Russian Market

Russian Market
Type of site
 Online Newsroom
Available in English, Russian, German and Chinese
Owner Russian Market
Editor Anonymous
Website RussianMarket
Alexa rank Positive decrease 1 (September 2012)[1]
Launched February 2009
Current status Active

Russian Market is a Swiss/Russian business/entertainment news blogger launched in February 2009 and based in Zurich. Founded by an anonymous Swiss investment banker and journalist. Russian market is reviewing the latest financial news from Zurich's Paradeplatz to Wall Street over the Emerging markets of Russia and China. The feed provides and analyzes current business news and acts as an aggregator of top news stories from around the web, each with an "edgy" commentary similar to Zero Hedge and Business Insider. Its original works have been cited by other, larger, publications such as The Guardian[2] and domestic news outlets like Swiss newspapers Finews.ch or 20 minuten.[3] It reports on economics around the Wall Street and the financial sector in Switzerland - and is credited with bringing the controversial posts in September 2011 alleging that Swiss National Bank would set a minimum exchange rate at CHF 1.20 per euro.[4] The news portion of the site is written by a Swiss investment Banker with Russian origin who writes under the pseudonym "Russian Market" in English, Russian, German, and Chinese languages. In April 2014 the blog had over 132 thousand unique followers on Twitter from Hong Kong to San Francisco.[5]

Russian market has been mentioned by other financial bloggers Business Insider and Zero Hedge for bringing first the breaking news from Russia, former CIS-countries and Europe way faster than any other news agencies like Reuters or Associated Press. In addition to the news content, Russian Market gives free unbiased recommendations on stocks, forex and financial market in real-time, publicly discussed on various business channels such as Bloomberg or CNBC.[6] In 2008 Russian market openly criticized Jim Cramer, the host of CNBC's Mad Money and a co-founder and chairman of TheStreet.com, Inc., for recommending to buy Bear Stearns stocks [7] and the American economist Nouriel Roubini, Dr. Doom, for his pessimistic forecast that Eurozone together with the European currency would break up by the end of 2011.[8] It has to be noted that Russian Market is known to put out breaking news stories faster than any other news agencies.

Readership and influence

Russian market has been quoted by major Swiss newspapers:

20 Minuten brought Russian Market's analyse and forecast on Swiss and Japanese markets, where Russian Market described the current situation around Japanese Stock Market as a perfect bubble to burst and warned on looming supercrash in Swiss Market.[9]

French-Swiss financial magazine Bilan published an interview with Russian Market on the influence of Twitter on markets, where Russian Market would predict the technical correction in the gold Troy ounce price rally in 2013.[10]

Swiss Tamedia's SonntagsZeitung writes: Russian Market whose tweets can influence the markets.[11]

Watson: The most famous blogger of Switzerland [12]

20 Minuten: Twitter Giant @Russian_Market Suspended [13]

Contemporary Art Blogging

Russian Market organizes the extensive, almost monthly list of the best exhibitions in private galleries and brings images of the best contemporary art exhibitions in commercial galleries from Art Basel up to fully unknown galleries from Post-Soviet states and around the world.[14] Russian Market generated the first idea to consider Contemporary art as alternative commodity and create an investment tool similar to Exchange-traded fund based not only on works of well-known contemporary artists such as Andy Warhol, Gerhard Richter, Jean-Michel Basquiat & Jackson Pollock but also on works of emerging artists.[15]

References

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