Stepan Demura is a longtime American financial analyst. He became famous when his predictions about the US mortgage crisis came true. Often has his own point of view, which is contrary to the opinion of other economists.
Stepan Gennadievich Demura - financial and stock analyst, trader. He became known all over the world after his predictions about the global economic crisis of 2008 and the fall of the ruble in 2014 came true.
The analyst is an adherent of the Elliott wave theory, therefore, graphical analysis of exchange instruments is at the heart of all forecasts. He always defends his point of view, even if it goes against the opinion of the majority of financiers.
Biography
Stepan Demura was born in Moscow on August 12, 1967. Graduated from Moscow Institute of Physics and Technology in 1993 and received his Ph. D. in applied mathematics from the University of Chicago. For a long time he worked in the USA, taught at the School of Business at the University of Chicago. Simultaneously with teaching, he worked at Sheridan Investments LLC, where he headed the department dealing with market research and analysis. Several years later, he was invited to a government agency that was engaged in the control and analysis of the US bond market.
For the first time, the organization of financial structures aroused interest in high school. Stepan Demura independently studied English, devoted a lot of time to rocketry. Now he claims that many interesting ideas came to him during his student days, but there was no opportunity to put them into practice.
He has been working on the Russian stock market since 2004. In our country, he made a career in television as a presenter of financial programs. He was fired from RBC because of a remark made to his colleagues, which was perceived as a violation of professional ethics. Demura himself believes that the reason was his prediction of a fall in GDP, criticism of the current government.
Views and projections
Demura always said that the Russian economy is based on raw materials, where the main gross product is oil. The economies of countries in which mining takes place do not depend on the cost of a barrel. In his opinion, raw materials for oil products in Russia are 10 times cheaper than in America and Europe. This is the focus of most of the forecasts for the market value of a barrel of oil.
Stepan Demura believes that Russia's financial problems are related to the fact that:
- More than 40% of the population lives by supplying the resource from the pipe to other countries.
- The standard of living is directly related to the market value of resources.
- The funds received are distributed among the electorate of the United Russia party.
- Russians have not felt the difference since perestroika times.
What awaits the ruble in 2018?
Stepan Demura made a forecast for 2018. In his opinion, the devaluation of the ruble will remain the main economic threat. He substantiates his judgments with Rosstat data. They point out that there is a decline in economic efficiency in many areas. The most progressive industry is agriculture, the profitability of which has decreased by 20%, in construction there has been a decline of 30%, and in the high-tech area - by 25%.
The most dangerous for the Russian economy are anti-Russian sanctions. After a political crisis, problems related to the banking structure may arise. The expert predicts a decline in the national currency against the dollar to 97 rubles. for 1 dollar. The impending devaluation of the ruble may become a prerequisite for a decline in the standard of living of ordinary people.
The difficulty lies in the fact that Russia is dependent on imported goods. Most manufacturers say that it is difficult to restore normal production flows due to the lack of the necessary equipment and materials. Ordinary citizens will pay for the current situation, since the acceleration of the inflation rate will have an impact on the rise in prices.