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255 Pages«<251252253254255>
Investors Lounge
iris
#5041 Posted : Monday, December 05, 2016 1:46:40 PM
Rank: Member


Joined: 9/11/2014
Posts: 138
Location: Nairobi
winmak wrote:
I just write 'shopping' and quickly forward it to the teller. Who is going to verify that?

smile smile
alutacontinua
#5042 Posted : Monday, December 05, 2016 5:10:52 PM
Rank: Member


Joined: 3/23/2011
Posts: 231
Anyone watching the madness going down in the European stock markets following the NO vote.......

Mediobanca shares halted - Limit Down (-5.2%)
Intesa shares halted - Limit Down (-4%)
UniCredit shares halted - Limit Down (-5.6%)
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
lochaz-index
#5043 Posted : Tuesday, December 06, 2016 6:23:16 PM
Rank: Member


Joined: 9/18/2014
Posts: 567
Othelo wrote:
iris wrote:
Othelo wrote:
iris wrote:
The Kenyan banks are now requiring us to give reasons for deposits/withdrawals. What is/are the underlying reason(s)?

CBK guidelines/requirements when over Kshs. 1m ..... KYC, money laundering etc


Currently not restricted to KES 1M. It is almost any amount. Last time the amount in question was KES 33k. This started a couple of months ago, whereas the 1M guideline has been around for awhile.

Probably after NYS fiasco by banks, your bank is just being cautious and careful. Good thing though!!!!!

Not a good thing. Most of these directives are handed down to the resident CB from international bodies (read IMF etc) and it is never a request. Even the KES 1,000,000 decree is from the same sources.

The same reason why traveling with over $10,000 in liquid cash is prohibited in most countries. Ring a bell? $10,000 = ~ KES 1,000,000. These rules have been lorded over many nations not only KE. We can only speculate as to their real intentions.
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#5044 Posted : Tuesday, December 06, 2016 6:25:46 PM
Rank: Member


Joined: 9/18/2014
Posts: 567
alutacontinua wrote:
Anyone watching the madness going down in the European stock markets following the NO vote.......

Mediobanca shares halted - Limit Down (-5.2%)
Intesa shares halted - Limit Down (-4%)
UniCredit shares halted - Limit Down (-5.6%)

European banks are on a very tight leash. I don't think they will be able to weasel out of this one.
The main purpose of the stock market is to make fools of as many people as possible.
maka
#5045 Posted : Tuesday, December 06, 2016 6:36:15 PM
Rank: Elder


Joined: 4/22/2010
Posts: 9,386
Location: Nairobi
iris wrote:
winmak wrote:
I just write 'shopping' and quickly forward it to the teller. Who is going to verify that?

smile smile


Lol smile smile The bank i have seen with such is DTB...
possunt quia posse videntur
muandiwambeu
#5046 Posted : Tuesday, December 06, 2016 7:36:30 PM
Rank: Member


Joined: 8/28/2015
Posts: 531
winmak wrote:
I just write 'shopping' and quickly forward it to the teller. Who is going to verify that?

Me deposits and withdrawals dowry and gachungwa respectively. KRA respects those customarily.
,Behold, a sower went forth to sow;....
obiero
#5047 Posted : Wednesday, December 07, 2016 6:20:53 PM
Rank: Elder


Joined: 6/23/2009
Posts: 5,325
Location: nairobi
In this devil be bedevilled country.. Someone could just come to your house and destroy it, with no court order, no notice, no nothing.. Gives me the chills http://www.businessdaily...78442-yohwhrz/index.html
Ericsson
#5048 Posted : Wednesday, December 07, 2016 6:24:12 PM
Rank: Elder


Joined: 12/4/2009
Posts: 2,686
Location: NAIROBI
@Obiero
We are a gangster and wankster country meeennn
obiero
#5049 Posted : Wednesday, December 07, 2016 6:43:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 5,325
Location: nairobi
Ericsson wrote:
@Obiero
We are a gangster and wankster country meeennn

God will not forgive such goons.. That was too much
alutacontinua
#5050 Posted : Thursday, December 08, 2016 4:12:18 PM
Rank: Member


Joined: 3/23/2011
Posts: 231
https://www.theguardian....nk-rescue-business-live

ECB extends QE to December 2017 (reduces amount to 60Bn from April - December)......Euro jumped sharply and now back below €1.08. Keenly watching German bunds

You dont have to be great to START but you have to start to be GREAT!!!!!!!!
hisah
#5051 Posted : Thursday, December 08, 2016 4:16:38 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,724
Banca Monte dei Paschi di Siena and Deutsche Bank not a nice cocktail here! Euro??
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
alutacontinua
#5052 Posted : Thursday, December 08, 2016 6:16:48 PM
Rank: Member


Joined: 3/23/2011
Posts: 231
Never thought the day i would see vix and stocks simultaneously rallying.....

http://www.zerohedge.com...-12-08/somethings-wrong

Also noticed the huge spike yesterday on S&P500 a record 16000 contracts ($3.1B USD) bought in one second.

https://twitter.com/nane...atus/806564730861191169

You dont have to be great to START but you have to start to be GREAT!!!!!!!!
alutacontinua
#5053 Posted : Thursday, December 08, 2016 6:19:37 PM
Rank: Member


Joined: 3/23/2011
Posts: 231
hisah wrote:
Banca Monte dei Paschi di Siena and Deutsche Bank not a nice cocktail here! Euro??


