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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (46423)	2/15/2009 10:30:10 AM
From: elmatador	Respond to of 217825

Angola Report: It is sputtering. Was growing at 15%. Projected 11.8% GDP growth for 09 last November. Today counts with just above 3% growth. That is what Economy minister think, because Angola needs to grow at least 3% not to go backwards because birthrate is 3%. 2002 when civil war ended oil was $15, in the last 6 years it went to $147 last July. Angola exploded riding the oil wave. Ambitious program of national reconstruction fueled that growth. Luanda growing almost like Dubai, only that we don't see Pakaistanis, Indians and Bangladeshis but Chinese, Brazucas and Portuguese. All that financed by oil which provides 90% of the income. The rest is diamonds (Angola is 5th world's producer). Both oil and diamonds cannot pay for the ambitious reconstrution program. New projects won't come out of the paper. Existing projects can continued since they were already funded. Projects that ran out of money in the middle, will not be completed. Go to the minister of finance and he will not cough up more money. Remember those skeletons in Jakarta and Bangkok? Well, we are going to see quite a few in the cityscape here. Overall will be healthy for the country since it is part of grwoing up. The faction who won the civil war, has never ran a normal country. They knew only to fight the other faction and ran a war torn country. They don't have what to takes to run a normal country. Neither have seen money in their hands before. Similar to Nigeria in 1973 coming out of the Biafra War and will be a replay with the same end...

To: TobagoJack who wrote (46423)	2/15/2009 12:09:28 PM
From: elmatador	Respond to of 217825

Chinese President Heads to Saudi Arabia, Africa. Will offer more aid to Africa and discuss potential energy deals on a trip to Saudi Arabia and four African countries (Mali, Senegal, Tanzania and Mauritius). next week. By Alison Klayman Beijing 06 February 2009 Hu Jintao (file photo) China says President Hu Jintao will offer more aid to Africa and discuss potential energy deals on a trip to Saudi Arabia and four African countries next week. Saudi Arabia is one of China's main sources of oil, and Beijing has been working hard to expand its presence in Africa. President Hu's first overseas trip of 2009 will take him to Saudi Arabia on Tuesday, and then to Mali, Senegal, Tanzania and Mauritius. Assistant Foreign Minister Zhai Jun told reporters Friday that President Hu and King Abdullah will discuss energy cooperation when they meet next week. Zhai says if talks go smoothly between the two leaders, some agreements may be signed. In 2008, Saudi Arabia was China's largest source for crude oil imports. Saudi Arabia exported 36 million tons of oil to China that year. The Persian Gulf region provides more than half of China's oil. In contrast to Saudi Arabia, the four African countries on Hu's week-long trip are not rich in energy or resources. Zhai says this is an indicator that China-Africa relations are based on more than just commodities. Mali, Senegal, Tanzania and Mauritius are all longtime allies of Beijing. Mali established relations with China when it became independent in 1960, and Tanzania and China are marking 45 years of diplomatic ties. Trade between China and African countries reached $106 billion in 2008, a 45 percent increase from the previous year. At a 2006 Beijing summit with African nations, leaders signed 16 agreements worth a total of $1.9 billion. Then, President Hu promised $5 billion in loans and credit. He also promised to double China's aid to Africa over a three year period. Assistant Foreign Minister Zhai says he is confident China will meet that target by the end of this year. President Hu's Africa trip is his second visit to the continent since the 2006 summit. Last month, two other high-level Chinese officials also went to the region. Foreign Minister Yang Jiechi visited Uganda, Rwanda, Malawi and South Africa, and Commerce Minister Chen Deming visited Kenya, Zambia and Angola.

To: TobagoJack who wrote (46423)	2/16/2009 12:01:58 AM
From: Cogito Ergo Sum	Respond to of 217825

Geez can these guys really be using this kind of logic ? Found on KItco.. dnaindia.com "The willingness of the foreign investors to recycle their dollars back into the US economy explains the dollar's stability...And as long as they stay willing, the supply and demand for dollars will balance, and its stability will continue," write the authors. and then in the next breath.. The question though is, with the impending collapse of the US dollar and the fact that large parts of the world economy are already in a recession, will they continue to do so? "What happens if they decide to actually start selling their treasury bonds...In all probability, the dollar will weaken further, causing investors to look elsewhere for opportunity causing demand for dollars to dry up...In such a "flight from currency," the demand for dollars will dry up...And we'll return en masse to the only money that is impervious to government mismanagement: gold," write Turk and Rubino. Something fuzzy there LOL The Toronto Star Sunday edition front page had an article on the 'doomsters' (Sounds like you are an optimist ;o)... References to sheeple.. Now if a mainstream Toronto newspaper is turning a Front page story about doomsters and sheeple... are they groundbreaking :O)

To: TobagoJack who wrote (46423)	2/16/2009 2:18:00 AM
From: elmatador	Read Replies (2) \| Respond to of 217825

China's image improves as world economy slumps. Image changing from that of currency manipulator to a source of badly needed consumer demand. ... The quick shift in the G-7's stance toward China underscores how sharply policy positions are changing as the world economy continues to struggle. It also is further proof of the diminishing stature of this once august group as it has become clear that large growing economies like China, India, Brazil and South Korea, which are part of the Group of 20 but not the G-7, will play defining roles in generating the purchasing power the global economy so desperately needs. iht.com