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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Warren Buffett ready for a stock market crash with a record $49bn in cash http://www.arabianmoney....-a-record-49bn-in-cash/
GOD BLESS YOUR LIFE
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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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A look at Berkshire’s Q1 2013 balance sheet shows QoQ equity allocation increased vs cash. This means they increased their equity exposure in Q1 2013 than in Q4 2012. $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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Oh my! KE in darkness - http://www.businessdaily.../-/2mepfmz/-/index.html
Quote:A nationwide blackout disrupted business Tuesday after the national interconnected grid and generating system tripped. Such a shame for this EA power house. A nation's power grid is being managed like a home!? Economy sabotage?! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:Oh my! KE in darkness - http://www.businessdaily.../-/2mepfmz/-/index.html
Quote:A nationwide blackout disrupted business Tuesday after the national interconnected grid and generating system tripped. Such a shame for this EA power house. A nation's power grid is being managed like a home!? Economy sabotage?! @deal posted the announcement on the Kenya Power thread. This company is just !@#$%^&* Useless "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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hisah wrote:Rand weakness back to GFC levels! What is Mr Market saying about SA...  This rand thing is going to get it in the chin. The SA GDP print today is very weak. The SA CB (SARB) will be forced to stimulate the econ and that means cutting the funding rate. Definitely USDZAR cross is heading past the 10 handle. I continue to remain long USDZAR until the SA econ shows signs of recovery. Meanwhile JSE is at all time highs. This divergence, weak rand, weak econ and bullish JSE is going to converge and JSE will take it in the chin just like that rand.$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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hisah wrote:A look at Berkshire’s Q1 2013 balance sheet shows QoQ equity allocation increased vs cash. This means they increased their equity exposure in Q1 2013 than in Q4 2012. Yeah, I read that in the comments. Still a massive arsenal or as Buffett prefers to call it, his 'elephant gun' GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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hisah wrote:hisah wrote:Rand weakness back to GFC levels! What is Mr Market saying about SA... This rand thing is going to get it in the chin. The SA GDP print today is very weak. The SA CB (SARB) will be forced to stimulate the econ and that means cutting the funding rate. Definitely USDZAR cross is heading past the 10 handle. I continue to remain long USDZAR until the SA econ shows signs of recovery. Meanwhile JSE is at all time highs. This divergence, weak rand, weak econ and bullish JSE is going to converge and JSE will take it in the chin just like that rand. Quote:PRETORIA—Grim economic figures released Tuesday sent South Africa's rand to fresh four-year lows, as officials searched for ways to boost the continent's biggest economy.
The rand fell to 9.80 to the U.S. dollar, its weakest position since March 2009, after South Africa's statistics agency said a marginal recovery at South Africa's strike-hit mines wasn't enough to offset a steep drop in manufacturing activity in the first quarter.
South Africa's economy expanded only 1.9% annually in the first three months of this year, the agency said, falling short of the 2.2% growth that many economists had forecast, according to Absa Capital, a South African subsidiary of Barclays PLC. I wonder how the JSE will react http://online.wsj.com/ar....html?mod=googlenews_wsj"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: 3/24/2010 Posts: 6,779 Location: Black Africa
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Chinese hackers have accessed designs for more than two dozen US weapons systems, a US newspaper has reported. http://m.bbc.co.uk/news/world-us-canada-22692778
Suspected US drone crashes in Somalia's Lower Shabelle http://m.bbc.co.uk/news/world-africa-22691991
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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NEW YORK (AP) — Calling it perhaps the biggest money laundering scheme in U.S. history, federal prosecutors charged seven people Tuesday with running what amounted to an online, underworld bank that handled $6 billion for drug dealers, child pornographers, identity thieves and other criminals around the globe. The case was aimed at Liberty Reserve, a currency transfer and payment processing company based in Costa Rica that authorities say allowed customers to move money anonymously from one account to another via the Internet with almost no questions asked. U.S. officials said the enterprise was staggering in scope: Over roughly seven years, Liberty Reserve processed 55 million illicit transactions worldwide for 1 million users, including 200,000 in the U.S. The network "became the bank of choice for the criminal underworld," http://newsok.com/7-char.../546661?custom_click=rss"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:NEW YORK (AP) — Calling it perhaps the biggest money laundering scheme in U.S. history, federal prosecutors charged seven people Tuesday with running what amounted to an online, underworld bank that handled $6 billion for drug dealers, child pornographers, identity thieves and other criminals around the globe. The case was aimed at Liberty Reserve, a currency transfer and payment processing company based in Costa Rica that authorities say allowed customers to move money anonymously from one account to another via the Internet with almost no questions asked. U.S. officials said the enterprise was staggering in scope: Over roughly seven years, Liberty Reserve processed 55 million illicit transactions worldwide for 1 million users, including 200,000 in the U.S. The network "became the bank of choice for the criminal underworld," http://newsok.com/7-char...546661?custom_click=rss
What a joke by the regulators...
