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Friday, May 01, 2009 11:38:16 AM
I think it will be a slow road to recovery for Russia. They burned bridges. Take your pick in any industry:
-Oil & Gas (Sak II, TNK-BP, Shtockman)
-Airlines (Boeing out as the major to rebuild the Russian Airlines Fleet)
-Auto INdustry & Ford (now fully Unionized in St Petersberg and with wages going (way) up, probably will move to the Ukraine AND with the Tax Putin put on the foriegn auto industry....
-Banking.....wetern banks all but closed down with "interest restrictions."
Cheers,
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