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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:youcan'tstopusnow wrote:Ceinz wrote:hisah wrote:
So let's see how long the Greek & Spanish PM can last the mile.
I thought Greece has a new PM, Lucas Papademos.  Yeah. G Pap is gone. Now it's L Pap  hisah is turning out to be quite The Sage Oh, I see that Greece has a new PM! Hmmm... He's a former banker, goodluck to Greece!
http://en.wikipedia.org/...rime_Minister_of_Greece
And a week later... Spain... If only Intrade had put up these trade bets...
http://www.marketwatch.c...1-11-20?link=MW_popular
Mariano Rajoy it is...
http://en.wikipedia.org/wiki/Mariano_Rajoy
There's a lot hitting the wires overnight US & euroland. Some rumours on Iran/Israel tensions (TASE 25 shed 2.6% yesterday to start the week), some euro exit talks, Egypt yet again back in the boiler room... In US the debt ceiling S&P downgrade rating may strike again due to this - http://www.foxnews.com/p...for-deficit-deal-fades/
Such restive times...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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hisah wrote:@Cnn - May be this will make it clear about the end game...  I still see a major dollar squeeze like during lehman's shock and awe period - euroland bond market is in bad shape regardless of ECB trying stick save the situation... http://www.nytimes.com/2...l?pagewanted=2&_r=1
@Nabwire - look up what Vanguard did with their loan to Rabobank... Thanks for this infographic, just goes to show that GS rules the world in totality!!! Just curious Hisah, since you hate GS so much, if you were offered a job there at an annual salary of $1,000,000 would you decline coz of social mores?? GS rules the world and I would give away my left kidney to be a part of the team Lets not get carried away, this crisis is a European one, I dont see any risk to US banks. The very fact that Vanguard pulled out shows that its Europe on fire this time, not the US, though I'm still bullish on Societe Generale.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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The logical thing to do would be to buy GS stock!!! If you cant beat them....
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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http://www.independent.c...ers-europe-6264091.html
Interesting that you chose not to paste the entire article. So basically if Europe collapses, so will GS. Can we say buying opportunity of the boldest investment firm???
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Rank: Member Joined: 3/23/2011 Posts: 304
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http://dealbook.nytimes....igerias-sovereign-fund/
Interesting read - A great initiative to avoid the resource curse our great continent has been under since.....any takes on how this will play out? Might be interesting to see how they go about since we "might" hit the black gold soon Point to note: these GS are everywhere  You dont have to be great to START but you have to start to be GREAT!!!!!!!!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Nabwire wrote:http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html
Interesting that you chose not to paste the entire article. So basically if Europe collapses, so will GS. Can we say buying opportunity of the boldest investment firm??? I posted the entire article here - http://www.wazua.co.ke/f...amp;m=239583#post239583
And no, even for a trillion dollars I wouldn't work for these banksters. I told you I was kicked out of school for going against the norm. My dislike for these banks is at an all time high if not parabolic yet! I don't see them getting far in the end and I'm sure in a few years time the world, not just a few people will shut them down. Just like the fed was shutdown by Jefferson and A. Jackson some hundred years back. I can see the snake has eaten its tail, it will be interesting...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Interesting to see that ABG (African Barrick Gold) will be listing in DSE. YTD it is down 15.08%. I wonder how many Tz guys will be able to afford the offer at the current price of £4.95/share approx 14K TZS or KES 770. http://www.africanbarric...estors/dse-listing.aspx - The listing is on Dec 7 2011. From the chart below, there is scope of the price testing £3.93 printed on June 16 2011. Those buying note this - Gold production is forecasted to peak in 2016, with production rising to 1.55 million ounces by 2012. Also note this is a TZ only affair Otherwise, you need to buy them at LSE (London Stock Xchange). http://uk.finance.yahoo....0;logscale=off;source
