT 1999
anonymous: Fred: You sound like the French in WWII. Hey, but they held the Maggie Line for 5 days! So, I guess they had 5 days of victory.
Mon Apr 26 16:57:00 EDT 1999
anonymous: and you sound like some ANALyst that advised customers to switch to cash in 1997 because the "irrational exhuberance" of the US market...
Mon Apr 26 16:59:14 EDT 1999
anonymous: 04-26-99 Anonymous: Fred: You sound like the French in WWII. Hey, but they held the Maggie Line for 5 days! So, I guess they had 5 days of victory. HEY ANONYMOUS,WHY ARE YOU SO NERVOUS??? STILL 4 TRADING DAYS TO COVER!!IF YOU WORRIED ABOUT YOUR OWN PROBLEM YOU ALREADY HAD ENOUGH WORK
Mon Apr 26 17:02:18 EDT 1999
anonymous: <<04-26-99 Anonymous: Fred: You sound like the French in WWII. Hey, but they held the Maggie Line for 5 days! So, I guess they had 5 days of victory.>> well,I guess you went short RF at $28/$29.Ouches you too much,Mr.Maggie Liner!!!!
Mon Apr 26 17:08:18 EDT 1999
¤ wally ¤: gentlemen: using my word creation ANAL-lyst (look at the spelling) is an infringement on my property rights. any use of this word invokes the payment of royalties (to me).
Mon Apr 26 17:17:38 EDT 1999
anonymous: Sorry, went long there and sold here. Inverse Bull.
Mon Apr 26 17:20:13 EDT 1999
anonymous: 04-26-99 Anonymous: and you sound like some ANALyst that advised customers to switch to cash in 1997 because the "irrational exhuberance" of the US market... << Prob. not a bad trade in 2 years time...
Mon Apr 26 17:25:01 EDT 1999
anonymous: ...or 3 or 4 or 100 years from now, the only problem is that if you are bearish AND you want to profit, you need to go short and put your money where your keyboard (mouth) is, did you do that in 1997 also ????, because if you did....OUCH
Mon Apr 26 17:25:58 EDT 1999
anonymous: Wally, ONE QUESTION: ARE THE GLOBAL FINANCIAL MARKETS, MAINLY THE U.S. STOCK MKT, IN A BUBBLE RIGHT NOW?
Mon Apr 26 17:26:45 EDT 1999
anonymous: same guy,same time,looks like Ralfie is busy again
Mon Apr 26 17:26:49 EDT 1999
anonymous: russian delegation in washington. vodka, caviar and lotsa lewinskys.
Mon Apr 26 17:30:01 EDT 1999
anonymous: 04-26-99 Anonymous: ...or 3 or 4 or 100 years from now, the only problem is that if you are bearish AND you want to profit, you need to go short and put your money where your keyboard (mouth) is, did you do that in 1997 also ????, because if you did....OUCH <<< YES, WENT SHORT EMERGING MARKETS. SOLD TO PEOPLE LIKE YOU. JUST WAITING FOR PEOPLE LIKE YOU TO SELL TO IN THE U.S. THE DOW WILL BE AT 5,000 IN 12 MONTHS.
Mon Apr 26 17:31:32 EDT 1999
¤ wally ¤: <BUBBLE> i don't know. it looked like a bubble to me when the dow was 5,000 now we see nearly 11,000. i have no opinion on that.
Mon Apr 26 17:34:50 EDT 1999
anonymous: JUST THINK, GIRLS.. IF THE S&P 500 FALLS 50%, IT WILL STILL BE TRADING @ 18x, WHICH 20% ABOVE AVERAGE VALUATION LEVELS. IF THE NASDAQ FALLS 50%, IT WILL STILL BE TRADING AT 60x, AND THAT IS WHERE THE NIKKEI WAS VALUED WHEN IT PEAKED IN 1989. HAVEN'T SEEN A MARKET THIS WELL BID SINCE EMERGING MARKET BONDS IN OCT 97. WALLY, ARE YOU LISTENING????
Mon Apr 26 17:35:06 EDT 1999
anonymous: canceled my cable today. no need for TV when you have color of the market. queen of shebah
Mon Apr 26 17:37:00 EDT 1999
anonymous: Hey RalfieSpanky,welcome back
Mon Apr 26 17:38:23 EDT 1999
anonymous: WALLY, YOU WILL STILL BE RIGHT ON THE 5K BUBBLE.. TULIP BULBS WERE OVERVAULED AT $10 K per BULB, BUT TRADED AS HIGH AS $50 K PER BULB. JUST THINK OF THE "CCC" CLUB THAT BOUGHT UP THERE FOR THE "LONG TERM." GUESS IT WILL TAKE AN INFLATION SCARE IN THE U.S. TO SET THIS ON OFF.
