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Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings

 
Uncle Fuck Stick
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01/07/2015 02:19 AM

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Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
[link to www.telegraph.co.uk]

BNP Paribas says Russia no longer has enough reserves to cover external debt and enters this crisis 'twice as levered' as it was before the Lehman crash

Russia’s foreign reserves have dropped to the lowest level since the Lehman crisis and are vanishing at an unsustainable rate as the country struggles to defends the rouble against capital flight.

Central bank data show that a blitz of currency intervention depleted reserves by $26bn in the two weeks to December 26, the fastest pace of erosion since the crisis in Ukraine erupted early last year.

Credit defaults swaps (CDS) measuring bankruptcy risk for Russia spiked violently on Tuesday, surging by 100 basis points to 630, before falling back slightly.

Markit says this implies a 32pc expectation of a sovereign default over the next five years, the highest since Western sanctions and crumbling oil prices combined to cripple the Russian economy.

More in link
:4hlick:
Anonymous Coward
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01/07/2015 03:15 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be fine, selling and buying in their own currency worldwide. Better watch the U.S.dollar.
Anonymous Coward
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01/07/2015 03:23 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
[link to www.telegraph.co.uk]

BNP Paribas says Russia no longer has enough reserves to cover external debt and enters this crisis 'twice as levered' as it was before the Lehman crash

Russia’s foreign reserves have dropped to the lowest level since the Lehman crisis and are vanishing at an unsustainable rate as the country struggles to defends the rouble against capital flight.

Central bank data show that a blitz of currency intervention depleted reserves by $26bn in the two weeks to December 26, the fastest pace of erosion since the crisis in Ukraine erupted early last year.

Credit defaults swaps (CDS) measuring bankruptcy risk for Russia spiked violently on Tuesday, surging by 100 basis points to 630, before falling back slightly.

Markit says this implies a 32pc expectation of a sovereign default over the next five years, the highest since Western sanctions and crumbling oil prices combined to cripple the Russian economy.

More in link
 Quoting: Uncle Fuck Stick


Russia is losing 2bn a day. For a brainless sheeple that's fine.
sheeplebah
Kanadski

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01/07/2015 03:28 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia has an ace up its sleeve. It's called Iran. They can cause trouble in the gulf and make oil prices skyrocket overnight on command.
Lucidity
Anonymous Coward
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01/07/2015 03:28 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be fine, selling and buying in their own currency worldwide. Better watch the U.S.dollar.
 Quoting: Anonymous Coward 64637089


rofl5

The ruble is crashing again:

1 USD = 63.5 RUB
[link to www.xe.com]
Anonymous Coward
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01/07/2015 03:29 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be fine, selling and buying in their own currency worldwide. Better watch the U.S.dollar.
 Quoting: Anonymous Coward 64637089


*scratches head* how does that work then? the rouble is dropping against the Euro/Stirling/RMB etc... just saying they can buy and sell in their own currency makes little to no difference as it does not make a German or Chinese Tractor any cheaper by saying that, it does not change the impact on exports/imports

[link to www.exchangerates.org.uk]
Anonymous Coward
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01/07/2015 03:34 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia has an ace up its sleeve. It's called Iran. They can cause trouble in the gulf and make oil prices skyrocket overnight on command.
 Quoting: Kanadski


And then explain why Iran turned to EU and offered to replace Russia in supplying the EU with gas, that does not seem the action of a Russian puppet.

Iran ready to supply Europe gas via Austria: Rouhani
[link to www.presstv.com]

And Iran can only close one side of the strait, it could argue that side is within it's waters, but the other half is not, unless you are suggesting Iran should invade another state and take control of their territorial waters?
Anonymous Coward
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01/07/2015 03:38 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia has an ace up its sleeve. It's called Iran. They can cause trouble in the gulf and make oil prices skyrocket overnight on command.
 Quoting: Kanadski


And then explain why Iran turned to EU and offered to replace Russia in supplying the EU with gas, that does not seem the action of a Russian puppet.

Iran ready to supply Europe gas via Austria: Rouhani
[link to www.presstv.com]

And Iran can only close one side of the strait, it could argue that side is within it's waters, but the other half is not, unless you are suggesting Iran should invade another state and take control of their territorial waters?
 Quoting: Anonymous Coward 66486356


Go back in history. Iran, when push came to shove, always went with the West in some form. It did so in WWII when it allied with Germany - and is having a coming out party once again. Altogether, we're looking at the disintegration of the Russian Federation, the Eurasian Union before it even gets going, AND the EU as nationalist movements explode this year all over. Of course, the USA is in the mix, too as it's internal contradictions and fractures tear it all down. A new world is being born - just not the one many imagined....
recollector

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01/07/2015 03:42 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia has an ace up its sleeve. It's called Iran. They can cause trouble in the gulf and make oil prices skyrocket overnight on command.
 Quoting: Kanadski


And be bombed to stone age the next night, invaded and ''rebuilded'' (have their oil stolen Irak-like)


Get real man.Iranians are not that dumb.