It is in public domain that the likes of Stanchart PLC, HSBC etc have already been fined record amounts recently for participating in money laundering activities, drug money etc. Why are these banks still in operation yet Liberty Reserve has been shutdown? $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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AfDB to create large fund for African infrastructure investment - http://www.reuters.com/a...a-idUSL5N0E93UY20130528
Quote:The AfDB is financing around $8 billion, including $5 billion for the infrastructure projects in Africa, the adviser of the President of The AfDB, Youssef Ouedraogo said on the margin of the bank's annual assembly.
"There are many wealthy sovereign funds in Africa and among our members, so we will try to negotiate some interesting loans" he said.
The bank would get funds from Libya, which will become an active member, Algeria, Equatorial Guinea and Botswana. There we go, that sovereign funds keyword... $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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hisah wrote:murchr wrote:NEW YORK (AP) — Calling it perhaps the biggest money laundering scheme in U.S. history, federal prosecutors charged seven people Tuesday with running what amounted to an online, underworld bank that handled $6 billion for drug dealers, child pornographers, identity thieves and other criminals around the globe. The case was aimed at Liberty Reserve, a currency transfer and payment processing company based in Costa Rica that authorities say allowed customers to move money anonymously from one account to another via the Internet with almost no questions asked. U.S. officials said the enterprise was staggering in scope: Over roughly seven years, Liberty Reserve processed 55 million illicit transactions worldwide for 1 million users, including 200,000 in the U.S. The network "became the bank of choice for the criminal underworld," http://newsok.com/7-char...546661?custom_click=rss
What a joke by the regulators...
It is in public domain that the likes of Stanchart PLC, HSBC etc have already been fined record amounts recently for participating in money laundering activities, drug money etc. Why are these banks still in operation yet Liberty Reserve has been shutdown? Those are Too Big To Jail  GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote:hisah wrote:Rand weakness back to GFC levels! What is Mr Market saying about SA... This rand thing is going to get it in the chin. The SA GDP print today is very weak. The SA CB (SARB) will be forced to stimulate the econ and that means cutting the funding rate. Definitely USDZAR cross is heading past the 10 handle. I continue to remain long USDZAR until the SA econ shows signs of recovery. Meanwhile JSE is at all time highs. This divergence, weak rand, weak econ and bullish JSE is going to converge and JSE will take it in the chin just like that rand. USDZAR - cracks the 10.00 handle. JSE stocks still in utopia. The divergence will skin alive wanjikus there... Best hedge would be JSE gold index i.e. sell rand and shield in gold until the storm passes. $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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Getting some of this XUII. $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:hisah wrote:hisah wrote:Rand weakness back to GFC levels! What is Mr Market saying about SA... This rand thing is going to get it in the chin. The SA GDP print today is very weak. The SA CB (SARB) will be forced to stimulate the econ and that means cutting the funding rate. Definitely USDZAR cross is heading past the 10 handle. I continue to remain long USDZAR until the SA econ shows signs of recovery. Meanwhile JSE is at all time highs. This divergence, weak rand, weak econ and bullish JSE is going to converge and JSE will take it in the chin just like that rand. USDZAR - cracks the 10.00 handle. JSE stocks still in utopia. The divergence will skin alive wanjikus there... Best hedge would be JSE gold index i.e. sell rand and shield in gold until the storm passes. 
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KE MPs faceoff with GoK - www.businessdailyafrica....2/-/wdjwfuz/-/index.htmlI'm beginning to like the politics. When wolves eat each other, the goats benefit... $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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African infrastructure fund 'could reach $50bn' http://www.engineeringne...d-reach-50bn-2013-05-31
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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After the gold rush by Roubini - http://www.project-syndi...bble-by-nouriel-roubini
Gold is yet to hit that hated investment zone by investors for a proper bottom to kick in. But it's getting there. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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