[s]

veecovee:
WHAT IF YOU ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/17#71629062

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4601CE:
[s][/s]

Thought you are only paranoid offline...

Mcy56:

Thought you are only paranoid offline...

Im in my house…

Mcy56:

So I thought too.......
I understand that Skye had issues but the urgency and impromptu actions attached to its taking over, coupled with the un-popularity of Polaris does not add up...... my personal opinion too.

exactly

and judging by how things go in Nigeria, like antecedents, something must be fishy and dodgy...

Ugosample:
exactly .....and judging by how things go in Nigeria, like antecedents, something must be fishy and dodgy...

Exactly!

Mcy56:

Exactly!

I thought you said it’s only “táséré” unit you have .
Is “life savings” your definition of “tasere” ? Chai … sorry o
you will soon confess

4601CE:
I thought you said it’s only “táséré” unit you have . Is “life savings” your definition of “tasere” ? Chai … sorry o you will soon confess

LOL
Anyway, its really more about lots of conspicuous ills that characterized the system.
It's just saddening that they do these things and gets away with it most times.

Ugosample:


exactly

and judging by how things go in Nigeria, like antecedents, something must be fishy and dodgy...

Was this your opinion too when Keystone Bank and Mainstreet Bank were created to take over BankPhb and Afribank respectively?

Infinitisi:


Was this your opinion too when Keystone Bank and Mainstreet Bank were created to take over BankPhb and Afribank respectively?

What's your point?

Where might the next global financial crisis come from?
25 September 2018
Keith Wade, Schroders
Keith Wade, Chief Economist & Strategist at Schroders.
Keith Wade, Chief Economist & Strategist at Schroders.

Imbalances in the global economy are lower now than before the collapse of Lehman Brothers but other risks have emerged. We examine the new fault lines that could trigger another crisis.

Ten years on from the collapse of Lehman Brothers and the deepening of the global financial crisis, the world seems to be a safer place.

This is according to Keith Wade, Chief Economist & Strategist at Schroders, who says that over the past decade there have been significant shifts in the world economy such that the imbalances that could lead to a crisis are less.

“The risks haven’t entirely gone away, but they have shifted and are different to those of a decade ago”.

China’s savings glut no longer recycled into developed markets

Wade explains that the global financial crisis had its origins in a savings glut that built up as emerging markets, “notably China, developed an excess of saving over investment.

“Much of the excess capital ended up in the banking systems of the developed markets, particularly the US and UK, where it was fed into the economy at ever-easier terms, with an explosion in sub-prime mortgage lending”.

Global imbalances have reduced



Source: IMF, Thomson DataStream, Schroders, 10 September 2018

However, according to Wade, and as the chart above shows, the surplus in the emerging world has disappeared while the developed countries have moved from deficit to surplus.

On the developed economy side, Wade says that the swing into surplus was primarily driven by the eurozone, but the US also contributed to the turnaround with a sharp reduction in its deficit.

Meanwhile, on the emerging market side, he explains that the move from surplus to deficit has been driven by China and the oil producers. “The fall in the Middle East surplus largely reflects the decline in oil prices. For China, the overall current account[1] surplus has fallen as a growing deficit in services now offsets a significant part of the surplus on goods. This services deficit is largely due to the huge increase in Chinese outbound tourism”.

Imbalances have fallen but risks remain

Overall, Wade says that the reassuring news is that the scale of imbalances in the global economy is considerably less than ten years ago.

However, he draws out several areas of potential future stress.

1. The emerging markets are more vulnerable

According to Wade, the emerging markets are not running a deficit at anything like the rate of the developed world prior to the financial crisis and many economies remain in surplus. However, he says that compared to the past the region is more dependent on external capital.

Driven by China, Wade explains that the emerging markets could move into deficit. “Going forward the visible (goods) surplus is under pressure from the trade war as the US demands a $200bn reduction in its bilateral deficit with China. Second, the invisible (services) deficit is likely to continue to grow as more Chinese take trips overseas”.

2. The US current account deficit persists

The US current account deficit has narrowed significantly over the past decade. However, Wade says that the expansion of fiscal policy under the Trump administration and subsequent increase in the budget deficit is likely to drive the current account deficit wider.

“While the US economy is strong and interest rates have been rising ahead of the rest of the world there has been little problem in financing this imbalance, as reflected in the strength of the US dollar. However, as monetary policy normalises elsewhere, US assets will look less attractive and financing will not be on such favourable terms. This may ultimately force a retrenchment of fiscal policy and a spell of weaker growth in the US”.