The price for USD used on the memorandum assumes USDTZS = 1530. Currently the the cross is trading at 1711. A diff of 13%. So it is cheaper to buy in USD. Memorandum - http://www.africanbarric...formation-Memorandum.pdf$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Indian rupee at all time lows vs USD. Interesting the way the dollar squeeze is hitting frontier & emerging markets. This reminds me of the crack on the rand. A lemon squeeze is on the cards. The final lap will be in euroland land where it is no longer a sovereign issue but also a banking squeeze most likely in Q1 2012. http://www.livemint.com/...ime-low-m.html?atype=tp
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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For those who think the Eurozone crisis won’t impact Kenya, the shareprice of Thomas Cook (one of the largest holiday organiser firms in Europe) is down 52% 30 minutes after FTSE opened on profit warning due to reduced number of holidaymakers... Sehemu ndio nyumba
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KE labour wars. Private sector KQ has been leading. Now I can see public sector with doctors demanding more and justified indeed. How much do Mpigs earn and is it justified?! 2011 is very restive globally & 2012 will see things intensifying as the same issues against the system spread out... http://www.nation.co.ke/...0/-/as8j3q/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Quite interesting here in Malaysia - http://www.indianexpress...war-crimes-trial/879278/$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Dow Jones. Interesting Volume analysis by EWI. 2009 - 2011 is a classic bear rally; volume down, index up...  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Hmmm... A protestor gives Obama a protest note... http://news.yahoo.com/bl...bama-note-201229558.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 10/14/2011 Posts: 661
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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CNBC Europe facing cash crunch... http://www.mediabistro.c...ng-a-cash-crunch_b99468
I can see Groupon aka grouponzi is now below its IPO price a few weeks after the float. Also PMI group files for bankruptcy. Mortgages have burnt it badly... In early asia, the oceanic land looks to continue the selloff overnight with mainland asia continuing until europe opens. Then NY session comes back to life after thanks giving day break. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Zerohedge mentioned in the media. This yr ZH has been mentioned too many a times. Is lame controlled media finally waking up... http://www.smh.com.au/bu...ent-20111123-1nuya.html
And the coming squeeze. On the fx thread I've suggested selling asian currencies (AXJ) in Q1 - Q2 2012 as euroland cooks up... http://www.smh.com.au/bu...eeze-20111123-1nuzc.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Eh , I think syria is about to be canned... Ching & Russia vetoed a UN sec resolution for no flyzone in syria this past Tuesday. Medvedev had some strong words yesterday on the same. This Iran & Syria issues are beginning to stink... http://english.ruvr.ru/2011/11/24/60934471.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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[quote=hisah]Eh , I think syria is about to be canned... Ching & Russia vetoed a UN sec resolution for no flyzone in syria this past Tuesday. Medvedev had some strong words yesterday on the same. This Iran & Syria issues are beginning to stink... http://english.ruvr.ru/2011/11/24/60934471.html[/quote] Here we go again! Doesn't america have enough problems of its own? GOD BLESS YOUR LIFE
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Tin hats all around: "The German government was unable to sell about 35pc of the €6bn (£5bn) 10-year bonds it offered to the market, getting just €3.9bn of debt away. The setback came as Fitch Ratings issued a warning that France’s AAA credit rating would be at risk should the crisis result in a sharper downturn in the country than currently envisaged." http://www.telegraph.co....ster-rocks-markets.html
Unfortunately, the the European Debt Crisis is causing LIBOR rates to inch upwards, already 66% higher than January. http://www.bloomberg.com...me-since-july-2010.html
Once LIBOR breaches, 0.53625% the next target could be 1.32%, 2.21%, 2.9% and 5.3% as the Debt Crisis deepens into 2012. So, those that borrow in $$$ will have a few rough quarters.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@KK - yep, a classic dollar squeeze is on the cards. I'm waiting to see how CBK will print USD??? Hmmm... Yemen's president resigned quietly after a deal at the house of saud. When this monarch finally folds, arab world will be truly free... http://www.guardian.co.u...3/yemen-president-quits
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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