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Thiong'o
#4531 Posted : Tuesday, June 09, 2015 3:33:25 PM
Rank: Member

Joined: 10/14/2011
Posts: 661
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hisah
#4532 Posted : Sunday, June 14, 2015 8:48:08 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
IMF to Alexis Tsipras: 'Do you feel lucky, punk?'

This hellenic nation...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#4533 Posted : Sunday, June 14, 2015 9:44:36 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Interesting. IMF boss lady's Multilateralism catching on. Hehe..

Sino-LatAm production capacity cooperation to benefit EU-LatAm economic ties

http://news.xinhuanet.co...15-06/14/c_134324975.htm
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murchr
#4534 Posted : Friday, June 19, 2015 5:26:33 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980

"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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hisah
#4535 Posted : Sunday, June 21, 2015 5:58:28 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Tired of this euroland drama since 2010. This Hellenic nation should just default we move to the next episode.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#4536 Posted : Wednesday, June 24, 2015 6:31:01 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Nigeria Increases Foreign-Currency Curbs to Protect Reserves

Quote:
The Nigerian central bank banned importers from using the foreign exchange market for some goods in Africa’s biggest economy as it seeks to conserve external reserves and stabilize the naira.

Forty categories of goods ranging from private jets to rice, wheelbarrows and Indian incense are covered by the edict, according to a statement on the Abuja-based Central Bank of Nigeria’s website. It also stopped Nigerians from using the interbank market to buy Eurobonds and foreign shares. Importers or investors purchasing the listed items “shall do so using their own funds,” the regulator said.


This Naira is facing a serious hurricane!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#4537 Posted : Wednesday, June 24, 2015 7:52:16 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
Nigeria Increases Foreign-Currency Curbs to Protect Reserves

Quote:
The Nigerian central bank banned importers from using the foreign exchange market for some goods in Africa’s biggest economy as it seeks to conserve external reserves and stabilize the naira.

Forty categories of goods ranging from private jets to rice, wheelbarrows and Indian incense are covered by the edict, according to a statement on the Abuja-based Central Bank of Nigeria’s website. It also stopped Nigerians from using the interbank market to buy Eurobonds and foreign shares. Importers or investors purchasing the listed items “shall do so using their own funds,” the regulator said.


This Naira is facing a serious hurricane!


The shilling is heading there. Seems like they import a serious amount of Indian incense smile
"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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murchr
#4538 Posted : Sunday, June 28, 2015 8:30:53 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980


ATMs run out of cash

The Greek parliament has backed plans for a referendum on international creditors' terms for a new bailout.
The 5 July referendum was called by PM Alexis Tsipras, who opposes further budget cuts. He urged voters to deliver a "resounding 'no'" to the package.

Eurozone partners have criticised Greece's referendum announcement, and rejected its request to extend the bailout programme beyond 30 June.
Greece could default on a €1.6bn (£1.1bn) IMF repayment due on that day.

http://www.bbc.com/news/world-europe-33302526

"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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hisah
#4539 Posted : Monday, June 29, 2015 7:53:24 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:


ATMs run out of cash

The Greek parliament has backed plans for a referendum on international creditors' terms for a new bailout.
The 5 July referendum was called by PM Alexis Tsipras, who opposes further budget cuts. He urged voters to deliver a "resounding 'no'" to the package.

Eurozone partners have criticised Greece's referendum announcement, and rejected its request to extend the bailout programme beyond 30 June.
Greece could default on a €1.6bn (£1.1bn) IMF repayment due on that day.

http://www.bbc.com/news/world-europe-33302526


6 day bank holiday declared to avoid bank runs. Yes, the banks will remain shut for those 6 days with a 60 euro ATM withdrawal limit per day.

Obviously Hellena has defaulted on IMF as tomorrow's deadline will come and go without paying a dime. How is this not a default?
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr
#4540 Posted : Monday, June 29, 2015 8:01:53 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
murchr wrote:


ATMs run out of cash

The Greek parliament has backed plans for a referendum on international creditors' terms for a new bailout.
The 5 July referendum was called by PM Alexis Tsipras, who opposes further budget cuts. He urged voters to deliver a "resounding 'no'" to the package.

Eurozone partners have criticised Greece's referendum announcement, and rejected its request to extend the bailout programme beyond 30 June.
Greece could default on a €1.6bn (£1.1bn) IMF repayment due on that day.

http://www.bbc.com/news/world-europe-33302526


6 day bank holiday declared to avoid bank runs. Yes, the banks will remain shut for those 6 days with a 60 euro ATM withdrawal limit per day.

Obviously Hellena has defaulted on IMF as tomorrow's deadline will come and go without paying a dime. How is this not a default?


Pray
"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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