Global exchanges are in the downward roller coaster (free fall). They are plummeting. Economic Indicators in all sectors, financial data and statistics, and very credible data sources and agencies across the globe paints a very grim economic picture; we are in a recession to say the least. And what are we going to call it when matters continue in the same direction unabated? The answer may not be too good to hear
1929 is a year many cannot think of without referring to the word depression. Indeed it was the year many people believed America came to her knees. It is the year the stock market crashed, and international trade almost came to a halt. Even though it started in the United States, it quickly spread across the world, and its effects were devastating; it is the year many believed American empire was doomed, it was chaotic.
Today’s financial crisis that started in the United States and rapidly spread to the entire world, and bears the hallmarks of this sad historic time. Despite, the nightmare and havoc it wrecked and shuttered economies around the global economies, America re-emerged as an empire that has ruled the world with an iron fist; socially, economically and militarily.
Recession is here, no doubt or question about that. People are loosing their jobs, financial markets are dwindling. Saving plans are being wiped out, credit has become a luxury to many people around the world, food prices are above the roof, investors are terrified and pulling their investments. Cities and States cannot meet their budgets, social services are being curtailed. Consumers have become worried to spend, businesses large and small are feeling the same impact of low revenues leading to shutting down or streamlining their workforce; Echoes of a recession! Duration of the recession? No one knows at this point!
Shelving history aside; financial giants have suffered massively in Wall-street. CitiGroup has lost more than $138 Billion, Bank of America has lost more than $86 Billion, and AIG has lot more than $147 Billion. Fannie Mae lost $64.1 Billion out of $68.8 and the list goes on and on. In total the financial markets alone have lost more than $4 trillion. The fact of that matter is, the American empire is crumbling, and if the empire has to go, who does she have to drag down with her?
Many have speculated that China is on the verge of becoming the Economic superpower, not knowing the Chinese economy is very vulnerable and depends on American and European consumers for the most part? This translates into the fact that, China cannot emerge to be the economic superpower considering the fact that, it has more than 1.4 billion people with a GDP of 7 Trillion dollars, yet America dwarfs that with a staggering 15 trillion dollars GDP, and less than 300million people. Financial facts at hand are not favoring China at this point. Neither is Russia or India which are both developing nations.
No matter where we go, deeper recession, or into depression, the empire is going to rise once again. What we have to think of at this point is, how we are going to handle the crisis; how prepared are we in Tanzania? Is either of these effects going to push our country into the right or left of the social political spheres?
Investment Banking requires thorough research, and this compels many in this field to dig deep into all kinds of statistical data, carry financial modeling, work with Businessmen, lawyers, economists, accountants, historians and many other experts in various fields in order to know the trend necessary to make wise and sound investment decisions. Therefore, to conclude that extreme economic difficulties results in social unrest is a very fair assessment that cannot be disputed, and therefore we must have contingency plans to deal with such eventualities should the recession go further than anticipated.
In our series of discussions, our people (Citizens) were given several tips on how to stay a float in these difficult times. Fortunately enough, several minds such as Dr. Shayo, seeing the danger have been triggered to demand clear and concise plans, from the government in regards to imminent economic turmoil.
All in all, I agree with Dr Shayo and support his vision for the country, except that, there is no defined time frame for recovery, neither is there concrete evidence that assets will continue to loose their values in the next two years. World economies are more or less intertwined; Market forces, especially speculation in free market economies can turn things around overnight, or could drag on for un-seeable future.
While I agree with Dr Shayo on demanding more from the BOT governor, I am categorically faltering him for being more or less theoretical than factual in criticizing the governor. Dissecting his arguments from either legal stand point or simple logic, of which I prefer the later, Dr. Shayo failed to address the main concern which is how to incline the threat facing our country, and that is curbing the imminent recession.
It is also my understanding that, Iceland Bank does not exist as an entity, rather as a country whose banks overleveraged themselves and invested in toxic assets, and the Brits seems to be using Iceland’s economic woes as a scapegoat for their failure.
Long term investment alternative, and bargains in the market at this point are very valid points when it comes to strategizing for the future profitability, more over due to the turbulent in the waters, any good financial advisor would advise his clients to hold on to their hard earned monies until we get to the bottom of this. However, I do think this also negates and deviates from the point, simply because the nation does not need profits as of now, but rather trying to save itself from the impending economic doom. Strategy should be saving the economy with robust measures (fiscal measures) not profiting.
