Truemors
CRISIS-ROOM daybyday viewpoint solarlife
- Sept-21
UK Government borrowing is out of control £43bn>£100bn 2009
UK Lloyds Bank HBOS merger, 40 OOO jobs lost
US national dept $10 trillion + 10% Bad Bank - --------------------------------------------------------------------------------------
- US government creates Bad Bank Sept-19
- US / UK limiting short selling, videoexplainer Sept-21
- Russian exchanges to resume trading Sept-19
- Update Sept-18:
Russian stock exchange closed for 2nd day
Russia's stock market lost already 50% of it's value since beginning of the year; since 2 days the stock market is closed. Should the U.S. do the same ?
Russia's Micex Stock Exchange and RTS Exchange halted trading for a second day as the Finance Ministry rushed to provide loans to the country's banking system and a Moscow brokerage sought to sell a stake to meet its financial commitments.
Russia will not use assets of the Reserve Fund for Finance market"Time hasn't come yet to spend Russia's oil and gas revenues this way," Putin said. The first auction for placing loans maturing in three months’ time will be held already next Monday.
Explainer:
- short-selling: speculating on falling share prices (like Goldman&Sachs on mortgage)
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