Wazua
»
Investor
»
Economy
»
Investors Lounge
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
hisah wrote:@cde - the yuan bombshell... http://www.currencycount...8CurrencyCountdown%2529
Meanwhile wall street is closed as US protestors occupy it... I think this week the fireworks show will be interesting... http://t.co/32ToQrc2
Quite interesting there is no media coverage on the ongoing wall street protest except on Al jazeera  The bull statue is being protected by cops. It might just get slaughtered by bears aka protestors before thanksgiving day... Some blogger has noticed the same about media blackout. How soon before we see copy/paste biz daily article... http://freeairclaire.wor...l-street-protest-91711/
Interesting stuff. Cheers. Double standards @ best.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
That Price Control Act was thankfully amended to add a consultative process btwn govt.and manufacturers sounds like another fuel pricing formula.
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
@Cde - I told you oil iko na wenyewe. During panic central last month I expected it to crash big time. It just sold some & huge volumes got in as it slid. That prevented a massive tanking. Expensive oil it is even with the reality that US is re-recessing again plus Europe & Greece & PIIGS looking to tell everyone 'Tuna default, poleni for buying our crappy bonds...' The whole system sucks & stinks to such an extent even flies have become sick by flying nearby this toxic mess. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Cde Monomotapa wrote:That Price Control Act was thankfully amended to add a consultative process btwn govt.and manufacturers sounds like another fuel pricing formula. Exactly... What's the point of having it if the foxes are involved drawing rules for the henhouse...?$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Soon & very soon the oil market will recieve its due correction that I know for a fact and this time stay cheaper for an extended period of time. The only way to prop it is a US Q.E 3 which will also provide further impetus to the Yuan's acceptability. Choose 1
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
hisah wrote:Cde Monomotapa wrote:That Price Control Act was thankfully amended to add a consultative process btwn govt.and manufacturers sounds like another fuel pricing formula. Exactly... What's the point of having it if the foxes are involved drawing rules for the henhouse...? The more things change, the more they remain the same an EAC slowdown is in order. An investor needs to be very specific with his choice of stocks. Regional businesses make a lot of $ense.
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Cde Monomotapa wrote:hisah wrote:Cde Monomotapa wrote:That Price Control Act was thankfully amended to add a consultative process btwn govt.and manufacturers sounds like another fuel pricing formula. Exactly... What's the point of having it if the foxes are involved drawing rules for the henhouse...? The more things change, the more they remain the same an EAC slowdown is in order. An investor needs to be very specific with his choice of stocks. Regional businesses make a lot of $ense. I am greatful for the ongoing public & private devt./infrastructure spend as that will keep the economy ticking and preserve jobs as we await a recovery in consumer spend once inflation subsides. SSA baby!!
|
|
|
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
|
Reading accounts of the Kweku Adoboli's work at UBS, its obvious that UBS ignores these trades unless losses are booked. Sehemu ndio nyumba
|
|
|
Rank: Veteran Joined: 4/30/2010 Posts: 1,635
|
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
FUNKY wrote:http://www.bbc.co.uk/news/business-14968090 Cheers. !! $60 crude !!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Cde Monomotapa wrote:FUNKY wrote:http://www.bbc.co.uk/news/business-14968090 Cheers. !! $60 crude !! Brent has to crash by another $59 to get your $60 oil. A tall order unless we have all PIIGS declare default together.
That would indeed feel like an abyss & we would all call upon that nutty priest of the May 26 2011 end of the world movement...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Wall street protests continue. When the Tunisia & Egypt protests started the numbers were small just like @ wall street. The same media pattern emerges, they ignore, then they notice, then the cover it, then they debate & twist it, then more protestors join... In short they advertise & recruit more people as they try to outdo each other for coverage viewership. Laughable to say the least. http://www.youtube.com/watch?v=rWoWZO3nqOY
http://www.guardian.co.u...street-financial-system
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Things are about to tip in euroland... http://www.reuters.com/a...20/idUSB9E7K102K20110920$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Veteran Joined: 11/21/2006 Posts: 1,590
|
Hisah-the quicker the EU can get to an endgame for Greece (allow to default either within EU or throw it out), the sooner things will become clearer for worldwide markets. CDE-I believe OPEC has now got the pricing game sorted i.e. it actually knows what price it needs to maintain for its members. That price is nowhere near $60. Sehemu ndio nyumba
|
|
|
Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
|
The Sword of Damocles that hangs over the globe is the sovereign debt crisis. Upon completion of the sideways pattern, the next target for gold is $ 2,304 an ounce. "European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market. The purchases are minuscule compared with the size of the global gold market, but highlight a remarkable turnaround from a wave of heavy selling by European central banks...." Read more: http://www.cnbc.com/id/44574537
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
karanjakinuthia wrote:The Sword of Damocles that hangs over the globe is the sovereign debt crisis. Upon completion of the sideways pattern, the next target for gold is $ 2,304 an ounce. "European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market. The purchases are minuscule compared with the size of the global gold market, but highlight a remarkable turnaround from a wave of heavy selling by European central banks...." Read more: http://www.cnbc.com/id/44574537
I'm waiting to see the WGC report for yr end 2011 to see how many more tonnes of gold were bought by Central banks esp in Asia and Latino region. Europe is yet to jump into the bandwagon like Asia, but the swiss guys might be the ones that start it with a gold backed swiss franc.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
Gold is surely giving paper money masters a nightmare... And now SNB is to face the music with this swiss referendum on no more gold reserve sells without public authorization... The recent swiss peg on the euro (EUR/CHF) @1.20 is about to be taken to the cleaners by Mr Market for the n+n times... http://translate.google....er_gold_1.12582094.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
hisah wrote:karanjakinuthia wrote:The Sword of Damocles that hangs over the globe is the sovereign debt crisis. Upon completion of the sideways pattern, the next target for gold is $ 2,304 an ounce. "European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market. The purchases are minuscule compared with the size of the global gold market, but highlight a remarkable turnaround from a wave of heavy selling by European central banks...." Read more: http://www.cnbc.com/id/44574537
I'm waiting to see the WGC report for yr end 2011 to see how many more tonnes of gold were bought by Central banks esp in Asia and Latino region. Europe is yet to jump into the bandwagon like Asia, but the swiss guys might be the ones that start it with a gold backed swiss franc. Sanctions buster indeed keep buying as we keep mining @Zim. What a pleasure to supply Western realities a.k.a fears at a premium 
|
|
|
Rank: Chief Joined: 8/4/2010 Posts: 8,977
|
IMF Cuts Global Growth Estimate, Says Europe May Worsen Outlook... http://www.bloomberg.com...-may-worsen-outlook.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
|
|
|
Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
|
|
|
|
Wazua
»
Investor
»
Economy
»
Investors Lounge
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|