₦airaland Forum

Every free floating currency is performing poorly against the dollar except those countries with foreign reserve to artificially prop against the dollar. Dollar is about the third best performing currency this year. That's because stockmarkets which have been pumped on steroids since the Quantitative Easing at the start of the pandemic are now selling those stocks into dollar. Marketcap of American companies is circa $40trln. If a quarter of that money flees, that's $10trln looking for a place to go - and a lot of it will go into dollar, some into bonds etc. Forget what you heard, Nigeria nor any third world country does not have enough foreign Reserve to keep up with the dollar. I believe like Nihilistjnr said, the rate of spending Emefiele was doing to keep dollar parity was becoming too much. For context, that money Emefiele was spending ($3bln every 2 months) is equivalent to $18bln a year if he continued, which is equivalent to half of FGs annual budget. Of course, Foreign Reserve does not make up part of the budget but the comparison to budget gives some context.

Almost every other country is struggling right now from losing ground on the dollar. Below is the US dollar index DXY against a basket of blue chip currencies.

Ishitinyourlife:
Ogbeni shut up,u just Mumu die, no single company as left Russia without them nationalizing and continuing business themselves,even macdonald was bought by a Russian and Thier entire 800 shops there,in fact the man has started building additional 200 stores and expanding business. Gdp ko, idiot say 40% gdp of Russia a country whose main export sef barely account for 40% was wiped off because of Netflix and a bunch of sissies that paused operation still living full merchandise in Russia o. You dense no be small

A small mind can only think of McDonalds. Think of all the companies in Russia that no longer have Microsoft support. Macdonalds ko, McDonalds ni

Onigawara:
The IMF recently said Russia is doing MORE than expected despite the sanctions and have even said Russia's GPD is likely to shoot up by 2.6 https://www.euractiv.com/section/global-europe/news/russia-doing-better-than-expected-despite-sanctions-imf/

You and the dumb OP should cry harder

Mumu, they revised Russia's GDP up by 2.5% to minus 6% from minus 8.5%.

Show me any Western country that will see minus 6% in GDP and not call it an absolute catastrophe

drisham:
We'll be making a terrible mistake letting this guy go

It should be Werner or puli not Hakim going

Puli is better than all of them. Odoi, Ziyech and Werner should go

What a disappointment. I had high hopes for this guy when he signed

andrewbaba44:
Na everybody wey no come epl Dey fear for the physicality ,I am sure you are dembele PA to know about this, maybe you will tell me if epl is the only league in the world ?

I am sure if kante was playing in another other league and Chelsea bid for him and he rejected ,some of you will come and tell us how he is too short and won’t survive in the epl

It's not about height. Position on the pitch matters a lot, it's not a one-size fits all condemnation of small players. CM key physical need is the ability to press at speed and a small player can do that even better than a big player. At Centreback, height plus weight is important in EPL cos of a lot of aerial duels. For injury prone players like Dembele, the number of games and spacing in-between games is important for rest and recovery and EPL does not offer that due to no winter break, two domestic cups etc. And EPL plays through rainy and wet conditions in winter which increases chance of injury, plus the game is faster, adding again to injury risk

BlueRayDick:
3 weeks after the Kuje prison break by tertorists , people of Abuja and neighboring communities now live in palpable fear as predicted . afrodoc said the escaped criminals will certainly not lodge in hotels cooking off; rather they will be happy to actively return to crime immediately .

https://www.nairaland.com/7248840/heavy-shootings-ministers-hill-dantata

nihilistjnr how far? Shey u later make that Abuja trip ?

Abuja done cast. From where BH was operating in the surrounding states, it was only a matter of time

donstan18:
For who?

The way guys just dey quote mouth-watering sums for defenders these days, I know say Tuchel done brainwash boys into thinking spending these amounts on defenders is normal

PDPGuy:
I would place Lucy Bronze in a mens U-20 team cos she’s that good of a RB

Boss, 11 Lucy Bronzes cannot play a selection of players from this section of Nairaland, forget matter. I have a cousin who was on the fringes of Falcons and played for Rivers Angels and I know what we showed her on the pitch at the age of 13

Itsrm:
Obidients are now asking for Seuns head on twitter

They say he was asking questions like he was paid to ask.

Rather than admit PO had a terrible outing, they have turned on the poor guy who was simply doing his job.

Which Seun? Our boss Osewa?

EmmanuelScott1:
Don't worry about the exchange rate nah, you're paid in naira

Au contraire, Seankafor earns in dollars. He is not complaining

afrodoc2:
I like this your no insult policy.

I won't you to watch that video closely, preferably without sound. Tell me 1) if you think the tremor is worse in one hand or equal AND 2) also tell me if it is worse when he keeps it down and still or worse when he moves the hand.