Mon Apr 26 17:39:48 EDT 1999
anonymous: DOW 1500,GOLD 4000/oz = ORIGINALTON KÖNIGSWINTER
Mon Apr 26 17:40:06 EDT 1999
¤ wally ¤: oh yes, i am listening and i believe that we (emg bonds) have developed a certain bond/attachment (whatshamacallit) to the dow, away from the long bond yield to the dow numbers. AND i still remember 89 when the nikkei was 39,000 and some of my friends held call options.
Mon Apr 26 17:40:47 EDT 1999
anonymous: Nice to be back, Girls. We are nice and high and fat and ripe and bullish and overextended and deluded. Don't think I put on a big short here, just kinda play with you, like a cat plays with a mouse, before it POUNCES!!!!!!!!!!!!!!
Mon Apr 26 17:45:37 EDT 1999
anonymous: Hi Pouncer,interesting,first C-Bond handle 30,now pouncing RusFed Bonds,BIG HERO!! In reality jabbering day and night on BradyNet because Fuchsbriefe Forum is almost dead!Going short?? Not possible,no credit,Sparkasse doesn't play with you anymore
Mon Apr 26 17:49:56 EDT 1999
anonymous: You know, Girls.. The FED made a big mistake in squeezing the shorts to death last fall. There is no short bid to hold the markets up anymore. And when this thing cracks, it will be the ugliest bubble ever to burst. Party 'till we burst!
Mon Apr 26 17:51:02 EDT 1999
¤ wally ¤: i don't understand the tulip bulbs. explain. but i believe in the ccc_club.
Mon Apr 26 17:53:03 EDT 1999
anonymous: I would call that NEIDHAMMEL,no money,always broke and jealous. And check these out:HM 4:00PM 8 7/16 -7/16 -4.93% NEM 4:02PM 20 3/16 -1 1/8 -5.28% Gold minings down big today
Mon Apr 26 17:55:18 EDT 1999
anonymous: WALLY: http://www.itulip.com/knowyourmania.html "Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper. To trace the history of the most prominent of these delusions is the object of the present pages. Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one." - Charles MacKay, 1841 • You've heard of the speculative tulip bulb craze that gripped seventeenth-century Holland. At the peak of the mania, a single tulip bulb sold for the equivalent of $10,000 - $150,000, depending on which historian you believe. This was only one of many speculative financial bubbles that have occurred over the centuries, such as the eighteenth-century South Sea Bubble in England and the 1920s stock market mania in the United States.
Mon Apr 26 17:55:46 EDT 1999
anonymous: Party till we burst? You did already 3 months ago,SpankyRalfieChrisChampUriVSamanthaetcetc
Mon Apr 26 17:55:59 EDT 1999
¤ wally ¤: where is our goldbug today? orbiting around the financial center of the universe?
Mon Apr 26 17:56:07 EDT 1999
anonymous: WALLY: http://www.itulip.com/knowyourmania.html • You've heard of the speculative tulip bulb craze that gripped seventeenth-century Holland. At the peak of the mania, a single tulip bulb sold for the equivalent of $10,000 - $150,000, depending on which historian you believe. This was only one of many speculative financial bubbles that have occurred over the centuries, such as the eighteenth-century South Sea Bubble in England and the 1920s stock market mania in the United States.
Mon Apr 26 17:57:16 EDT 1999
anonymous: what about these tulip bulbs???? queen of shebah.
Mon Apr 26 17:58:27 EDT 1999
anonymous: "Sober nations have all at once become desperate gamblers, and risked almost their existence upon the turn of a piece of paper. To trace the history of the most prominent of these delusions is the object of the present pages. Men, it has been well said, think in herds; it will be seen that they go mad in herds, while they only recover their senses slowly, and one by one." - Charles MacKay, 1841 •
Mon Apr 26 17:59:14 EDT 1999
¤ wally ¤: never heard of it. must have missed school that day but will check. thanks for the info.
