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By Richard Fernandez

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Distant shore

September 11, 2008 - 6:08 am - by Richard Fernandez
fedya
2008-09-11 21:52:27

OK, so much for my gloomy side… now for the other side, THEIR DOOM…

La Russophobe
larussophobe.wordpress.com
Special Extra — The Russian Economy, Imploding
UPDATE: The following day, the market crashed through the 1300 psychological barrier to close at 1298.08 on the RTS, ignoring the reassurances given by “president” Medvedev, as described below. The MICEX was flirting with triple digits, and Russia was warned against artificially inflating the market with a government cash infusion, on pain of a reduced credit rating.

Moscow Times
www.themoscowtimes.com/article/1009/42/370832.htm
Medvedev Says State Can Lift Markets
Government spokesman Dmitry Peskov said Wednesday that there were “no obvious reasons for the markets to continue to fall,” blaming this week’s losses on “emotional factors” and saying more sober sentiment would ultimately prevail.

International Herald Tribune
www.iht.com/articles/2008/09/11/business/jcd.php
JCDecaux and News Corp. in talks
“The more I read about investments in Russia, the less I like the feel of it,” Murdoch said last month.

The Guardian
www.guardian.co.uk/media/2008/sep/09/advertising.mediabusiness
Offices of Rupert Murdoch’s Russian ad firm searched
Investigators have raided the Moscow headquarters of an outdoor advertising company owned by Rupert Murdoch.