3. The inevitable appreciation of the euro?

Wade says that the major imbalance today is between the euro area and the rest of the world. “The imbalance is sustained by the European Central Bank’s (ECB) ultra-loose monetary policy which is driving investors out of the euro and into other currencies in search of yield”.

He explains that the weak euro has been an important tool in the battle against deflation. However, the pressure for appreciation is always there given the region’s large current account surplus and while the ECB has so far been successful in preventing a sharp rise, eventually the currency will strengthen. “Such a development would pose a significant challenge to the eurozone which is still struggling to generate sustainable 2% inflation and faces considerable growth challenges in parts of its periphery”.

Imbalances reduced, but new fault lines are emerging

“The reduction in imbalances is reassuring for the world economy and future growth,” says Wade. He adds that in particular, the world economy is no longer dependent on the recycling of China’s surplus into the US.

“The flip-side is that the emerging markets have become more vulnerable to tighter global liquidity conditions. Moreover, there is a considerable challenge being faced by the eurozone which has become the ‘new China’ in the world economy in terms of its current account surplus”.

Consequently, Wade says in thinking about fault lines which could trigger the next crisis, a focus should be placed on the eurozone which currently combines a current account surplus with a weak currency only through an extraordinary loose monetary policy.

In a perfect world, he says eurozone recovery would be accompanied by higher interest rates and a stable currency. “In practice, this could prove a major challenge as the ECB attempts to unwind its stance without a significant appreciation of the euro and subsequent risk of derailing activity in the region.

“There is a danger that, like Japan before it (another economy with a current account surplus and inability to create inflation) the eurozone will find itself stuck with a very loose monetary policy for an indefinite period

Four pitfalls to avoid when investing
25 September 2018
Anet Ahern, PSG Asset Management
Anet Ahern, Chief Executive Officer at PSG Asset Management.
Anet Ahern, Chief Executive Officer at PSG Asset Management.

When we think of diversification in investing, we usually think of investing across countries and currencies. But there’s more to it than that. A good geographic spread is, of course, a sensible starting point and likely to lower investment risk – but true diversification requires a deeper look. Here are a few common pitfalls to avoid:

Having all your eggs in one asset class basket

Asset allocation is a major determinant of your future returns (and the volatility you’re likely to experience along the way). Getting the basic building blocks right upfront is pivotal. While tactical changes along the way may occasionally be useful, a strategic long-term allocation – accompanied by the required patience and discipline – goes a long way when simply left to do its work.

Fundamental asset classes to consider include equities, fixed income and cash. You should aim for an optimum mix that will give enough growth (equities in the long run) and enough stability and yield (cash and fixed income) to match your time horizon and needs.

Not enough sectors

If you only invest in a single asset class – only in gold or only in property, for example – this can cause your concentration risk to increase significantly. Rather, aim for a spread of industries. This is where global investing really comes into its own, as there are several growth industries that are beyond your reach if you only invest locally.

Ineffective exposure

If you only own a handful of stocks or are exposed to very few counter-parties, this will increase your risk. When it comes to equities, a minimum number of instruments and a maximum percentage per instrument will help to diversify away from share-specific risk. In the same vein, there should be a spread of banks and instruments within your fixed income and cash portfolio.

Not diversifying across managers

Sticking with one capable manager for the long term can be a very good strategy. However, if the manager stays true to one style, it is likely that there will be periods during which the approach works better than other times. Therefore, it is useful to combine managers with different styles (provided both have established track records). For example, you could combine a value manager with a momentum or growth manager, or a passive solution with an active manager. This can mean that when a particular style is out of favour, your portfolio will not necessarily languish in the doldrums.

The reality of investing is that we are dealing with an uncertain future, in an uncertain environment. Diversification is one way to navigate this journey, because it improves your odds of meeting your goals while better managing your risks. As a critical component of your investment strategy, also keep in mind that the process of building a robust, long-term portfolio is often best performed with a qualified and experienced financial adviser.

ACCORDING TO THE WORDS BELOW, WHICH CAME OUT OF THE VERY MOUTH OF ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/17#71648203

[s]

veecovee:
ACCORDING TO THE WORDS BELOW, WHICH CAME OUT OF THE VERY MOUTH OF ...

https://www.nairaland.com/3560501/holineness-righteousness-revival-daily-messages/17#71648203

[/s]
Trash

Mcy56:

LOL
Anyway, its really more about lots of conspicuous ills that characterized the system.
It's just saddening that they do these things and gets away with it most times.

I completely understand you.

DOLLARTEX:
e go do you vum for eye.you better grab your copy,while stock last.

