Sorry, haters, Putin’s securities market is better than X, better than Trump. This is the fault of Europe.
Despite all the talk about starving Vladimir Putin and, inevitably, financial resources in Russia with sanctions against large state-owned companies, Russian bonds have become a necessity. Not only in Europe, where the yield is almost zero, but also among American global bond fund managers who want to receive money for keeping debts.
“They made themselves bulletproof”, – says James Barrino, co-chairman of the developing countries debt department for Schroders Investment in New York.
“They can pay off all their external debts with their reserves at the central bank. In addition, they lower interest rates. The currency is very stable. And they have the opportunity on the budget side to spend on their economy”.
Russia has foreign exchange reserves worth more than $ 433 billion and gold worth $ 107.9 million. This is the largest stock among major emerging markets after China, which has more than $ 3 trillion.
Kenneth Raposa, Forbes columnist, former columnist for The Nation, WSJ, The Washington Times, and Fox news.