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Investors Lounge
hisah
#1361 Posted : Sunday, September 04, 2011 9:44:33 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
A gold backed yuan would shake down the dollar reserve story...

http://azizonomics.com/2...chinas-monetary-endgame/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1362 Posted : Sunday, September 04, 2011 9:55:02 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
I need to sleep, but the noise has started in the market... Will maybe sleep for 3hrs then get busy since I can see Merkel has suffered defeat in Germany as ruling CDU gets record low vote in Mecklenburg-Vorpommern. And to cap it, Merkel's constituency in parliament is also located in Mecklenburg-Vorpommern.

Israel markets couldn't wait... Down 4.39% for the day!? Back to wild swings again and US is closed on Monday for Labor day holidays... Asia & Europe will definitely outdo one another racing down...

http://www.tase.co.il/TA...ndexId=142&Action=1

TASE 25 Index...

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1363 Posted : Sunday, September 04, 2011 10:21:00 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
[quote=hisah]A gold backed yuan would shake down the dollar reserve story...

http://azizonomics.com/2...hinas-monetary-endgame/[/quote]
Beautiful...these are the sort of happenings that'll pull up Zimbabwe out the economic woods @ 5 times the pace and backed by its best friend, China. Laughing out loudly
hisah
#1364 Posted : Sunday, September 04, 2011 11:10:36 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Its ur decision...

http://www.youtube.com/watch?v=F44iDdS4Lns
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#1365 Posted : Monday, September 05, 2011 12:16:22 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Nacada bars closure ordercosts 15,000 waiters’ jobs
http://businessdailyafri.../-/10ekearz/-/index.html
GOD BLESS YOUR LIFE
Cde Monomotapa
#1366 Posted : Monday, September 05, 2011 3:31:39 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
[quote=youcan'tstopusnow]Nacada bars closure ordercosts 15,000 waiters’ jobs
http://businessdailyafri...-/10ekearz/-/index.html[/quote]
duh...nkt! @mututho n Co.
hisah
#1367 Posted : Monday, September 05, 2011 7:18:22 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Now we have CBs flight to Federal Reserve swaps heightened than during the Lehman Bros end of the world crisis... I wonder which banks cant access funds to cause CBs to access fed funds...
The German court ruling will decide if the bottom falls out and how swift the fallout will be...

http://www.telegraph.co....tops-Lehman-crisis.html



@cde- Meanwhile the uk securities office decides to copy FHFA in demanding info about RMBS sold in euroland. RBS, HSBC & Barclays will cringe at this request. A lot of skeletons will be exposed in the mortgage fraud now that it's becoming a global inquiry. I'm waiting to see how it plays out in Australia & Ching land.
This CDO biz is the largest ponzi ever...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1368 Posted : Monday, September 05, 2011 7:35:10 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Mmm...financial instruments that the originators forgot what they were about along the road. LoL! Time to pay up the bills.
Cde Monomotapa
#1369 Posted : Monday, September 05, 2011 7:43:34 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
What?? Ati Greece sees public debt @172% of GDP! Can countries be auctioned? I'd pay 10cts to the dollar for Greece Laughing out loudly
hisah
#1370 Posted : Monday, September 05, 2011 11:05:04 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
London session pre-open -

Eurostoxx down 2.05%
DAX index down 2.3%
FTSE 100 index down 1.6%
Italy 40 index down 1.94%

Let us see how the day closes with US session on holiday...


In Asia
KOSPI down 4.15% - remember naked short selling was banned in Aug, but this thing has been tanking endlessly...
HSI down 2.74%
China H-Shares down 3.73%

TASE 25 Index... down 1.15% following up yesterday's 4.39% losses. In Israel Sunday is a working day.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1371 Posted : Monday, September 05, 2011 11:11:57 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Saw Korea's trade surplus thinning. Are they net exporters or something? If so, that kinda hammering is permissble.
hisah
#1372 Posted : Monday, September 05, 2011 11:17:01 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Saw Korea's trade surplus thinning. Are they net exporters or something? If so, that kinda hammering is permissble.

Maybe the should flood SSA with tons of samsung flat screen TV and phones smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1373 Posted : Monday, September 05, 2011 11:22:30 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Saw Korea's trade surplus thinning. Are they net exporters or something? If so, that kinda hammering is permissble.

Maybe the should flood SSA with tons of samsung flat screen TV and phones smile

LoL! QoQ GDP numbers out later today. Last reading 0.8%, Forecast 0.7%
Cde Monomotapa
#1374 Posted : Monday, September 05, 2011 11:28:46 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Indonesia's Trade surplus down to 1.36B from 3.33B and ripped through a forecasted 1.8B Sad Western consumer spend appears to be in the tank. So I beg to ask...why is Brent above 100 dollars??
hisah
#1375 Posted : Monday, September 05, 2011 11:53:03 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Indonesia's Trade surplus down to 1.36B from 3.33B and ripped through a forecasted 1.8B Sad Western consumer spend appears to be in the tank. So I beg to ask...why is Brent above 100 dollars??

Oil iko na wenyewe...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1376 Posted : Monday, September 05, 2011 11:57:25 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Indonesia's Trade surplus down to 1.36B from 3.33B and ripped through a forecasted 1.8B Sad Western consumer spend appears to be in the tank. So I beg to ask...why is Brent above 100 dollars??

Oil iko na wenyewe...

Nkt! Their time is coming, infact, as of Q4.
the deal
#1377 Posted : Monday, September 05, 2011 2:53:35 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
I have an upcoming article to show how CBK fought and lost the interbank wars..and why the Shilling never went down despite interbank rates at 30%!
minto
#1378 Posted : Monday, September 05, 2011 4:11:35 PM
Rank: Member


Joined: 12/31/2006
Posts: 13
hisah wrote:
This CDO biz is the largest ponzi ever...


@hisah it would be unfair to label the whole CDO biz as a ponzi. Yes RMBS was the main driver for the 2008 global financial crisis. But remember there are also CLOs which are an important financial instrument used by markets. If the CLO market were done away with the financial markets would be in disarray as there would be no markets for issuers to obtain financing in the markets.

I work as a trustee and can tell you that we are still closing CLOs/CDO albeit with more restrictions and with investment managers been required to invest more in the equity/subordinated notes.

BTW....Your posts are very insightful. Continue the wazua spirit.
My two cents......
hisah
#1379 Posted : Monday, September 05, 2011 4:48:16 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
minto wrote:
hisah wrote:
This CDO biz is the largest ponzi ever...


@hisah it would be unfair to label the whole CDO biz as a ponzi. Yes RMBS was the main driver for the 2008 global financial crisis. But remember there are also CLOs which are an important financial instrument used by markets. If the CLO market were done away with the financial markets would be in disarray as there would be no markets for issuers to obtain financing in the markets.

I work as a trustee and can tell you that we are still closing CLOs/CDO albeit with more restrictions and with investment managers been required to invest more in the equity/subordinated notes.

BTW....Your posts are very insightful. Continue the wazua spirit.
My two cents......


How do you differentiate the hens from the foxes in the CDO market? The greed by global banks messed everything up that the whole thing become a financial blackhole. This is why we have gone nowhere since 2008. This CDO biz should be dismantled, those who will shutdown let them shutdown. Reset the system and the strong ones will pick up. As far as am concerned if I can't tell the hens from the foxes, then the thing is a fraud.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1380 Posted : Monday, September 05, 2011 4:50:03 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Euroland stocks still getting clobbered with a number down more than 3%...

http://www.forexpros.com/indices/indices-futures
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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