1. global credit crunch 2. rise of dollar v. ruble 3. abs collapsing as folks discover that you can take some Bs bunch them together and get AAA Eurobonds.
Ironically, my team listed the first asset (rmbs) backed security in the CIS. I truly, genuinely and deeply hate mid to late August in Russia, it's like all of the bad financial news happens in the same 4 weeks every year. My personal bet is that it won't be as bad in Russia as in the developed economies, as in Russia you have reasonably low LTV and interest rates while usurious by Western standards are at least, thank god, fixed not adjustable. Opinions? _______________________________________________ Expat mailing list [email protected] http://www.lists.ru/mailman/listinfo/expat http://www.expat.ru/forum/