Mon Apr 26 17:59:38 EDT 1999
anonymous: Ralfie will recommend Tulip bulbs in the next fuchsbriefe news at www.fuchsbriefe.de,jabbering without end!85%nonsense
Mon Apr 26 18:03:08 EDT 1999
¤ wally ¤: tulip.com. seems to be a very interesting site. one does not have to believe everything but looks really interesting. just bookmarked it.
Mon Apr 26 18:06:06 EDT 1999
¤ wally ¤: <Sober nations have all at once become desperate gamblers> fully agree. look at NATO!
Mon Apr 26 18:06:07 EDT 1999
anonymous: http://www.litrix.com/madraven/madne004.htm In 1634, the rage among the Dutch to possess them was so great that the ordinary industry of the country was neglected, and the population, even to its lowest dregs, embarked in the tulip trade. As the mania increased, prices augmented, until, in the year 1635, many persons were known to invest a fortune of 100,000 florins in the purchase of forty roots.
Mon Apr 26 18:06:23 EDT 1999
anonymous: Hi Spanky, how could you abandon us for such a long time? Welcome back! Thought you were selling apples on Wall Street after your big short on shebonds. BB
Mon Apr 26 18:07:51 EDT 1999
anonymous: Giving too little and asking too much,this is always the way of the Dutch
Mon Apr 26 18:08:04 EDT 1999
anonymous: Wally: I watch with amusement the dialogue on this site. I must say, Wally, you seem the most reasonable fellow around. Willing to listen to both sides of an argument.
Mon Apr 26 18:09:58 EDT 1999
anonymous: There are two big losers on the financial sites of the Internet,one is Edwin Allseitz losing all his money shorting BGL and the other one is our RalfieSpanky
Mon Apr 26 18:11:19 EDT 1999
anonymous: The tulip-jobbers speculated in the rise and fall of the tulip stocks, and made large profits by buying when prices fell, and selling out when they rose. Many individuals grew suddenly rich. A golden bait hung temptingly out before the people, and, one after the other, they rushed to the tulip marts, like flies around a honeypot. Every one imagined that the passion for tulips would last for ever, and that the wealthy from every part of the world would send to Holland, and pay whatever prices were asked for them.
Mon Apr 26 18:11:43 EDT 1999
¤ wally ¤: <many persons / fortune of 100,000 florins> does not seem very realistic to me. that sum was so huge in the 17th century that only a handful of individuals could have afforded it.
Mon Apr 26 18:13:20 EDT 1999
anonymous: Kind of like a 1,000 shares of Amazon.com..
Mon Apr 26 18:14:58 EDT 1999
anonymous: But, Wally, I am sure they had leverage back them. Futures and margin accounts. Credit cards to buy on. You know, like we are doing today and were doing in GKO's -- 5% down, and 95% at LIBOR + 50 bps.
Mon Apr 26 18:15:11 EDT 1999
¤ wally ¤: <reasonable fellow> could you please e.mail this statement to my beloved wife, please. she has some doubts (sometimes).
Mon Apr 26 18:18:41 EDT 1999
anonymous: The Russia Euro rally has ended, now comes colapse time again - shorts have been covered === get ready for 20 handle. Nostradamus
Mon Apr 26 18:19:08 EDT 1999
¤ wally ¤: <futures> that is no joke. future contracts on spices for example were known as far back as the 14th century. i am not so sure whether amex, visa and master existed. and there was most probably an AMSbor but plus 10% (month).
Mon Apr 26 18:22:34 EDT 1999
¤ wally ¤: nostradamus: ever heard of this fellows masljukov and zadornov? as long as they are in D.C. negotating (or whatever they are doing) nothing much will happen. crucial point comes up when they fly back.
Mon Apr 26 18:25:51 EDT 1999
anonymous: Chico and da Man! You are hurtin' me.
Mon Apr 26 18:27:23 EDT 1999
anonymous: imagine what hillary would of made on tulip futures...
Mon Apr 26 18:27:35 EDT 1999
anonymous: C Bonds down at 68 on Chico news! OUCH!!!!
Mon Apr 26 18:29:55 EDT 1999
anonymous: mmooodys cuts ahmsa debt... of course AFTER they defaulted
Mon Apr 26 18:31:01 EDT 1999
anonymous: 358,830,490,033 % yield. guess which bond? first 10 callers get a free gift. queen of shebah.
