Russian equities have plummeted by a staggering 98% in recent days, even with the Moscow exchange closed…
This index includes some of the world's best-known banks and energy producers who have suddenly become "worthless" as post-invasion retaliatory sanctions on Russia squeezed liquidity and ostracized the nation from the world.
For one trader, Alexander Butmanov – founder of the “Allies” investment group and expert in stock market strategies – apparently the situation went a little too far as he appeared on live TV, commemorating his career. He said that being the case
". ..I will work as Santa Claus like I did 25 years ago … "
Then he opened a bottle not of vodka, but of soda water and toasted in perfect Russian style “ To the M0rte della Borsa, comrades”!
A snapshot of the Russian economy: an investment expert goes live on air and says his current career trajectory is to work as "Santa Claus" and then drinks to the death of the stock market. With subtitles. pic.twitter.com/XiPVTSUuks
– Peter Liakhov (@peterliakhov) March 3, 2022
The thing that most indicated the drama of the situation? The terrified eyes of the presenter.
I don't think words are enough to explain the situation in Russia. But they too are now tied to the realization of a "Plan A" with little sense.
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/alla-morte-della-borsa-compagni-lesperto-russo-brinda-in-tv-alla-fine-del-suo-lavoro/ on Fri, 04 Mar 2022 07:00:54 +0000.