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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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KOT - Kenyans on Twitter - www.cnn.com/2012/06/15/w...er-experiment/index.htmlThe internet is moving things. Didnt know about iHub  $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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JP Morgue still feeling the heat on trade bets gone horrid. Let them eat their humble pie http://www.bloomberg.com...o-surge-amid-unwind.html$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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With Greece on the brink of new elections, and the possibility of Greece leaving the Euro inching forward, we asked our Zintro experts how a Greek exit from the euro currency would effect the economies of Europe and impact global markets. Kinuthia Karanja, an investment consultant, says that the exit of Greece from the euro currency will be positive because the Hellenic state has been the weakest link. “As the clouds of the crisis clear (albeit temporarily), we could witness a run of the euro back to the 1.60 level versus the U.S. dollar. Greece itself will be unshackled from the euro currency that has been causing an appreciation of its sovereign debt commitments in nominal terms,” Karanja says. “A return to the drachma could see a quick resolution: devaluation, default, and a return to growth. During the 1931 Sovereign Debt Crisis, Britain was able to shake off the depression by abandoning the gold standard. The euro is acting as the modern day gold standard, forcing deflation and depression upon the heavily indebted euro zone nations.” What do you think? Read more: http://blog.zintro.com/2...ce-teeters-on-the-edge/
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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karanjakinuthia wrote:With Greece on the brink of new elections, and the possibility of Greece leaving the Euro inching forward, we asked our Zintro experts how a Greek exit from the euro currency would effect the economies of Europe and impact global markets. Kinuthia Karanja, an investment consultant, says that the exit of Greece from the euro currency will be positive because the Hellenic state has been the weakest link. “As the clouds of the crisis clear (albeit temporarily), we could witness a run of the euro back to the 1.60 level versus the U.S. dollar. Greece itself will be unshackled from the euro currency that has been causing an appreciation of its sovereign debt commitments in nominal terms,” Karanja says. “A return to the drachma could see a quick resolution: devaluation, default, and a return to growth. During the 1931 Sovereign Debt Crisis, Britain was able to shake off the depression by abandoning the gold standard. The euro is acting as the modern day gold standard, forcing deflation and depression upon the heavily indebted euro zone nations.” What do you think? Read more: http://blog.zintro.com/2...ce-teeters-on-the-edge/
Spartans dont need the euro and the banksters shackles to survive. Iceland is living proof. They should walk away and revert back to drachma. Euro would be spooked a bit, but I too expect it to mount a nasty rally back to 1.40 as the record short contracts get burnt by the vicious reversal that will come from the EU policy makers courtesy of Ze Germans.
Are you watching the German 10yr bund yields rout to multi year lows as well as negative yields on Swiss bonds. A major reversal is looming and that will send the euro flying like a stretched rubberband.
EURKES is my trade aiming 160/- 2013. $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&P GSCI index enters bear market. Commodities poised for more hammering going forward. Such index lows last seen in 2010!? www.bloomberg.com/news/2...us-as-oil-euro-drop.html$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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Moody's downgrades 15 major banks. Say whaat! http://www.bbc.co.uk/news/world-18542691
Bank of America, Citigroup, Royal Bank of Scotland, Barclays, HSBC, Lloyds, Goldman Sachs, Morgan Stanley, JP Morgan Chase, Credit Suisse, UBS, BNP Paribas, Credit Agricole, Societe Generale, Deutsche Bank and Royal Bank of Canada. GOD BLESS YOUR LIFE
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Still making $$$ with this indian rupee hammering. Selling asian currencies this year has been a good cash cow. Indian rupee is now poised to push past 60 vs $. Stocks, Oil Decline on U.S. Data as India Rupee Slumps to Record - http://www.sfgate.com/cg...5ZSSL1A74E901-M60C8.DTL
 $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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Greece vs. Germany, The Bailout Game! http://www.bbc.co.uk/news/magazine-18532321
GOD BLESS YOUR LIFE
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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With these indexes falling Obama's re-election is in jeopardy. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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Apparently the United States had the GREATEST growth at a period it had no central bank(19th Century). Now in the 21st century Hong Kong has had the greatest growth at a time it has had no central bank too. Conventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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