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murchr
#4181 Posted : Thursday, March 20, 2014 2:26:00 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
hisah wrote:
[quote=murchr] A New York City investment banker is dead after allegedly jumping from his apartment building, continuing an alarming streak of suicides that has descended upon the financial world.

http://rt.com/usa/twelft...ide-finicial-world-634/[/quote]

When the time comes, will the market equally prefer freefall just like these banksters...

How can a whole CB be caught rigging fx? BoE?

Confessions have never been bullish for markets. A sharp nosedive is coming... Confessions appear when money has been made.


There's more than meets the eye here.
"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
.
hisah
#4182 Posted : Thursday, March 20, 2014 9:43:25 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Here we go. S&P downgrades Russia - http://www.bloomberg.com...a-widens-sanctions.html

Quote:
Russia’s credit rating outlook was cut to negative from stable by Standard & Poor’s, which said the economy is threatened by Western sanctions over its annexation of Ukraine’s breakaway Crimea region.

S&P affirmed Russia’s ranking at BBB, the second-lowest investment grade.


Such a boring lot these game masters have become.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
murchr
#4183 Posted : Friday, March 21, 2014 2:39:52 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
The ping-pong game continues, now Russia has issued sanctions of its own ofcourse dudes who would not want to be in Russia, am waiting to see the package he has for EU.
Quote:
--->Russia has “repeatedly” stressed using sanctions is a “double-edged thing” and it will have a “boomerang” effect against the US itself.
I guess we are in for some show
"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
.
Cde Monomotapa
#4184 Posted : Friday, March 21, 2014 10:01:44 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
#Bummer Now, the US is still reluctant to implement longstanding IMF/WB reforms on quotas & voting rights, and yet some more waiting time here. Smh...

Brics bank will be ready in five years
http://www.fin24.com/Eco...-in-five-years-20140225

Anyhu, Africa can take up the opportunity to roll out the Sovereign Wealth Funds, scale up the DFIs - AfDB, DBSA, EADB etc, ramp up Afreximbank & PTA Bank to counter-balance & provide timely trade & development finance sources for the Continent.


Then again...

GABORONE: Ambassador Lembede and his deputy, Minister-Counsellor Mthembisi Mjkikeliso, led a delegation of Ambassadors from the BRICS group of countries as they made a presentation to the media and other stakeholders in Gaborone last week. At the briefing, Anil Sooklal, BRICS Sous-Sherpa, announced the formation of the New Development Bank (NDB) to lead the bloc’s Africa engagement and finance infrastructure development projects in Africa. Sooklal said BRICS countries have resolved to forge stronger economic ties with Africa and avail much needed financing, at much cheaper rates, for infrastructure development projects in the continent. An initial capital layout of US$50billion would come from member states’ contributions.

http://www.gazettebw.com/?p=7431
Cde Monomotapa
#4185 Posted : Sunday, March 23, 2014 9:40:00 AM
Rank: Chief

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

OK. Keynesian in the house..

Mangudya new RBZ boss

“Dr Mangudya is a Keynesian economist who believes in discretionary fiscal and monetary policies and in the rational expectations hypothesis.”

He began his career in 1986 as an economist with the Reserve Bank until 1996 when he joined the African Export-Import Bank (Afreximbank) as regional manager in charge of Southern Africa.

http://www.sundaymail.co...Itemid=130#.Uy5euO_IuSp

ION, Re-cap: Zimbabwe gets $100m Afrexim bank loan http://www.arabnews.com/news/544311

Next Attraction: The government has taken over the central bank's $1.35 billion debt and is seeking up to $200 million to capitalize the bank.

Zimbabwe cuts mining fees as it seeks precious metal, energy boost - See more at: http://source.co.zw/2014...h.WtGcUiMI.NecHszqX.dpuf
Cde Monomotapa
#4186 Posted : Sunday, March 23, 2014 8:29:55 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
From the Boss Lady herself.

(Reuters) - International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she could to push reform at her organization and give emerging economies a bigger say without the support of the United States.

IMF's Lagarde says can't do much about reform without U.S. support http://www.reuters.com/a...p;feedName=businessNews
murchr
#4187 Posted : Monday, March 24, 2014 3:55:55 AM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
(Reuters) -
Quote:
Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China.

The yuan suffered its biggest weekly drop against the dollar last week as policymakers try to flush out hot money from the market.


^^Why would policymakers do that?
"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
.
hisah
#4188 Posted : Monday, March 24, 2014 5:55:29 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
From the Boss Lady herself.

(Reuters) - International Monetary Fund chief Christine Lagarde said on Sunday that there was not much she could to push reform at her organization and give emerging economies a bigger say without the support of the United States.

IMF's Lagarde says can't do much about reform without U.S. support http://www.reuters.com/a...p;feedName=businessNews

This one and its sister, world bank, are outfits past their sell by date. I don't think they'll see another decade or two unless they're drastically reformed to fit the current time.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
hisah
#4189 Posted : Monday, March 24, 2014 6:19:51 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
murchr wrote:
(Reuters) -
Quote:
Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China.

The yuan suffered its biggest weekly drop against the dollar last week as policymakers try to flush out hot money from the market.


^^Why would policymakers do that?

The easiest way to control a bubble burst is to crash the hot/fast money. GFC wouldnt have happened if subprime crazy speculation had been kicked in the teeth. The real estate and commodo hype in chingland has to be put off to avoid a GFC like scenario with the current defaults there.

Also when abenomics decided to kill the yen, it was a matter of time before the chingman would also weaken the yuan to protect exports. These days currency wars are real as CBs of top global econs compete at weakening their currencies.

Unlike the previous chingman regime, the current made it clear it would deal firmly with speculation. The days of easy trade, buy the yuan vs USD, are gone and worse now with the Fed tapering liquidity. There will be some serious yuan corp bond squeezing for those that came late to the party.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Cde Monomotapa
#4190 Posted : Monday, March 24, 2014 6:32:23 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
murchr wrote:
(Reuters) -
Quote:
Asian shares lurched lower in a cautious start to the week on Monday, as investors were hobbled by the persistent tensions in Ukraine, uncertainty over Federal Reserve policy and worries about slowing growth in China.

The yuan suffered its biggest weekly drop against the dollar last week as policymakers try to flush out hot money from the market.


^^Why would policymakers do that?

The easiest way to control a bubble burst is to crash the hot/fast money. GFC wouldnt have happened if subprime crazy speculation had been kicked in the teeth. The real estate and commodo hype in chingland has to be put off to avoid a GFC like scenario with the current defaults there.

Also when abenomics decided to kill the yen, it was a matter of time before the chingman would also weaken the yuan to protect exports. These days currency wars are real as CBs of top global econs compete at weakening their currencies.

Unlike the previous chingman regime, the current made it clear it would deal firmly with speculation. The days of easy trade, buy the yuan vs USD, are gone and worse now with the Fed tapering liquidity. There will be some serious yuan corp bond squeezing for those that came late to the party.


@murchr Also remember that Sino is alive to the fact that to internationalize the Yuan, they have to go free float mos mos. Especially now that it's high time to remodel into a consumer economy. Furthermore, they want in the "flight to safety" jingle.

In all that, if Africa is smart, we can pitia kati kati and become the producer & manufacturer economies. When global money flows into Yuan bonds, Sino routes some to Africa and we invest in the hardware.
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