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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote: [quote=murchr] A New York City investment banker is dead after allegedly jumping from his apartment building, continuing an alarming streak of suicides that has descended upon the financial world. http://rt.com/usa/twelft...ide-finicial-world-634/[/quote] When the time comes, will the market equally prefer freefall just like these banksters...
How can a whole CB be caught rigging fx? BoE?
Confessions have never been bullish for markets. A sharp nosedive is coming... Confessions appear when money has been made. There's more than meets the eye here. "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Here we go. S&P downgrades Russia - http://www.bloomberg.com...a-widens-sanctions.html
Quote:Russia’s credit rating outlook was cut to negative from stable by Standard & Poor’s, which said the economy is threatened by Western sanctions over its annexation of Ukraine’s breakaway Crimea region.
S&P affirmed Russia’s ranking at BBB, the second-lowest investment grade. Such a boring lot these game masters have become. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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The ping-pong game continues, now Russia has issued sanctions of its own ofcourse dudes who would not want to be in Russia, am waiting to see the package he has for EU. Quote: --->Russia has “repeatedly” stressed using sanctions is a “double-edged thing” and it will have a “boomerang” effect against the US itself. I guess we are in for some show "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:#Bummer Now, the US is still reluctant to implement longstanding IMF/WB reforms on quotas & voting rights, and yet some more waiting time here. Smh... Brics bank will be ready in five years http://www.fin24.com/Eco...-in-five-years-20140225
Anyhu, Africa can take up the opportunity to roll out the Sovereign Wealth Funds, scale up the DFIs - AfDB, DBSA, EADB etc, ramp up Afreximbank & PTA Bank to counter-balance & provide timely trade & development finance sources for the Continent. Then again... GABORONE: Ambassador Lembede and his deputy, Minister-Counsellor Mthembisi Mjkikeliso, led a delegation of Ambassadors from the BRICS group of countries as they made a presentation to the media and other stakeholders in Gaborone last week. At the briefing, Anil Sooklal, BRICS Sous-Sherpa, announced the formation of the New Development Bank (NDB) to lead the bloc’s Africa engagement and finance infrastructure development projects in Africa. Sooklal said BRICS countries have resolved to forge stronger economic ties with Africa and avail much needed financing, at much cheaper rates, for infrastructure development projects in the continent. An initial capital layout of US$50billion would come from member states’ contributions. http://www.gazettebw.com/?p=7431
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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[quote=Cde Monomotapa][quote=Cde Monomotapa]Meanwhile in Zim: #155. MPS - 2014 "In this regard, we wish to advise exporters and the general transacting public that in addition to opening of accounts denominated in Botswana Pula, British Sterling Pound, Euro, South African Rand, United States Dollar, individuals and corporates can also open accounts denominated in the Australian Dollar (AUD), Chinese Yuan (CYN), Indian Rupee (INR) and Japanese Yen (JPY)." [Agro-Mineral Export base + Tourism to reckon with] Zimbabwe's Central Bank adopts the Yuan among 3 other Asian currencies http://www.youtube.com/watch?v=PAgDaAtYWCQ[/quote] Super Official.. Afreximbank tackles Zimbabwe’s financial sector liquidity challenges with new facility for trade finance banks http://afreximbank.com/a...sfinancialsectorli.aspx
A rejoinder on 'looking good on paper' as per the video, is that Zim despite its previous woes its financial & capital market infrastructure is pretty much still intact. The bankers there understand what to do with the grease (liquidity) and resumption of the interbank market. PS: As Nigeria’s Finance Minister Ngozi Okonjo-Iweala told this year’s World Economic Forum on Africa (2013): "We focus on FDI all the time. How about AIA — Africans investing in Africa." Cross-border African investment is set to accelerate as local firms seek new markets... http://www.bdlive.co.za/...ans-investing-in-africa
No Zero-sum game here, no sir! http://source.co.zw/2014...build-bullion-reserves/[/quote] OK. Keynesian in the house.. Mangudya new RBZ boss “Dr Mangudya is a Keynesian economist who believes in discretionary fiscal and monetary policies and in the rational expectations hypothesis.” He began his career in 1986 as an economist with the Reserve Bank until 1996 when he joined the African Export-Import Bank (Afreximbank) as regional manager in charge of Southern Africa. http://www.sundaymail.co...Itemid=130#.Uy5euO_IuSp
ION, Re-cap: Zimbabwe gets $100m Afrexim bank loan http://www.arabnews.com/news/544311
Next Attraction: The government has taken over the central bank's $1.35 billion debt and is seeking up to $200 million to capitalize the bank. Zimbabwe cuts mining fees as it seeks precious metal, energy boost - See more at: http://source.co.zw/2014...h.WtGcUiMI.NecHszqX.dpuf
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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From the Boss Lady herself. (Reuters) - International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she could to push reform at her organization and give emerging economies a bigger say without the support of the United States. IMF's Lagarde says can't do much about reform without U.S. support http://www.reuters.com/a...p;feedName=businessNews
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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(Reuters) - Quote:Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China.
