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Big banks to blame??
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Cde Monomotapa
#71 Posted : Friday, June 24, 2011 4:28:09 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Some of @Cde comments on Wazua would make Mugabe of Zimbabwe a Proud Mansmile Applause Applause

The struggle of our fore-runners, mau-mau et all, was for physical & political emancipation. The struggle of our time is that of economic & financial emancipation! So let us join hands fellow comrades & don't you relent!!
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erifloss
#72 Posted : Friday, June 24, 2011 8:10:03 AM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
Cde Monomotapa wrote:
erifloss wrote:
We are in a capitalist economy & when the bank i've invested in gives good returns, i'm happy no matter how they made it. Problem=regulator & not the banks. We borrow at over 13% & earn a mere 1% on deposits & we are still charged for the same. If the regulator wants they can go the China way or let us be.

The day u'll wake up & find the doors to ur bank closed u will regret ur words. An example, which isn't about financial failure but when were deep in PEV...ATMs went dry, banks were closed...that's where de-regulation of banks will lead us.


@cde, the problem is the regulator not doing its work till things go haywire. If only they could have kept a cap on inflation early enough. They knew we had drought & food was going to be imported & thus prone to speculation. They are still not telling us something.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
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  | | Edit by user: Friday, June 24, 2011 8:15 AM | Reason: Not specified
FUNKY
#73 Posted : Friday, June 24, 2011 11:17:54 AM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Surprising the $ is up today..the mean rate as at now is 91.35/-..I thought the dollar would have started to fall from today.
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young
#74 Posted : Friday, June 24, 2011 1:06:34 PM
Rank: Elder

Joined: 6/20/2007
Posts: 2,075
Location: Lagos, Nigeria



Where is the official list of the culprit banks ???
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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drake
#75 Posted : Friday, June 24, 2011 2:10:03 PM
Rank: Member

Joined: 8/8/2009
Posts: 170
jmbada wrote:
There is NO SUCH THING as "fundamentals" in the FX markets!


@ jmbana
quoting from baby pips:
"....Before you get carried away with [chart patterns].. remember that technical analysis is only half the story. To get the complete picture and avoid getting blindsided by economic data, you also have to do your fundamental analysis."

http://www.babypips.com/...ndamental-analysis.html
http://www.babypips.com/...t-art-june-22-2011.html

@ all
Perhaps you will recall a story last year about several hedge fund managers (incl. Soros) attending an "idea dinner" where shorting the Euro/ getting at the Euro vie Greece was discussed. Once it leaked, the Justice department opened investigations into the matter and the hedge funds beat a hasty retreat.

http://www.reuters.com/a...k-idUSN0311646820100304

Same difference..
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