Russian bear is not afraid of financial winter

       Where are tourists in Pattaya? It is not visible organized Chineses who amicably were floating to Ko Lan by high-speed boats since early morning . The mass tourists from India who have appeared in the last year, with wives in color sari, were gone.Ther is lack of brave Englishmen - funs of the Arsenal and Manchester United in pubs. Why there were less tourists?
       The answer is simple - all over the world there is a financial crisis. The formal reason - risky hypothecary credits because of which fell biggest American banks, then problems of banks which made interbank operations in the interbank market, crisis of liquidity, further problems with credits for the enterprises of real sector, fall of the share market, ruin of firms, freezing of salaries, unemployment, financial losses of the population. Fall of a consumer demand in the end. Approximately such picture is in the West.
       But Russian still walk in Pattaya. I test not clear feeling when I was in soy Pattaya-park – there is a lot of advertising in Russian: " the USSR, the Russian house, massage at Lili, Here it is possible to try tea free-of-charge... "
And today I walked on Soi 12 Naklua, and was surprised: there are almost more signboards in Russian , than in Thai.
Still recently on all Pattaya there were a pair signboards in Russian, and now Soi 12 Naklua already named as Russian street.
       And why so? What happens in Russia?
In general, too most, as all over the world, but in very - very easy form. The last some years Russia strongly grew rich - due to a continuous rise in prices on petroleum (up to 145 dollars per barrel), gas, metals, the foodstuffs and other raw material. On a background of growth of the world prices, hi-tech export of Russia - export of the weapon has strongly increased up to 7 billion dollars in 2007. Gold and currency stocks of the country make for today 485 billion dollars plus of mean Stable Fund of the Ministry of Finance - more than 150 billion dollars.
Salaries of Russians - so in financial and petroleum and gas branches they, on the average in the country have grown, make 2000 dollars per one month, In Moscow even the courier or the secretary receives about 1000 dollars. Taking into account, that the prices in Russia are low, we shall tell they are comparable with Thai, so these are the significant sums.
Russians had steady interest to the real estate - the Moscow real estate has risen in price since 1999 on 2008 from 750 dollars up to 6000 dollars per square meter, on the average.
 By quantity of expensive cars Moscow may compete to any city of the world - in city is registered more than 200 Ferrari and Lamborgini, as much Bently and Rolls-Royces. In Vladivostok and Kaliningrad - the centres of import of automobiles in Russia on every 100 persons there are about 50 automobiles. Russians began to have a rest abroad - for example , in 2007 Thailand have visited about 800.000, that almost in one and a half time it is more than in 2006. This year it is planned even more. The most rich Russians get the real estate in other countries, including in Thailand.

How Russia passes from prosperity to poverty? Ther is no way, because really crisis in Russia is not present this time. And, probably, will not be in general..
       From concrete displays of crisis we notice (however as worldwide) fall of the share market. Basically, it is caused not by that Russian economics began to work worse, and that is because world global funds have begun to remove money from the developing markets and shares have fallen all over the world. As against USA, citizens of the Russian Federation do not play in the share market (they have not ripened yet), and savings in shares are held no more than 1% of the population, and it has kept their money.
       The Russian banks, basically, are steady - some - 5-7 small banks could not execute the obligations, however money of investors were not gone - these banks are acquired by others, more successful. By the way, the Russian Parliament has increased volume of the private accounts guaranteed by the state up to 700.000 roubles on олного of the investor (about 25000 dollars) and банкт have received several hundreds billions roubles from the Central Bank of Russia under a concessionary interest rate for financing real sector of economy and small business. Yes, to get credits more difficult, the rate on them, has increased up to 20-24 % annual, but in Russia credits not the most important part of business, firms manage their own forces. The mortgage which became the trigger global financial crisis, in the Russian Federation, fortunately, is not advanced, No more than 5 % appartments is got with the help of the mortgage, therefore it can not affect banks.
Due to huge gold and currency stoks the Russian rouble remains to be a stable currency and even the certain outflow of currency from the Russian market could not drop its exchange rate.
       At present the inhabited real estate in Moscow, according to researches of authoritative agency IRN, is reduced in the price, however the size of decrease - about 1 % in October 2008 show that it is usual correction which, for example, took place and in 2006.
       The Russian power and metallurgy, certainly, earns smaller money, but all the profitableness of this business is still great. Small business (trade and service) works as before. One more confirmation of that in Russia normal economic conditions is an opening November, 7 2008 near Saint Petersburg car factory of General Motors - and it is during the time when all car factories reduce manufacture.
 And the last but not least. The spirit of Russian people is strong, tempered different disasters - by wars, revolutions including financial - since 1960 Russia has gone through 4 currency reforms and strong financial crisis - in 1998 rouble has fallen in price at one moment,more than in 5 times, from 6 up to 32 roubles per dollar! The share market has fallen actually up to zero. Almost all conducting banks of Russia have gone bankrupt. Anything terrible. Russian people has survived and works further. Therefore the panic in Russia now is not present. Everybody is quiet, but not because of levity, the calmness is based on understanding of the force.
Everything will be good in Russia.


Take a cat for free
Приют для бездомных кошечек
http://koshkin-dom-moskva.narod2.ru/
Возьмите кошечку БЕСПЛАТНО