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Fear on the Street: Inside the Stock Sell-Off
hisah
#151 Posted : Sunday, August 14, 2011 6:03:23 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Just chart the foodstamps vs M2 since 2007. It tells the US growth aka GDP story.

Foodstamps vs unemployment chart equals best lie detector of gubberment aka BLS figures.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#152 Posted : Sunday, August 14, 2011 10:18:00 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
And yet the effects of the austerity measures in the US a.k.a spending cuts are yet to be seen...FIRE IN THE HOLE!!
erifloss
#153 Posted : Sunday, August 14, 2011 12:01:28 PM
Rank: Member

Joined: 6/21/2010
Posts: 514
Location: Nairobi
Where we are headed to as a country is not good at all. We are at a point where if the govt through its various policy mechanisms & depts don't act fast then we will be the ones to blame. Its the time when the private sector & the govt should meet & map out a way coz both are losing big time.
Just the other day their was a biz i was planning to buy into as a going concern, i did the normal due diligence & grew disinterested due to the offer price. To cut the story short they had to slash the price by almost half & it was a bargain & they did this coz the biz debts were running extremely high & their access to funds was minimal & had no funds to expand the biz which truly has potential & is profitable & this just gave me a glimpse of how bad things are fast becoming.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
VituVingiSana
#154 Posted : Sunday, August 14, 2011 2:42:01 PM
Rank: Chief

Joined: 1/3/2007
Posts: 18,361
Location: Nairobi
Dissing the USA is easy to do... until it hits Kenya!

#2 or #3 source of visitors/tourists! If they stop coming... we are in big shit!

#1 for diasporan cash. I realized the importance of this cash about 5 years ago! Yaani, some Kenyans (relas of the diasporans) do NOT work! All they do is wait for the chapaa!

#1 provider of food aid. Watch the news & have a look at those bags of food or oil. "Donated by USAID" or "From the people of USA". It is sad that Kenya is a beggar but it is a beggar.

THANK YOU to the USA for telling kibaki & raila to can it in 2008. Let's not lie. John Kufuor was told to take a hike by kibaki. Ban Ki-Moon of UN was more interested in making sure UN folks were 'safe'. Kofi Annan was only able to do what he did AFTER the USA threw its weight behind him.

My fear is that until or unless Kenya can tap the Eastern market for tourists or trade, Kenya will remain an (indirect) appendage of the USA.

I do NOT want any more aid. Most of it gets stolen or used for SUVs & luxury lifestyles! Most of these 'aid workers' in Nairobi hang out at Junction or Westgate or Prestige!

BTW, the Easterners are far more racist than the Americans! And those waraabus. Well, you know the deal. Slavery is considered OK (& allowed) especially if you are non-muslim.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
brian mackenzie
#155 Posted : Tuesday, August 16, 2011 8:27:29 AM
Rank: New-farer

Joined: 1/17/2011
Posts: 26
Location: nairobi kenya
The irony of Americas and Europe's politics.If the US political crisis was in Kenya,we wold have received alot of noise from europe and US.Further analyse England's ban o live press reporting of the riots.Suppose we did that,we wouldnt hear the end of it.So the question is,who will stand up to these countries.If we wanted to go to war with Afganistan and Iraq and assuming tht the US werent hit,do you think they would av accepted it?Politics is only bad when decisions are made in developing countries,not that i like politicians because evidence shows that they are similar everywhere;greedy,narrow minded,crazy etc.Thats the reality of the world we life in today
brian mackenzie
#156 Posted : Saturday, August 20, 2011 11:19:32 AM
Rank: New-farer

Joined: 1/17/2011
Posts: 26
Location: nairobi kenya
Morgan Stanley warns that US, EU very close to recession:Morgan Stanley said Thursday that the United States and Europe are dangerously close to recession, blaming in part policy errors by authorities on both sides of the Atlantic.

The investment bank said a slow European response to the eurozone’s mounting sovereign debt problems and the US political battle over raising its debt ceiling had hit financial markets and eroded both business and consumer confidence.

“Our revised forecasts show the US and the euro area hovering dangerously close to a recession — defined as two consecutive quarters of contraction — over the next 6-12 months,” it said in a new report...
http://www.nation.co.ke/...very+close+to+recession/
youcan'tstopusnow
#157 Posted : Monday, September 05, 2011 12:24:52 AM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Company profits defy economic gloom:
You've seen all the headlines - Fears grow about eurozone debt, Growth slower than anticipated, Turmoil on the financial markets. So it's all tales of doom and gloom, right?
Not necessarily. At least not if you happen to be a big company. Despite all the concerns about the world economy, many corporations have still been recording large profits which, on the whole, have been much better than analysts had forecast...
http://bbc.co.uk/news/business-14617298
GOD BLESS YOUR LIFE
Cde Monomotapa
#158 Posted : Monday, September 05, 2011 3:27:30 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Those Co.s are making money in emerging markets hence, they aren't wholly dependant on the receeding US & Euro area.
youcan'tstopusnow
#159 Posted : Monday, September 05, 2011 8:13:10 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
European banks 'would not survive sovereign debt devaluations' http://bbc.co.uk/news/business-14786589
GOD BLESS YOUR LIFE
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