Seeking Alpha

taharqa11

taharqa11
Send Message
View as an RSS Feed
View taharqa11's Comments BY TICKER:
Latest comments  |  Highest rated
  • A Grand Bargain: 8 Factors That Could Drive A Surprise On The Deficit [View article]
    Hopefully what you say will come true. Many people forget that the Constitution is the result of a series of compromises; I don't see why compromise has become such a dirty word as of late. People on the extremes also like to criticize moderates as being wafflers or indecisive when in fact moderates are the ones who actually get deals done. These days deals only seem to happen when the crisis is already upon us; compromise is seen as a last and least desirable resort when in fact compromise used to be seen in Congress as the normal course of events. I think the 24 hour news cycle and the pervasiveness of the news media are the primary drivers of this change. It remains to be seen whether or not Congress can ever regain the ability to do deals with their every word splashed across the media.
    Nov 8, 2012. 07:16 AM | 14 Likes Like |Link to Comment
  • Kenya, Ivory Coast, Nigeria, And Ghana: The African KINGs [View article]
    I've been living in West Africa for the past 7 years (on a work contract). With the exception of a position in Barclays Bank (BCS), my stock portfolio has no exposure to Africa. I really like living here and expect to be here a few more years, but there is almost no transparency in any activity and the rule of law in terms of contracts and regulations is just a rumor. With that said, I did read the whole article and appreciate the research. Maybe things will change sooner rather than later.
    Jan 20, 2014. 10:49 AM | 6 Likes Like |Link to Comment
  • The Fiscal Cliff Is The Best Fiscal Medicine [View article]
    Follow the money. See who has financially benefited the most over the past 10 years and ask yourself if they have sufficient influence in Congress to make this game continue.
    Nov 26, 2012. 08:21 AM | 6 Likes Like |Link to Comment
  • Not Enough Panic? [View article]
    It may be that fear is not that high because US-based investors see the current problem as primarily a European one. Also, after seeing repeat instances of central bank intervention there may be expectations that ultimately this will happen again. So why worry?
    May 24, 2012. 04:38 AM | 6 Likes Like |Link to Comment
  • The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. [View news story]
    Is the US any different? The US gov doesn't guarantee deposits above a certain amount either. So what place is completely and unreservedly safe?

    People have to realize that no place is 100% safe and they should never forget that. Only a fool would put their money somewhere and not keep an eye on it.
    Apr 7, 2013. 05:46 AM | 5 Likes Like |Link to Comment
  • Ebola Threatens Global Stock Market [View article]
    I'm actually living in West Africa right now in a country neighboring Guinea. I've been to Sierra Leone a couple of times way out in the bush, though not during the outbreak. I do think the western media is overblowing this and some of the aid organizations may see this as a way to get more money as well which is why they are throwing such huge money figures around.

    I can't predict the future, but I will be interested to see what happens when the rainy season finally ends here towards the end of November and things dry out. Sierra Leone, Guinea, and Liberia are heavily forested and quite moist when it rains. Ebola really likes moisture and they've had it in a big way since May, but it will be bone dry soon enough, and people will not be stuck inside anymore. Just something to think about.
    Oct 9, 2014. 12:03 PM | 4 Likes Like |Link to Comment
  • The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. [View news story]
    Tack:

    I've been living in West Africa for the past 6 years, and that experience has made me very much aware of the risk of doing even the most innocuous activity. However, as you imply in your last sentence, I rather like living in a place where real risk exists because life is more interesting lived in that fashion.

    I sometimes wonder if some of the depression and people shooting up schools and stores in the developed countries comes from the possibility that men need to have some risk in their lives to feel alive....
    Apr 7, 2013. 11:49 AM | 4 Likes Like |Link to Comment
  • The Case For Investing In Africa [View article]
    I live in West Africa, though I'm American. I'll give my .02.

    I actually agree with your article, but I'd like just to mention a couple of my own observations:

    1) The mentality of many people in Africa has to change too. Too many people think only of the present and short term, and don't plan long-term. This may be a result of the relatively high death rates causing people to want to spend what they have now instead of saving and investing long-term.

    2) Too much reliance on divine providence. So much so that there's a lot of apathy, like people don't really sense that they are in control of their own destiny, so why make a great effort? If it's God's will that I get rich then I'll just wait for it.....

    3) Corruption, corruption, corruption. I think this problem is more easily fixed than the two above, however the political will to fix it absolutely has to be there, and it's not in most countries, since being a high ranking government official is still the easiest way to get rich.

