Friday, September 19, 2008

Russia Will Buy Stocks to Combat Market Slide

Joining China and the USA in the State/market racket.
There's a line I didn't envision typing, say, oh, a week ago.
From DealBook:
The Russian government will inject up to $20 billion into domestic stocks in an effort to halt the free fall of the Russian stock markets, President Dmitri A. Medvedev said Thursday, in the most direct effort yet to use oil profits to ease a deepening stock market crisis there, The New York Times’s Andrew E. Kramer reported...MORE
UPDATE- From Bloomberg:

Russia, China Lead Biggest Emerging Market Surge in Two Decades