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Thanks Putin! Market Correction has begun
CNN MONEY ^ | 8/8/14

Posted on 08/08/2014 6:26:02 AM PDT by SoFloFreeper

German investors are feeling the pain of escalating tensions with Russia that may have already pushed Europe's largest economy into reverse...

....Europe, the U.S. and other Western nations have issued increasingly tough sanctions against Russia over its role in destabilizing parts of Ukraine.

Russian President Vladimir Putin responded this week by banning various food imports from the U.S., Europe, Australia, Canada and Norway.

Several companies have already warned of damage to come, and economic data have soured as businesses postpone big spending decisions. Germany is Russia's biggest trading partner in Europe and thus has most to lose. Now Russian leaders are considering further retaliatory measures....

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Russia
KEYWORDS: cronyism; obamanomics; stocks
Looks like Obama and Hillary's "reset" has been a massive failure.

The media is there to try and rescue Obama, calling this a "market correction".

1 posted on 08/08/2014 6:26:02 AM PDT by SoFloFreeper
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To: SoFloFreeper

I know Norway isn’t in the EU, but it’s odd seeing a list that includes “Europe... and Norway”.

This isn’t like sanctioning South Africa or Iran. There was bound to be a push back from trying to isolate the largest country on the planet and the R in BRIC.


2 posted on 08/08/2014 6:33:07 AM PDT by OldNewYork
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To: OldNewYork
There was bound to be a push back from trying to isolate the largest country on the planet

Large like Alaska and Canada large, or like China and America large?

3 posted on 08/08/2014 7:02:06 AM PDT by ansel12 (LEGAL immigrants, 30 million 1980-2012, continues to remake the nation's electorate for democrats)
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To: SoFloFreeper

Obama never should have Unfriended Putin.


4 posted on 08/08/2014 7:06:39 AM PDT by McGruff (Hey America, Hows that Hopey Changey Thingy workin out for ya?)
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5 posted on 08/08/2014 7:09:19 AM PDT by DJ MacWoW (The Fed Gov is not one ring to rule them all)
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To: SoFloFreeper
Bush's Putin's Fault.
6 posted on 08/08/2014 7:09:21 AM PDT by McGruff (Hey America, Hows that Hopey Changey Thingy workin out for ya?)
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To: SoFloFreeper

Putin: “If I can’t have it all... nobody will!”


7 posted on 08/08/2014 7:15:49 AM PDT by Viennacon (Liberals are like vomit in a lot of ways)
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To: ansel12

What do the B and the C stand for?


8 posted on 08/08/2014 7:19:48 AM PDT by OldNewYork
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To: SoFloFreeper

Wait...
What???

I thought we were told this would all hurt Putin far more than anyone else. How can this be??

It couldn’t be because Europe’s economy was already on the edge of recession, could it?


9 posted on 08/08/2014 7:32:13 AM PDT by tcrlaf (Q)
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To: OldNewYork

So you must mean largest as in unpopulated wastelands.


10 posted on 08/08/2014 7:46:25 AM PDT by ansel12 (LEGAL immigrants, 30 million 1980-2012, continues to remake the nation's electorate for democrats)
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To: ansel12

Since the sentence had a part that talked about largeness in one way, and then went on make a reference to largeness in another when considering their trading bloc, the question is, are you honestly confused about whether I was saying that Russia is the most populous country on earth, or just trolling?


11 posted on 08/08/2014 7:50:30 AM PDT by OldNewYork
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To: SoFloFreeper
>>>>>>>Russian President Vladimir Putin responded this week by banning various food imports from the U.S., Europe, Australia, Canada and Norway.<<<<<

Brazil could not be happier for a new export opportunity - 150,000 tons of Brazilian chicken, to replace 150,000 tons of U.S. poultry exported annually to Russia.

How much is 150,000 tons of poultry worth? $100M?

12 posted on 08/08/2014 8:33:23 AM PDT by DTA
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