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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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China to Allow Direct Conversion Between Yuan and Swiss Franc Quote:China took another step to boost the yuan’s global usage, saying it will start direct trading with the Swiss franc, as the nation pushes its case for reserve-currency status at the International Monetary Fund. http://www.bloomberg.com...een-yuan-and-swiss-franc
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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http://www.zerohedge.com...y-europes-latest-crisis
A snapshot of the Eurozone crisis. Country by country breakdown. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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http://www.bloomberg.com...s-losing-inflation-grip
The mess being fanned by ECB's monetary policy. The Paris attack makes an already bad situation worse specifically with regard to the refugees' plight. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Africa urged to counter global shocks by using own DFIsQuote:The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, has said that Africa can minimise how much it is affected by global shocks by taking advantage of the services and programmes available from strong African multilateral development finance institutions like the African Export-Import Bank (Afreximbank). According to a statement by Afreximbank on Monday, Dr. Njoroge told the final session of the 15th Afreximbank Structured Trade Finance Seminar in Nairobi that the continent’s over-dependence on external financing sources made it vulnerable to such shocks. http://en.starafrica.com...s-by-using-own-dfis.html
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Interesting interview/video. Intra-Africa trade, Infrastructure, Geo-positioning, South-South Mvt. and more.. Afreximbank President Dr. Benedict Oramah talks about financing Kenya Airways https://www.youtube.com/watch?v=LzwKbNzbdMU
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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lochaz-index wrote:http://www.bloomberg.com/news/articles/2015-11-10/europe-s-quiet-currency-war-besets-nations-losing-inflation-grip
The mess being fanned by ECB's monetary policy.
The Paris attack makes an already bad situation worse specifically with regard to the refugees' plight. The euro thrived when the border were removed. Now the borders are being closed. Free trade movement kaput. Capital flight to continue piling in the USD. ECB QE will also shred the euro strength. The euro will likely get weaker than 80cts to the USD. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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hisah wrote:lochaz-index wrote:http://www.bloomberg.com/news/articles/2015-11-10/europe-s-quiet-currency-war-besets-nations-losing-inflation-grip
The mess being fanned by ECB's monetary policy.
The Paris attack makes an already bad situation worse specifically with regard to the refugees' plight. The euro thrived when the border were removed. Now the borders are being closed. Free trade movement kaput. Capital flight to continue piling in the USD. ECB QE will also shred the euro strength. The euro will likely get weaker than 80cts to the USD. Indeed. At some point this Eurozone arrangement is going to be a serious handicap to all its proponents. Right now only the weaklings are feeling the brunt. http://www.bloomberg.com...ing-makes-sense-anymore
A broken system in the developed market economies and a hapless market trying to find its way around the madness. Things are upside down. The bond market may be looking forward to a credit event on the sovereign front. The main event may not be that far out after all. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Alibaba's Jack Ma Calls For E-WTO, Third World War Against PovertyQuote:"Trade is a freedom, trade is a human right," Ma said at the APEC CEO Summit in Manila. "We think we should build up a new E-WTO or WTO 2.0. The past 20 years WTO helped big companies. The next 20 years we should use E-WTO to support the small guys. The small guys are the most innovative companies."
Ma said that Alibaba, China's biggest e-commerce company, is what enables handicrafts makers in Africa to sell to customers in China. He said it is the third big technological change in about 100 years, following factories and companies, and could do more than enable trade.
"We should have a Third World War against poverty, climate change and disease."
"The WTO was an agreement between governments," he said. "I think a real trade treaty should be an agreement of business. Business agrees, government follows. If the governments agree [first], because of political reasons, because the governments hate each other, all the business goes nowhere. That's why we've been waiting for Doha Round for so many [years]. When I was a boy I heard about WTO. Now I'm still waiting for the results." Cc. Amb. Dr. A. Mohamed http://www.ibtimes.com/a...-against-poverty-2189475
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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How to lose half a trillion eurosQuote:ON JUNE 16th something very peculiar happened in Germany’s electricity market. The wholesale price of electricity fell to minus €100 per megawatt hour (MWh). That is, generating companies were having to pay the managers of the grid to take their electricity.
The decline of Europe’s utilities has certainly been startling. At their peak in 2008, the top 20 energy utilities were worth roughly €1 trillion ($1.3 trillion). Now they are worth less than half that (see chart 1). Since September 2008, utilities have been the worst-performing sector in the Morgan Stanley index of global share prices. In 2008 the top ten European utilities all had credit ratings of A or better. Now only five do.
