Markets covered panic
The growth of financial markets in the end of last and beginning of this week, gave way to panic, write “News. Economy.” Thus, the collapsed us stock indices Nasdaq, Dow Jones and S&P 500 (3.8%, 3% and 3.2%, respectively), and shares of Apple, Google, Netflix and Amazon dipped by 4.5-6%. If the growth was due to a truce in the trade war the US and China, one of the reasons for the decline can be seen by investors inversion of the yield curve of treasuries. The same thing happened before the collapse of Lehman Brothers that triggered the crisis of 2008.
The housing prices will set a limit
“Legislative error”, which allowed the regions to raise tariffs above the inflation rate to be corrected soon. The Prime Minister Dmitry Medvedev said the head of Federal Antimonopoly service Igor Artemyev. Transcript of conversation of the officials published on the government website. According to Artemyev, “hole in law” allowed the authorities of the regions to legally raise tariffs not as a General rule “inflation minus”, and above it. For this reason, the Cabinet gave several departments, including the FAS, a number of instructions on improvement of monitoring of tariffs in the housing sector. Artemyev said that the amendments to the Federal law have been prepared and agreed by Deputy Prime Ministers and in the legal Department of the presidential administration.
“We are ready,” he said.
Shopaholic made unpleasant surprises
On November 24, 2018, the Russians, who are not zadeklarowa on the customs brought from abroad, watches and stopwatches, made of precious metals, can be recognized by the smugglers and take the term up to seven years. Other “unpleasant surprise shopping”, how to write “Izvestia”, will be a limitation of cost of purchased goods overseas that are free to be delivered to Russia by road or water transport or on foot to bring. From January it will decrease by half to EUR 500 per person per month.
“Parking holiday” canceled
On 237 streets in Central Moscow will be cancelled Sunday “Parking holiday”. According to “Interfax”, the corresponding order was issued by the Department of transport in the capital. According to his text, December 15, 237 Parking on the Central streets of the capital will be paid even on Sundays. In the list of streets include Arbat and Bolshaya Nikitskaya, Pokrovka street, Petrovka street, Pyatnitskaya str., Sadovo-Kudrinskaya and others.
The EU has begun de-dollarization
EU after Russia started to de-dollarize the economy. This is evidenced, as reported by the Financial Times, developed by the European Commission document. According to him, the use of dollars in “strategic” sectors (energy, aviation and others) should be reduced, and the use of the Euro increased. It is, as the authors of the package of measures will increase the economic sovereignty of the Eurozone, and will also allow it to be less dependent on the policies of U.S. President Donald trump. “Aggressive,” according to the author of the article.
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