You are technically a slave when 100% of the fruits of your labor is taxed or otherwise confiscated by force. For some people in France, it is dangerously approaching that threshold and causing them to renounce their citizenship. Gerard Depardieu is literally the concept of “capital flight” personified.
Since the 2007 credit crisis, August has been a cruel month for Russian equities, delivering significant losses every year except 2009. This year, however, Russian stocks have slightly beaten the Emerging Markets (EM) in August, and extended their out performance into the first half of September as well.
Today we’re happy to bring you another interview, this time with Russian-based Igor Yegorov. Igor will give us an insider’s view about government corruption, investment opportunities and life in Russia.