    The mentality present in much of Africa has to change before development can accelerate. Part of the problem is that, for all the problems that one sees in Africa, I find most people are actually pretty complacent, and complacency breeds apathy (though to some extent I do agree with them. If you're poor but happy with your life then why change it just because foreigners come and tell you you should be unhappy?).
    Nov 8, 2012. 02:20 PM | 4 Likes Like |Link to Comment
  • 2 Storms Coming [View article]
    Regardless of which party wins, they both belong to the same wing: the crony capitalist wing. Banks, health care, 'green' industries, defense contractors...yep same people.
    Oct 30, 2012. 03:51 AM | 4 Likes Like |Link to Comment
  • American Third World Cities Are Going Under [View article]
    I live in a "3rd World" country in sub-Saharan Africa, and while some comparisons could be made between US cities and here, the best one I can see is the disconnect/gap that is developing between upper class and the rest. The US still has quite a few successful entrepreneurs, to be sure, but there seems to be developing a group in the upper class which is determined to use sophisticated types of fraud, including shady alliances with government entities, to maintain or increase their wealth. That is just as worrisome to me as the pockets of poverty in the US. Rome rotted from the top, not the bottom. As far as diet, people here where I am would eat
    better than poor Americans if only they would stop loading everything with salt and sugar and frying everything in heavy oil.
    Jul 19, 2012. 07:43 AM | 4 Likes Like |Link to Comment
  • The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. [View news story]
    Unsure Now:

    West Africa isn't really terribly dangerous but I do enjoy backpacking around the region by myself, which does carry some risk. Alaska would appeal to me if it weren't so cold.

    In terms of my comment about risk and mental stability, people are different. Some people do not like risk, and so they are more comfortable in places where things are predictable and safe. Others find that kind of life suffocating and they may lash out in illogical and self-destructive ways. I was in no way making a blanket statement about behavior or peoples' motivations in developed countries.
    Apr 7, 2013. 05:18 PM | 3 Likes Like |Link to Comment
  • The EU is preparing to take the apparent non-template that is the Cyprus bailout and incorporate some elements of it into a new law that would force haircuts on large deposits in banks that fail, economic affairs chief Olli Rehn has said. Bundesbank Jens Weidmann says that the Cyprus crisis shows that banks can be wound up. Along with Rehn's comments, it also shows that depositors' money is no longer safe in Europe. [View news story]
    WMARKW: That depends. If her small investment portfolio is small because you invested it in Enron, Worldcom, Fannie and Freddie, and MF Global then I'll bet she isn't too pleased.
    Apr 7, 2013. 02:51 PM | 3 Likes Like |Link to Comment
  • The fiscal cliff deal will add almost $4T to the deficit over the next ten years, the CBO calculates, citing the codification of tax cuts for most Americans. However, despite the measures, overall taxes will increase for over 75% of households in 2013, says the Tax Policy Center. Meanwhile, Republicans and Democrats are hardening their positions ahead of the upcoming battle of the debt ceiling, which has around two months to run. [View news story]
    The debt ceiling will be raised. Too many congressmen have their fingers in the spending pie to make any real cuts. Many Republicans in Congress will squawk and fuss to make it look like they're deficit hawks when in fact they're only tax hawks, and always have been. In the end few spending cuts will be made.
    Jan 2, 2013. 04:04 AM | 3 Likes Like |Link to Comment
  • Population growth is exploding in the developing world, and health care in these regions is poised to become the world’s fastest-growing and biggest industry. Statistics show only nine hospital beds per every 10K people in low-income countries, with less than one-half-of-one doctor per 1K people, compared to 57 beds per every 10K in high-income countries and more than two-and-a-half doctors. Health-care providers are taking notice, using micro-franchises in these regions to set up clinics, distribute pharmaceuticals and render basic advice in rural areas. [View news story]
    People where I live in West Africa don't usually go to doctors. Reason? Too expensive or too hard to find. Even a $20 fee will put most people off going. Instead they'll go to the witch doctor who will charge $5 and give them some quack cure. Most people will then recover on their own, and credit the witch doctor. Those who don't recover will finally go to the doctor when it's practically too late. Hospitals here are mainly just morgues. Tack is right. At least, look to invest in areas where incomes are high enough where people will actually go to a doctor as a first resort rather than a last one.
    Nov 24, 2012. 12:40 PM | 3 Likes Like |Link to Comment
  • Investors Should Pay Attention To Ebola - It Is Getting Worse [View article]
    Curiously, the epicenter of the disease, in the border region of Liberia, Guinea, and SL, has seen a drop-off in the number of cases. Guinea as a whole is not seeing many new cases. I think with the arrival of the dry season there, the health care workers will find it easier to access and treat people. The disease is clearly not easy to catch.

    By the way I'm on the ground in Senegal, watching closely but not very worried about catching Ebola. To borrow a quote, 'The only thing I have to fear is fear itself.'
    Oct 27, 2014. 04:06 AM | 2 Likes Like |Link to Comment
COMMENTS STATS
37 Comments
90 Likes