Not too many Tanzanians invest in the stock market, and neither are many of the country’s companies. If financial markets are the best alternative he can advice, then Futures and options perhaps are the best bet for the biggest risk takers. Even though investors have cold feet at the moment, the risk takers are still making huge profits by buying puts in the commodity markets.
In a sunny day scenario, long term (debts) bond market may recover as he suggested, but in rainy day scenario, it is all literature due to the fact that, some of these debts especially corporate debts may be very risky to purchase. And this includes asset backed securities; and I do hope other experts with decades of financial and risk modeling experience will agree.
However, demand for short term notes (debts) or other commercial paper may change based on the borrowing rates and terms, and hopefully this explains the fact that, both fixed income and equities are equally vulnerable in times of economic hardship.
While diversification works fairly well in a “cateri paribus” normal economic environment to safeguard or minimize losses, it may not be of greater help in these times. Mutual funds for example are much more diversified, yet have suffered horrible losses. The only logical and sensible alternative at this point is the long term investment as he suggested which is good for people with extra disposable income or liquid assets that are of no use at the moment, and not common man who live day by day, and whom the government must protect against adverse economic conditions.
While much of his stinging criticism is theoretical, the country is seeking immediate proven practical ideas and actions to safeguard the economy against recession, as well as ensuring economic continuity. Even though we differ on several issues, we however, concur on one major point, and that is advising the country on the imminent economic danger, and plans in place to counter it from our government, rather than being too general and shallow to the public.
We must also, understand that, as a central banker, the Governor can only talk of monetary policies and measures; most likely he was trying to avoid stepping into others toes (Economic Minister’s Docket), at the same time avoiding sending panic into the economy (playing safe). Dr Shayo, if you will, I am, once again, reminding our fellow citizens to Abstain and cut OFF completely, all the unnecessary spending, and purchases.
Do not rush into the bank to withdraw your deposits, because you will create an environment in which banks liquidity runs to zero, hence a collapse.
Make sure you ask from your bank how much money they insure with the central bank .Those in America and Europe, be assured that, all your deposits are safe as long as it is not above $250,000 for those in America. Bank of England and European Union Central Banks are currently in charge of all deposits
Constantly check with your Bank to see how things are moving in terms of the safety of your deposits
I know many cannot afford depositing their monies into precious metals, but for those with excess cash, may want to consider this option as an alternative to safeguarding their most liquid assets (cash) and these valuables can be deposited in most of the banks, this will ensure economic continuity in the economy.
Be careful, and not fall a prey of con artists with cure to any economic problem. Your trusted licensed banker and government monetary officials entrusted with the task should be the only persons to deal with.
While our citizens are waiting for more than what the governor has offered, hopefully, the government can borrow the following pieces of advice from her citizens or have the following plans in place!
Aggressive monitoring and compelling banks to be transparent and disclose their liquidity, to the customers or to the designated government agency such as the central bank.
Ensuring all Banks, brokerage houses and other financial institutions, deposits and insure reasonable amounts with the central bank or designated organ (s).
The Government must step out and assure the public, on the safety of their deposits
There must be plans in place to bail out any fallen institution, and this bailout must be in the form of a repayable loan within a specified period of time.
The government must be ready to issue short term loans, and other incentives to banks and institutions that are vital to the economy of the country, including small businesses that may crumble, to ensure liquidity and economic activity continuity.
The government must be ready to take a stake or ownership of some banks that shows weakness, for a period of time, until economic climate returns to normality
There must be coordinated interest rates, cuts for that matter, and also presidential or parliamentary emergency bill to reduce taxes .
Have in place plans to counter unprecedented inflation.
The government must prepare the nation for budget shortfall. Many ministries may not get sufficient funding due to the fact that, our nation depends on foreign aid to some degree to fully subsidize her annual budgeting.
At this times when precious metals are of high demand, GOLD a rare commodity produced in our country should be bought locally by the government to safeguard national assets against any eventuality. Infarct the government should invest HEAVILY on this commodity.
Gold should be the medium to treasure and protect national wealth in times of “extreme hardship” instead of foreign currencies which fluctuates. Mere pull out of foreign deposits may not help when matters come to extreme, such as deep recession, or depression accompanied by uncontrolled inflation.
America and the west rose from the rubbles of 1929 great depression, and ruled the world economically. We are optimistic that the Bear Markets (Wall-street) will and the rest of the world will rise again, but for the time being, we must prepare for all eventualities.