The yuan suffered its biggest weekly drop against the dollar last week as policymakers try to flush out hot money from the market.
^^Why would policymakers do that?"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:From the Boss Lady herself. (Reuters) - International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she could to push reform at her organization and give emerging economies a bigger say without the support of the United States. IMF's Lagarde says can't do much about reform without U.S. support http://www.reuters.com/a...p;feedName=businessNews
This one and its sister, world bank, are outfits past their sell by date. I don't think they'll see another decade or two unless they're drastically reformed to fit the current time. $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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murchr wrote:(Reuters) - Quote:Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China.
The yuan suffered its biggest weekly drop against the dollar last week as policymakers try to flush out hot money from the market.
^^Why would policymakers do that? The easiest way to control a bubble burst is to crash the hot/fast money. GFC wouldnt have happened if subprime crazy speculation had been kicked in the teeth. The real estate and commodo hype in chingland has to be put off to avoid a GFC like scenario with the current defaults there.
Also when abenomics decided to kill the yen, it was a matter of time before the chingman would also weaken the yuan to protect exports. These days currency wars are real as CBs of top global econs compete at weakening their currencies.
Unlike the previous chingman regime, the current made it clear it would deal firmly with speculation. The days of easy trade, buy the yuan vs USD, are gone and worse now with the Fed tapering liquidity. There will be some serious yuan corp bond squeezing for those that came late to the party. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:murchr wrote:(Reuters) - Quote:Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China.
The yuan suffered its biggest weekly drop against the dollar last week as policymakers try to flush out hot money from the market.
^^Why would policymakers do that? The easiest way to control a bubble burst is to crash the hot/fast money. GFC wouldnt have happened if subprime crazy speculation had been kicked in the teeth. The real estate and commodo hype in chingland has to be put off to avoid a GFC like scenario with the current defaults there.
Also when abenomics decided to kill the yen, it was a matter of time before the chingman would also weaken the yuan to protect exports. These days currency wars are real as CBs of top global econs compete at weakening their currencies.
Unlike the previous chingman regime, the current made it clear it would deal firmly with speculation. The days of easy trade, buy the yuan vs USD, are gone and worse now with the Fed tapering liquidity. There will be some serious yuan corp bond squeezing for those that came late to the party. @murchr Also remember that Sino is alive to the fact that to internationalize the Yuan, they have to go free float mos mos. Especially now that it's high time to remodel into a consumer economy. Furthermore, they want in the "flight to safety" jingle. In all that, if Africa is smart, we can pitia kati kati and become the producer & manufacturer economies. When global money flows into Yuan bonds, Sino routes some to Africa and we invest in the hardware.
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Cde Monomotapa wrote:hisah wrote:murchr wrote:(Reuters) - Quote:Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China.
The yuan suffered its biggest weekly drop against the dollar last week as policymakers try to flush out hot money from the market.
^^Why would policymakers do that? The easiest way to control a bubble burst is to crash the hot/fast money. GFC wouldnt have happened if subprime crazy speculation had been kicked in the teeth. The real estate and commodo hype in chingland has to be put off to avoid a GFC like scenario with the current defaults there.
