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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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 $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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Mobile revolution, economy trip up tech giants - http://www.reuters.com/a...s-idUSBRE89I01M20121019
Quote:Mobile may be the future for technology, but even with the worldwide proliferation of high-powered devices like smartphones and tablets, some companies are struggling to maintain consistent revenue streams.
Earnings disappointments this week from Intel Corp, Microsoft Corp, Google Inc and AMD underscore how Silicon Valley, both the old guard and new, is struggling to profit from consumers' waning love affair with the stalwart PC and infatuation with mobile -- the most significant tectonic shift in the industry since the advent of the Internet.
That bodes ill for companies reporting next week that are highly leveraged to mobile advertising and services -- most famously Facebook Inc, which raised a tumult by warning about over-inflated expectations of its mobile business just before its seminal IPO. $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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PIMCO, the subsidiary of Allianz, which is the world's largest fixed income manager has penned an interesting take on the gold market. Recent developments in the European sovereign debt markets has proven a wake-up call for investors worldwide. Capital is seeking alternative assets: commodities, common stocks, corporate debt, technology and art. "For more than a millennium, gold has broadly managed to maintain its real value, even as various currency regimes have come and gone. The supply of gold is constrained, and we see demand increasing consistent with global economic growth on a per capita basis. Given current valuations and central bank policies, we believe investors should consider including gold and other precious metals in a diversified investment portfolio...." Read more: http://www.pimco.com/EN/...D-The-Simple-Facts.aspx
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Gold, like a marathon runner, has been on a year long rest and restitution phase after what has been a 12 year marathon. It is nestled between $1523 and $1923. A similar period was it's three attempts at breaching $1000 during the period spanning March 2008 and September 2009. Going forward, the "yellow brick road" to look forward to after $1923 are $2025, $2116, $2209, $2304, $2401, $2500, $2601, $2704, $2809 and $2916. "Gold has steadily advanced over the last 60 days from $1,600 to this morning’s $1,742. The IAU and GLD have been off to the races. Which is making some people a little nervous. For instance: “Can you comment,” a reader asks, “on what you think might happen to the price of gold if Romney gets elected?” I’ll tackle that question today in the course of examining some longer-term trends that will prove immune to whatever happens [checking the calendar] 25 days from now [thank God]. One of the most respected gold fund managers sees gold reaching for a new high inside the next 12 months. In his latest shareholder letter, Tocqueville Gold Fund chieftain John Hathaway bases that forecast on continued negative real interest rates: That is, as long as central banks push interest rates below the rate of inflation, gold performs well...." Read more: http://www.forbes.com/si...-recipe-for-12000-gold/
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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COLUMN-Africa: the next economic tiger - http://reut.rs/R8QSU2
Quote:By contrast, in the view of Stephen Jennings, the Renaissance chief executive, Africa is on a tear. "It is the only region in the world where growth is accelerating," he said by phone from Moscow. "If you strip out South Africa, the rest of the region is actually growing very, very quickly."
Jennings, who pointed out that Kenya had halved infant mortality in five years, an improvement it took India 25 years to achieve, predicts that within a generation, Africa's place in the world will be utterly changed. By 2050, he believes Nigeria will be the most populous country in the world and the African economy will be bigger than that of the United States and Europe combined. $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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IMF/WB this IMF/WB that. These BD articles are boring now. Who gives a hoot about what WB says? Kazi iendelee while WB wanapiga domo tu... www.businessdailyafrica....0/-/1ohlxqz/-/index.html$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:COLUMN-Africa: the next economic tiger - http://reut.rs/R8QSU2
Quote:By contrast, in the view of Stephen Jennings, the Renaissance chief executive, Africa is on a tear. "It is the only region in the world where growth is accelerating," he said by phone from Moscow. "If you strip out South Africa, the rest of the region is actually growing very, very quickly."
Jennings, who pointed out that Kenya had halved infant mortality in five years, an improvement it took India 25 years to achieve, predicts that within a generation, Africa's place in the world will be utterly changed. By 2050, he believes Nigeria will be the most populous country in the world and the African economy will be bigger than that of the United States and Europe combined. Is he being real? "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:hisah wrote:COLUMN-Africa: the next economic tiger - http://reut.rs/R8QSU2
Quote:By contrast, in the view of Stephen Jennings, the Renaissance chief executive, Africa is on a tear. "It is the only region in the world where growth is accelerating," he said by phone from Moscow. "If you strip out South Africa, the rest of the region is actually growing very, very quickly."
