Rank: Elder Joined: 2/26/2008 Posts: 4,449
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Drunkard wrote:Sufficiently Philanga....thropic wrote:hisah wrote:Sufficiently Philanga....thropic wrote:Their economic crisis will be our blessing eventually here in Afica. Eventually, they will get their cash out of the vaults with zero returns and put it in virgin Africa for good returns! An economic crisis is global thus we will all suffer the same fate. The best route is debt forgiveness. Reset the system and remove the debt part. Why does money have to be debt. Self defeating system this... With their debt(US) at 100% of GDP,these folks are cooked for life! If u ask me, they will suffer more, than say, a maasai moran in the heart of Kajiado who is almost outside of the global financial and economic system!  It seems people far in Kenya are more worried about US economy than people within the American economic system. Don't get me wrong, it doesn't feel good to see the market going down day in day out, but note that like the article listed, US companies are sitting on record profits right now since they've realized that keeping few employeescan actually reduce the operating cost, so if you have a corporate job like I do, you just wait for bonus! I know for sure that I have more than 30 yrs before I retire so by the my retirement portfolio will be at the level I planned for. I do not think you appreciate the impact foreign investors specifically have on the NSE.
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