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hisah
#4131 Posted : Thursday, February 06, 2014 3:44:18 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
As volatility rattles emerging markets and their ccys, the CBs are in no mood to wait for the market to catch them while they are naked. And so goes the rate hikes. Ghana CB is the latest; hikes rate by 200bps to 18%.

http://www.cityam.com/bl...kes-interest-rates-18pc

KE remembers well this script as 2011 train wreck almost killed KES.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, February 06, 2014 3:45 PM | Reason: Not specified
hisah
#4132 Posted : Thursday, February 06, 2014 3:54:22 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
And this is Mzansi land...

Petrol price hikes, tolls, higher interest rates: When will it end? http://mg.co.za/article/...o-hit-consumers-wallets

KE, anyone willing to offer a piece of advice to Mzansi wanjikus...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#4133 Posted : Friday, February 07, 2014 4:49:46 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
10,000 US Fed note back in 1918 and 1934. How fast the world forgets... 500, 1000 and 5000 notes also did exist back then as markets unravelled.

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#4134 Posted : Saturday, February 08, 2014 11:03:05 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
A subtle dress-down..

Commentary: Where others see gold, the West rakes muck

BEIJING, Feb. 8 (Xinhua) -- The West's relentless disparagement of the Sochi Olympics has been all too familiar even prior to its opening on Friday, which was supposed to be a sporting event but suffered identical political finger-pointing as Beijing did six years ago.

The rhetoric was old-fashioned but not unexpected: alleged corruption, overrunning costs and human rights infringements. That is despite opinion polls, notably one by Gallup, produced headlines like "Russians See Gold in Sochi Olympic Games. http://news.xinhuanet.co...4-02/08/c_133099977.htm

"Sauti za makelele..tunawajua."
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  | | Edit by user: Saturday, February 08, 2014 11:04 AM | Reason: Not specified
murchr
#4135 Posted : Tuesday, February 11, 2014 3:56:16 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
Some interesting read on the emerging markets here ------> http://blogs.ft.com/beyo...its-back/#axzz2sxyPLHVf
"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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mibbz
#4136 Posted : Tuesday, February 11, 2014 4:28:02 AM
Rank: Member

Joined: 2/18/2011
Posts: 448
murchr wrote:
Some interesting read on the emerging markets here ------> http://blogs.ft.com/beyo...its-back/#axzz2sxyPLHVf


Am guessing you are in the GMT time zone or you wake up early to keep up with your investments.Thanks for the link
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hisah
#4137 Posted : Wednesday, February 12, 2014 2:43:18 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
And the suicides continue...

Fourth financial executive commits 'suicide' in little more than a week - http://www.examiner.com/...little-more-than-a-week

Quote:
Talley is the fourth banking/financial executive to die by his own hands since Jan. 28.



Quote:
On Oct. 29, 1929, the stock market crashed, setting-off a flurry of now, infamous suicides, by newly-ruined bankers and investors. However, the crash was preceded by suicides as well.


**Markets hate confessions**

It's coming...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#4138 Posted : Wednesday, February 12, 2014 2:57:42 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Fire destroys Argentina bank archives - http://www.theolympian.c...stroying-argentine.html

Quote:
The destroyed archives included documents stored for Argentine corporations and banks, said Buenos Aires security minister Guillermo Montenegro.

If the cause is found to be arson, it wouldn't be the first time for Boston-based Iron Mountain Inc., which manages, stores and protects information for more than 156,000 companies and organizations in 36 countries. Fire investigators blamed arson for blazes that destroyed its warehouses in New Jersey in 1997 and London in 2006, prompting rounds of legal claims over lost records.


Just when the defaults are lining up...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#4139 Posted : Wednesday, February 12, 2014 3:05:39 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cryptocurrency Auroracoin Given to Every Person in Iceland - http://www.coindesk.com/...n-every-person-iceland/

Quote:
A team of Icelandic cryptocurrency enthusiasts is gearing up to launch an altcoin designed specifically for the population of Iceland.

Auroracoin is a litecoin-based digital currency, 50% of which is pre-mined. This is where it gets interesting: the pre-mined coins will be distributed to the entire populace of Iceland starting on 25th March. Each one of the country’s 330,000 citizens will receive 31.8 auroracoins.

Auroracoin’s developers also point out that the Icelandic krona has lost 99.5% of its value since 1960 relative to the US dollar.


And so the revolt against the money masters continues...

Further reading about the aurora coin go here - http://auroracoin.org/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, February 12, 2014 3:08 PM | Reason: Not specified
Cde Monomotapa
#4140 Posted : Wednesday, February 12, 2014 3:49:12 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
[quote=Cde Monomotapa]Meanwhile in Zim:

#155. MPS - 2014 "In this regard, we wish to advise exporters and the general transacting public that in addition to opening of accounts denominated in Botswana Pula, British Sterling Pound, Euro, South African Rand, United States Dollar, individuals and corporates can also open accounts denominated in the Australian Dollar (AUD), Chinese Yuan (CYN), Indian Rupee (INR) and Japanese Yen (JPY)."

[Agro-Mineral Export base + Tourism to reckon with]

Zimbabwe's Central Bank adopts the Yuan among 3 other Asian currencies http://www.youtube.com/watch?v=PAgDaAtYWCQ[/quote]

Super Official..

Afreximbank tackles Zimbabwe’s financial sector liquidity challenges with new facility for trade finance banks http://afreximbank.com/a...sfinancialsectorli.aspx

A rejoinder on 'looking good on paper' as per the video, is that Zim despite its previous woes its financial & capital market infrastructure is pretty much still intact.

The bankers there understand what to do with the grease (liquidity) and resumption of the interbank market.

PS: As Nigeria’s Finance Minister Ngozi Okonjo-Iweala told this year’s World Economic Forum on Africa (2013): "We focus on FDI all the time. How about AIA — Africans investing in Africa." Cross-border African investment is set to accelerate as local firms seek new markets... http://www.bdlive.co.za/...ans-investing-in-africa


No Zero-sum game here, no sir! http://source.co.zw/2014...-build-bullion-reserves/
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  | | Edit by user: Wednesday, February 12, 2014 5:05 PM | Reason: Africa Unite!
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