Mon Apr 26 18:31:52 EDT 1999
anonymous: Be real - the Chico news is BULLISH... put him in jail, alittle anti-corruption trial is always good "circo"... Xica da Silva
Mon Apr 26 18:31:55 EDT 1999
anonymous: http://www.thestreet.com/int/latin/738934.html Argentine Economic Woes Raise New Doubts About Currency Peg
Mon Apr 26 18:33:27 EDT 1999
anonymous: queen of sheebah, give me a good lewinsky, to further my enjoyment of the IMF rejecting aid to russia. Nostradamus
Mon Apr 26 18:34:00 EDT 1999
anonymous: 4-26-99 Anonymous: Be real - the Chico news is BULLISH<< TELL THAT TO MR. MARKET!!
Mon Apr 26 18:34:23 EDT 1999
¤ wally ¤: queen: let me guess. nigeria p-note (converted into naira)? or.. let's see.. venezuela? oil price tumbled to 20 cents/barrel; or.. there was some other bond. can't remember. give us a hint.
Mon Apr 26 18:36:12 EDT 1999
anonymous: Who the f is CHICO.
Mon Apr 26 18:38:51 EDT 1999
Cheetah: Today "Mr. Market" is selling ON the news (probably SHORT), these new shorts will suffer tomorrow when the REAL "Mr. MArket" and not the trigger happy take a hold of the situation. I agree with Anonymous.
Mon Apr 26 18:40:30 EDT 1999
anonymous: HEY CHECK THIS OUT. thestreet.com USING THE FRENCH MAGGIE LINE ANALOGY. THEY MUST BE READING BradyNet: "Argentina is not going to blow up tomorrow -- it has a Maginot Line of defenses to guard against a run on its currency. But in about a year -- if the elections do not produce reform -- Argentine assets "will be become a screaming short," comments Walter Molano, Latin economist at BCP Securities."
Mon Apr 26 18:42:04 EDT 1999
anonymous: Cheetah: I agee the real MR. MARK IT DOWN!!!!!!!!!!!!
Mon Apr 26 18:43:21 EDT 1999
anonymous: Wally: way 2 many bulls. my bullishness is getting more inverted!
Mon Apr 26 18:44:06 EDT 1999
Cheetah: C bonds back at 69 tomorrow am.
Mon Apr 26 18:45:37 EDT 1999
anonymous: Cheat, R u a 1 trick pony? Can't sell, cheat?
Mon Apr 26 18:45:56 EDT 1999
anonymous: The rally has ENDED, BEWARE OF MASSIVE SELLOFF. Nostradamus
Mon Apr 26 19:27:32 EDT 1999
anonymous: <<JUST WAITING FOR PEOPLE LIKE YOU TO SELL TO IN THE U.S. THE DOW WILL BE AT 5,000 IN 12 MONTHS.>> Spanky boy, are you smoking dope again with Nostradamus or are you boys playing with each other ??? maybe you'll like to sell calls on the DOW at 5000 for Apr'2000 or are you just a gas bag ???
Mon Apr 26 19:33:34 EDT 1999
PILLX: The U.S. Treasury Department said Monday that Mikhail Zadornov, Russia's finance minister, and Viktor Geraschenko, chairman of the central bank, will be joining the G7 gathering. Finance ministers and central bankers met briefly for a photo opportunity shortly after lunch, engaging in some lighthearted banter with attending reporters. Robert Rubin, U.S. Treasury Secretary, said delegates are having a "very thoughtful meeting." Asked if the officials had any reason to warn the world's financial markets of important policy changes, Rubin responded that the "markets should do what the markets want to do." Briefings on the outcome of the G7 gathering will be conducted later Monday by the G7 delegations.
Mon Apr 26 19:59:51 EDT 1999
anonymous: Spanky boy, are you smoking dope again with Nostradamus or are you boys playing with each other ??? maybe you'll like to sell calls on the DOW at 5000 for Apr'2000 or are you just a gas bag ?<<< You might sell calls, but I will buy puts for next to nothing. Nice trading strategy.
Mon Apr 26 20:04:01 EDT 1999
anonymous: you should know nostradamus. you wrote it yourself (pp 431-432) that nobody ever has given you a good lewinsky. do you want to break away from your own prophecies? queen of shebah.
Mon Apr 26 20:08:15 EDT 1999
anonymous: even if you wanted queenie you'd need a good microscope to find the pecker of nostradamus.
