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Big banks to blame??
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guru267
#61 Posted : Thursday, June 23, 2011 7:47:25 PM
Rank: Elder


Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Cde Monomotapa wrote:
The addiction to events rather than processes on Wazua truly dis-heartens me Sad


Events run the market in the short term not processes
Mark 12:29
Deuteronomy 4:16
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BGL
#62 Posted : Thursday, June 23, 2011 7:55:43 PM
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Joined: 10/11/2009
Posts: 1,223
*Ujinga* in high defination is listening to Gwasi MP, John Mbadi on why his allowances should not be taxed!!!!
History will not remember you for your IQ. It will remember you for what you did. “Genius is 1 percent inspiration, 99 percent perspiration.” Thomas Edison
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Horton
#63 Posted : Thursday, June 23, 2011 8:07:15 PM
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Joined: 8/30/2007
Posts: 1,558
Location: Nairobi
drake wrote:
Totally random, but look what I found on the BOT's website:

http://www.bot-tz.org/Ad...ts/2009-Jun-29-Jobs.pdf

Hiring a security guard....scroll down to "Specific Job Requirements" for a good laugh..




hehehe i needed a good laugh thanx
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erifloss
#64 Posted : Thursday, June 23, 2011 8:39:48 PM
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Joined: 6/21/2010
Posts: 514
Location: Nairobi
We are in a capitalist economy & when the bank i've invested in gives good returns, i'm happy no matter how they made it. Problem=regulator & not the banks. We borrow at over 13% & earn a mere 1% on deposits & we are still charged for the same. If the regulator wants they can go the China way or let us be.
'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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Cde Monomotapa
#65 Posted : Thursday, June 23, 2011 9:02:25 PM
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Joined: 1/13/2011
Posts: 5,964
erifloss wrote:
We are in a capitalist economy & when the bank i've invested in gives good returns, i'm happy no matter how they made it. Problem=regulator & not the banks. We borrow at over 13% & earn a mere 1% on deposits & we are still charged for the same. If the regulator wants they can go the China way or let us be.

The day u'll wake up & find the doors to ur bank closed u will regret ur words. An example, which isn't about financial failure but when were deep in PEV...ATMs went dry, banks were closed...that's where de-regulation of banks will lead us.
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Cde Monomotapa
#66 Posted : Thursday, June 23, 2011 9:04:12 PM
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Joined: 1/13/2011
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guru267 wrote:
Cde Monomotapa wrote:
The addiction to events rather than processes on Wazua truly dis-heartens me Sad


Events run the market in the short term not processes

Discernment is a gift.
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tassia
#67 Posted : Thursday, June 23, 2011 9:21:14 PM
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Joined: 4/25/2011
Posts: 368
Location: Nairobi
Cde Monomotapa wrote:
The article is on Capital FMs website. Says KCB, BBK, SCBK, CFC & CBA are the largest forex dealing banks. Ati EBL? Tihihi...large forex for what? Waru?


I am not an insider but I do not see how CITIBANK is not considered as a large forex dealer. Most International NGO's bank with this bank and forex transactions are huge.
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the deal
#68 Posted : Thursday, June 23, 2011 11:28:47 PM
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Joined: 9/25/2009
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Location: Windhoek/Nairobbery
Some of @Cde comments on Wazua would make Mugabe of Zimbabwe a Proud Mansmile Applause Applause
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jmbada
#69 Posted : Friday, June 24, 2011 12:09:10 AM
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Joined: 1/1/2011
Posts: 396
Cde Monomotapa wrote:
Arbitrage in the FX Market => 1. Four large banks have been noted to be holding very large overseas positions. 2. These positions do not seem to reflect trading fundamentals. 3. This type of exposure will put pressure on the exchange rate. 4. Their positions are largely associated with their group companies overseas. 5. WE WILL RESTRICT THEM FROM ANY ARBITRAGE USING THE DOMESTIC CURRENCY. (excerpt from Governor's speech) @Funky..our suspected culprits have been +vely Identified!!

There is NO SUCH THING as "fundamentals" in the FX markets!
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Cde Monomotapa
#70 Posted : Friday, June 24, 2011 3:32:43 AM
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the deal wrote:
Some of @Cde comments on Wazua would make Mugabe of Zimbabwe a Proud Mansmile Applause Applause

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Cde Monomotapa
#71 Posted : Friday, June 24, 2011 4:28:09 AM
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Joined: 1/13/2011
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the deal wrote:
Some of @Cde comments on Wazua would make Mugabe of Zimbabwe a Proud Mansmile Applause Applause

The struggle of our fore-runners, mau-mau et all, was for physical & political emancipation. The struggle of our time is that of economic & financial emancipation! So let us join hands fellow comrades & don't you relent!!
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erifloss
#72 Posted : Friday, June 24, 2011 8:10:03 AM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
Cde Monomotapa wrote:
erifloss wrote:
We are in a capitalist economy & when the bank i've invested in gives good returns, i'm happy no matter how they made it. Problem=regulator & not the banks. We borrow at over 13% & earn a mere 1% on deposits & we are still charged for the same. If the regulator wants they can go the China way or let us be.

The day u'll wake up & find the doors to ur bank closed u will regret ur words. An example, which isn't about financial failure but when were deep in PEV...ATMs went dry, banks were closed...that's where de-regulation of banks will lead us.


@cde, the problem is the regulator not doing its work till things go haywire. If only they could have kept a cap on inflation early enough. They knew we had drought & food was going to be imported & thus prone to speculation. They are still not telling us something.
'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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FUNKY
#73 Posted : Friday, June 24, 2011 11:17:54 AM
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Joined: 4/30/2010
Posts: 1,635
Surprising the $ is up today..the mean rate as at now is 91.35/-..I thought the dollar would have started to fall from today.
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young
#74 Posted : Friday, June 24, 2011 1:06:34 PM
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Joined: 6/20/2007
Posts: 2,037
Location: Lagos, Nigeria



Where is the official list of the culprit banks ???
The wazua spirit as members is to educate and inform and learn from others within the limit of what we know in any chosen area irrespective of our differences in tribes, nationalities, etc. .
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drake
#75 Posted : Friday, June 24, 2011 2:10:03 PM
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Joined: 8/8/2009
Posts: 170
jmbada wrote:
There is NO SUCH THING as "fundamentals" in the FX markets!


@ jmbana
quoting from baby pips:
"....Before you get carried away with [chart patterns].. remember that technical analysis is only half the story. To get the complete picture and avoid getting blindsided by economic data, you also have to do your fundamental analysis."

http://www.babypips.com/...ndamental-analysis.html
http://www.babypips.com/...t-art-june-22-2011.html

@ all
Perhaps you will recall a story last year about several hedge fund managers (incl. Soros) attending an "idea dinner" where shorting the Euro/ getting at the Euro vie Greece was discussed. Once it leaked, the Justice department opened investigations into the matter and the hedge funds beat a hasty retreat.

http://www.reuters.com/a...k-idUSN0311646820100304

Same difference..
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