俄國呢次只可贏, 不可輸 !
歐美還在睡夢中 !
www.zerohedge.com
Earlier today
we reported that
according to weekly Fed data, a record amount - some $105 billion - in
Treasurys had been sold or simply reallocated (which for political
reasons is the same thing) from the Fed's custody accounts, bringing the
total amount of US paper held at the Fed to a level not seen since
December 2012. While China was one of the culprits suggested to have
withdrawn the near USD-equivalent paper, a far likelier candidate was
Russia, which as is well-known, has had a modest falling out with the
West in general, and its financial system in particular. Turns out what
Russian official institutions may have done with their Treasurys (and we
won't know for sure until June), it was merely the beginning. In fact,
as the FT reports, in silent and not so silent preparations for what
will be near-certain financial sanctions (which would include account
freezes and asset confiscations following this Sunday's Crimean
referendum) the snealy Russians, read oligarchs,
have already pulled billions from banks in the west thereby essentially making the biggest western gambit - that of going after the wealth of Russia's 0.0001% - moot.
From the FT:
Russian companies are pulling billions out of western banks, fearful
that any US sanctions over the Crimean crisis could lead to an asset
freeze, according to bankers in Moscow.
Sberbank and VTB, Russia’s giant partly state-owned banks, as well as
industrial companies, such as energy group Lukoil, are among those
repatriating cash from western lenders with operations in the US. VTB
has also cancelled a planned US investor summit next month, according to
bankers.
The flight comes as last-ditch diplomatic talks between Russia’s
foreign minister and the US secretary of state to resolve the tensions
in Ukraine ended without an agreement.
Markets were nervous before Sunday’s Crimea referendum on secession
from Ukraine. Traders and businesspeople fear this could spark western
sanctions against Russia as early as Monday.
It probably will.
What it will also do is force Russia to
engage China far more actively in bilateral trade and ultimately to
transact using either Rubles or Renminbi, and bypass the dollar.
Perhaps even using gold, something which the price of the yellow metal
sniffed out this week, pushing itself to 6 month highs. It will also
make financial ties between the two commodity-rich nations even closer,
while further alienating that "imperialist devil," the US.
Of course, the west thinking like the west, and assuming that all
that matters to Russia is the closing level of the Micex, believes that a
sufficient plunge in Russian stocks would have been enough to deter
Putin. After all, the only thing
everyone in the US cares about is if the S&P 500 closed at yet another all time high, right?
What the west didn't realize, as we predicted a month ago, for Putin
it is orders of magnitude more important to have the price of
commodities, primarily crude and gas, high than seeing the illusion of
paper wealth, aka stocks, hitting all time highs. Especially since in
Russia an even smaller portion of the population cares about the daily
fluctuations of the stock market. As for the oligarchs, if there is
someone who will be delighted to see their power, wealth and influence
impacted adversely, if only for a short period of time, it is Vladimir
Vladimirovich himself, whom the west misjudged massively once more. Not
to mention that the general population will be even more delighted, and
boost Putin's rating even higher, if these crony billionaires are made
to suffer by the west, if only a little.
(Here we would be remiss not to comment on his easy it supposedly
is for Obama to freeze the assets of a few corrupt Russian
billionaires, and yet the very proud Americans who nearly brought the
entire financial system to the brink in 2008, are now richer than ever.)
In the meantime, some of Russia's oligarchs are effectively welcoming the challenge.
Bloomberg reports:
Alisher Usmanov, the country’s richest person, controls his most
valuable asset, Metalloinvest Holding Co., Russia’s largest iron ore
producer, through three subsidiaries, one of which is located in Cyprus,
an EU member nation. The 60-year-old also owns a Victorian mansion in
London that he bought in 2008 for $70 million, according to a May 18,
2008, Sunday Times newspaper report. He’s lost $1.5 billion since the
crisis began, according to the Bloomberg ranking.
“We are concerned with the possible sanctions against Russia but
don’t see any dramatic repercussions for our business,” Ivan
Streshinsky, CEO at USM Advisors LLC, which manages Usmanov’s assets,
including stakes in Megafon OAO and Mail.Ru Group Ltd., said in an
interview at Bloomberg’s offices in Moscow today.
“Mail.Ru and Megafon revenue is coming from Russia and people won’t stop making calls and using the Internet,” he said. “Metalloinvest may face closure in European and American markets, but it can re-direct sales to China and other markets.”
