Wazua
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Fear on the Street: Inside the Stock Sell-Off
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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 I'm a businessman, not a superman (like @VVS) as ya'll whine about a weak KES, my wealth has appreciated 10%+ technically.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:@deal. If there was a vacancy in the cast of The Coconuts, u wouldn't even need to act. U'd be a natural  . Peace... U have company with @VVS 
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Rank: Chief Joined: 1/3/2007 Posts: 18,361 Location: Nairobi
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Cde Monomotapa wrote:Cde Monomotapa wrote:@deal. If there was a vacancy in the cast of The Coconuts, u wouldn't even need to act. U'd be a natural  . Peace... U have company with @VVS  My friend, it is easy to say mugabe, moi, kenyatta, museveni are 'patriots' when you benefit from their policies but 99% of Kenyans, Ugandans, Zimbabweans paid the price for economic rape... Museveni - I looked up to him. No more, after he pushed his prez for life agenda. I am closely watching Ian Khama & Paul Kagame. I hope they stay true to not becoming the typical corrupt african strongman. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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VituVingiSana wrote:Cde Monomotapa wrote:Cde Monomotapa wrote:@deal. If there was a vacancy in the cast of The Coconuts, u wouldn't even need to act. U'd be a natural  . Peace... U have company with @VVS  My friend, it is easy to say mugabe, moi, kenyatta, museveni are 'patriots' when you benefit from their policies but 99% of Kenyans, Ugandans, Zimbabweans paid the price for economic rape... Museveni - I looked up to him. No more, after he pushed his prez for life agenda. I am closely watching Ian Khama & Paul Kagame. I hope they stay true to not becoming the typical corrupt african strongman. Since they've "failed" we get white guys, right? 
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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The USD is a global reserve ccy. U should be ashamed @ ur statements.
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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@cde, a useless reserve ccy indeed. Russians are now calling the yanks world economic parasites, Chinese have just told the yanks too that the period of cheap debt is over(they hold the largest chunk of the debt). From where i stand its just but a matter of time that the BRICS push their new reserve ccy agenda through. USD is becoming a useless piece of paper. @deal, though the official US unemployment numbers stand at around 9.1%, with the new GOP/Dem deal the US economy is poised to cut around 1.6m jobs & economy tank by around 1.5%. Double dip recession is in the offing & by the precedent set in Sept 2008 fall of the DJ by over 700 points & the useless CDOs, the world learnt not to trust anything that comes out of the US & that for me makes it tricky coz of what is happening now. '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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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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I'm loving it, keep calling the US worthless remember just coz you call someone a name, does not necessarily mean they are that. The US still has the greatest economy, bar none. China may be a contender, but I doubt the real money holders will be willing to shift their reserves from the mighty dollar to the unpredictable yen. Then when people start inferring Russia and India, I stop listening, Russia lost the Cold war and has been bitter since. India, really????? CDE remember pride comes before a fall, an S&P downgrade may actually be good news, I still maintain that interest rates will not be raised, instead entitlement programs will be cut. Unless once again you mean Libor, that will be raised and banks will raise the rates to borrow but the Fed will not raise the rates. Next week should be interesting, I predict the Dow will hover in the high 900's by week end. Let the games begin!!!
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Rank: Member Joined: 6/21/2010 Posts: 514 Location: Nairobi
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@Nabwire, true the fed won't raise rates but the reality remains that the US economy is in real big shit. Doubts of the USD as a reserve ccy can be seen through the rise in gold & silver prices, fundies in the states are complaining that either their investors are fully pulling out & taking cash or going to the money markets but this was before S&P pulled a rag under the feds. Desperation is the game & as i see it the largest beneficiaries as of now will be emerging & frontier markets & mineral driven economies. Washington is now a major enemy of many including guys @wallstreet & with a looming election next year, well we are all living on the edge! '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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Rank: New-farer Joined: 3/14/2011 Posts: 31 Location: Nairobi
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China is now insisting that the US institutes painful measures such as cutting social spending. Is it not eerily reminiscent of the 1980s when the Bretton Woods institutions and the US pushed down the throats of the developing world the infamous Structural Adjustments Programmes (SAPs) that resulted in widespread poverty? We used to get regular doses of haughtily-delivered dressing downs about fiscal discipline etc. What goes around surely comes around! How the mighty have fallen...
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Fear on the Street: Inside the Stock Sell-Off
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