Position taken

Position Taken

I have written a post on my expectations for Nigeria in 2016, outlook not good. It’s time for me to look at the world in general. I expect 2016 to be the beginning of the end for the global economy. I predict a series of events, starting in 2016, which will lead to a global depression, a global depression that would make the great depression look mild. The good news is: 2016 will actually be a good year for some. The bad news is, it will be year the first domino will fall that will lead to the eventual depression. Let me start by making a statement on the current position of the various economic Powerhouses.



The Federal Reserve (FED) took the unusual but seemingly intelligent decision to drastically increase liquidity in order to escape the financial crisis. This worked because it dropped interest rates, meaning businesses had more money to produce, and simultaneously devalued the currency making exports cheaper. Plus they did it in a time when no one else was doing it. In December 2015 the FED raised rates for the first time. They needed to do this because interest rates is the tool used by central banks to regulate the economy, raise rates to cool things down and drop them to spur growth (obviously Godwin is the exception here). If the FED didn’t raise rates they would have no tools to stimulate the economy in the event of a slowdown.



The European Union is quite possibly the most exciting and ambitious political experiment to have ever taken place on this planet. The idea that countries that have been at war with itself for over a millennium can now come together under one roof is simply amazing. This has absolutely nothing to do with their current economic state but I just thought their politicians needed a shout out. Now, the EU is witnessing an economic decline. As a result the European Central Bank, ECB, has started quantitative easing or QE and is set to increase QE in 2016. This means that not only are interest rates at record lows but the currency has fallen dramatically. These are only set to get even lower.



Asia or Basically China, Japan is just too messy to be understood (If I could understand them I won’t be some miserable blogger but rather I would be their Central bank chief). The Chinese Economy has been growing at breakneck speeds as far back as anyone can remember. Economists use growth rates when judging the success of any economy. This means when economic growth drops from say 10% to 6% it is viewed as a disaster. In real life that’s not necessarily accurate. Lets say I double $10 to $20; I would have made $10 while growing at 100%. Now if I turn my $20 to $35 I would have made $15 while only growing at 75%. To an economist my growth rate would have slowed down and it will be a warning sign, to me I would have made more money because I would now have $15 extra. Basically, China’s economic woes are being grossly over exaggerated. Yes the economy’s growth rate is slowing down but in reality the country is still growing at a very impressive rate, albeit from a much base. What everyone seems to be forgetting is that the country is transitioning from an export oriented society to a consumer led society. Chinese politicians don’t really know to handle this transition. They meddle in markets when they need to let markets correct themselves. They believe that depreciating the currency is the best way to spur exports, failing to realize that they shouldn’t be trying to spur export but rather concentrate on strengthening the Chinese consumer. And while they are not quite as foolish as Godwin they do make some silly moves.



Now lets tie all this together and see what 2016 holds. The USA is raising rates while the EU is increasing QE. US Businesses and consumers will find it credit more expensive while EU businesses and consumers will have money thrown at them. US exports will get more expensive while EU exports get cheaper. This will lead to a gradual decline in competitiveness of US businesses. This decline will lead to a slowdown in the US economy. Conversely, EU businesses will witness a boom. Businesses will borrow cheaply, sell more overseas and have a richer local market. Earnings are going to rise leading to record high equity prices. As for China, well they meddled with markets so they must pay. China will witness economic turmoil brought on by the silliness of Chinese politicians. Compared to Emefiele the Chinese are geniuses so you can imagine what I see happening to Nigeria.



Basically the place to be in 2016 is Europe, Germany to be specific. However like I said, 2016 will be the year to signal the beginning of the mother of all economic depressions. The USA will witness a slowdown; the FED will be forced to take rates back to zero, this it would lead to a loss of confidence in markets. This loss of confidence will ultimately lead to a bust like no other. But hey, lets enjoy the European party while it lasts. See you all in the DAX.

www.globalnigerian.com

I need a consultant to help setup a moringa farm in or around the Abuja axis. Practical experience necessary.

Email me with your contact details nosa2 at iCloud.com

How much for a female?

doomsdayII:

10k? Happy sales bro cos the buyer, them never born. Bring it down to 5k and you'll get scramblers. That's the standard price for old games. Just an advice

Given current exchange rate 5k is just too low. I will gladly swap then

Call of duty Advance warfare - 10k

Assassin creed unity - 10k

Available in Abuja

call peter on 08168483228

Good day,

I just want to inform you guys that i just updated my blog with my thoughts on 2016. Please read, share and feel free to comment. www.globalnigerian.com

Viciousvinz:
@ I want to buy shadow of modor or COD AW I'm in Abuja pls drop your number for negotiations

I'm in Maitama and got COD AW. call me on 08168483228

boluwajokosegun:
If you buy an acre for your child & plant plantain on it in the next 15 years it would have been able to turn your child to be a millionare


10 acres available for sale at 550k .
Minus agency fee ..10%

Is this still available? Where is it located

AbujaFarmer:
I work for a financial institution which is involved in supporting all forms of Agricultural businesses within the FCT

Any member of this forum who is interested in financing their Agricultural ventures can drop a comment, or most possibly give details of their farms for our inspection.

