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hisah
#4441 Posted : Wednesday, December 03, 2014 4:06:02 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
New U.S. oil and gas well November permits tumble nearly 40 percent

Quote:

Plunging oil prices sparked a drop of almost 40 percent in new well permits issued across the United States in November, in a sudden pause in the growth of the U.S. shale oil and gas boom that started around 2007.

Data provided exclusively to Reuters on Tuesday by industry data firm Drilling Info Inc showed 4,520 new well permits were approved last month, down from 7,227 in October.

The pullback was a "very quick response" to U.S. crude prices, which settled on Tuesday at $66.88 CLc1, said Allen Gilmer, chief executive officer of Drilling Info.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Ceinz
#4442 Posted : Thursday, December 04, 2014 6:30:26 PM
Rank: Veteran

Joined: 5/7/2009
Posts: 1,032
Location: Sea of Transquility
Stocks slide after Mario Draghi disappoints on QE
Link
“small step for man”
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Nabwire
#4443 Posted : Friday, December 05, 2014 5:13:24 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
On December 4th 2014, paradigm shift as America drops to #2!
http://finance.yahoo.com...-now-no-2-150936444.html
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Bozor
#4444 Posted : Monday, December 08, 2014 9:23:34 AM
Rank: New-farer

Joined: 11/23/2013
Posts: 17
Finally some good news. Thank you. Wonder if sasa the Chinese accent will become a thing to copy like the way every Kenyan seems to try their best to talk in an American accent, expcially the rich Kenyans.
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Nabwire
#4445 Posted : Tuesday, December 09, 2014 8:46:33 AM
Rank: Veteran

Joined: 7/22/2011
Posts: 1,325
I wouldnt say its good news, its a win for the Chinese government, but thats about it. The average Chinese citizen does not benefit from this coz the wealth gap is still quite huge in China. And the average American will not be affected by this in the near term coz an American is still better off than a Chinese. Lets not forget, something as simple as Facebook is still banned in China! Plus there are virtually no Americans living illegally in China, while there are alot of Chinese doing the same in the US. So this is just paper victory
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hisah
#4446 Posted : Wednesday, December 10, 2014 8:41:05 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Oil crashing, China leapfrogs US econ, but the world is still going round...

Hope guys are enjoying the santa rally. Btw CME just certified that the current santa rally continues till Dec 2015!

Central Banks' equities buying binge extend edition - http://tinyurl.com/kxjtaxo

Market meltup coming up when trading desks resume from vacation in Jan.

#KeepBuyingStocksTillTheMarketBlowsUp

**2015, Buy stocks, buy gold, sell treasurys** Yes, buy gold!? Thanks to the swiss gold referendum...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#4447 Posted : Wednesday, December 10, 2014 3:53:33 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
@KK this should be of great interest to you!

RBZ issues ‘centavo’ coins http://source.co.zw/2014...mbabwe-dollar-suicidal/

Zim, the land of monetary creativity smile
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hisah
#4448 Posted : Wednesday, December 17, 2014 6:49:37 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Russia Defends Ruble With Biggest Rate Rise Since 1998

Russia CB hikes rate by 650bps to 17% to stem the ruble crazy slide. Super hike like Ndungu in 2011 when KES was melting down.

Packing deposits in the weak oil nations will pay handsomely as CBs hike rates like mad men to stem their ccys from a meltdown. I'm sure a number of large funds (esp china, india and jap) have already spotted the opportunities. Russia has a low debt burden, oil and gas and now a 17% funding rate return. Fantastic! Well unless the ruble collapse another 20% from here.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#4449 Posted : Wednesday, December 17, 2014 7:48:34 AM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
BRICS bank. Pls let me Laughing out loudly Laughing out loudly

Russia will probably institute fx controls before end of this year
Sehemu ndio nyumba
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Mastermind
#4450 Posted : Wednesday, December 17, 2014 9:05:31 AM
Rank: Veteran

Joined: 1/25/2012
Posts: 1,624
Location: Langley
Mainat wrote:
BRICS bank. Pls let me Laughing out loudly Laughing out loudly

Russia will probably institute fx controls before end of this year

.... which works well in China and Ethiopia. Might fix the rouble.
If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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