It's pretty good, and very clever, although the closing jab
reeks of soviet mentality and philosophy. I'm talking
through this issue today on CNBC Street Signs and here is the
layout I'm following:
Putin has played his hand brilliantly in this "strangely
- This plays well at home where it's all about preservation
of power and wealth for him.
- Why is Putin and Russia (
) taking the stance on Syria that they do?
- They have spreading Islamism
- They get $$$ from Syrian military sales
- They do NOT want western interference in their sphere of
influence (former Soviet) and have struggled with west on their
own regional conflicts, so they are taking hands off
approach. They want the west (NATO) out of their
- Only one who can get access and possibly carry out this
chemical weapons reduction.
- If U.S. says no it makes it look like U.S. was only looking
for a regime change, not trying to take a humanitarian
- Optimists will want to believe this is one more chance for
Putin to reshape his legacy
- But showing their need to be accepted on world stage and
are being opportunistic with this one.
- Putin's tactic in referencing the "rule of law" and toeing
a constitutional line is logical and it makes sense. It's
terribly ironic coming from a guy that steamrolls the rule of
law in Russia. (Putin has re-crafted the constitution to
cement his power, bullies the judicial system, etc.).
- Putin warning of the threat of WMD and talking of
non-proliferation of arms - is very Soviet, using peace
as a détente same they were using arms control with Europe as a
way to talk while digging in further on their own
Chance for Putin legacy change?
- Real opposition party in Russia is gaining power.
- Navaly got 27% after earlier running - was more
dangerous n jail as a martyr….was let out
- Putin still talking in soviet and socialist dialect,"
Being "exceptional" in Russia is a problem. This is
encouraged in the USA.
Russia any different?
- Some are trying to paint it as….the market needs it.
Volumes are a fraction of where they were 5 years ago.
But it's a very real market. Absurdly cheap on P/E but
not terribly cheap on P/B especially outside the O/G
- Russia has an amazing consumer consumption trend that's
been building steadily over last 3-5years.