Saturday, February 05, 2011

EGYPT RIOTS GOOD FOR USA

The economic hitmen have hit Egypt?

Egypt's crisis is good news for the stock markets of the USA and EU (Investors pull $7bn from emerging funds)

Money is pouring out of Egypt, and out of countries like India, and into the USA, Europe and Japan.

Emerging markets attracted $95bn in 2010.

Egypt has changed things.

According to Cameron Brandt, a global markets analyst:

"Since the fourth quarter, the perception of where the value lies in the equity markets has shifted pretty decisively toward the developed markets.

"If you were thinking of making the switch, Egypt gave you a nudge."

In 2011, India equities are down 11%.

(Could this be linked to the BOMBAY ATTACKS?)

Many investors are switching their money to the US, Europe and Japan, in order to avoid riots and bombs.

'Cairo
Cairo by Marwa Morgan

Naguib Sawiris, the chairman of Egypt's Orascom Telecom, told the Financial Times (Business calls for unity alliance) that the protesters "are losing support in the street: many people are against their demand of President Mubarak to leave.

"They worry about stability and people want to go back to their business.

"Already people are short of food and money (and) businesses are going bust."

He estimates that the unrest could wipe 10 per cent off Egypt's gross domestic product.

At the beginning of 2011, the economy was expected to grow by about 6 per cent.

On Sunday Egypt's banks are set to reopen their doors

"Many analysts say that foreign capital could pour out of the country once the banking system reopens, but concerns over domestic bank runs have also been mounting as Egypt’s political upheaval continues."





The Aljazeera, Palestine and Israeli Deception




WINNERS AND LOSERS IN EGYPT

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7 comments:

Anonymous said...

BP worked hand in glove with the Mubarak Dictatorship...

As if there weren't enough reason to hate BP for trashing the Gulf, BP has apparently been supporting Egyptian dictator Mubarak as well.

As the Guardian notes:

BP has been criticized by the non-governmental organization Platform, which claims the oil company had with other British and American oil companies "worked hand in glove with dictatorship."
The environmental and social justice group also said Hesham Mekawi, the BP Egypt chairman, has praised "the stability of the country" and claimed BP had allowed the American Chamber of Commerce in Cairo - of which it is a member - to put pressure on US Congress not to support a recent motion calling on Mubarak to hold fair elections and respect human rights.

BP has made Egypt one of its top priorities after a major gas find in the Nile Delta last summer. It hopes to more than double its oil and gas production to over 320,000 barrels a day – almost a tenth of its global output....

Anonymous said...

Aangirfan,
here a very interesting report from PressTV in the broader context of the Middle East.. the statements of Bruzonsky are quite revealing, specially concerning Obama, Rahm Emanuel and Aipac.. you have to download the video via Real, impossible to watch online as it is hacked by TPTB..
brgds Caveman

CanSpeccy said...

Anonymous said:

As if there weren't enough reason to hate BP for trashing the Gulf, BP has apparently been supporting Egyptian dictator Mubarak as well. ...

What kind of logic is that? What possible connection is there between hating BP for the Gulf oil spill -- assuming that you have been gulled by the media propaganda into believing the absurd claim that the Gulf oil spill was the greatest environmental catastrophe in the history of the world -- and BP's alleged support for the Egyptian President?

And as for:

The environmental and social justice group also said Hesham Mekawi, the BP Egypt chairman, has praised "the stability of the country" and claimed BP had allowed the American Chamber of Commerce in Cairo - of which it is a member - to put pressure on US Congress not to support a recent motion calling on Mubarak to hold fair elections and respect human rights."

You seem to imply that:

(1) BP should be praising instability in Egypt -- not something most Egyptians would appreciate, surely?

and (2) BP should be encouraging the US Congress to meddle in Egypt's internal affairs -- hardly something to enhance shareholder value.

Ali.mostaque said...

As ever excellent analysis, and extremely inciteful....Can we home in on the specific groups which are being funded by the Americans/UK for destabilizing Egypt PLEASE?

1. Those groups within the civilian protesters.

2. Those groups within the government.

The personalities and organizations from the USA/UK who are orchestrating this, beyond generalities....i.e embassy, NGO fronts etc.

John Friend said...

Looking more and more like a reshuffling of the deck, with Western backed murders like Suleiman being positioned for future leadership, as opposed to a genuine political realignment. But then again, that was to be expected.

Anonymous said...

referring to my post above..
here now the link I missed to include..

www.youtube.com/video/k2T5nVnBqww

Caveman

Anonymous said...

The official US account of the over throw in Egypt offers good insights - http://www.fas.org/sgp/crs/mideast/RL33003.pdf

 
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