What's your diagnosis doc? Make it plain for the people

Kilishihunter:
No vex it's lieke martens I wanted to speak on, I confused her with miedema I didn't watch the match though but I don't see how they're beating this English team, That squad is complete from head to toe, even the subs, Before the tournament the only team I felt could stop them was Spain due to the rise of Barca Femeni before putellas tore her ACL but you still saw how they were dominated for several parts of that game, Even though their squad is filled with many Lyon stars I don't see France winning

Yep, Spain was best placed to challenge and England struggled in that game but France have those Lyon girls and plenty of pace in their fullbacks and the black girls upfront. They win many 1v1 races and could trouble England with those duels

marti198:
If we are playing with a 4-2-2 then Broja and depay can both be in the squad with Broja coming off the bench if needed but we would need a DM and another defender. Definitely not kimpembe that guy no be am.

Depay is still a winger so even in 4-3-3, he can play two roles

Kilishihunter:
France that struggled to beat that Dutch team without miedema, They have good players from Lyon and psg Sha but their strength is mostly in the defense with that Renard lady, Germany have their weakest team in years, I think their England's coach wiegman won the last euros with the Dutch so I see no reason why she can't do it again for the hosts

Miedema played. I watched the whole match. France bullied them to sege and could have won that game 5 or 6 nil

Singapore1:
he is 70kg and the 70kg is being argued

Even his advertised height of 5 ft 10 looks suspect. Guy dey use that afro add inches

Kilishihunter:
If England no win this thing ehn, It'll be utterly shocking

France looked handy sha, but all these England wingers play like Fede Chiesa. I never thought I'd see women playing footie like this. Women's football has come a long way. Even defenders and goalkeepers are passing the ball around at the back

Capaldi:
Kasper Schmeichel leaving Leicester to Nice is a weird transfer.

Looked weird at first, but a 35 year old man going to enjoy life on the Cote d'Azur is very understandable especially as Nice have money and can probably afford to pay him well for the next 3 years, and his wife and family will enjoy the sunshine and lifestyle. Can't compare this to living in Leicester

Singapore1:
It's all in your head!

if you read my post well you will notice i didn't say anything about his height. we have good defenders like Puyo cannavaro etc who were good defenders despites their height.
azpilicueta is more aggressive and weight about 7 Kg more than kounde
reece james weight about 12kg more and chalobah who is of the same age also weigh more. There are more to these things than height

yeah i have watched fofana far more than i have watched him, but i have watched him play enough to decide

I never call him flop. i just don't rate him. simple
end of discussion

So Kounde lightweight like this? Antonio bullied him wella in Europa sha. The only place I saw Kounde at Chelsea was in a back 3, or right back. EPL has too many physical duels

marti198:
. Chairmo when u look at the market for €20m+ you cannot get any player as good technically and as versatile as depay. Forget say na Man U reject, he has improved tremendously since his Man U stint. He was Barca’s highest goal scorer and best player before injury. If u are going by rejects klopp for no sign salah and man city for no sign de bruyne.



Depay is Netherlands best attacker easily. Bro is good at dribbling, scoring, set pieces and chance creation. For that low price he definitely will improve our attack.

Depay is not a bad idea if we are selling Broja

See Ramires chip wey Fran Kirby score just now

Singapore1:
Fofana would be a fantastic addition! But he spent most of last season being injured so i don't know

Don't trust signing players immediately after an ACL injury. At least give them one year to check they haven't lost speed

lateefGRDT:
boss the guy is actually a good defender, not just good going forward

That kind of gamble on an unproven player in a new position is for free transfer, not £40m

Sportsweb:
Aaron Wan-Bissaka?

Do you want Chelsea to move forward or backward?

£35-£40m on an experiment in a position he has never played before

benalvino3:
So why did you say if they are in recession she would have said it? She is hoping for a miracle. People who have seen the data is calling it. She is hoping the data will change and now they are changing definitions

When trump tried to give confidence about covid he was attacked.

Now they are changing the definition of recession.

Businesses, especially the tech industry have me making changes and adjustment because they know they are in recession already. It will only be announced this week.


Recession, coupled with inflation = stagflation. Biden. Messes everything up.

Irony about this is that Brian Deese, Biden's top economist... Director of the National Economic Council isn't actually an economist. He's a lawyer who worked in politics.

You can type what you want. If 2nd quarter comes in negative, every news channel will broadcast it as recession. That is what the market recognises and will tank in reaction. If Yellen has seen the GDP number, what she said indicates we will see a small increase in GDP, probably less than one percent. That's if she knows the GDP number.

benalvino3:
Hmm... It's not something sweet so why will she say the obvious when their message from time has been the opposite? The fact that you are still relying on those people are have been wrong at every turn is why I am calling you closed minded and voltron. You must defend

That job is not a basket mouth job. Their first job is to give confidence to the markets. Know this and know peace

benalvino3:
That's the problem. Cling to a definition of something. Wait for official announcement that's you.

