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Satchu's Rich Wrap-Up
Wednesday 11th of February 2015

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The Latest Daily PodCast can be found here on the Front Page of the site

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The Shark Dubai Mall Aquarium

Home Thoughts

Now that I am back to swinging a Line [When you are a Trader and the
markets are like that Golf Course I once played on in Arizona - green
and yours - then you have to pounce when the opportunity allows] I
like [and need] my Hannah's blessing and her smile. Last Night I got
home and asked

''Where is my Hannah?''

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Hannah Horseriding at @FairmontMtKenya

And her Mother said ''Don't You know she is at the School Disco.''

And when she came home she was so flush in the Face and I just sat
down and watched her. You know those times when we were all a lot
younger and we might have gone out and had a Great Gatsby like party

“There was music from my neighbor’s house through the summer nights.
In his blue gardens men and girls came and went like moths among the
whisperings and the champagne and the stars.”
― F. Scott Fitzgerald, The Great Gatsby

“For a transitory enchanted moment man must have held his breath in
the presence of this continent, compelled into an aesthetic
contemplation he neither understood nor desired, face to face for the
last time in history with something commensurate to his capacity for
― F. Scott Fitzgerald, The Great Gatsby

And the Girls' cheeks are flushed and everything is possible.

Well thats the Face she had and it was a pleasure to just bask in its glow.

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Syria conflict: BBC exclusive interview with President Bashar al-Assad
Law & Politics

The Syrian leader also denied that there was a direct dialogue with
the US-led coalition fighting Islamic State but confirmed that
"general messages" were sometimes passed via third parties.

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China's Navy to Send More Ships to the Indian Ocean H/T @Kimiri_Stephen
Law & Politics

During a press conference on January 29, a spokesperson of the Chinese
Ministry of National Defense (MND), announced that China will step up
its deployment of a range of warships in the Indian Ocean. IHS Jane’s
reports that Senior Colonel Yang Yujun, after being asked a question
on PLAN submarine movements in the Indian Ocean, tried to downplay
Chinese naval activities in the region, characterizing them as
“normal” and emphasizing that “there is no need to read too much into

“[T]he Chinese military has sent various kinds of naval ships to the
Gulf of Aden and the waters off the Somali coast to conduct escort
missions since 2008. And in the process, we have notified relevant
countries of the escort missions of the PLA naval ships, including the
PLA naval submarines,” Yang said in his remarks. “In the future, the
Chinese military will send different kinds of naval ships to take part
in the naval escort missions in accordance with the situation and the
requirement to fulfill the task.”

The presence of Chinese submarine forces in the ocean has the other
great regional power, India, worried. Indian military officers have
stated that the deployment of nuclear subs would cross a redline and
trigger a naval arms race.

As my colleague Shannon Tiezzi pointed out this morning, many Indian
and Western analysts believe that China is pursuing a clear-cut
long-term naval strategy to dominate the Indian Ocean. In 2005, the
U.S. consulting firm Booz Allen Hamilton came up with the “string of
pearls” hypothesis, which posits that China will try to expand its
naval presence by building civilian maritime infrastructure along the
Indian Ocean periphery. Those ports in turn could be put to dual use
eventually and serve as naval ports for ships of the PLAN.


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Currency Markets at a Glance WSJ
World Currencies

Euro 1.1316
Dollar Index 94.76
Japan Yen 119.60
Swiss Franc 0.9270
Pound 1.5240
Aussie 0.7769
India Rupee 62.215
South Korea Won 1096.32
Brazil Real 2.8346
Egypt Pound 7.6107
South Africa Rand 11.6789

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Oil prices are expected to test support levels, with Brent crude showing a good chance of breaking below $56.21, while U.S. crude could potentially break below $49.88, according to Wang Tao, a Reuters market analyst.

Crude Oil 3 Month Chart INO 50.48


Oil stocks held by countries in the Organisation for Economic
Cooperation and Development may come close to the all-time high of
2.83 billion barrels in the middle of 2015, said the IEA


"Another report of strong builds in inventories in this week's EIA
market report could halt oil's rally," ANZ bank said, referring to the
U.S. Energy Information Administration's stockpile data due on

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Gold 1 month INO 1237.48

Emerging Markets

Frontier Markets

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U.S. envoy urges Congo to set date for presidential election

Democratic Republic of Congo should promptly set a date for a
presidential election in 2016, a senior U.S. envoy said on Monday,
increasing international pressure on President Joseph Kabila to step
down at the polls next year.

Last month, street protests killed 42 people and forced lawmakers to
drop an electoral reform bill the opposition said was aimed at keeping
Kabila in power.

The attention has now shifted to the National Independent Electoral
Commission (CENI) which has yet to set a date for the election.

"We would like to see that global calendar as soon as possible,
including in particular the confirmation that the presidential
election will be held before the end of 2016," the U.S. special envoy
to Africa's Great Lakes region Russ Feingold said.


Is he listening to the Message from Ouagadougou

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10-NOV-2014 Ouagadougou's Signal to Sub-Saharan Africa

The tipping point for this accelerated sequence of events was
President Compaoré stacking parliament in order to extend the
presidential term limit. There are plenty of African presidents who
are seeking to pull off the same magic trick and events in Ouagadougou
have surely put them on notice.

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South Africa All Share Bloomberg +4.78% 2015 [Explosive start to 2015]

52,109.54 +4.16 +0.01%

Jo'burg Sunset @RMAKenya 312 days ago


 South Africa’s unemployment rate declined to a one-year low of 24.3
percent in the fourth quarter as the agriculture and construction
industries added jobs.


Dollar versus Rand 6 Month Chart INO 11.6789


Egypt Pound versus The Dollar 3 Month Chart INO 7.6107


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Nigeria All Share Bloomberg -15.96% [The Worst Performing Index in the World in 2015]

The naira retreated as much as 1.5 percent to 199.10 per dollar before
paring losses to trade at 199.01 by 11:12 a.m. in Lagos.


The currency is depreciating for a seventh day to the weakest level
since Bloomberg started compiling the data in January 1999, extending
losses this year to 7.8 percent, the most among 24 currencies tracked
by Bloomberg.

“The naira is becoming a campaign tool for the opposition party, the
authorities will want to do everything to provide support,” he said.

Yields on Nigeria’s $500 million of Eurobonds due July 2023 climbed
seven basis points to 7.45 percent, the highest since Feb. 2. The
195-member Nigerian Stock Exchange All Share Index fell 0.3 percent,
declining a fourth day. The gauge is down 16 percent this year, the
most among 93 primary equity indexes tracked by Bloomberg.

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“The signs are not auspicious” in the wake of the six-week postponement of the general election, said Gen Obasanjo

Gen Obasanjo said in an interview: “I sincerely hope that the
president is not going for broke and saying ‘look dammit, it’s either
I have it or nobody has it’. I hope that we will not have a coup . . .
I hope we can avoid it.”

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Kenya Shilling versus The Dollar Live ForexPros 91.50
Kenyan Economy

Nairobi All Share Bloomberg +3.95% 2015 All Time high


169.32 +0.29 +0.17%

Therefore, lots of Africa focussed monies have re routed from
Destination Lagos to Destination Cairo, Johannesburg and Nairobi.

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by Aly Khan Satchu (www.rich.co.ke)
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February 2015

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