Should the empire collapse, let’s hope she is not going to drag our country and the economy into the ditch. Once again, our Economists, policymakers and monetary experts have perhaps taken measures, or have aggressive and robust plans in place that are going to safeguard our investments, savings, economy and national treasures.
And by the way, Mr. Governor, I hope you are listening?
Mungu Ibariki Tanzania
By John Mashaka
By John Mashaka
The Writer Is a US Based, Investment Banker & Social Activist, of Tanzanian Origin.
Inasikitisha sana habari nyingi tunashindwa kuziweka kwenye lugha yetu ya Taifa Kiswahili ambayo wewe na mimi tunaelewa vizuri sana.Siwezi kufikiria kuona mnorway au msweden au Mfinn akiandika kwa lugha ya kigeni kuwaandikia watu wao.Kwa nini tunakuwa na hii hali,ni mawazo ya kitumwa au kutojiamini?Ukienda Bongo tafiti nzuri ambazo zingeelemisha jamii ziko kwa Kiingereza ambacho wanaelewa tabaka fulani tu.Maarifa hayana uhusiano na lugha ya kiingereza,andika kwa lugha yako nzuri ya Kiswahili.Amka sasa na jiamini!
ReplyDeleteHoly CRAP; kumbe huyu jamaa walikuwa wanamzinguli bure tu? Aisee, I salute you Johni Mashaka
ReplyDeleteHuyu mtoto ni kichwa, Hii ni babu kubwa, umeamsha sana vichwa Tanzania.
Haya Dr. H. Shayo umepata saizi yako. alivyo kukuchambua siyo utajibu vipi.Pongezi sana mdogo wangu hii ni article tunayoitaji Tanzania kwetu. Walimu wetu vyuo vikuu ambao ni blah blah, hapa ndo mwisho
Shayo laikuja na kiatu # 6.5 hapa ni #10 haiwezi kumtosha. Nadhani haya malumbano tumekuwa tukiyasubiri kwa muda mrefu, inaonyesha vijana wetu walivyokomaa kiakili siyo ile serikali yetu tuliyoitegemea kwa miaka 40 bila mafanikio yoyote. Hawa vijana siyo Shayo siyo Mashaka, wote kama watanzania inabidi warudi nyumbani waendeleze libeneke
ReplyDeleteChua (Mikocheni)
Jamani mie kusema kweli sijaelewa kitu ila nadhani ni mjadala mzuri tu. Asanteni sana vijana kwa kuwa mahiri na kuiwakilisha tanzania inavyostahili. Watani wetu wa Jadi (WAKENYA)sasa kazi za kujaa maofisini kwetu imekwisha.
ReplyDeletePlease dont be deceived. John Mashaka has no brain to write this article. This article has been written maybe by one of his co-workers or his old professors.
ReplyDeleteTanzanian's have gotten smartter, and cannot be deceived. He is not that intelligent inrarft the guy lives in Mwanza. Yaani anauza pale Mkendo hayupo Marekani, huyo Pengine ni Mmarekani ambaye ameishi Tanzania na kutumia hilo jina.
Mimi naishi hapa NY, Na Benki nyingi hapa, hasa investment Banks haziwezi kuajiri Waafrika. They are mostly Whites and Jews. Blacks do the paper pushing work, and most of the workers comes from Harvard, Yale, Princeton and U-Penn etc...
Mashaka hawezi kuwa anafanya kazi kwenye investment Bank. Haiwezekani, hana upeo huo. Ndugu zangu siyo mwafrika tena Mtanzania aingie Wall-Street. Hiyo i sehemeu wengi wanaangalia kwa mbali tu.
Inshallah kuna kucha Tanzania. Jua linawaka, vijana wetu wanaamka. Hii inaonyesha jinsi mababu CCM wawe macho, la sivyo wanakujwa kupiga manyanga. Vijana wanakuja. Haki ya babu, hii imeandikwa kwa ufasaha na kisomi. Ila badala ya kutumia mablogu, mbona msije nyumbani mpambane na CCM kama wakina Kibenea?
ReplyDeleteKumbe hizo mawani zilificha busara. umewanyima waosha vinya na wabeba boxi cha kusema, hapa hakuna wa kuandika pumba. umeponea chupuchupu kwa maana hata mimi ningekumwagia radhi lakini nimeshindwa kuelewa
ReplyDeleteJohn Mashaka, I do no longer believe in you anymore.
