World stock markets were soaring higher Monday on news of international cooperation to promote liquidity (cooperation from which, as we report below, Russia was totally excluded) — but not Russia’s. Markets were up over 5% in Britain, Germany Australia and France (Hong Kong was up 10% and the U.S. was up 11%, the biggest one-day gain in Dow Jones history) but Russia’s MICEX ruble index was down nearly 5% and the RTS dollar index was down over 6% (its consumer/retail index down 8% while oil/gas was down 6%), and their losses had been artificially mitigated because they had been held closed until 10:30 am in a further continuation of last week’s panicked repeated shutdowns which made Russia look like “just another bumbling backwater” and exposed Russian dictator Vladimir Putin for what he is — just another tinpot, unqualified strongman, no different than Robert Mugabe. The U.S. market was not shut down when it took a massive hit last week, nor was it shut down when it soared to open this week. That’s because the U.S. market has something Russia’s lacks: honesty, diversity and fundmentals.
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- September 30, 2011 — Contents
- EDITORIAL: We Told you So
- EDITORIAL: Estonia Whips Russian Butt
- EDITORIAL: The Russian Economy is Collapsing
- Viking Russia, Land of Barbarians
- Andrei Zubov, Russophobe
- Kara-Murza on Putin’s Return
- CARTOON: Yelkin on Putin’s Return
- SPECIAL EXTRA EDITORIAL: Putin, President for Life
- September 23, 2011 — Contents
- EDITORIAL: Prokhorov in the Woodshed
- EDITORIAL: Drunken Russian Killers
- EDITORIAL: Does Britain still Remember Chamberlain?
Putin and Gazprom… on The Nemtsov White Paper, Part… Mbulelo Ramokoka on Peter LaVelle: Scum-sucking tr… georgefernandis on La Russophobe’s New Blog… Mortonweino on EDITORIAL: LR in Russian… VincentKab on EDITORIAL: LR in Russian…
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