Last Edited by PureBloodRecollector on 01/07/2015 03:44 AM
Anonymous Coward
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01/07/2015 03:55 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia has an ace up its sleeve. It's called Iran. They can cause trouble in the gulf and make oil prices skyrocket overnight on command.
 Quoting: Kanadski


And then explain why Iran turned to EU and offered to replace Russia in supplying the EU with gas, that does not seem the action of a Russian puppet.

Iran ready to supply Europe gas via Austria: Rouhani
[link to www.presstv.com]

And Iran can only close one side of the strait, it could argue that side is within it's waters, but the other half is not, unless you are suggesting Iran should invade another state and take control of their territorial waters?
 Quoting: Anonymous Coward 66486356


Go back in history. Iran, when push came to shove, always went with the West in some form. It did so in WWII when it allied with Germany - and is having a coming out party once again. Altogether, we're looking at the disintegration of the Russian Federation, the Eurasian Union before it even gets going, AND the EU as nationalist movements explode this year all over. Of course, the USA is in the mix, too as it's internal contradictions and fractures tear it all down. A new world is being born - just not the one many imagined....
 Quoting: Anonymous Coward 66741048


Iran has always been a puppet of some major power, it sits at the crossroads of the world island and thus under the careful gaze of all who want to be king of the world...

For most of the last few hundred years that was bumping of heads over who was puppeteer was between Britain and Russia, but when Britain and Russia join hands Iran turns to some 3rd party, France/Germany/USA dependent on who is ascendant in that era.. generally though when it comes to outright conflict Iran falls back to Britain and Russia.. two of the last 2 world wars can testify to Anglo-Russian invasions of Iran.

But as you say, the world is changing, but how? I for one are not so confident to say who will end on what side.. Britain/Russia have more often than not started on opposite sides shaking fists at each other but then generally ended up on the same side..

I am not saying that will happen now, just examples that we can never be sure what games are actually in play, especially when it comes to Iran.
Anonymous Coward
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01/07/2015 03:59 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be fine, selling and buying in their own currency worldwide. Better watch the U.S.dollar.
 Quoting: Anonymous Coward 64637089


They already went to hell, and massive starvation foretasted,


Get out of the cave,
Anonymous Coward
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01/07/2015 04:01 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
SHIT


putin
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01/07/2015 04:05 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
[link to www.telegraph.co.uk]

BNP Paribas says Russia no longer has enough reserves to cover external debt and enters this crisis 'twice as levered' as it was before the Lehman crash

Russia’s foreign reserves have dropped to the lowest level since the Lehman crisis and are vanishing at an unsustainable rate as the country struggles to defends the rouble against capital flight.

Central bank data show that a blitz of currency intervention depleted reserves by $26bn in the two weeks to December 26, the fastest pace of erosion since the crisis in Ukraine erupted early last year.

Credit defaults swaps (CDS) measuring bankruptcy risk for Russia spiked violently on Tuesday, surging by 100 basis points to 630, before falling back slightly.

Markit says this implies a 32pc expectation of a sovereign default over the next five years, the highest since Western sanctions and crumbling oil prices combined to cripple the Russian economy.

More in link
 Quoting: Uncle Fuck Stick


Russia is losing 2bn a day. For a brainless sheeple that's fine.
sheeplebah
 Quoting: Anonymous Coward 66761882


2 bn a day, in U.S.dollars. Not the rubles. Get brain
Anonymous Coward
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01/07/2015 04:06 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Anonymous Coward
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01/07/2015 04:07 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be fine, selling and buying in their own currency worldwide. Better watch the U.S.dollar.
 Quoting: Anonymous Coward 64637089


They already went to hell, and massive starvation foretasted,


Get out of the cave,
 Quoting: Anonymous Coward 65956046


You Westerners are TOO STUPID to rule the world further. Good ridance
Anonymous Coward
User ID: 64637089
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01/07/2015 04:08 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be fine, selling and buying in their own currency worldwide. Better watch the U.S.dollar.
 Quoting: Anonymous Coward 64637089


rofl5

The ruble is crashing again:

1 USD = 63.5 RUB
[link to www.xe.com]
 Quoting: Anonymous Coward 66761882


Thanks for the link, do educate yourself further.
Anonymous Coward
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01/07/2015 04:09 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be fine, selling and buying in their own currency worldwide. Better watch the U.S.dollar.
 Quoting: Anonymous Coward 64637089


