Who is Stepan Demura

Stepan Demura is a financial analyst who has worked in America for a long time. He became famous when his forecasts came true regarding the mortgage crisis in the United States. Often has its own point of view, which runs counter to the opinion of other economists.

Stepan Gennadevich Demura - financial and exchange analyst, trader. He became known around 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 committed to the Elliott Wave Theory, so all forecasts are based on a graphical analysis of exchange-traded instruments. He always defends his point of view, even if it contradicts the opinion of most financiers.

Biography

Stepan Demura was born in Moscow on August 12, 1967. In 1993 he graduated from the Moscow Institute of Physics and Technology, received a 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 of the University of Chicago. At the same time as a teacher, he worked at Sheridan Investments LLC, where he headed the market research and analysis department. A few years later he was invited to the government agency that was involved in monitoring and analyzing the US bond market.

For the first time, the structure of financial structures aroused interest even in high school. Stepan Demura independently studied English, devoted a lot of time to rocket science. Now he claims that many interesting ideas came to him in his student days, but there was no way to put them into practice.

Has been working on the Russian stock market since 2004. In our country, he made a career on television as a leading financial program. He was dismissed from RBC due to a remark addressed 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, a criticism of the current government.

Views and forecasts

Demura has always said that the Russian economy is a raw material economy, where the main gross product is oil. The economies of the countries where minerals are extracted do not depend on the cost of a barrel. In his opinion, raw materials for petroleum products in Russia are 10 times cheaper than in America and Europe. This is emphasized in making most forecasts regarding the market value of a barrel of oil.

Stepan Demura believes that the financial problems of Russia are connected with the fact that:

1. More than 40% of the population lives by supplying a resource from a pipe to other countries.

2. The standard of living is directly related to the market value of resources.

3. The funds received are distributed between the electorate of the party "United Russia".

4. The Russians have not felt the difference since perestroika times.