Jennings, who pointed out that Kenya had halved infant mortality in five years, an improvement it took India 25 years to achieve, predicts that within a generation, Africa's place in the world will be utterly changed. By 2050, he believes Nigeria will be the most populous country in the world and the African economy will be bigger than that of the United States and Europe combined. Is he being real? Yes! The 1st world will experience Japan style lost decade could be more as the debt bomb diffuses. The deleveraging period will see capital flight coming to mostly Africa's boom. I hope you'll still be alive to witness this reality show  $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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https://bitly.com/SKscSl
Germans, Venezuelans and now the dutch want their CB to be forced to say where their gold reserves are and their worth. Is this why CB's have become net gold buyers since 2010. Are CB's about to be caught with their hands in the cookie jar $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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US markets will be closed today due to hurricane Sandy. 9/11 also made the markets to be closed. http://www.telegraph.co....-since-September-11.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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http://www.baseresources.com.au/download/157/ - Local Equity Participation Regulations (Base Resources Ltd) - The gazette notice by KE ministy of environment on prospecting mining firms that they must involve local equity terms of 35% has hammered this stock today. Down 36%... http://www.bloomberg.com/quote/BSE:AU$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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Incomes of black South African households have surged 169 percent in a decade, but whites still take home six times more money 18 years into all-race democracy, a national census showed on Tuesday. Census 2011 put the country’s population at 51.8 million people, an increase of 6,950,782 since the 2001 count. Nearly eight in 10 people are black and less than one in 10 white. http://www.capitalfm.co....tes-still-ahead-census/
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:https://bitly.com/SKscSl Germans, Venezuelans and now the dutch want their CB to be forced to say where their gold reserves are and their worth. Is this why CB's have become net gold buyers since 2010. Are CB's about to be caught with their hands in the cookie jar Ecuador joins the list of nations asking for their gold reserves. That's nation number 4.
Watch out for the fireworks...
www.silverdoctors.com/ec...-of-13-of-gold-reserves/
$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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Hyundai, Kia face $775 million lawsuit over false fuel economy claims - http://www.reuters.com/a...8A705I20121108?irpc=932
Well those KE fellows that own the Elantra model, goodluck with fuel efficiency... $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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Argentine judge embargoes $19 billion Chevron assets - http://www.reuters.com/a...8A62AL20121108?irpc=932
Back in the 80s South Americans fought a great deal with most oil giant firms. Seems the spirit is back from 2010. Watch as the Argentine economy gets attacked by the oil honchos, hedge funds, and International Mothers & Fathers (IMF). You will see the headlines soon on debt defaults on bonds etc... But with S. America now more united, this will be a good fight. Remember Ecuador is asking for its gold reserves. Same country that gave Julian Assange asylum. Connect the dots... $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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President Obama has his work cut out for him. December 2012 marks the end of the Bush tax cuts and the beginning of tax increases and budgetary cuts. In the midst of the Great Recession, this would be akin to the conditions in Greece, Spain and Italy and has been referred to as the "fiscal cliff". "(CNSNews.com) - The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year--which means before the new Congress is seated--and that "extraordinary measures" will be needed before then to keep the government fully funded into the early part of 2013..." Read more: http://cnsnews.com/news/...e-reached-near-end-2012
"Nov. 7 (Bloomberg) -- Fitch Ratings warned that the U.S. may be downgraded next year unless lawmakers avoid the so-called fiscal cliff and raise the debt ceiling in a timely manner, while Moody’s Investors Service said it will wait to see the economic impact should the nation experience a fiscal shock..." Read more: http://www.sfgate.com/bu...17031.php#ixzz2Bc8jJesI
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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karanjakinuthia wrote:President Obama has his work cut out for him. December 2012 marks the end of the Bush tax cuts and the beginning of tax increases and budgetary cuts. In the midst of the Great Recession, this would be akin to the conditions in Greece, Spain and Italy and has been referred to as the "fiscal cliff". "(CNSNews.com) - The U.S. Treasury quietly warned at the end of a statement issued last Wednesday that it expects the federal government to hit its legal debt limit before the end of this year--which means before the new Congress is seated--and that "extraordinary measures" will be needed before then to keep the government fully funded into the early part of 2013..." Read more: http://cnsnews.com/news/...e-reached-near-end-2012
"Nov. 7 (Bloomberg) -- Fitch Ratings warned that the U.S. may be downgraded next year unless lawmakers avoid the so-called fiscal cliff and raise the debt ceiling in a timely manner, while Moody’s Investors Service said it will wait to see the economic impact should the nation experience a fiscal shock..." Read more: http://www.sfgate.com/bu...17031.php#ixzz2Bc8jJesI
Will this affect our market? Is this another Kenyan crash in the making? Or is it, our bull will turn to a bear?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oh dear Rwanda...  West must lift Rwanda aid freeze or risk crisis: AfDB - http://www.reuters.com/a...b-idUSBRE8A80OH20121109
Quote:Western donors must lift an aid freeze on Rwanda, imposed over its alleged support for Congo rebels, to avoid damaging its economy and causing a new crisis in the region, the head of the African Development Bank (AfDB) said.
