talk a little bit about minsky and in the minsky moment what that means and are we at one of those moments we've been one of the would have been another the moment i think we call that they've got nothing to miss came out of the closet minsky millennia because minsky talked about a series of financial sokal each of which led to. economy having a high level of did at the end of the socket and had at the beginning leading ultimately to one with as much to the system of the collapse under its own wife unable to finance the debt and that's exactly where we are that's been my whole theoretically reading of x. modeling miscues hypothesis putting into mathematical form which don't consider the cycle to regard work its fundamentally a system as it systems engineering model of the economy and yes it does have those characteristics and you contradict the future of this even they can say what's likely to happen when i look at it i can say it was certainly there in the regime where i mean ski breakdown is going to occur and that's why i came out publicly in two thousand and five late two thousand and

i thought a little bit about minsky and all in the minsky moment what that. means and i we at one of those moments when i've been one of them would have been in not in the moment they would call though they believe i go meet them in scheme and at the close of the miscue millennia because minsky talked about a series of financial stock old age which led to the economy having a high level of did at the end of the socket it had at the beginning leading ultimately to one with as much to the system that it collapses under its own wife and i want to finance the debt and that's exactly where we are but that's been my whole theoretically reading of x. modeling miscues hypothesis putting in a mathematical form which can put it in a cycle to regard with its fundamentally a systems it systems engineering model of the economy and yes it does have those characteristics and you contradict the future of this even they can say what's likely to happen when i look at it i can say it was certainly there in the regime where i mean ski breakdown is going to occur and that's why i

pilot had to back up their ports minsky n.v. tips in this really says a lot about the quality of the cruise preparation because wasn't even working that day. the official investigation found pilot error was to blame despite mounting evidence poland remains intent on pursuing its own investigation into the crash and trying to prove that the russian air traffic control was also responsible action some say only for political leverage ahead of the country's parliamentary elections polish aviation experts agreed with the investigation report and its findings and unless the politicians are willing to do the same instead of trying to shift the blame and gain voter support many more similar revelations could come to light placing the polls in an even more uncomfortable position kashrut as r.t. moscow. russia and the us are all set to begin scrapping their deployed nuclear arsenals the new strategic arms reduction treaty was finally ratified by both sides this week and should come into force within a matter of days it was signed by presi

or you know we will have the pilot had to back up airports minsky n.v. tips in this really says a lot about the quality of the cruise preparation because wasn't even working that day. the official investigation found pilot error was to blame despite mounting evidence poland remains intent on pursuing its own investigation into the crash and trying to prove the russian air traffic control was also responsible action some say only for political leverage ahead of the country's parliamentary elections polish aviation experts agreed with the investigation report and its findings and unless the politicians are willing to do the same instead of trying to shift the blame game voter support many more similar revelations could come to light placing the polls in an even more uncomfortable position. cashman has r r t moscow in belarus former presidential candidate candidate vladimir nick has been released on bail after being detained during violent protests in december on saturday the wife of another former candidate was also released pending house arrest many more

pilot had to back up airports minsky n.v. tips in this really says a lot about the quality of the cruise preparation because wasn't even working that day. the official investigation found pilot error was to blame despite mounting evidence poland remains intent on pursuing its own investigation into the crash and trying to prove the russian air traffic control was also responsible action some say are only for political leverage ahead of the country's parliamentary elections polish aviation experts agreed with the investigation report and its findings and unless the politicians are willing to do the same instead of trying to shift the blame and gain voter support many more similar revelations could come to light placing the polls in an even more uncomfortable position ghastliness r r t moscow. acquitting nelson all the international headlines at this hour going to training in law i did head on with a good training from javelin killing ten and injuring dozens yanks it happened late on functioning on a section of track scheduled

transits to you are now russia exports about twenty million tons of crude to balad rose annually minsky refined exports most of it to you were at much higher price that resulted in russia introducing expo duties on its wealth for the routes last year and agreed to only on condition that we turned. the russian oil. deposit interest rates are continuing to decline in russia people are adding to their bank savings the interest rate among the country's top this is now eight point two five percent on average bank deposits groups of more than two hundred ninety billion dollars last year russia's ten largest lenders are holding seventeen percent of all deposits sort of out of the markets now starting with europe european stock markets a high after portugal succeeded in getting a keenly awaited debt option away in the u.s. futures are looking positive also shares in parent among the strongest performances are rising three point five percent after us announced an order for one hundred eighteen new jets from indian budget carrier indigo h.s.b.c. continues its winning streak taken from tuesday its

bella rules must pay more due to rising global prices and an imminent transit tariff increase by minsky prime minister is important has met with his bill a russian counterpart. to try and iron out the conflict our correspondent peter all of a joins us now live with more from that meeting and of peace so. has there been any headway in resolving this conflict. stands at the moment both protest of let me a prudent under his brother russian counterpart the poor just still. thrashing this one out now we still have been talking for a few hours now we still yet to hear anything of any development still to come from these discussions between moscow and minsk well the reason this is all come about is because oil supplies to belushi was stopped from for russia to be on the first of january. after russian oil companies the main russian oil place you look at your russian if you look they said they wanted forty five dollars per chill an extra of oil but they said to put that into more simple terms a ton of oil roughly goes about seven barrels of the black still fell they say they need this extra mon