The rot has gone furthest in Germany, where electricity from renewable sources has grown fastest. The country’s biggest utility, E.ON, has seen its share price fall by three-quarters from the peak and its income from conventional power generation (fossil fuels and nuclear) fall by more than a third since 2010. At the second-largest utility, RWE, recurrent net income has also fallen by a third since 2010. As the company’s chief financial officer laments, “Conventional power generation, quite frankly, as a business unit, is fighting for its economic survival.” This trend is going global... Take note. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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Interesting turn of events, Turkey shoots down a Russian jet, the price of oil goes up, the dollar goes down..... "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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murchr wrote:Interesting turn of events, Turkey shoots down a Russian jet, the price of oil goes up, the dollar goes down..... Sideshow. Keep an eye on the dollar pegs instead (USD/yuan and USD/riyal). This is where the real war will be fought. Commodities are yet to crash!!
Fed rate hike will cause a lot of pain to any USD peg. Those pegs will all break down. Liquidity will evaporate fast. Markets will go bidless!
A black swan environment is already ripe! What will be the black swan(s)?$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 5/25/2012 Posts: 4,105 Location: 08c
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 Pesa Nane plans to be shilingi when he grows up.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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hisah wrote:murchr wrote:Interesting turn of events, Turkey shoots down a Russian jet, the price of oil goes up, the dollar goes down..... Sideshow. Keep an eye on the dollar pegs instead (USD/yuan and USD/riyal). This is where the real war will be fought. Commodities are yet to crash!!
Fed rate hike will cause a lot of pain to any USD peg. Those pegs will all break down. Liquidity will evaporate fast. Markets will go bidless!
A black swan environment is already ripe! What will be the black swan(s)? I am a skeptic so I still don't buy into this hiking vibe. Why would the fed want to be the obvious fall guys for a drastic economic downturn aka depression? That said, I would really like them to hike the damn thing...the financial chaos that would spring out of it would be awesome. It will be a case of 'everyone for himself and God for us all'. And it's about time things got interesting anyway. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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“But those who believe in Europe, its values, its principles and its freedoms, must try to breathe new life into the spirit behind Schengen. "If the spirit leaves our hearts, we will lose more than Schengen. A single currency does not exist if Schengen fails. It is not a neutral concept. It is not banal. It is one of the pillars of the construction of Europe." EU president talking of collapse of the euro. Angela Merkel talking tough and flogging a dead horse. She will fail miserably. http://www.telegraph.co....Jean-Claude-Juncker.htmlThe main purpose of the stock market is to make fools of as many people as possible.
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Rank: Member Joined: 7/1/2014 Posts: 897 Location: sky
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http://www.businessdailyafrica.com/State-spends-10pc-of-projects-allocation-as-cash-crunch-bites/-/539546/2977236/-/okt0vrz/-/index.html"A Treasury statement released Friday shows that Sh39 billion had been spent on projects in four months to October against an annual budget of Sh389 billion. The government has experienced a cash crunch this financial year due to high debt payments, reluctance to borrow due to high interest rates, and below target revenue collection" where will they get 350b from! i thought that was sorted by euro bond, even if they will borrow locally its impossible to raise that kind of money, or it simply means the projects will stall There are only two emotions in the stock market, fear and hope. The problem is, you hope when you should fear and fear when you should hope
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Today big day for Big Sino. Awaiting the RMB inclusion into the SDR!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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 “And, when you want something, all the universe conspires in helping you to achieve it.” ― Paulo Coelho IMF gives China's currency prized reserve asset statusRead more at Reuters http://www.reuters.com/a...130#mjrzYfbiZ92JhR5x.99
Cde Monomotapa wrote:Today big day for Big Sino. Awaiting the RMB inclusion into the SDR!
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Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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[quote=lochaz-index]“But those who believe in Europe, its values, its principles and its freedoms, must try to breathe new life into the spirit behind Schengen. "If the spirit leaves our hearts, we will lose more than Schengen. A single currency does not exist if Schengen fails. It is not a neutral concept. It is not banal. It is one of the pillars of the construction of Europe." EU president talking of collapse of the euro. Angela Merkel talking tough and flogging a dead horse. She will fail miserably. http://www.telegraph.co....ean-Claude-Juncker.html[/quote] http://www.independent.i...t-guarded-34260926.html
More Brussels strong-arming, now focusing on border control via frontex. This thing just keeps on going down a rabbit hole. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Hello Joined: 9/21/2015 Posts: 2
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Silver prices to decline further or go up in 2016?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Very interesting... ROK to sell 3 billion yuan panda bonds in China
Quote:BEIJING, Dec. 8 (Xinhua) -- The government of the Republic of Korea (ROK) will issue 3 billion yuan (470 million U.S. dollars) worth of panda bonds, the first sovereign government to sell such bonds, China's central bank said on Tuesday. http://news.xinhuanet.co...15-12/08/c_134897288.htm
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