I wouldn't be too alarmed by the recent fall. . .well maybe just a little.
All it would take for it to spike up again is the righting of the economic wheel.
Let me reiterate what I have said on another thread, the world economy contrary to what the doomsday press might be reporting will go largely unscathed, and I mean the 'real economy' and not the equity markets. The emerging economies, especially the BRIC countries will cover any slack in the Western economies, which is not necessarily a bad thing, as the hitherto lopsidedness of the world economy where America was responsible for majority of the world demand might have landed us in a bigger mess at some future date.
[quote author=~Sauron~ link=topic=181773.msg2926201#msg2926201 date=1223678310]She's already taken. . . . How many times do u want me to repeat this?? [/quote]You are playing the Enemy Of Progress role very well
[quote author=~Sauron~ link=topic=181773.msg2926183#msg2926183 date=1223677960]She's a super model. Body shaped like a coca-cola bottle. Just the way you like them. . . . Still game?[/quote]That sure rhymes with Stillwater.
[quote author=~Sauron~ link=topic=181773.msg2926131#msg2926131 date=1223677196]Rock bottom?? Don't despair. . . . . .I know a NL chic who's desperate to meet u.[/quote]Don;t say it out loud
stillwater: Congrats!!! The man that is in demand *rolls eyes*
Okay that is it. . . . .I HAVE HAD IT UP TO HERE
Every body just dey do SARCASM like say na the fashionable thinG
STOP IT. . . .
tRoOE: [size=13pt]u dey crazy, na me be aki and pawpaw may thunder fire ur ass, but seriously am not that short jare yea am 5"3 so f**k what, and i still look good , my husband no dey complain na wa foolish stranger dey talk, idiot buruku all i need is my heel to make me tall [/size]
HEHEHEHE. . . . .
Come, how u dey take import the TollyBaby jelly wey you dey rub for face from naija
[quote author=~Sauron~ link=topic=181773.msg2926023#msg2926023 date=1223675782]After how many failed marriages and kids?? Doyin. . . . . .relax please.[/quote]There is always space for one more
stillwater: I think it's Doyin
You'D berra come and gree for me now. . . This is testament to the fact say I dey in demand
The problem in the automotive industry is not GM's alone. Even the rampaging Toyota has suffered steep losses in market shares and its stock price as well as those of the other big auto makers in Japan are at the vanguard of the freefalling Nikkei
Oil coming down should be seen as a good thing cause it was largely responsible for the higher headline inflation numbers that particularly held the unbelievably hawkish and irrational ECB president in check.
You do have a point, the excesses of the recent credit bubble need to be extinguished from the system, that said, not at the alarming irrational rate at which the process is going at the moment.
All it would take is for some contrarians to take bullish bets on select equities and we might be going up almost as fast as we have come down.
ikeyman00: why cannt some people just learn how to shut their yeye mouth!! I'm not a political analist but i think one should have some commonsense, nairaland once again has gone to proof that is only the igbos that can fix Nigeria, yal right go on say it, say it, tribalistic, dnt think so we know them, look them, look them, na them, i can see you u know
anyway, lets clear one thing here, lagos is the capital of nigeria yes, not yoruba village as u picture in your head yes, lagos was funded with the nigerian money yes, u following me, u with me, hope so,since it the capital, still in a way the capitol, right, its got a lot of foreign buzness blocks like embassy and stuff, airport, sea port etc etc u with me now, hence a lot of dividen and revenues accrued yes, i think we landing now, yes
so can any commonsense nigeria talk in such a manner some of yall jumbo mumbo analist do sometimes!!!shocking as it is course these arre the people some of yall are advocating for a moderator, hahhahhhahha
now before the count of 5 FG should mobolise to build second brigde and at the same time maintain the present one
nonesense
foolish and very stupid Nigerians
It sure looks like u talk thru ur anus. . . . .Bloody Analist
texazzpete: And who do banks lend money to? Who do banks give money to? Whose money do banks store?
Ans: Everyone out there. Other companies in other sectors. It's a domino effect. One bank goes down, thousands of small businesses are threatened. Market declines sharply, stock portfolio drops like a rock. Shares of companies like Toyota and Nintendo are down in Japan. Not because these companies are threatened, but for fear that since this financial woes started, consumers will hold off buying new cars. As banks become unwilling or unable to hand out loans, sales of cars, plasma TVs and other luxury good will be threatened.
It doesn't stop at the banks alone. You have to consider what the effect is on the financial market in it's entirety. Why do u think the US government could not let AIG fail?
Well if one looked at the equity markets alone, one would think the roof is about to cave in.
But it has become obvious no bank will be allowed to fail anymore so the falls in stock prices are largely irrational.
Even more irrational is the reticence of the banks to lend to each other despite the assurances by the Fed and other central banks in the world that it would do everything in its power to ensure liquidity in the system as well as the rescue plan which would buy all the toxic assets on the banks books that has given them the jitters.
