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19/11/2012

Good day members!

You are going to hear a lot about the 'Fiscal cliff' from US, which has a lot of jnvestors jittery with reason to. If automatic tax increases and government spending cuts are not addressed by new year's day, the US economy could see approx. 600 b dollars wiiped out which would push it into recession like Europe.

Regards

The Economist

16/11/2012

Good day members,

Europe is officially in recession after data showed two cinsecutive negative growth. Massive protests in many European countries this week because of austerity measures. One of sparks to the protest was when an official from Germany said that the work done by obe of the lazy Germans would be done by 3 most active germans.... (",)

12/11/2012

Good day members,

This week starts with news out of Greece about the parliament voting on another round of austerity necessary to get additional bailout funds which it needs by this Friday lest she rans out of cash.

At some point, I believe, Greece will be broken by all this and may default on its debt obligations and ultimately opt out of the Euro zone. One of the opposition parties called the government of Mr.Samaras 'dangerous for Greece' like a terrorist. These parties, although small, is increasingly gaining popularity as more relate with it. I wouldnt be surprised if in the next 12 months Greece has a vote of no confidence, new elections, defaults and eventually being kicked out of the Euro zone. The inflation subsequently may rise to rival Iran or Zimbambwe.

Meanwhile, Japan is experiencing GDP falls

Regards

The Economist

09/11/2012

GOOD NEWS. China's economy on the road to recovery
Analyst

27/10/2012

UBS Said to Plan 10,000 Job Cuts, this will have global impact

23/10/2012

Good day members!

I was watching the final presidential debate between Obama and Romney and got thinking, what will the election result affect markets globally.

Romney is seen as the enemy of China as he consistently calls them a currency manipulator. Infact he said that he will say it the first day. My concern is, will that result in a trade war? If it started, US will be the biggest casualty as china can easily get FDI from elsewhere in the world.

Obama is criticised of increasing debt of US, currently at $I6 trillion, high unemployment amobg others.

However, of the two candidates, I hope that come Nov 6, Americans will re elect the incumbent. Am not being biased, am I?

Regards

Economics Editor
Nico Maina

18/10/2012

Good day members!

Mr. Market was looking for any piece if good news to rally this week. Just on Tuesday some junior cabinet ministers were over heard saying they were open to giving spain a credit line and that Greece is closer to austerity agreement. This in ordinary circumstance would make the market indifferent but it sparked a rally.

11/10/2012

Good day members!

IMF says significant downward risk in global growth exists. It downgraded this year's growth to 3.3 % and 3.6% next year. The risks are Debt crisis in Euro zone, fiscal Cliff in US and a slowing economy in china.

Meanwhile, s n p downgraded Spain to one level above junk on concern of deepening economic woes and debt crisis. It's about to join Greece on the elite class of junk natios if the current trend continues.

Australia added more jobs than anticipated but unemployment rate increased to 5.4% up 20 basis points.

US released the Beige book yesterday which stated a modest growth in the economy boosted by housing. Certainly the US is the best house in a bad neighbourhood, for now.

Regards

Economics Editor

05/10/2012

Good day members!!

Waiting for Non Farm payroll today at 330 pm

Regards

Economics Editor

Nico Maina

04/10/2012

Good day members!

ECB and BoE are expected to keep rates unchanged today.

Regards

Economics editor
Nico Maina

02/10/2012

Good day members!

The Reserve bank of Australia (RBA) cut interest rates by 25 basis points to 3.25%. This was on concern that global economy is cooling off, and in particular its major trading partners China, Europe and US.

This is likely to be more cuts this year as 3.25 is still higher than other developed countries like Japan, US, Euro zone and even New Zealand.

Regards,

Economics Editor

Nico

01/10/2012

Good day members!!

Austere budgets in Spain and France marked the weekend. Spain experienced protests that turned violent. Neighbouring Portugal seemed to have gotten the flu from Spain as it also had protest in Lisbon.

Further support to risk off, China PMI showed manufacturing is still cooling and the same in Japan. Manufacterers in Japan were very pessimistic.

Europe's unmployment data is due at noon, and is expected to show record unemployment. The Reserve Bank of Australia is expected to cut its interest rate by 25 bp tomorrow.

Regards

Economics Editor,
Nico Maina

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