Also when abenomics decided to kill the yen, it was a matter of time before the chingman would also weaken the yuan to protect exports. These days currency wars are real as CBs of top global econs compete at weakening their currencies.
Unlike the previous chingman regime, the current made it clear it would deal firmly with speculation. The days of easy trade, buy the yuan vs USD, are gone and worse now with the Fed tapering liquidity. There will be some serious yuan corp bond squeezing for those that came late to the party. @murchr Also remember that Sino is alive to the fact that to internationalize the Yuan, they have to go free float mos mos. Especially now that it's high time to remodel into a consumer economy. Furthermore, they want in the "flight to safety" jingle. In all that, if Africa is smart, we can pitia kati kati and become the producer & manufacturer economies. When global money flows into Yuan bonds, Sino routes some to Africa and we invest in the hardware. Very interesting "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Israel closes embassies around the world as diplomats strike - http://reut.rs/1nSAYBt Quote:Israeli diplomats launched an unprecedented strike on Sunday, forcing the complete closure of embassies around the world as they escalated a dispute over pay, officials said.
The industrial action has already threatened to postpone a visit by Pope Francis to Israel planned for May - one of 25 trips by foreign officials affected by a work slowdown the diplomats began on March 5 when wage talks broke down. WTH is going on??? $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:Israel closes embassies around the world as diplomats strike - http://reut.rs/1nSAYBt Quote:Israeli diplomats launched an unprecedented strike on Sunday, forcing the complete closure of embassies around the world as they escalated a dispute over pay, officials said.
The industrial action has already threatened to postpone a visit by Pope Francis to Israel planned for May - one of 25 trips by foreign officials affected by a work slowdown the diplomats began on March 5 when wage talks broke down. WTH is going on??? I wonder how they were able to pull that off without the attempt being foiled "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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(Reuters) - Asian shares were in a defensive mode on Tuesday after Wall Street fell overnight, though still-vague hopes of a new stimulus plan in China could improve investor sentiment. U.S. Treasuries prices fell, with the benchmark two-year yield hitting a six-month high as investors grew nervous that the Federal Reserve may raise interest rates sooner than expected. Bond yields rise when prices fall. MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.1 percent as Australian shares fell 0.5 percent .AXJO, while Japan's Nikkei .N225 dropped 0.5 percent. http://www.reuters.com/a...al-idUSBRE96S00E20140325"There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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As confessions continue so will the defaults escalate... A debasement event is now a reality, not if, but when... China Faces ‘Mini Crisis’ on Debt Defaults, Ex-PBOC Adviser Says - http://bloom.bg/1msiE0m Quote:China is headed for a “mini crisis” in its local-government debt market as economic reforms lead to the first defaults, according to a former adviser to the People’s Bank of China.
There is no chance of a “Lehman episode” as China has a high savings rate and the central government’s debt is low as proportion of gross domestic product, he said. Really? No chance for a lehman event? Since when has gubberment told the truth  $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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IPOs should be priced this way - http://bit.ly/1glK4l7 Quote:The city commercial lender, located in North-East China, sold 3.02bn shares at HK$2.90 each, just above the bottom of the guidance range of HK$2.89–$3.33.
The final price values the lender at about 0.86x 2014 book value. I like the fear in HK and chingland at the moment as the defaults drama continues. Fat discounts coming up. Will likely shift from NSE20 to the 2 markets to grab the discounts. $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 shift in fund management. I'm looking forward to the death of the mutual funds or unit trusts or whatever names they go by. Been a long wait. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Here's another swipe at the "flight to safety" jingle  Jim O'Neill: BRICs, MINTs strong despite emerging market wobbles "Fed tapering is why the masses are exiting emerging markets but that's because they're all like sheep," O'Neill said. "Greed and fear are close cousins. People are in love with emerging markets one year, next minute they hate them." http://www.reuters.com/a...l-idUSBREA2O1CE20140325
#AKS ;-)
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Its $18Bn for Ukraine. The IMF goody bag "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Its $18Bn for Ukraine. The IMF goody bag Poop bag. IMF has never been a saviour. That nation will in future default...$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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