Mon Apr 26 20:15:12 EDT 1999
anonymous: "We hope the agreement will be concluded in the near future. But it is still not clear when the board meeting will take place," he was quoted as saying by the Interfax news agency. The board is to decide on resuming financial aid to Russia. "The board is to meet in early June at the earliest," Mozhin said. He said there was a list of steps Russia was to take before the aid was disbursed. "It will depend on how quickly Russia can fulfill them. But some of the steps require parliamentary approval, and it is not clear whether they can be accomplished swiftly," he added. <<< WALLY, PREPARE FOR A SHARP DROP IN RUSSIA'S RESERVES, WHICH I THINK SENDS EUROBONDS INTO THE TOILET. THE TIMING OF DISBURSEMENT WILL BE LINKED TO RUSSIA TAKING SOME PRELIMINARY ACTION AND THEY HAVE ABOUT $3 BN IN PAYMENTS THIS QUARTER. THAT WILL TAKE USUABLE RESERVES DOWN TO ABOUT $3 BN. THIS IS CUTTING IT PRETTY CLOSE. SELL ON THE ANNOUNCEMENT OF DEAL, THAT IS, IF YOU HAVE A CHANCE.
Mon Apr 26 20:16:50 EDT 1999
anonymous: "We hope the agreement will be concluded in the near future. But it is still not clear when the board meeting will take place," he was quoted as saying by the Interfax news agency. The board is to decide on resuming financial aid to Russia. "The board is to meet in early June at the earliest," Mozhin said. He said there was a list of steps Russia was to take before the aid was disbursed. "It will depend on how quickly Russia can fulfill them. But some of the steps require parliamentary approval, and it is not clear whether they can be accomplished swiftly," he added. <<< WALLY, PREPARE FOR A SHARP DROP IN RUSSIA'S RESERVES, WHICH I THINK SENDS EUROBONDS INTO THE TOILET. THE TIMING OF DISBURSEMENT WILL BE LINKED TO RUSSIA TAKING SOME PRELIMINARY ACTION AND THEY HAVE ABOUT $3 BN IN PAYMENTS THIS QUARTER. THAT WILL TAKE USUABLE RESERVES DOWN TO ABOUT $3 BN. THIS IS CUTTING IT PRETTY CLOSE. SELL ON THE ANNOUNCEMENT OF DEAL, THAT IS, IF YOU HAVE A CHANCE.
Mon Apr 26 20:21:05 EDT 1999
¤ wally ¤: <ABOUT $3 BN IN PAYMENTS THIS QUARTER> not on euros my learned friend. panic selling is for beginners, patience and cool blood come with experience (whether good or bad).
Mon Apr 26 20:23:19 EDT 1999
¤ wally ¤: <RUSSIA'S RESERVES> do you really believe the official BS (amount of russia's reserves)? i have serious doubts about these figures.
Mon Apr 26 20:26:12 EDT 1999
¤ wally ¤: <PRELIMINARY ACTION> they (the political slush fund) mean kosovo and nothing else. my opinion, but i might be wrong. was wrong many times in my life.
Mon Apr 26 20:29:04 EDT 1999
anonymous: What does it matter? Here is the breakdown for 2Q payments: Euros: .4 b; IMf: 1.2 b; WB: .1 b; post-Soviet PC: .5 b. 2.2 b in payments that have to be made and only 6 b of working reserves will put reserves x gold down to 3.8 by the end of June. And if Russia does the prelim stuff a chance to rebuild a little. This assumes of course cap flight remains high and the Ruble is not defended. Are we going to make it, Wally?
Mon Apr 26 20:29:36 EDT 1999
anonymous: confused. buy, sell or lewinsky? you guys don't know nothing and wally is playing the diplomat! queen of shebah.
Mon Apr 26 20:30:43 EDT 1999
anonymous: Wally, you are the only person on this site that has ever admitted he/she was wrong! 3 cheers to you, wally!
Mon Apr 26 20:31:43 EDT 1999
¤ wally ¤: queen: as per your insinuation would you please adress me in future as "YOUR EXCELLENCY".
Mon Apr 26 20:32:54 EDT 1999
anonymous: 04-26-99 ¤ wally ¤: (152.163.205.64) <RUSSIA'S RESERVES> Wally, I really believe they are hiding reserves in the space station. Beam me up, Scotty, I need my Eurobond payment!!!!
Mon Apr 26 20:33:57 EDT 1999
anonymous: Sir Wally Churchill!
Mon Apr 26 20:34:31 EDT 1999
¤ wally ¤: <Are we going to make it> of course we make it. right now i make a break.

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