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Nairaland Forum / Nairaland / General / Investment / Financial Markets Suffer After JP Morgan Index Expulsion (15728 Views)
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Re: Financial Markets Suffer After JP Morgan Index Expulsion by wiseoneking: 5:49pm On Sep 09, 2015 |
Adesiji77:We need Ngozi Okonji Iweala now or never. She remain the only person that will deliver Buhari from his economic suicide. PRIDE WILL NOT ALLOW HIM TO HIRE NGOZI BACK. Nigeria ecomomy is beyond rearing 150 cows since 1985 : 30yrs and magically increasing it from 150-270 cows in 3months. I don set. Economy of Nigeria will continue to grow in sahara reporter, tvc, the nation. GP MORGAN, you are on your own. Ndi oyo don hear well. 10 Likes 1 Share |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by coolitempa(f): 5:49pm On Sep 09, 2015 |
Vig86: Hahahaha, it's a deliberate ploy that I employ for NL alone. But I appreciate your comments, maybe it's about time, I revert to my real self. 1 Like |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by shidof(m): 5:53pm On Sep 09, 2015 |
Autolord:modified |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by pmc01(m): 5:53pm On Sep 09, 2015 |
Stupid economic jargons that has never had any meaningful impact on the common man. The opposition should keep blowing this out of proportion and keep raising false alarm everywhere. Na una go tire. Rubbish. |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by amazingspiderma: 5:53pm On Sep 09, 2015 |
sparkwil: A country gets wt it deserves You don talk am finish. 3 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by opeoluwa20(m): 5:56pm On Sep 09, 2015 |
dont call your fathers land a zoo be respectful Buchukwu: 1 Like |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by festico: 5:57pm On Sep 09, 2015 |
that is what u get when u have a cattle rearer as president. 5 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by opeoluwa20(m): 5:57pm On Sep 09, 2015 |
ngozi kor chidinma ni wiseoneking: |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by wiseoneking: 5:58pm On Sep 09, 2015 |
efilefun:You are actually living in a paradise fool. Thesame PMB your great god and saviour is equal to the task. Why did you vote 4 him. He must fix that rot or else Nigerians will throw him stones with curses. You are suffering from shame and reproach of trusting in a man. This has passed the issue of wailers because they are presently your saviour. YOU ARE ACTUALLY THE BRAINWASHED FUUL in this case. 8 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by princemillla(m): 6:02pm On Sep 09, 2015 |
ibedun: My brother, it will only take sane people to understand that Nigeria is on her way to freedom. I agree will affect us both, on the long run it will pay. For me, nice move by the CBN. Been waiting for this a very long time time a go 2 Likes 1 Share |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by efilefun(m): 6:04pm On Sep 09, 2015 |
You are actually the opposite of your moniker, GEJ can be your great god and savior i dont give a Bleep oponu oshi, next time you wanna spew your trash kindly dont quote me. wiseoneking: |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by bummyla(m): 6:05pm On Sep 09, 2015 |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by ttmacoy: 6:11pm On Sep 09, 2015 |
I love the way we blame everyone for our mess every time. It is not America or the West that has put Nigeria in the situation it is now. It is Nigerian's selfishness and greed. Oil prices were at record high for years and we have nothing to show for it and you come here blaming America. How will an African currency work when we are not even united in Nigeria not to talk of Africa as a continent? And even if there was an African currency there will have to be rules and principles which every member must abide by which means even if Nigeria or any country involved broke those rules they could be chucked out. Same principle applies with the JP Morgan index. There are minimum criteria for government bonds to be part of it. Nigeria has fallen out of those requirements and will be dropped simple. it is only fair on other countries who are able to meet the requirements that when one doesn't he faces the consequence rather than the way we always find a way to bend rules and principles in Nigeria. Stop blaming others for your problems. You say America owes China. i say China actually believes in America so much that it has invested the bulk of its foreign reserves in the US Federal bonds because it knows that is one of the most liquid and strongest investment. You do realize the reason the likes of China, Japan etc buy US treasury bills and bonds is because of those investments are considered very strong and liquid and not because America is begging China right? Bonds are sold as auctions and China buys them because they need to hold foreign reserves to support their export driven economy. please get your facts right. Nigeria is the cause of Nigeria's problems. ModiKen: 5 Likes 2 Shares |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by oba2flex(m): 6:12pm On Sep 09, 2015 |
ellechrystal:Maybe |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by Morizo(m): 6:13pm On Sep 09, 2015 |
Hello Mr. President, this is your call sir. You need a high powered economic team to turn things around fast. But sadly ur cannot produce that 3 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by ohenhen1: 6:16pm On Sep 09, 2015 |
The western countries are waging a silent war on Nigeria. Buhari don't be naive. Under no circumstance should we devalue the currency again. Do what is best for Nigeria. Make them delist us. Nigeria will still succeed. |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by Buchukwu: 6:18pm On Sep 09, 2015 |
opeoluwa20:My father is older than Nigeria. How can that be my father land. I'm a biafran. 4 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by talktimi(m): 6:23pm On Sep 09, 2015 |
ModiKen:this got me cracking up hard please go and study China's economy very well and not that búllshït you've been fed before comparing Nigeria to them. |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by TippyTop(m): 6:26pm On Sep 09, 2015 |
