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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KOT - Kenyans on Twitter - www.cnn.com/2012/06/15/w...er-experiment/index.htmlThe internet is moving things. Didnt know about iHub  $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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JP Morgue still feeling the heat on trade bets gone horrid. Let them eat their humble pie http://www.bloomberg.com...o-surge-amid-unwind.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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With Greece on the brink of new elections, and the possibility of Greece leaving the Euro inching forward, we asked our Zintro experts how a Greek exit from the euro currency would effect the economies of Europe and impact global markets. Kinuthia Karanja, an investment consultant, says that the exit of Greece from the euro currency will be positive because the Hellenic state has been the weakest link. “As the clouds of the crisis clear (albeit temporarily), we could witness a run of the euro back to the 1.60 level versus the U.S. dollar. Greece itself will be unshackled from the euro currency that has been causing an appreciation of its sovereign debt commitments in nominal terms,” Karanja says. “A return to the drachma could see a quick resolution: devaluation, default, and a return to growth. During the 1931 Sovereign Debt Crisis, Britain was able to shake off the depression by abandoning the gold standard. The euro is acting as the modern day gold standard, forcing deflation and depression upon the heavily indebted euro zone nations.” What do you think? Read more: http://blog.zintro.com/2...ce-teeters-on-the-edge/
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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karanjakinuthia wrote:With Greece on the brink of new elections, and the possibility of Greece leaving the Euro inching forward, we asked our Zintro experts how a Greek exit from the euro currency would effect the economies of Europe and impact global markets. Kinuthia Karanja, an investment consultant, says that the exit of Greece from the euro currency will be positive because the Hellenic state has been the weakest link. “As the clouds of the crisis clear (albeit temporarily), we could witness a run of the euro back to the 1.60 level versus the U.S. dollar. Greece itself will be unshackled from the euro currency that has been causing an appreciation of its sovereign debt commitments in nominal terms,” Karanja says. “A return to the drachma could see a quick resolution: devaluation, default, and a return to growth. During the 1931 Sovereign Debt Crisis, Britain was able to shake off the depression by abandoning the gold standard. The euro is acting as the modern day gold standard, forcing deflation and depression upon the heavily indebted euro zone nations.” What do you think? Read more: http://blog.zintro.com/2...ce-teeters-on-the-edge/
Spartans dont need the euro and the banksters shackles to survive. Iceland is living proof. They should walk away and revert back to drachma. Euro would be spooked a bit, but I too expect it to mount a nasty rally back to 1.40 as the record short contracts get burnt by the vicious reversal that will come from the EU policy makers courtesy of Ze Germans.
Are you watching the German 10yr bund yields rout to multi year lows as well as negative yields on Swiss bonds. A major reversal is looming and that will send the euro flying like a stretched rubberband.
EURKES is my trade aiming 160/- 2013. $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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S&P GSCI index enters bear market. Commodities poised for more hammering going forward. Such index lows last seen in 2010!? www.bloomberg.com/news/2...us-as-oil-euro-drop.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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Moody's downgrades 15 major banks. Say whaat! http://www.bbc.co.uk/news/world-18542691
Bank of America, Citigroup, Royal Bank of Scotland, Barclays, HSBC, Lloyds, Goldman Sachs, Morgan Stanley, JP Morgan Chase, Credit Suisse, UBS, BNP Paribas, Credit Agricole, Societe Generale, Deutsche Bank and Royal Bank of Canada. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Still making $$$ with this indian rupee hammering. Selling asian currencies this year has been a good cash cow. Indian rupee is now poised to push past 60 vs $. Stocks, Oil Decline on U.S. Data as India Rupee Slumps to Record - http://www.sfgate.com/cg...5ZSSL1A74E901-M60C8.DTL
 $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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Greece vs. Germany, The Bailout Game! http://www.bbc.co.uk/news/magazine-18532321
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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With these indexes falling Obama's re-election is in jeopardy. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Apparently the United States had the GREATEST growth at a period it had no central bank(19th Century). Now in the 21st century Hong Kong has had the greatest growth at a time it has had no central bank too. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mnandii wrote:Apparently the United States had the GREATEST growth at a period it had no central bank(19th Century). Now in the 21st century Hong Kong has had the greatest growth at a time it has had no central bank too. Shhh! You blowing it for the CBs out there... Isnt it interesting how CBs try to justify their existence by promising price stability and economy smoothness, only to deliver the opposite with vigor?! CBs & Ponzinomics are one and the same. They need to be shutdown for good. $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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Who's making the scare money...? That's the big econ question. Is KE still refusing to host someone's jeshi base to date... www.standardmedia.co.ke/...omic-sabotage-over-alert$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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Again George Soros warns... Quote:But Mrs Merkel has so far rebuffed all proposals to help relieve Spain and Italy from the jump in their borrowing costs and has resisted allowing the European Central Bank (ECB) to step up buying of peripheral sovereign debt.
This, according to billionaire investor George Soros, poses a threat to the region's stability and threatens to turn a summit of leaders on June 28 in a 'fiasco'.
'Even if a fatal accident can be avoided, the division between creditor and debtor countries will be reinforced and the "periphery" countries will have no chance to regain competitiveness because the playing field is tilted against them,' he said in a Financial Times editorial today.
In an interview with RT, he added: 'Merkel has emerged as a strong leader. Unfortunately, she has been leading Europe in the wrong direction.'
http://www.dailymail.co....pe-wrong-direction.html
https://rt.com/business/...the-wrong-direction-660/$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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And waiting for this moment - https://rt.com/business/...bank-chief-crisisl-021/
The Lehman moment for Euroland... Many pigs will get slaughtered by the markets. Alessio Rastani - remember him... http://twitter.com/alessiorastani
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Thumbs up! "SUNDERLAND today announced the biggest shirt sponsorship deal in the club’s history. London-based oil company Tullow Oil are promoting the Invest In Africa initiative on the club’s strips for at least the next two seasons. And though both the oil company and the club did not want to be drawn over the exact figures of the deal, it marks a major investment in SAFC and is comfortably the biggest shirt sponsorship the club has been involved in..." Read more: http://www.sunderlandech...nsorship-deal-1-4677203
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Greek FinMin quits a few days after appointment. That must be a new guiness book record for quitting a job. Must have literally seen the hidden skeletons in the closet. www.independent.co.uk/ne...-in-the-job-7881209.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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Pension backed mortgage & REITs, I like what I'm seeing in KE. HFCK too... www.businessdailyafrica....8/-/w1p4cqz/-/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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Chile to join growing list of direct yuan swap trade partners. Asia, S.America & Africa are silently bypassing the petrodollar. Yep, a solid AAA rating http://news.xinhuanet.co...12-06/27/c_123334167.htm$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 3/20/2009 Posts: 348
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[quote=hisah]Chile to join growing list of direct yuan swap trade partners. Asia, S.America & Africa are silently bypassing the petrodollar. Yep, a solid AAA rating http://news.xinhuanet.co...2-06/27/c_123334167.htm[/quote] i wish kenya had enough exports to do the same but hopefully will come in 10 years if oil in turkana is commercially viable.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The Californian city of Stockton is set to become the largest US city to declare bankruptcy. http://www.bbc.co.uk/new...orld-us-canada-18605326
GOD BLESS YOUR LIFE
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