ReplyDeleteAm' looking at you and Prof Ndullu as two people with the same ideas of rolling the dice of our country economy and financial future into the hands of political bosses. You are still reinstating your wrong ideas which you gave in two articles that you wrote recently, and tried again to show us that you’re in disarray with the ideas given by DR Shayo who was right in questioning Prof Ndullu capability in handling this issue.
Some other people even went to far questioning the college that Prof Shayo is teaching in UK and saying it’s not accredited with business afficiliation or authority. That was misleading because it is accredited with UK ministry responsible with high learning education equal to all other universities in UK. I am perfect that even UDSM the best of the best that we have in TZ is not even accredited with AACSB or ABS because all this are representatives body that any institute can join or not. Ok, does that make all of UDSM professors and faculty of commerce students fake in their degrees, No.? Because UDSM is accredited as a High Learning Institution in TZ and will remain that way as a fact.
I don’t care what Prof shayo doctorate, or second degree or first degree is or was . Same as I don’t care or dare to know , what Mr. Mashakas first degree or second degree is. I am caring most the truth that Prof Shayo stated and not you Mr. Mashaka. We need people with multi knowledge and who will understand what we will suffer. Not financial- political people.
“Take an example of USA where 35 years old smart guy is running the show. Neel Kashkari (born July 30, 1973) is the Interim Assistant Secretary of the Treasury for Financial Stability in the United States Department of the Treasury. In this role, he heads the Office of Financial Stability, the office set up to buy troubled financial assets from U.S. financial firms under the $700 billion U.S. Government Troubled Assets Relief Program. Kashkari joined the Treasury Department in July 2006 as Senior Advisor to U.S. Treasury Secretary Henry Paulson and was later appointed as the Assistant Secretary for International Economics and Development, a title he still holds, though his international affairs responsibilities are delegated to Assistant Secretary for International Affairs Clay Lowery.[1][2][3]”
“USA itself has put all hands and brains to this very smart Indian – American known to handle this financial crisis. Mr. Neel Kashkari has a Bachelor's and Master's degree in engineering from the University of Illinois at Urbana-Champaign and an MBA in 2002 from the Wharton School at the University of Pennsylvania.[2][1] Before enrolling in Wharton's MBA program, Kashkari worked for the aerospace firm TRW, where, amongst other projects, he worked on the James Webb Space Telescope.”
If all of “America Wall Street and DC Treasury Dept finest” did not understood this problem coming and are giving a 2002 MBA graduate, Mr. Neel kashkari all tools and belief to solve this global crisis, then you have to understand that Prof, Gov Benno Ndullu and people like John Mashaka the Investment Banker who thinks to know something , are spoon headed swinging with the administration (Gov of TZ)to lure its citizens. Prof Shayo , like Mr. Neel Kashakari are people who we need now, who have vision to see what is coming, questioning the authorities and help to solve the problems before they happen.
Let’s agree that this problem is beyond Prof Ndullu hands and it need a set of new faces of knowledgeable people who are not in favor of what our political bosses want to hear, but the reality of what is going to happen. Technically, what we want to hear from Gov Ndullu is how he will take our Country un-stable financial history pass through these turbulent waters, which the whole world will suffer.
Every country that depends on US dollars to run its economy in one way or another will suffer on its own, and Tanzania not being an island when it comes to this financial crisis will suffer too. I am sure we will suffer the hardest in our ways and terms and it will be hard for us to withstand this turmoil compared to other countries which have resources, monies and means to stand through this turmoil.
Let’s take an example of China which does not rely on” bank credit lines or prime mortgage like USA”, but also suffered this same financial crunch on its own terms. China, like any other country will have their own different signs of economical and financial bubbles that will show this problem is not a US problem but a global problem that China and those other countries will have to face. Same as in Europe, the financial problem they are facing today was not caused by prime mortgages or individuals’ credit lines, it was caused by other problems but those other problem made it hard for EU business small and big to acquire loans and be able to compete. In Tanzania we do not also rely on credit lines or mortgages but we dependent to balance our budget through donors monies. Which means our monies in bank might be ok, but what about the unbalanced country budget.