Great job, Obama: you just pushed Russia and China
even closer by
necessity! Furthermore, it should come as no surprise that while
Russians were pulling their money from the west, western firms were
getting out of Dodgeski.
One senior Moscow banker said 90 per cent of investors were already
behaving as if sanctions were in place, adding that this was “prudent
exposure management”.
These moves represent the flipside of the more obvious withdrawal of
western money from Russian markets that has been evident over the past
fortnight.
Traders and bankers said US banks had been particularly heavy sellers
of Russian bonds. According to data from the Bank for International
Settlements, US banks and asset managers between them have about $75bn
of exposure to Russia.
Joseph Dayan, head of markets at BCS, one of Russia’s largest brokers
said: “It’s been quite an ugly picture in Russian bonds the last few
days and some of it has to do with international banks reducing
exposure.”
Although foreign banks have not yet begun cutting credit to Russian
companies en masse, bankers said half a dozen live deals to fund some of
Russia’s biggest companies were in limbo as lenders waited to see how
punitive western sanctions would be.
So the bottom line is that Russia, thinking a few steps ahead,
already has withdrawn the bulk of its assets from the West, and why not.
Recall that a year ago it was revealed that the same Russians who were
supposed to be punished in Cyprus
had mostly withdrawn their funds in
advance of the bail in: they tend to know what is coming. It was the
ordinary Cypriot citizens, who had done nothing wrong, who were most
impaired.
And so while the Russian response is already known, we wonder just
how true is the inverse: just how prepared is the west, and especially
Europe, to exist in a world in which a third of Germany's gas is
suddenly cut off? We can't wait to find out early next week.
文匯報
外國央行存放在美國聯儲局的美債規模，截至上周三的一周跌至2.855萬億美元(約22.2萬億港元)的15個月低位，單周減幅達破紀錄的1,050億美元(約8,156億港元)。投資者懷疑是俄羅斯出手，以防一旦烏克蘭危機升級，美國或凍結俄資產。
俄國截至去年底持有1,386億美元(約1.08萬億港元)美債，今年以來，外國央行存放在聯儲局的美債減少1,415億美元(約1.1萬億港元)，抵銷去年全年增加的1,035億美元(約8,039億港元)。
CRT Capital策略師林根表示，俄國將美債轉移至摩根大通、紐約梅隆銀行或瑞銀等第三方託管人。交易員稱，託管人責任包括戶口管理、確認清償，以及採取其他保障安全措施。
分析料售美債撐本幣
Brown Brothers Harriman策略師錢德勒指，新興市場央行的干預，似乎不足以在一周內轉移逾千億美元美債，因此極可能是俄羅斯出手。
聯儲局去年底宣布退市後，投資者憂慮增長前景，今年初多個新興市場貨幣急挫。分析師認為，俄國可能出售美債支撐本幣。
俄債息逼10厘 盧布沉底
俄國銀行業人士透露，俄羅斯儲蓄銀行(Sberbank)、外貿銀行(VTB)、石油公司
Lukoil等，正從西方國家銀行撤走數以十億計美元，擔心美國可能凍結俄方資產作制裁；當中VTB計劃取消下月舉行的美國投資者峰會。俄國10年期債息
前日升至近9.7厘，遠高於1月時的不足8厘，盧布兌美元跌至36.7，接近歷史低位。
■《華爾街日報》/英國《金融時報》
官:![:-]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_u5Dl6aYQyIQCUdw4xS2ueuchqAUpiSXS2fy5hjSEdf-0mHrN43DGCOI06kxF5zU-AZ7m46PNWalU69RECzk2B28oRDWxkvSVPF-GsXKA=s0-d)
咗,佢話要請外傭睇住2件細既,咁我咪冇加,
![[slick]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_v6ojxEf6Pr0eT0BziEHfeNxpjljy4kmk4JpJWu2Pd7Mf3z3ARcq7P1tuYB6BzUh1VlLWbG_GnjZeqaoz3ooM3olt0MI5twYNf3QkrX=s0-d)
,你下次拿番呢7年既租單番黎俾我地check,
;稅局會話你逃稅![[369]](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_s38dB4gyZKlbgA4yOcqeIIPaBHoiPkb5yVFXPfkACgOegFETNHqi4qUGR8fxGdyoQBa3ifthuWdbtupY2pbf_G1ITfWncdFaoK3g=s0-d)
,鼓勵業主應狂加租,
