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platinum seeker
#2101 Posted : Monday, January 30, 2012 6:46:26 PM
Rank: New-farer

Joined: 10/22/2010
Posts: 35
Location: Nairobi
Interesting article: http://www.pambazuka.org...category/features/79417

TRANSITIONS: END OF DOLLAR HEGEMONY AND THE NEW INTERNATIONAL FINANCIAL ARCHITECTURE.
China/Japan currency swap:
‘This decline of the dollar might take more than a decade, but it could happen even sooner if the US did not get its financial house in order. If China and other countries were to diversify their reserve holdings away from the dollar — and they eventually will — the United States would suffer. It would take a long time for the renminbi to become a reserve currency, but it could happen. The resulting downfall of the dollar may be only a matter of time.’

'China is beginning a move up the value chain into industries and jobs that were until recently considered the prerogative of the Western world. This is the real China challenge. It is not being produced by Beijing's currency manipulation or hidden subsidies but by strategic investment and hard work. The best and most effective response to it is not threats and tariffs but deep, structural reforms and major new investments to make the U.S. economy dynamic and its workers competitive.’
hisah
#2102 Posted : Monday, January 30, 2012 6:48:57 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Portuguese CDS is smoldering today. 5yr bond yield above 50%. Indeed competing with Greece on the race to the bottom. 4 months away before the boiler room turns portugreece....
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2103 Posted : Monday, January 30, 2012 7:19:00 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Wazuans are quite creative. Githae of the infamous wananchi can eat rats call back in 2009 doesn't fit as a treasury head. Re-rating the KE econ.

http://www.wazua.co.ke/f...&m=255199#post255199
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
youcan'tstopusnow
#2104 Posted : Monday, January 30, 2012 8:11:37 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Yes, how convenient that bwana Githae has taken up the post when the economy is in a rut...
GOD BLESS YOUR LIFE
hisah
#2105 Posted : Monday, January 30, 2012 10:11:22 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Some 'awesome' debt charts...


http://www.ftense.com/20...c-european-debt.html?m=1
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Ceinz
#2106 Posted : Tuesday, January 31, 2012 5:17:32 AM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
[quote=hisah]Wazuans are quite creative. Githae of the infamous wananchi can eat rats call back in 2009 doesn't fit as a treasury head. Re-rating the KE econ.

http://www.wazua.co.ke/f...amp;m=255199#post255199[/quote]

Interesting that you also peep at club sk's posts albeit not posting. Wazua is kinda an addiction.
“small step for man”
hisah
#2107 Posted : Tuesday, January 31, 2012 7:43:24 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://bit.ly/wdMqPD - GE upgrade KE office to regional hub for SSA. Something cooking. Need to start following this money now...

http://markmwangi.me.ke/...ine-and-dump-the-media/ - I can see someone else has got issues with lame stream media...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Scubidu
#2108 Posted : Tuesday, January 31, 2012 7:49:28 AM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
[quote=hisah]Some 'awesome' debt charts...


http://www.ftense.com/20...-european-debt.html?m=1[/quote]

Indeed 'awesome'. I guess that's why our CB stopped publishing our balance sheet. Look at the local ccys debt crisis we might face over the next two year and the fact that we breached our external debt ceiling last year. Why hide our level of indebtedness unless you can't explain why you incurred it.
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
hisah
#2109 Posted : Tuesday, January 31, 2012 3:00:48 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Greek football squeezed... The translation is not that good, but it passes the message.

http://babelfish.yahoo.c...n&btnTrUrl=Translate
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#2110 Posted : Tuesday, January 31, 2012 6:14:58 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
hisah wrote:
guru267 wrote:
@hisah what about when the crisis in Europe is finished and the 2012 politics in kenya is over and the rains bring harvest and the inflation rate goes back below 5% and the kshs is at 86bob to the USD...

How will your current critism of the new inflation formula as one of the causes of the current fall in the currency and rise in inflation sound then??


I expect another inflation model manipulation to reverse the trend since the damage done by the KES devaluation can only be hidden by such a move.


@Guru - Remember this conversation back in Oct 11 2011. And that is precisely what IMF is recommending and is well covered by the biz daily article published yesterday. Exactly 4 months later and the script unfolds as I expected. Freakonomics or ponzinomics is becoming too easy to predict. Very boring this game masters, we need to start throwing rotten tomatoes/eggs to get them off stage Eh? Sick

http://www.wazua.co.ke/f...amp;m=255188#post255188

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
543 Pages«<209210211212213>»
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