Wazua
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Yet again, US facing gubberment shutdown on Sept 30th... And you thought the August debt ceil hike was to last till Dec 2011... http://www.reuters.com/a...hner-idUSWEN861220110922$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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On Sept 7 the 1yr Greece bond yield was 85%. In 2 weeks time let us see how it is fairing...  Yap, a slamdunk knockout it is for this Hellenic nation with 1yr yield @134% - double your money in 1mth!? Who says Greece aint a fine investment... They will need to call upon the mighty Zeus to intervene here as they stare at abyss. This weekend might be a Lehman Sunday (Sept 15 2008)... Also take a look at the 2yr and 5yr yield curves... http://www.bloomberg.com...uote?ticker=GGGB2YR:IND
http://www.bloomberg.com...uote?ticker=GGGB5YR:IND
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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erifloss wrote:I don't think this twist thingy will work reason being its main objective is to make people borrow who seem to be averse to borrowing under the current low rates. Reality is QE3 has to be implemented for some movement to take place.
@nab, copying & pasting culprit is known though hisah is not the one. We also do need a doom & gloom guy who'll keep our optimism in check with reality.
Btw Bernanke has been one of the best fed chair so far; kept inflation at a low, treasury yields low, a kind of a stable dollar etc during a period that the markets underwent a recession & might be going through another, 2 wars, an Arab uprising, a debt of $14 trillion etc Thank you Erifloss on the Bernanke comment, this guy is very much underappreciated.  About Hisah, he does give insightful reviews, my only problem with him is he ends up being a newscaster/ doom prophet. One gets the impression that they should just sit out and wait while the world markets collapse. Every gloom situation he brings forth has potential to make money ( though I wouldnt touch Greece) It should be noted that during the GFC people like Nancy Pelosi made millions, just imagine GS was trading at $45. Now we are heading back in that direction, as investors we should be looking for good deals not just preaching that the sky is falling. I will lead by example, Moneygram is trading at $2.55, thats a great deal. Just about everyone uses Moneygram to wire money, plus Moneygram buys your cash at $X and sells it to your receiver at $X-2, thats a good profit margin. Most importantly, Goldman Sachs owns I think 29% of Moneygram, Im watching this stock carefully, will make a plunge in in October when the markets collapse.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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The economy is down but America's wealthiest are up, proving that it pays to be your own boss. Despite the stalled economy, the nation's wealthiest are worth a combined $1.53 trillion, nearly equivalent to the GDP of our neighbor Canada. Their total wealth is up 12% in the year through August 26, when we took a snapshot of everyone's net worth, meaning these affluent folks did slightly better than the markets; the S&P 500, for instance, was up 10% in that time. http://finance.yahoo.com...ml?mod=career-leadershipGOD BLESS YOUR LIFE
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Hehehe Wazua is getting funny I guess if you can't beat someone you better hate them....don't hate the player..hate the game!!! Just because u are in America it doesnt mean u know something...in fact u know nothing!!!
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Zambia poll: Riots in Kitwe and Ndola over slow results http://bbc.co.uk/news/world-africa-15019198
China's stake in Zambia's election http://bbc.co.uk/news/mobile/world-africa-14952240GOD BLESS YOUR LIFE
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Zambia poll: Riots in Kitwe and Ndola over slow results http://bbc.co.uk/news/world-africa-15019198
China's stake in Zambia's election http://bbc.co.uk/news/mobile/world-africa-14952240GOD BLESS YOUR LIFE
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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[quote=youcan'tstopusnow]Zambia poll: Riots in Kitwe and Ndola over slow results http://bbc.co.uk/news/world-africa-15019198
China's stake in Zambia's election http://bbc.co.uk/news/mo...e/world-africa-14952240[/quote] Sour grape BritiCH! Their clout in Africa is waning.....
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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That's sad from Zambia. Their copper commodity too has been hammered this month. Meanwhile G20, IMF & World bank pledge to support the prevention of the global recession storm. We're back to pledging, the last phase of surrender where countries engage in coordinated monetary support after CBs interventions flop. Last week 4 CBs (ECB, BOE, SNB & BOJ) opened swap lines with fed bank as things got snappy in euroland. The 2008 script is the same, just a slight different cast. An announcement is coming soon out of euroland & the bottom will fall out... I read this bblg article & I like the way the financial heads think it's all fine raping tax payer funds when banksters lose money. Utter BS considering the get bailed out & go back to gamble again & pay themselves hefty bonuses with the free tax money (bailout). For how long is humanity going to take to wake up & shutdown this system... http://bloom.bg/ooaBpp$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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[quote=youcan'tstopusnow] China's stake in Zambia's election http://bbc.co.uk/news/mo...e/world-africa-14952240[/quote] Bank of China in Zambia conducting yuan/RMB financial transactions. This country will be hammered financially by the money cartel before they know what hit them. Anyone who attempts to break off the dollar hegemony is not fancied. Gaddafi is the latest victim. For Iran they're not sure if that mad man has nukes otherwise his yuan & rubles trades makes them a target. A lot of these stuff is well documented & a quick shortcut is wikileaks. Nigeria's yuan swaps will also not go unnoticed as well as Maritius. Those econs will be fried at some point. SA too for courting ching masters is on the radar. The lucky part for these nations is the financial turmoil that is keeping the banksters occupied to their disbelief & dismay  $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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Quite interesting an argument on global stocks. http://swingforceultra.b...almost-time-for-qe4.html$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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Morgan Stanley & french banks... http://read.bi/qbFeEg$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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The Shilling has accomplished its first target of 98 to the U.S. Dollar despite interventions of the Central Bank of Kenya. This is a clear indication that the influences acting on the Shilling and other East African currencies are international. With the benefit of hindsight, we can see that most emerging market currencies have been hammered with the emergence of the Greek and wider European debt debacle. There is the possibility of the Shilling to re-test 82 to the U.S. Dollar, consolidate, then run away to 118 and 160. However, it seems unlikely in the short-term because the U.S. Dollar is strengthening versus major currencies.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Yeah the Brazilian real has lost abt 17% too, their CB sold fx swaps to shield it after yesterdays USD spike.
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Rank: Elder Joined: 11/28/2006 Posts: 1,799
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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U.S aulready in a Double Dip recession says Soro's http://thisismoney.co.uk...ouble-dip-recession.html
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Quote:The raft of disappointing economic data came as Soros predicted the breakup of the eurozone. The legendary financier described the crisis in Europe as ‘more dangerous’ than the collapse of Lehman Brothers.
He believes two or three of the small countries in the single currency bloc could default on their debts and quit the euro.
Asked if the US was at risk of a double-dip recession, the 81-yearold Hungarian-American said: ‘I think we are in it already.’ “small step for man”
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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karanjakinuthia wrote:The Shilling has accomplished its first target of 98 to the U.S. Dollar despite interventions of the Central Bank of Kenya. This is a clear indication that the influences acting on the Shilling and other East African currencies are international.
With the benefit of hindsight, we can see that most emerging market currencies have been hammered with the emergence of the Greek and wider European debt debacle.
There is the possibility of the Shilling to re-test 82 to the U.S. Dollar, consolidate, then run away to 118 and 160. However, it seems unlikely in the short-term because the U.S. Dollar is strengthening versus major currencies.
Yap, everything EM has taken it in the chin since July slid over...
http://bloom.bg/oeCCSD
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Don't forget the Fitch Warning----> Kenya to be Downgraded??? http://businessdailyafri...2/-/lasa6sz/-/index.html
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