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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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youcan'tstopusnow wrote:Cde Monomotapa wrote:youcan'tstopusnow wrote:The UK government is expected to apologise to those tortured during the Mau Mau uprising in Kenya in the 1950s, the BBC understands. Compensation for the victims is also expected to be announced. http://m.bbc.co.uk/news/uk-22790037
Huh..good lawyers will get a settlement. Can you picture a full trial & a precedent? *whistles* That'll open a floodgate to ALL* former colonies   Every man for himself. Afrika hoyee! Apologies bro, got tenses wrong. I meant 'would have opened...'. Thus, this is a UK-KE duo score...
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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hisah wrote: Nikkei today slid by 1000+ points! Last time that happened was during that mega quake in March 2011. It is getting cranky... Japan’s Topix index slides 7%, as financial companies plunge amid rising bond yields - http://www.livemint.com/...in-afternoon-trade.html
2 weeks later nikkei is 3000pts plus down.$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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karanjakinuthia wrote:@Murchr. Capital is fleeing the clutches of the tax authorities in the Western World. Capital is fleeing banks in the Western World after the adoption of the Cyprus "bail-in" model. Capital is fleeing investment banks/banksters/untouchables in the Western World. Behold, London has taken over the mantle of Financial Capital of the World from the corrupt New York: https://en.wikipedia.org/wiki/Financial_centre
If the U.S. or U.K. authorities wish to get a hold of the identities of account holders, they just need to threaten to kick Kenya out of the S.W.I.F.T. system. murchr wrote:Secrecy Savannah: Is Kenya being Shaped into Africa’s Flagship Tax Haven?If anyone doubted the sheer scale of corporate power and the importance of tax havens to it, they had the unedifying spectacle of Tim Cook, CEO of Apple, to enlighten them last month. In already infamous evidence to a US Senate Committee, Cook demonstrated that the international tax system is broken and big corporations are the last people to fix it. He said outright that he won’t consider repatriating the staggering $100 billion they have hoarded offshore if it means paying standard US corporation tax. .... This time, the Corporation of the City of London is trying to expand its shadow economy into Kenya. The City of London and its ‘independent’ lobbying arm, CityUK, have been conducting high-level negotiations to help the country develop as an ‘International Financial Centre’. This may sound like a benign and even worthwhile activity. Kenya, after all, must develop, and being an International Financial Centre sounds like a good way of going about it. But what does being an “International Financial Centre” actually mean? Very interesting.
London threatened by plans to move Libor regulation to Paris - http://www.telegraph.co....egulation-to-Paris.html
Quote:Brussels has drawn up proposals to formalise regulation of a range of pricing structures, from the Libor inter-bank lending rate to benchmarks for oil and gold. Under the plan, Libor would come under the supervision of the European Securities and Markets Authority, which is based in Paris.
$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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The sky is not falling contrary to popular belief. Hedge fund managers & major investors are busy partying it up in the Hamptons following the recent rally. Its common knowledge that May & June are slow trading months on Wall Street, there is the saying that sell in May and go away. Basically its interns and juniors working right now, so I wouldn't use market performance at this time as a basis.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Jamie Dimon says investors should expect volatility in the coming weeks. It should be a rough ride ahead coz the Fed's QE is set to expire early next year as Bernanke retires as Fed chairman. Its gonna be tough without Bernanke, that's a scary thought coz the next Fed chairman will make or break the market. Obama better not disappoint us by hiring a dunzo, I wonder who is on his short list, I would guess Larry Summers.
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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When markets react negatively to low unemployment and positively to low production,you've got a problem.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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symbols wrote:When markets react negatively to low unemployment and positively to low production,you've got a problem. I'm not sure what you mean by this, the market was up because of the perception of the economy & housing picking up, but after Bernanke spoke, he did not succinctly say that QE will be extended, so there's speculation that they are winding it up. The market does not like uncertainty thus the volatility
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Rank: Elder Joined: 3/19/2013 Posts: 2,552
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Nabwire wrote:symbols wrote:When markets react negatively to low unemployment and positively to low production,you've got a problem. I'm not sure what you mean by this, the market was up because of the perception of the economy & housing picking up, but after Bernanke spoke, he did not succinctly say that QE will be extended, so there's speculation that they are winding it up. The market does not like uncertainty thus the volatility How I see it,the market wants a clear outlook but Bernanke was suggesting things might change if the economy is doing well.So high unemployment and low production is good for QE and good for rallies.Problem is,more debt,high unemployment and low production  How do you see it?
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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Oh nimekuelewa! As an investor I selfishly only care about increasing my bank account, so if Bernanke extends QE and it positively helps my stocks, I'm ok with that. I don't tend to worry about the bigger picture coz everything eventually falls into place. Like this article I was reading about how Bernanke is buying assets in banks hoping that with the cash the banks will have, it will spur lending thus stimulate the economy. I personally think Bernanke is a genius, 5 years ago people were against him but now the economy is on pace to recovery coz of him. Lets just hope the next person has the same strategy.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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By the way all that he said was he was rolling out open ended QE, my understanding of that is he will jump in and act if the economy needs stimulus, but if the economy is doing well, there will be no need for interfering thus no QE. That sounds like a contingency plan to me, which is great!
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