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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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"July has been particularly active in the protest movement. We witnessed the ousting of Mohammed Morsi on July 3rd, the Trayvon Martin demonstrations and Tunisian protests to wind up the month. Remarkably, the Trayvon demonstrations began on the anniversary of the Storming of the Bastille (July 14th). This was a turning point not only in French history but the world, marking the fall of the aristocracy, the end of feudalism and rise of Republicanism. The backdrop was an economic crisis, a disgruntled citizenry and an indecisive king (sound familiar?)..." Read more: http://www.scribd.com/doc/156323632/July-2013
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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France's Publicis and US firm Omnicom have announced a merger to create the world's biggest advertising company worth $35.1bn (£22.8bn). Omnicom chief executive John Wren and Publicis Groupe boss Maurice Levy are to become joint CEOs. Each firm's shareholders will hold about 50% of the new Publicis Omnicom Group. The firm will be listed in Paris and New York and will employ more than 130,000 people. http://bbc.co.uk/news/business-23483104
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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A very interesting read on the slowdown on the emerging economies "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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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Whats this with train accidents Spain, Swiss now Italy coach "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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JP Morgan Chase Scandle JP Morgan Chase & Co. (JPM) ripped off utility providers, and now they’re being forced to pay it back. Following a probe by the U.S. Federal Energy Regulatory Commission that found the company manipulated energy prices in California and the Midwest, the financial giant has agreed to pay over $410 million in fines. - See more at: http://www.equities.com/...dal#sthash.lIip5xj9.dpuf"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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Shell plans to sell at least four more oil blocs in Nigeria due to increasing crude theft, oil spills, community challenges and its inability to renew the licenses of some of the fields. http://allafrica.com/sto...html?aa_source=slideout
GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:JP Morgan Chase Scandla JP Morgan Chase & Co. (JPM) ripped off utility providers, and now they’re being forced to pay it back. Following a probe by the U.S. Federal Energy Regulatory Commission that found the company manipulated energy prices in California and the Midwest, the financial giant has agreed to pay over $410 million in fines. - See more at: http://www.equities.com/...al#sthash.lIip5xj9.dpuf
$410M is peanuts to JP Morgue. Another slap in the wrist punishment... $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&P500 and Dow still breaking record highs, oil still pricey, global econ still spluttering a recovery, geopolitics tense with many a citizenry challenging govts... This is one lethal cocktail... At some point reality will kick in as the music stops. Holding bad chips at that moment will get one fried badly. Taleb's Black Swan book comes to mind... Just one domino slip and toxicity smelts the markets... Deutsche bank with a crazy eye popping derivatives poop bag many times larger than ze Germany econ comes to mind... $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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Sober economics is badly needed globally. Many bad chips have to be let to die in order for healing to complete. The reality now points out frontier markets as the best place for capital flight...$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:Sober economics is badly needed globally. Many bad chips have to be let to die in order for healing to complete. The reality now points out frontier markets as the best place for capital flight... Very true...do you think we're ready to handle the $$ making its way here? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Nigeria GDP to overtake SouthAfrica by 2014???? I don't think so $262m vs $384m "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore .
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Rank: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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July 2013 Update"July would not go into the sunset without one final huurah. Tuesday 30th saw the sentencing of Bradley Manning, the US soldier accused of providing the WikiLeaks website with classified government files. Two days later, Russian government announced that it had granted Edward Snowden asylum for one year. Russia is increasing asserting herself on the world stage...." Read more: http://www.scribd.com/do...610883/July-2013-Update
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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An interesting breakdown of "Wealth, Income, and Power" in America (2010 figures) http://www2.ucsc.edu/who...erica/power/wealth.html
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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murchr wrote:hisah wrote:Sober economics is badly needed globally. Many bad chips have to be let to die in order for healing to complete. The reality now points out frontier markets as the best place for capital flight... Very true...do you think we're ready to handle the $$ making its way here? We can if we want to...if the will power is there the right structures will be put in place and the inflow of $$$ wont be a problem... possunt quia posse videntur
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Madagascar – the untold crisis http://www.unric.org/en/...ascar-the-untold-crisis
Madagascar Faces 'Silent Crisis' as Political Impasse Continues http://www.voanews.com/c...al-impasse/1706886.html
Madagascar: Measuring the Impact of the Political Crisis http://www.worldbank.org...of-the-political-crisis
This DJ made Madagascar worse GOD BLESS YOUR LIFE
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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HSBC has requested embassies and consulates around the world to close their accounts and transfer their funds to other banks within 60 days. The US State Department said 40 countries have been affected, 16 in Africa. The London-based bank said in a statement the missions which they consider ‘commercial customers’ are a risk because they fear the money can end up in a money laundering or drug cartel. In 2012, HSBC was issued over $2 billion in fines by the US State Department for holding assets connected to Iran, Libya, and Mexico’s drug rings. http://rt.com/business/h...lomats-bank-embassy-059/"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: Member Joined: 11/13/2006 Posts: 551 Location: Nairobi
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Wake Me Up When September is Gone"All indications are that we shall have an interesting September to say the least. It’s Groundhog Day again with the debt ceiling debate around the 30th of September fiscal-year end. Investors can only hope that they won't undergo the August 2011 debacle but with President Obama angling for an extra $1.6 trillion in taxes, the stage is set for a rumble..." Read more: http://www.scribd.com/do...-When-September-is-Gone
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Harare stocks clobbered post Mugabe reelection. Plunged 11% on day 1 and still sliding today. Mr Market is not amused by the election outcome. Will be a good buy if it collapses sharply like cairo stocks after Mubarak got kicked out. @cde - hope u got defensive. The snap back is strong since market was bullish on Mugabe's exit... http://www.bloomberg.com...ter-mugabe-victory.html ** Btw just noticed barclays zim stock on these 2 days has been hammered down 35%... Wow! SAB beer firm also clobbered hard. Actually all foreign owned firms are locked on the nosedive torpedo... Extreme selloff yet zim is not in war... Smell the fear.... $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 On moat mode considering the next move. The African way to view Zim's Indigenisation prog. is that of a process of "willing buyer, willing seller" that KE underwent in the 60s called Kenyanisation http://www.nation.co.ke/...-/iokkcsz/-/index.html. Secondly, the spook of the immediate return of the Zim dollar are baseless. Meanwhile, diplomatic recognitions are streaming in.
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