Ambani buys 10 prime plots in high end Nairobi estates

Indian tycoon, Mukesh Ambani, has deepened his investment in Nairobi’s real estate sector with the acquisition of 10 prime plots valued at Sh2.9 billion that are to be used for commercial and residential development.

The plots and ongoing development projects are jointly owned by Mr Ambani’s Reliance Industries and Delta Corp East Africa Limited (DCEAL)

Its ironic how these theories become mainstream news.I want to see the reaction from Americans and world governments.

Send in the clowns. No wait - they're already here!

"Despite record unemployment in the continent, anemic growth at best and a manufacturing sector in contraction, French President Francois Hollande said this weekend that the euro zone crisis is over.

"What you need to understand here in Japan is that the crisis in Europe is over," he told an audience of business leaders organized by the Nikkei media group in Japan on Saturday...."

Read more:

http://www.cnbc.com/id/100801704

Journalist unions call media strike to protest ERT closure as employees continue broadcasting - http://ekathimerini.com/...te1_1_12/06/2013_503983



2013 is not yet half way, but the drama from cyprus and the rest is a lethal cocktail (spain, italy, greece, turkey, egypt, n.korea, NSA leaks, record fines for global banks etc)...

[quote=murchr]Warren Buffett, who has been a cheerleader for U.S. stocks for quite some time, is dumping shares at an alarming rate. He recently complained of “disappointing performance” in dyed-in-the-wool American companies like Johnson & Johnson, Procter & Gamble, and Kraft Foods.

In the latest filing for Buffett’s holding company Berkshire Hathaway, Buffett has been drastically reducing his exposure to stocks that depend on consumer purchasing habits. Berkshire sold roughly 19 million shares of Johnson & Johnson, and reduced his overall stake in “consumer product stocks” by 21%. Berkshire Hathaway also sold its entire stake in California-based computer parts supplier Intel.

With 70% of the U.S. economy dependent on consumer spending, Buffett’s apparent lack of faith in these companies’ future prospects is worrisome. Unfortunately Buffett isn’t alone.

http://www.moneynews.com...E=1393F-1#ixzz2VtRkwaXJ[/quote]


I hope I am wrong but this is just alarmist! The article talks about how the 3 are selling "their stocks" but it doesn't say what percentage of their portfolio these stocks hold, and it doesn't say what they are doing with their funds, kinda hard to believe that they would put their money under the mattress. Its a known fact that Buffett only invests in US stocks, so if this article was to be believed, where is he then putting his funds? Then I know for a fact Paulson just bought a big chunk of FNMA and FMCC preferred shares. They may have sold their consumer stocks but it doesn't mean they sold off all their stocks.

Now trading below BoJ stimulus announcement level. Hopium has run out at the nikkei party as the entire euphoria rally is retraced in half the time it took to rally to the top out @16000.

Still on gov bonds.

Emerging market bond anxieties surging by most since the Lehman Bros failure - http://www.bloomberg.com...by-most-since-2008.html

The gov bonds bloodbath going global won't be funny for fin markets. So far the BRICs currencies except the controlled yuan and most emerging nation currencies have lost heavily against the USD this year signalling these anxieties.