I maintain, the worse case scenario isn't even close. Sovereign wealth funds all over the world have trillions of dollars and there is no bed in the world under which that amount of dough will be kept. These monies have to be invested and very soon, people will start to look at equities again when they realise the yields on Fed Treasuries are piss poor relative to other securities.
texazzpete: No one is saying France will collapse, or the US will collapse. What is happening is that banks in the US, UK and many EU countries are going under. The Markets are taking big hits and many companies are going bust. Along with the demise of the banks, many depositors lose money, many shares portfolios and pension funds lose lots of value. Panic sets in and people are selling and divesting as quick as they can. That is where the crisis comes from. Jobs are being lost like wildfire. No one is talking about calling in loans made to countries. People are talking about the Global markets taking hit after hit, about people losing life savings, about reduced demand for goods and a spreading fear of the banking sector collapse.
The only institutions that are collapsing are banks. . . . .companies from other sectors of the economy aren't
The point I have been trying to make is. . . . . .the world is no more leveraged than it was two to three years ago when banks and even hedge funds were lending at close to zero percent.
I see DeepZone is not coming back with her “gotcha” evidence. Honestly, I need to work on my self-control isssues. See after reading a dozen of your threads where you fly off the cuff making the most ridiculous statements without proof or anything, I promised myself I would ignore you and just go my merry way but sometimes. . . celebrated ignorance is hard to ignore.
Let’s see what we have here. . .
First, without any type of supporting evidence, you say Kannywood is Tribalist, as if that wasn’t enough. . . you say they can coach someone over and over and over again to nail the part. Tell me, do you live in the same reality as the rest of us? Critics of Nigerian movies are still complaining that they take very little time to make their movies. . . and these are the same people you expect to take time and coach someone to speak the language because God forbid they hire an actor who does not need coaching because he can. . . you know speak the language, they run the risk of being at the receiving end of a tribalism seeking ninny's ire.
Secondly, most of these movies are shot in the North but no . . . don’t put that into consideration, Let them fly someone from the south or east to play the part because fear of being labeled “tribalistic” Moviemakers keeps them from using someone who is right there. Oh don’t forget they are also going to include the “Learning the Language” time period in the shooting schedule.
Third, the way you carry on. . . one would think Hausa homevidoes are the only homevideos targeted at a particular tribe. Oh wait a sec, I think I may have misread this thread. . . what you are really saying is it’s okay for Yorubas and Igbo to have their own movies, is that right? Why am I even asking, knowing you. . . that’s probably what you are thinking. I bet you almost had a heart attack when you found out the Abokis gbon pa e enough to make movies. Did it offend your tribalistic sensibility? Awww, you poor thing. . . that’s what happens when you refuse to broaden your horizon and burying your head in the sand.
Finally, Aunty wa, off the top of your head. . . can you name 3 Hausa Actors who have been in Yoruba movies and another 3 who have been Igbo movies. This I will patiently wait for.
Do you see why I asked if you take time to reason out your thoughts before putting them out there? It’s was not an easy thing to do but I’ve managed to talk myself into believing that if you sit down, think outside the umbrella of tribalism, there is a chance something logical can come from you. . . it might not be up to 30% but at least enough to start a dialogue where the other person isn’t wondering how it all went so wrong.
Have to go to bed now. . . but here’s li’l sumin’ sumin’ for you to sink your teeth into.
debosky: It is no hoax - things are MUCH worse than when times were 'good' - millions of people have spent more than they can repay, thousands of bankers/lenders have made loans which are not repayable, sold them off to unknowing buyers halfway around the world, and governments have continually relied on more spending to grow economies, not increased productivity per se.
Couple all that with an natural cyclical slowdown in world economies, inflated commodity and energy prices, greedy traders/bankers and a generous dose of fear/paranoia and you have the current mess.
Its not going to be pretty and a heck of a lot of people are still going to be badly affected before this storm dies down - things might never be the same again in the world financial systems.
Note: The senate/government has denied any involvement in a 'bailout' - there is essentially nothing to bail out anyways, Nigerian stocks are simply observing a natural correction cycle after years of bumper growth in share prices not backed by commensurate economic/earnings growth. Speculation and bank loans caused this mess and things have to return to order.
Interestingly enough, there is little/no connection between Nigeria's mini-slump in the stock market and the wider financial crisis rocking the world.
Things are worse you say Debo. . . . . .
Where countries have national debts running more than 50% of GDP and have been for ages. Iceland is just unfortunate it happens to be small enough to fail. Who is going to dare call in the loans made to the likes of France. The world is built on leverage and has been ever since the glorious years post the second world war.
Productivity is still at an all time high in the United states, and but for the recent collapse of the construction industry, the jobless rate in the States would still be on the low side. Even at that, there is no chance there would be wholesale defaults by people on their mortgages or on their credit card debts.
So KINI BIG DEAL.
texazzpete: Brilliant! In a few short words you have managed to defuse and decipher the global financial crisis, something hundreds of experienced analysts and economists have failed to resolve. Kindly proceed to Geneva to collect your Nobel Prize.
Its a hoax insofar as things are not worse than there were when the times were good
All of a sudden, the world seems to realise it is overleveraged and everyone is worried counterparties will not be able to service their debts regardless of what credit rating they have.
Hogwash.
Anyways nobody panic. . . . .Until one of the lenders to the most indebted entity in the world(namely the United States) starts to wonder if it will get paid.
Then people, be afraid, be very afraid. . . . . . .Buhahahahahahahahahahahahahah