Credit Suisse's Mountain of Debt
Published: Friday, 22 May 2009 | 10:46 AM ET
By: Jonathan Weber|The Big Money
Time to Invest in Russia?
Russian stocks are "cheap compared to just about anything" and the Russian sovereign has an "excellent balance sheet" for debts, Roland Nash, chief strategist at Renaissance Capital told CNBC Wednesday. He said it's no surprise that investors will soon flock to Russian markets as confidence in Europe and the US decrease.
Jonathan Weber is the founder, publisher, and CEO ofNew West , a media company covering life and business in the Rocky Mountain West.
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Not too many years ago, $1 million might have bought you a midrange house on the side of a slope of a midrange Western ski hill. Today, you could buy an entire ski resort for that price, as long as you have a few bucks left over for operating costs and some good lawyers to duke it out with investment bank Credit Suisse.