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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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New U.S. oil and gas well November permits tumble nearly 40 percentQuote:
Plunging oil prices sparked a drop of almost 40 percent in new well permits issued across the United States in November, in a sudden pause in the growth of the U.S. shale oil and gas boom that started around 2007.
Data provided exclusively to Reuters on Tuesday by industry data firm Drilling Info Inc showed 4,520 new well permits were approved last month, down from 7,227 in October.
The pullback was a "very quick response" to U.S. crude prices, which settled on Tuesday at $66.88 CLc1, said Allen Gilmer, chief executive officer of Drilling Info.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 5/7/2009 Posts: 1,032 Location: Sea of Transquility
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Stocks slide after Mario Draghi disappoints on QE Link“small step for man”
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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On December 4th 2014, paradigm shift as America drops to #2! http://finance.yahoo.com...-now-no-2-150936444.html
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Rank: New-farer Joined: 11/23/2013 Posts: 17
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Finally some good news. Thank you. Wonder if sasa the Chinese accent will become a thing to copy like the way every Kenyan seems to try their best to talk in an American accent, expcially the rich Kenyans.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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I wouldnt say its good news, its a win for the Chinese government, but thats about it. The average Chinese citizen does not benefit from this coz the wealth gap is still quite huge in China. And the average American will not be affected by this in the near term coz an American is still better off than a Chinese. Lets not forget, something as simple as Facebook is still banned in China! Plus there are virtually no Americans living illegally in China, while there are alot of Chinese doing the same in the US. So this is just paper victory
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oil crashing, China leapfrogs US econ, but the world is still going round... Hope guys are enjoying the santa rally. Btw CME just certified that the current santa rally continues till Dec 2015! Central Banks' equities buying binge extend edition - http://tinyurl.com/kxjtaxo
Market meltup coming up when trading desks resume from vacation in Jan. #KeepBuyingStocksTillTheMarketBlowsUp **2015, Buy stocks, buy gold, sell treasurys** Yes, buy gold!? Thanks to the swiss gold referendum... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@KK this should be of great interest to you! RBZ issues ‘centavo’ coins http://source.co.zw/2014...mbabwe-dollar-suicidal/
Zim, the land of monetary creativity 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Russia Defends Ruble With Biggest Rate Rise Since 1998Russia CB hikes rate by 650bps to 17% to stem the ruble crazy slide. Super hike like Ndungu in 2011 when KES was melting down. Packing deposits in the weak oil nations will pay handsomely as CBs hike rates like mad men to stem their ccys from a meltdown. I'm sure a number of large funds (esp china, india and jap) have already spotted the opportunities. Russia has a low debt burden, oil and gas and now a 17% funding rate return. Fantastic! Well unless the ruble collapse another 20% from here. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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BRICS bank. Pls let me  Russia will probably institute fx controls before end of this year Sehemu ndio nyumba
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Rank: Veteran Joined: 1/25/2012 Posts: 1,624 Location: Langley
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Mainat wrote:BRICS bank. Pls let me Russia will probably institute fx controls before end of this year .... which works well in China and Ethiopia. Might fix the rouble. If you have built castles in the air, your work need not be lost; that is where they should be. Now put the foundations under them.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Oil and Ruble have been miserable losers in 2014. But the loser award goes to... Iron ore! What a nosedive in 2014! Gina Rinehart's fortune reduced by $2B as the ore cratered. In Russia, Leonid Mikhelson's fortune has halved this year as the billionaire faces an oil nosedive and a ruble meltdown. Actually this is being faced by most Russian billionaires in the energy sector. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Russians Quit London Luxury Homes as Only Super-Rich StayQuote:Wealthy Russian homebuyers are vanishing from London after driving a wave of foreign investment that lifted property prices to records. Only the oligarchs persist.
The number of Russians registered through Christie’s International Real Estate to buy homes in the city dropped by 70 percent in a year, said Giles Hannah, the broker’s senior vice president. That has led to a plunge in offers for properties priced at less than 10 million pounds ($16 million) as it becomes more difficult for all but the wealthiest to take money out of their home country. This UK property market... Monkeys are coming. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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it took 6 yrs for dow to move from 14000 to 15000; it has taken only 6 months to move from 17000 to 18000 ai this is scary. LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 2/26/2012 Posts: 15,979
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kyt wrote:it took 6 yrs for dow to move from 14000 to 15000; it has taken only 6 months to move from 17000 to 18000 ai this is scary. Am also wondering what the excitement is all about. "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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As the year comes to a close which saw record IPO floats, the award for the IPO con job goes to OW Bunker. 2nd largest IPO in Denmark since 2010. 8 months after the IPO floated the firm filed for bankruptcy as oil prices jumped off the cliff! Waiting to see how long it'll take for IPOs to return in the Danish equity market after wanjikus got slaughtered by this IPO. The IPO headline back in March 2014 - http://www.bloomberg.com...biggest-since-2010.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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hisah wrote:As the year comes to a close which saw record IPO floats, the award for the IPO con job goes to OW Bunker. 2nd largest IPO in Denmark since 2010. 8 months after the IPO floated the firm filed for bankruptcy as oil prices jumped off the cliff! Waiting to see how long it'll take for IPOs to return in the Danish equity market after wanjikus got slaughtered by this IPO. The IPO headline back in March 2014 - http://www.bloomberg.com...biggest-since-2010.html
aii this is not a good play, that is outright fraud!! LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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@nabwire, in a very not so related issue, can a visitor be allowed in the NYSE? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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I dont think a visitor is allowed to invest, you have to have a social security number, which is the equivalent of a PIN in Kenya, in order to open a brokerage account. But I think the rule is different for institutional investors, not sure though.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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i see @nabwire, so a visitor enter the NYSE, on a tour? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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Rank: Elder Joined: 11/7/2007 Posts: 2,182
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i see @nabwire, so a visitor enter the NYSE, say, on a tour? LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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