Buhari crashing economies since 1985. 5 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by kannymoore(m): 6:40pm On Sep 09, 2015 |
Buchukwu: You sir..are either a liar or not very well informed.,,but ipray you're not both. Nigeria was conceived in 1914. It gained independence in 1960. You may havebeen born in the 1980's for example but you finally got independence @ age 18wen you attained adulthood. |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by Tonitelli: 6:42pm On Sep 09, 2015 |
MadCow1: chai..! madcow...! lmao! |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by Nnemuka(f): 6:55pm On Sep 09, 2015 |
The dullards body odour on the way.... Keep calm 1 Like |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by Xano(m): 7:07pm On Sep 09, 2015 |
efilefun: Interesting post. Nigeria's economy is not good at the moment, you are being political about it. Very immature of you. Ask people who are brokers at Nigeria Stock Exchange and hear what they will say. While you at it, read the below quote: Adesiji77: Dude, grow up. 3 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by Eluwilussit(m): 7:10pm On Sep 09, 2015 |
nnachukz: Good citizens, abi foolish citizens? |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by Eluwilussit(m): 7:15pm On Sep 09, 2015 |
mmb: Who else? PDP is behind, while APC is before everything bad in naija. 3 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by persius555(m): 7:16pm On Sep 09, 2015 |
Govt bond buy back is the new economic slavery tool the west use to control and retrict emerging economies from protecting their economy. JP Morgan was resposible for the rapid sell out of bonds which led to the withdraw of foreign investor funds from the nigeria stock market. This policy was well planned to further deepen our economic crises just when we are implementing policies that check speculator driven liquidity flow. China's stock market crashed just weeks ago and the federal reserve bank in the US had to delay the proposed increase in interest rate at the detriment of its own economy, knowing fully well that a suffering chinese economy could only serve as temporary gain in the dollar strength. If this step had not been taken, the chinese would have resulted to a sell off of US bonds which will affect the growth of its economy. Now, the chinese are thinking of devaluing their currency against the dollar to save their economy from further slowdown. If the chinese are taking these steps to protect their economy and the americans are not complaining, why should they complain when we take similar meaures to save our economy. For all i know,the value of nigerians bond bought by JP Morgan is about 3 billion dollars (25% of total govt bond in foreign possesion), the impact couldnt be that enormous to throw our economy into recession, just a slight impact on the naira value. |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by kaboninc(m): 7:19pm On Sep 09, 2015 |
PassingShot....please add this to the list of wonders in the last 100 days of your superior.... The decision is a blow to President Muhammadu Buhari, who has promised to diversify an oil-dependent economy hit by a slump in global crude prices but who faces criticism for not having appointed a cabinet since his inauguration on May 29. 5 Likes 3 Shares |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by nnachukz(m): 7:20pm On Sep 09, 2015 |
Eluwilussit:how do you mean? My dear. |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by ModiKen(m): 7:27pm On Sep 09, 2015 |
talktimi: Mr. Chinese scholar, can u please lecture us on the rise of the Chinese economy? |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by Eluwilussit(m): 7:39pm On Sep 09, 2015 |
nnachukz: How did we end up with all these dimwits as our presidents(past and present)? You reap what you sow. A man who failed to submit his qualifications with his application, who probably lied about them, was given a clean bill to run for the presidency. Is anybody surprised? Look at it this way; he claims he chose his appointees from his closest associates, really? If all his closest and trusted associates are Northerners, then it simply means that he's a tribal champion. He has not been nationalistic and patriotic enough to interact with others. Especially, given that he has been the Head of state and ptf chairman in the past. Buhari is setting a new precedent. This will surely lead to bad blood someday, when the tables are turned. He wants to rule naija like a dictator. This is how all dictators start. They surround themselves with core loyalists. With time, no one can challenge him. I think the SE has been vindicated at last. Even if he performs, it still doesn't change the fact that he is parochial in the choices he has made so far. I wish him success. 5 Likes |
Re: Financial Markets Suffer After JP Morgan Index Expulsion by ModiKen(m): 7:47pm On Sep 09, 2015 |
ttmacoy: I'm from the south south and I strongly kick against the Biafran struggle. But what that Nnamdi Kanu says about Britain and its stronghold on Nigeria is an eye opener. Do u know the presidents of most french speaking African countries are mere puppets of their former colonial master, France? Do u know that part of the agreement for gaining independence was the annual payment of a fixed amount as renumeration for the investments (infrastructure and otherwise) made by France in these African countries? Those countries who refused to pay the french destroyed all their investments before leaving. Those who agreeed to pay, keep paying from their nose till date. History has it that all presidents in these former colonies who refused to pay or put an end to the agreement with the French was be shot dead by an former member of the French legion. Dude, I know our leaders have failed us, but there is no denying the fact that the West have to a large extent had a hand in our present predicaments and unless we free ourselves from their grip we won't move forward. CBN, ride on!!! |
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