Me: I see the state of the country, predict what will be announced long before it is because people are already experiencing the effect. The effect of recession will not suddenly manifest because of someone says so on a podium with a mic.

If recession is there, people will experience it before it is announced.

So stick to your definition. The economy is in the gutter, wait for the announcement that the economy is in the gutter. People are already experiencing economy that is in the gutter

Like I said, you are nothing but a fool regurgitating what you read from political standpoint on Twitter. GDP print is on Thursday. If Yellen announce today that we are in a recession, that means she knows the GDP number for Thursday and will tank the markets by 20% instantly. This is what markets watch for and adjust their position accordingly. You think that job is a basket mouth job cos you are a layman. The market is looking for the textbook definition, not your feelings. And even if we go on feelings, employment numbers do not corroborate feelings at this stage, not that they won't in future months when the impact of rate rises start to slow growth

benalvino3:
You can cling to their definition and nuance. While those of us with sense are saying it has started. Wait for official result... You will only realised it when something that is inevitable, I mean something that is the case as we speak right now is announced.

You don't have sense. You are a fool masquerading as someone with any knowledge. None of my economic outlook differs from yours except for the fact that you don't know simple definitions and the impact of those definitions being met. If recession is announced today, equity markets will tank 20% in one hour, and that's the difference between someone with money in the market who looks for official definitions as a consequence of having money in the market, and a layman just parroting political talk.

If job numbers come in way below expectation, equity markets also tank 5% instantly. Therefore those of us with money in the markets who know the definition of a recession as two quarters of negative GDP growth know exactly what Janet Yellen is saying cos if she told you there is a recession, stock markets will react instantly by 20%, and a deep recession defined by massive unemployment in addition to two quarters of GDP decline is nowhere evident in the numbers. America is at near record employment as we speak and there are more job openings than being filled. Below is US unemployment rate since 2002 showing that. You can see it reached 10% during the last recession in 2009. If the reverse was the case, I will increase my shorts. Yes, I have been shorting the market steadily in line with my gloomy economic outlook which is no different than yours, just that you don't know your definitions and the impact of these definitions on trading positions.

benalvino3:
Quit embarrassing yourself. U are now clinging to they are employing. You employ one or two, their pay means a lot less because of inflation, they are not spending because times are hard, their is less economic activities. That's a recession. We are seeing all that.

You are just too closed minded to realize.

Like I said, those of us with sense sease it, and we said it. You are waiting for the date the recession will be announced officially despite it being the case for months. Stick to your definition, we wey see am call am before it was announced.

What did you call? You foolish man who does not know simple definitions. Janet Yellen gave a simple definition and you are busy yarning megedefegede out of ignorance.

What is closed minded about me, or you forgot how my discussion with PrideofLincoln last year on the economic outlook? You are just a layman yarning your emotions, those of us with money in the markets are following the numbers and taking the appropriate steps. We are not in recession, full stop. GDP figures will be out tomorrow. We will know whether we are in recession then. And chances are 60-40 it comes out positive. If it comes out positive, we won't see recession till 2023 January at the earliest

benalvino3:
There are professors saying truth is offensive. There are doctors who cannot define what a woman is. Ibime is an economist that is biased.

What's the point of waiting? Does know sees what's going on. Actual economists running institutes are saying it. You can wait for when it's officially announced. Those of us who have sense knows it has started.

Even yelling says the economy is slowing down, even from the last negative report and she is blaming transition. Again, Voltron, the defender of the Biden-verse

Employment is growing he says.

Stats only please not megedefegede. Bring the employment stats. I have already said what the economic outlook is below but you are too stupid or caught up in politics to understand. I am trading thousands of dollars on official stats, not dem say, dem say, and the stats are what move the market.

Ibime:
Bear market usually lasts 18 months to two years from peak to bottom. November was peak so by my calculation, it won't be till late 2023 before we truly bottom out in the equity markets. I think we will hit official recession in Jan 2023, although there's a small chance we hit later this month, though consencus is that Q2 GDP will be slightly positive, meaning we then need Q3 and Q4 negative to enter official recession which I think interest rate rises will cause enough slowdown for that to happen. That should lead to a black swan event upon that result being announced which would also be a good entry point if you don't want to wait till late 2023.

benalvino3:
Ibime is out of touch with reality.

Ibime. Explain the transition and Putin that is the goto explanation for everything.

No, you are foolish. Ibime is an economist and knows the definition of recession as defined by two consecutive quarters of GDP decline.

And a deep recession defined by two quarters of GDP decline and job losses. Employment is growing

benalvino3:
TREASURY SEC. JANET YELLEN:

where is Voltron ibime, come and defend your people.

Foolish man. USA is not in recession