No vum vum for eye o

Banks Trend Check using d 50dma

All d big banks still trading below d 50dma , we saw some corrective price action from 52 wk lows and price making new higher lows

- GT (abt 15% jump )
- Zenith (abt 10% jump)
- FBN (abt 11% )
- UBA (19% jump )
- Access (under 10% )

Next:
- expect some resistance ard here
- wud be nice to see ''higher lows '' rather dan fresh new lows when d sell off continuation starts , den we are talking
- d reward of catching jumps in a down trend is too risky

Are you into importation from China or the US? We are the cheapest China/US shopping agent you can find anywhere, visit my signature to check out our website

52 wk highs & Lows

- when price stops making new 52 week highs , its d first sign of a change in d trend

d same applies to 52 week lows and some stocks hv made their last 52 wk low

#RandomThots

FG Probes Defunct Skye Bank Directors, May Begin Trial Soon
https://www.businesspost.ng/2018/09/30/fg-probes-defunct-skye-bank-directors-may-begin-trial-soon/

C&I Leasing Acquires Two New Vessels for Better Services
https://www.businesspost.ng/2018/09/29/ci-leasing-acquires-two-new-vessels-for-better-services/

GTBank Board Meets for Q3 Results, Announces Closed Period
https://www.businesspost.ng/2018/09/28/gtbank-board-meets-for-q3-results-announces-closed-period/

dipoolowoo:
FG Probes Defunct Skye Bank Directors, May Begin Trial Soon
https://www.businesspost.ng/2018/09/30/fg-probes-defunct-skye-bank-directors-may-begin-trial-soon/

Interesting! Almost as if it was necessary to put that out there so as to pacify people affected by the takeover charade. The investigation & or trial seem vague as there is no time frame.
Hoping for the best anyhow.

dipoolowoo:
C&I Leasing Acquires Two New Vessels for Better Services
https://www.businesspost.ng/2018/09/29/ci-leasing-acquires-two-new-vessels-for-better-service

Things are looking even better for C&L, the news is positive and hopefully reflect in the numbers soon, Q3 maybe, too early? anyhow, potentials for another good round trip is up here!

Bishopking:


No vum vum for eye o

we are fidelity,we keep our words.if you have it,I will say hold till end of October,otherwise sell oooooo.Disclaimer: I am highly loaded here,and ready to offload within short notice.

How to respond in turbulent times


https://www.youtube.com/watch?v=S3CcDjB_Mf8&list=PLchmjliHm8o-P_jQIzZNs-ZmQ3Ye-I5lm&index=4

4601CE:
[s][/s] Trash

Guess you dont know we have detecthief here now? I will report you o.
On a serious note, he was allowed to be posting only links here, let's just focus our attention on the stock discussions instead and allow anyone that cares to visit the link do so. E se pupo. Nagode. Dalu.

This place is dry o, is it that some people are practicing for Oct. 1st march-past or some are been interrogated by our detecthief deepsuk or some have traveled to the village for the holiday? Or......?
E be say na only me waka come this time of the day.......

Mcy56:
This place is dry o, is it that some people are practicing for Oct. 1st march-past or some are been interrogated by our detecthief deepsuk or some have traveled to the village for the holiday? Or......?
E be say na only me waka come this time of the day.......

Enjoy your home alone
My eyes are dirty with palmy
Mauve was rocky last Friday

Mcy56:
This place is dry o, is it that some people are practicing for Oct. 1st march-past or some are been interrogated by our detecthief deepsuk or some have traveled to the village for the holiday? Or......?
E be say na only me waka come this time of the day.......

Dr. took his students to the bar to teach them the other side of the curriculum.

Agbalowomeri:
Enjoy your home alone
My eyes are dirty with palmy. Mauve was rocky last Friday

Lol. Hope this village no go turn you to something else before December.

Mcy56:

Guess you dont know we have detecthief here now? I will report you o.
On a serious note, he was allowed to be posting only links here, let's just focus our attention on the stock discussions instead and allow anyone that cares to visit the link do so. E se pupo. Nagode. Daalu.

Yinmu ...

Mpeace:
Dr. took his students to the bar to teach them the other side of the curriculum.

Chai! You too dey there be that o. Maybe detecthief self dey with you there.
No wonder I saw one VeeVeeMyLuv viewing this thread, Vee too dey with you?
I mean to preach to y'all?

4601CE:
Yinmu ...

If I hear!
You'll soon go on another leave now, that your friend in pol section is watching you in 12D....

Mcy56:

If I hear!
You'll soon go on another leave now, that your friend in pol section is watching you in 12D....

I can’t even post in that section at the moment .
Antispam bot sef don mark my face