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Cde Monomotapa
#1381 Posted : Monday, September 05, 2011 8:12:42 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
@ycsun..

Our foreign "friends" have began creating employment for themselves smile

World leaders have unblocked $15 billion in funds to help Libya’s victorious rebels rebuild their shattered country as fugitive strongman Muammar Gaddafi called for guerilla warfare.

French President Nicolas Sarkozy, the rebels’ most prominent backer from the outset, announced that billions of dollars in Libyan assets frozen abroad will now be unblocked.

“Around $15 billion have been immediately unfrozen ... we want to give back to the Libyans the money that was frozen and that was stolen from them,” he said.

http://www.businessdaily...6/-/u8xtx2z/-/index.html
erifloss
#1382 Posted : Monday, September 05, 2011 8:50:57 PM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
Obama is shooting from the hip. It seems he's setting up GOP and Congress for his Thursday employment speech. Lets wait and see though seems he might go for direct employment & tax cuts for the middle class. World markets are patiently waiting.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
Cde Monomotapa
#1383 Posted : Monday, September 05, 2011 9:51:25 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
erifloss wrote:
Obama is shooting from the hip. It seems he's setting up GOP and Congress for his Thursday employment speech. Lets wait and see though seems he might go for direct employment & tax cuts for the middle class. World markets are patiently waiting.

They should also couple it with fiscal discipline and stop wasting time @ that.
youcan'tstopusnow
#1384 Posted : Tuesday, September 06, 2011 12:52:34 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
@ycsun..

Our foreign "friends" have began creating employment for themselves smile

World leaders have unblocked $15 billion in funds to help Libya’s victorious rebels rebuild their shattered country as fugitive strongman Muammar Gaddafi called for guerilla warfare.

French President Nicolas Sarkozy, the rebels’ most prominent backer from the outset, announced that billions of dollars in Libyan assets frozen abroad will now be unblocked.

“Around $15 billion have been immediately unfrozen ... we want to give back to the Libyans the money that was frozen and that was stolen from them,” he said.

http://www.businessdaily.../-/u8xtx2z/-/index.html

*Sigh*
GOD BLESS YOUR LIFE
youcan'tstopusnow
#1385 Posted : Tuesday, September 06, 2011 1:12:10 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Elsewhere in the capital, black Libyans and other migrants are being arrested on sight and imprisoned by armed residents, rebel fighters and untrained officials who have assumed localised control of security in the wake of Muammar Gaddafi's defeat and disappearance. http://english.aljazeera...201191102134823327.html
"Once you're a black man, even the small boys oppress you,"
Tough Times Being Black in Libya!
GRACIAS NATO
GOD BLESS YOUR LIFE
hisah
#1386 Posted : Tuesday, September 06, 2011 6:43:46 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Syria, Yemen & Libya - Libya makes more biz sense to the military industrial complex... But I'd be uncomfy as NATO with Gaddafi on the lose. This is not over yet...

Meanwhile, Dexia, that Belgium bank that leeched on Fed bank the most back in 2008 during GFC, the CEO now resigns. Btw it started leeching again this yr. I guess this baby cannot stop suckling even after growing molars! Anyway been a good shorting stock this year.
The article below is translated so the english might read a bit drunk smile

http://translate.google....cleid%3DDMF20110905_145


$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1387 Posted : Tuesday, September 06, 2011 6:49:43 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Buck em'
hisah
#1388 Posted : Tuesday, September 06, 2011 11:14:01 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
So it not only the KE teachers on strike...

http://www.news.com.au/b...y-e6frfku0-1226130575492
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1389 Posted : Wednesday, September 07, 2011 5:54:03 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Greece gubberment bond 1yr yield @88.5%... I won't post the graph. It is very 'scary' to look at... Don't forget today is when Bundestag rules on German's bailout of Greece et al who somehow have run broke after trillions were pumped last yr by ECB.

@kizee1 & @scubidu will lavish that yield chart as well as other bond traders...