Just the other day DB was a sinking ship.....oh how the times change Liar Liar Liar
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
alutacontinua
#5054 Posted : Wednesday, December 14, 2016 10:13:28 PM
Rank: Member


Joined: 3/23/2011
Posts: 231
0.25% rate hike from the the FED....dot plot indicating 3 rate hikes in 2017.
$DXY rallying towards 102....Yellen Press Conference in a few and i am betting she is going to be very hawkish...Think the question is whether stocks can rally in a Rising Rate Environment......
You dont have to be great to START but you have to start to be GREAT!!!!!!!!
hisah
#5055 Posted : Thursday, December 15, 2016 6:31:43 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,724
alutacontinua wrote:
0.25% rate hike from the the FED....dot plot indicating 3 rate hikes in 2017.
$DXY rallying towards 102....Yellen Press Conference in a few and i am betting she is going to be very hawkish...Think the question is whether stocks can rally in a Rising Rate Environment......

US equity indices have been hot post election. They needed a breather fed hike or not. The structure is still bullish. Trumponomics as outlined is full of fiscal stimulus. US stocks will keep heading higher when the plan is rolled out.

So stocks will keep inflating together with USD at the expense of emerging market.

The sovereign debt crisis is lining up and is getting ignited by the USD dragon! Few currencies will be able to hold their ground vs this dragon.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
lochaz-index
#5056 Posted : Thursday, December 15, 2016 2:01:09 PM
Rank: Member


Joined: 9/18/2014
Posts: 567
hisah wrote:
alutacontinua wrote:
0.25% rate hike from the the FED....dot plot indicating 3 rate hikes in 2017.
$DXY rallying towards 102....Yellen Press Conference in a few and i am betting she is going to be very hawkish...Think the question is whether stocks can rally in a Rising Rate Environment......

US equity indices have been hot post election. They needed a breather fed hike or not. The structure is still bullish. Trumponomics as outlined is full of fiscal stimulus. US stocks will keep heading here when the plan is rolled out.

So stocks will keep inflating together with USD at the expense of emerging market.

The sovereign debt crisis is lining up and is getting ignited by the USD dragon! Few currencies will be able to hold their ground vs this dragon.

For EM and FM there is nowhere to run as dollar debt unwinds. I have a minimum target of 120 for USDKES by the close of next year (2017).

On the other hand a dollar rally puts the ECB in a conundrum. Do they pursue ZIRP/NIRP in an environment where the euro is crashing? What happens when the euro banks start to collapse like a house of cards? Save them and crash the euro further? In all possibilities, the ECB cannot attempt to save the EU without a serious bailout/helping hand by the Fed and the IMF/WB.

Assuming 2017 is the year the eurozone hits the provebial fan and its problems are exarcebated by the current dollar shortage, can the Fed continue along its rate hike corridor? There will be too much carnage for the Fed to hike with a straight face. This is before the US is beset by its own problems. They promised four hikes in 2016 but only achieved one. It is very possible that they will only effect one or none in 2017 depending on how the tape plays out.

Frankly, I am surprised the US has avoided a recession this long (officially at least). Stocks could keep up the bull run for as long as a year but whenever it runs out of steam the collapse will be spectacular.
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#5057 Posted : Wednesday, December 21, 2016 2:18:23 PM
Rank: Member


Joined: 9/18/2014
Posts: 567
Capital is rushing out of the the euro zone in record pace. 2016 registered the highest outflow from the euro since the inception of the currency.
Quote:
The difference between bond yields in the U.S. and Germany is at its largest in more than a quarter of a century. U.S. 10-year government debt yields 2.566%, against a 0.27% yield for comparable German bonds. The gap is so large that the dollar will likely continue rallying even if the rate differential stops widening, said George Saravelos, a strategist at Deutsche Bank, in a research note Friday.

It seems bondholders in the EU are piling into bunds at the expense of mostly Southern European countries as exemplified by target2 figures. Majority of bond yields bottomed out in June/July yet they have kept plunging for the bunds.

With the ECB almost running out of bonds to monetize what happens to QE, NIRP/ZIRP? A crashing euro will require some propping which can't happen with policies in place.
http://www.wsj.com/artic...-with-dollar-1482263235
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#5058 Posted : Wednesday, December 21, 2016 2:37:46 PM
Rank: Member


Joined: 9/18/2014
Posts: 567
Bad times for Spanish banks as they are now forced to refund borrowers due to abuse of mortgage floors through an EU ruling (initially meant to be delivered in July) which is 'final'. Caught between thinning business margins and volumes plus having to pay back on these mortgages is not a good combination. https://www.bloomberg.co...est-repayments-iwyp8kih
Things are deteriorating pretty fast in the euro zone.
The main purpose of the stock market is to make fools of as many people as possible.
lochaz-index
#5059 Posted : Wednesday, December 21, 2016 2:51:19 PM
Rank: Member


Joined: 9/18/2014
Posts: 567
Meanwhile, in Italy, Banca monte dei paschi de sienna is fighting for its survival vis a vis thinning liquidity. Having attempted and failed spectacularly at raising capital its only chance of survival is if parliament approves a bailout. It has officially sounded an SOS. http://www.cnbc.com/2016...reviously-forecast.html

If parliament approves a bailout by December 31st it will put Italy at loggerheads with the EU and Germany in particular. Not to mention that BMPS is not the only troubled Italian bank in need of a bailout.
The main purpose of the stock market is to make fools of as many people as possible.
Cde Monomotapa
#5060 Posted : Saturday, December 24, 2016 10:32:00 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,898
Merry Xmas & a prosperous 2017. smile
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