Rwanda, which relies on donors for about 40 percent of its budget, has recorded robust growth rates in recent years on the back of increased investments and consumption.
But the Central African country's Finance Minister John Rwangobwa said last week the economy could take a hit after Washington, Berlin and other donors suspended some of their aid over accusations Rwanda was backing M23 rebels fighting in eastern Congo.
Rwandan President Paul Kagame denies the allegations.
Aid to Rwanda should resume "as soon as possible and that means yesterday," said AfDB president Donald Kaberuka who is Rwandan.
"The damage could be significant and the cost of recovery even higher," Kaberuka told Reuters in an interview on Thursday, adding the cutting of aid flows could create a crisis in the region.
"There is no reason whatsoever to create an economic crisis in the Great Lakes because that would impact on all the countries in the Great Lakes." The closest case to Kagame is Malawi's Mutharika... Watch this space for the econ hitmen have their tools of econ destruction on the loose $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 7/11/2012 Posts: 5,222
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hisah wrote:Oh dear Rwanda... West must lift Rwanda aid freeze or risk crisis: AfDB - http://www.reuters.com/a...b-idUSBRE8A80OH20121109
Quote:Western donors must lift an aid freeze on Rwanda, imposed over its alleged support for Congo rebels, to avoid damaging its economy and causing a new crisis in the region, the head of the African Development Bank (AfDB) said.
Rwanda, which relies on donors for about 40 percent of its budget, has recorded robust growth rates in recent years on the back of increased investments and consumption.
But the Central African country's Finance Minister John Rwangobwa said last week the economy could take a hit after Washington, Berlin and other donors suspended some of their aid over accusations Rwanda was backing M23 rebels fighting in eastern Congo.
Rwandan President Paul Kagame denies the allegations.
Aid to Rwanda should resume "as soon as possible and that means yesterday," said AfDB president Donald Kaberuka who is Rwandan.
"The damage could be significant and the cost of recovery even higher," Kaberuka told Reuters in an interview on Thursday, adding the cutting of aid flows could create a crisis in the region.
"There is no reason whatsoever to create an economic crisis in the Great Lakes because that would impact on all the countries in the Great Lakes." The closest case to Kagame is Malawi's Mutharika... Watch this space for the econ hitmen have their tools of econ destruction on the loose They are due for elections. They probably want Kagz out and a chunk of Rwanda's natural resources; which is alot on the said border.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Mukiri wrote:hisah wrote:Oh dear Rwanda... West must lift Rwanda aid freeze or risk crisis: AfDB - http://www.reuters.com/a...b-idUSBRE8A80OH20121109
Quote:Western donors must lift an aid freeze on Rwanda, imposed over its alleged support for Congo rebels, to avoid damaging its economy and causing a new crisis in the region, the head of the African Development Bank (AfDB) said.
Rwanda, which relies on donors for about 40 percent of its budget, has recorded robust growth rates in recent years on the back of increased investments and consumption.
But the Central African country's Finance Minister John Rwangobwa said last week the economy could take a hit after Washington, Berlin and other donors suspended some of their aid over accusations Rwanda was backing M23 rebels fighting in eastern Congo.
Rwandan President Paul Kagame denies the allegations.
Aid to Rwanda should resume "as soon as possible and that means yesterday," said AfDB president Donald Kaberuka who is Rwandan.
"The damage could be significant and the cost of recovery even higher," Kaberuka told Reuters in an interview on Thursday, adding the cutting of aid flows could create a crisis in the region.
"There is no reason whatsoever to create an economic crisis in the Great Lakes because that would impact on all the countries in the Great Lakes." The closest case to Kagame is Malawi's Mutharika... Watch this space for the econ hitmen have their tools of econ destruction on the loose They are due for elections. They probably want Kagz out and a chunk of Rwanda's natural resources; which is alot on the said border. Yep. And if Kagz makes a come back, that econ will be crimped seriously $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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