There's fire in the hole today in euroland... Global trading desks are antsy...

http://www.bloomberg.com...quote?ticker=GGGB1YR:IND
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#1390 Posted : Wednesday, September 07, 2011 7:11:15 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
88% in Euro terms then flip it back to KES smile... Hubba, hubba. The only question is will Greece be there 1yr from today? Laughing out loudly Laughing out loudly
Cde Monomotapa
#1391 Posted : Wednesday, September 07, 2011 7:21:41 AM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Or should I be more concerned about the existance of the Euro as a whole Laughing out loudly Laughing out loudly
hisah
#1392 Posted : Wednesday, September 07, 2011 12:38:53 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Euro rescue suits rejected by Bundestag... The fuse has been lit...

http://www.bbc.co.uk/news/business-14817440
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
cnn
#1393 Posted : Wednesday, September 07, 2011 12:57:59 PM
Rank: Veteran


Joined: 6/17/2009
Posts: 1,619
[quote=hisah]Euro rescue suits rejects by Bundestag... The fuse has been lit...

http://www.bbc.co.uk/news/business-14817440[/quote]
Outright rejection of Germany bailing out Eurozone members would have been worse.
Mainat
#1394 Posted : Wednesday, September 07, 2011 1:09:25 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Hisah- don't think the court had any choice-staring over a cliff. A rejection of Merkel's EU support would have harmed Germany in the long-term.

Still think Greece will capitulate
Sehemu ndio nyumba
Scubidu
#1395 Posted : Wednesday, September 07, 2011 2:33:21 PM
Rank: Veteran


Joined: 9/4/2009
Posts: 700
Location: Nairobi
[quote=hisah]Greece gubberment bond 1yr yield @88.5%... I won't post the graph. It is very 'scary' to look at... Don't forget today is when Bundestag rules on German's bailout of Greece et al who somehow have run broke after trillions were pumped last yr by ECB.

@kizee1 & @scubidu will lavish that yield chart as well as other bond traders...

There's fire in the hole today in euroland... Global trading desks are antsy...

http://www.bloomberg.com...uote?ticker=GGGB1YR:IND[/quote]

Hiii. Scary graph indeed. That's some premium. Locally our yields seem to be dropping today ... I'm happy.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
hisah
#1396 Posted : Wednesday, September 07, 2011 2:46:37 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@mainat - Greece will still crash. It is inevitable with such bond yields. The 10yr bond yield is now at 20% - a Euro era record! The 1yr yield is now @85%. Default coming soon...

@cnn - it doesn't matter whether the rejection was outright or partial. The decision itself says a lot. I don't think this euro experiment will last beyond 5yrs. The SNB 10% devaluation of the swiss franc in favour of euros yesterday points a lot to the desperation of maintaining the status quo against all odds... We no longer have free markets with CBs intervening in markets everywhere... Even in KE, CBK is intervening all the time... Broken markets this smile

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1397 Posted : Wednesday, September 07, 2011 9:22:20 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
And before I doze off, the Greek 1yr yield is now at 96.95%... Kaboom!

http://www.bloomberg.com...uote?ticker=GGGB1YR:IND - 1yr
http://www.bloomberg.com...uote?ticker=GGGB2YR:IND - 2yr
http://www.bloomberg.com...uote?ticker=GGGB5YR:IND - 5yr
http://www.bloomberg.com...ote?ticker=GGGB10YR:IND - 10yr
http://www.bloomberg.com...ote?ticker=GGGB30YR:IND - 30yr

But alas! Global stocks are rallying like nobody's business... Mr. Market being 100% himself...

November will be interesting...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
kenyainvestor
#1398 Posted : Thursday, September 08, 2011 12:54:54 AM
Rank: Member


Joined: 7/12/2011
Posts: 194
Italy and Spain pass austerity measures: http://english.aljazeera...09/2011972097227217.html
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hisah
#1399 Posted : Thursday, September 08, 2011 7:24:05 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
[quote=kenyainvestor]Italy and Spain pass austerity measures: http://english.aljazeera...9/2011972097227217.html[/quote]

Greece did the same last yr, remember... Then a $1 trillion package was put up in euroland to prevent other EU member states from getting their bug. But alas! We are back again to the same spot & worse of...

Boring game this since 2008... This show needs to end for the episodes are too predictable if not the same...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#1400 Posted : Thursday, September 08, 2011 7:51:37 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
@Cde will like this - http://bit.ly/mOrns5
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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