They already went to hell, and massive starvation foretasted,


Get out of the cave,
 Quoting: Anonymous Coward 65956046


You Westerners are TOO STUPID to rule the world further. Good ridance
 Quoting: Anonymous Coward 64637089


We aleady do and you live in a ex nazi shithole that never will.
Anonymous Coward
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01/07/2015 04:11 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be fine, selling and buying in their own currency worldwide. Better watch the U.S.dollar.
 Quoting: Anonymous Coward 64637089


They already went to hell, and massive starvation foretasted,


Get out of the cave,
 Quoting: Anonymous Coward 65956046


You Westerners are TOO STUPID to rule the world further. Good ridance
 Quoting: Anonymous Coward 64637089


We aleady do and you live in a ex nazi shithole that never will.
 Quoting: Anonymous Coward 65956046


You overslept, loser.
Anonymous Coward
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01/07/2015 04:21 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
I give you the hint: everything changes, for you, when the dollar loses the reserve status through the world. Happening
ButlerianJihadist

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01/07/2015 04:32 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Retarded article. Russia has only about 40 billion of state debt in dollars and 400 billion in central bank reserves.

Western propaganda is rapidly going down quality-wise.
Anonymous Coward
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01/07/2015 05:37 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Putin is a giant failure, people in Russia want his head on a platter. Russia is doomed to collapse, the question is what they will try to do to pull themselves out. They have no power in the world when it comes to pulling strings, but they have plenty of military power to push other countries around.
Anonymous Coward
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01/07/2015 05:44 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Retarded article. Russia has only about 40 billion of state debt in dollars and 400 billion in central bank reserves.

Western propaganda is rapidly going down quality-wise.
 Quoting: ButlerianJihadist


Even the quality of the threads are going down hill, sighting the telegraph is about as propaganda as Foxnews.
Anonymous Coward
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01/07/2015 05:53 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be begging for mercy. No way they can survive another colapse. We have already controll over their alies and economy.

Games up Putin lovers! Surrender now!

odance
Anonymous Coward
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01/07/2015 05:54 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be begging for mercy. No way they can survive another colapse. We have already controll over their alies and economy.

Games up Putin lovers! Surrender now!
 Quoting: Anonymous Coward 57846917


What do "we" win by destroying Russia?
Anonymous Coward
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01/07/2015 05:56 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be begging for mercy. No way they can survive another colapse. We have already controll over their alies and economy.

Games up Putin lovers! Surrender now!
 Quoting: Anonymous Coward 57846917


What do "we" win by destroying Russia?
 Quoting: Anonymous Coward 66596488


You win distraction from the global financial crisis which is baring down on us all :)
Anonymous Coward
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01/07/2015 06:02 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia will be begging for mercy. No way they can survive another colapse. We have already controll over their alies and economy.

Games up Putin lovers! Surrender now!
 Quoting: Anonymous Coward 57846917


What do "we" win by destroying Russia?
 Quoting: Anonymous Coward 66596488


Seriously? Cold war doesn't ring a bell? We have been playing cat and mouse for decades and we finally have the upper half. We win a lot by gaining more alies in eu.
Anonymous Coward
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01/07/2015 06:11 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
this is going to be a global perfect storm no country will be safe.


burnit
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01/07/2015 06:16 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia has an ace up its sleeve. It's called Iran. They can cause trouble in the gulf and make oil prices skyrocket overnight on command.
 Quoting: Kanadski


Then why haven't they?
Anonymous Coward
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01/07/2015 06:19 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia has an ace up its sleeve. It's called Iran. They can cause trouble in the gulf and make oil prices skyrocket overnight on command.
 Quoting: Kanadski


Then why haven't they?
 Quoting: Anonymous Coward 15827667


for starters they have 25,000 tons of Gold.
Anonymous Coward
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01/07/2015 06:20 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
Russia has an ace up its sleeve. It's called Iran. They can cause trouble in the gulf and make oil prices skyrocket overnight on command.
 Quoting: Kanadski


Then why haven't they?
 Quoting: Anonymous Coward 15827667


for starters they have 25,000 tons of Gold.
 Quoting: Anonymous Coward 15286624


So you are saying they'd make gold worthless? how would that help them?
Anonymous Coward
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01/07/2015 06:24 AM
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Re: Russia faces 'perfect storm' as reserves vanish and derivatives flash default warnings
It will be interesting to see if the EURO outlasts the Rouble (with Greece about to blow it up).

My money would be on the oil-backed, swift-independent, chinese-currency-swapped Rouble.





GLP