Livestock farming, crop farming, agro allied, agric extension, agric engineering etc

I believe you all understand why I cannot drop my number here.

Please only credible and serious Agricultural oriented entrepreneurs would be considered for financing.

Thank you

Xxxxccccccccccxxxxxx

AceRoyal:
www.nairaland.com/2499416/300-acres-virgin-farm-land
300 acres of virgin farmland for sale in Benin city,EDO
state.
Land is located in Ovia North East Local Government
Area of EDO State,just after the Ovia River.
Serious and interested persons would meet with the
elders and youths of the community.
100% security guaranteed,no hassles or omonile
problems.
Very viable and fertile soil.
Amiable and very hospitable community.
Easily accessible.
Availability of labor and workforce.
For enquiries and inspection,please call 08032253564
or 07053331484(whatsapp).
Price-#120,000
Note-Purchase of over 50acres would attract 20%
discounts.
Also available are houses and lands for residential
purpose in Benin city,EDO State.

I believe we are already in discussions

sedulus:
I good 500 hercter of farmland in ovia ,Benin,Edo State acres is N250,000.00 Contact Sedulus Plantain Republic
08057761905
Visit:www.sedulusplantainsucker.com.ng

Too high. If you can do 70k an acre we have a deal

MrBen10:
Depending on location, there are still lands for 60k per plot

I'm looking in the region of 60k per acre

MrBen10:
Farmland in Aviele, a busy town close to Auchi.

Plot of land for 300K (intown)
Plots of land for 100k (farm settlement close to the town)

Contact. 09023144929

100k per plot? Thats too expensive

I'm looking to purchase Farmland in Edo state. Please state your price per acre or hectare here and contact details so i can contact u if I'm interested

trux:

Is still available but some one said I should keep it for him

How do i reach u

trux:
uncharted the Nathan drake collections for sale 10k

Is it still available?

akocce:
I have GTA and shadow of mordor

I would swap for GTA

akocce:
if u r in Abuja, wat games u got?

I've got advance warfare. What do you have

TemiBalrog:


Hey. I have Devil May Cry. Which game are you willing to trade with? U can text or call me on 07061996252.

Cheers

I have advanced warfare. Will u swap?

Noblethony:

How much is ya call of Duty and Assassins creed?

9k each. call me on 08168483228

trendphemmy:
I need fifa 15, last of us or any interesting adventure game. am buying.


quote me pls

I've got call of duty advance warfare and assassin creed unity. Interested in any?

Mavor:
No thanks.

Will you sell and how much

Mavor:
I have the Witcher 3.

Interested in this, how much last and how can i reach you. will you swap for advance warfare?

owenlinks:
What games do you have for swap?

Call of duty advance warfare or I can buy it

owenlinks:
Got Batman Arkham Knight, FIFA 15 and The Last of Us. Need Until Dawn or Metal Gear Solid 5 Phantom Pain.
Location: Benin City

How do i reach you. I am interested in Batman

Call of Duty Advance warfare available in Abuja.

Call Peter 08168483228

Ayagi:
I'm looking for Call Of Duty Advanced Warfare USA Region

I have Fifa 15 and Call of duty Advance warfare for sale in abuja. Both 9k each. Willing to swap

08168483228

Immediate past National Security Adviser, Col. Sabo Dasuki (rtd.), has been arrested and whisked to an unknown destination, a report from Abuja said.

He was arrested this night, according to a report in the blog, Per Second News. “According to credible security source, the soldiers attached to the residence of the embattled NSA had been withdrawn on the orders of the president paving the way for his arrest this evening,” the report said.

Soldiers had earlier been reported to have surrounded Dasuki’s residence. It is not yet clear why the Muhammadu Buhari administration moved against Dasuki but reports spoke about petitions against him bordering on alleged financial impropriety.


http://www.newsexpressngr.com/news/detail.php?news=12984&title=Breaking-News:-Ex-National-Security-Adviser-Sabo-Dasuki-reportedly-arrested

ThaInquisition:
Is anyone swapping in Abuja, also im selling Witcher 3 brand New 13,500.

Need For Speed Rivals

WWE 2K15

The last of us remastered

Tomb Raider

NBA 2K14

Second Son Infamous

Assassin Creed Black Flag

Grand Theft Auto 5

Wolfenstein The New Order

I have these games to swap in Abuja. contact me on 08168483228