Mr. Mashaka through your ideas you have sided with Gov Ndullu and did not stand with others on saying the truth which gave me the reasons of doubting your knowledge and ability of understanding what problems we will face on our side. I am sure you were right when you said that we will not face or suffer the same problems of stocks, mortgages or credit like US, because our banks did have a more scrutinize approach on making sure that right people were able to get loans. That’s right, but you did not say then what we will face or suffer– Lets me put it straight forward that our very ,very big problem through this financial turmoil will be on balancing our country budget. Ours is not stocks, or getting individuals credit from banks, or lenders going unplugged in issuing loans to people who need to buy houses. Ours is quite different, and that’s why I will have those doubts with you. We are not supposed to think that ours will be the same as US, we are required to think ours on own ways and terms, and how prepared are we to solve them.
Aisee, Hildebrand Shayo, Ulionywa kwamba wewe ni mwana Hisabati, hachana na kuvamia fani za watu. Matokeo yake ndo haya.
ReplyDeleteBwana mdogo amekuchambua ponti baada ya pointi na kukufanya uonekane bwege na udaktrari wako. Kumbe hawa ma phD's wengine ni bure kiasi hiki?
Haya umeyataka mwenyewe, kazana
kiuanaume, ila Mashhaka amekukanyaga vibaya hapa hakuna ubishi. fundisha hesabu siyo maswala ya kifedha au uchumi.Ila naona malumbano ndo yanaanza. kichuguu cha siafu mmekibomoa, vurugu na zianze.
Mimi Englishi is not reachable, ningemwaga Razi ile mbaya. Ila nitakaa kandokando nishabikie. Mshindi ndiye rafiki yangu
ReplyDeleteJuakali Keko
tembo wakipigana, ziumianazo no nyasi. lakini kusema kweli malumbano yenu ni ya manufaa kwetu sis watanzania
ReplyDeletewhy was u confusing us the reading people.prefesa is saying this, shayo is saying that, and mashaka was saying that one. who is telling true things??? all telling bullshiiiiittt. because in tanzania no recesheni, tanzania is keeping his money in the bedroom, and watching with a knife for thieves. if no american money mashaka not true. thank you very mach.
ReplyDeleteantonia lumaru.
kings college-london
bachela of arts, history
Nyie wote mmelewa misokoto. Hakuna cha shayo wala cha mashaka. nyie mppo ulaya mnatesa sisi tunakufa njaa. kama mnatujali basi mrudi tuteseke wote.
ReplyDeleteMashaka you are dead wrong.
ReplyDeleteUmesema mambo manne ambayo serikali inatakiwa ifanye.
- Bail out any falling banks
- Issue short term loans to banks.
- Take ownership of banks that are falling.
- plan in place to counter un-precedented inflation.
Mhhhhhhh! what are those solutions.
Then unasema nchi ya TZ haitakuwa na matatizo ya kifedha au kibenki?
Soma taarifa ya Shanta Devarajan, mwanamama mhindi ambaye alisoma PHD ya Economics -Berkley na degree ya pili na ya kwanza ya Hesabu - Princeton. Ambaye alikuwa mkuu wa Uchumi wa benki ya dunia , kuhusu masuala ya bara la Afrika ,kabla hajahamia Bara la Asia. Alisema TZ na Africa kwa ujumla itakuwa na matatizo yafuatayo kutokana na haya matatizo ya kifedha ya dunia.
- Fail out of some banks with foreign ownership
-Potential decline in private capital flows
-potential decline in commodity prices
- Macroeconomic imbalances in banks.
Ukiangalia hapo juu matatizo yote yako kibenki na moja tu ndilo litakuwa kwa wanachi. La kupanda bei kwa commodities.
Mawazo yako manne uliyoyatoa hapo juu hayafai kabisa kwa kuwa TZ kiuchumi inaendeshwa na mabenki ya nje.Serikali haiwezi:
A) Kubail mabenki yote kwa kuwa haina hiyo fedha nikiwa na maana ya US Dollars na sio local money
B) Haiwezi ikatoa short term loans kwa hayo mabenki kwa kuwa haitakuwa na uwezo wa hizo fedha.
C) Take ownership of banks pia ni jambo haliwezekani kwa benki zote zenye matatizo.
Elewa mabenki asilimia 90 yaliyopo TZ yanamilikiwa na mabenki ya nje na watu binafsi.Na ndio yanaendesha uchumi wa TZ. Yanategemea fedha kutoka nje katika mabenki mama na kuyawekesha TZ ili kufanya biashara. Na hayo mabenki ni:
1. AccessBank Tanzania Ltd.
2. Akiba Commercial Bank Ltd.
3. African Banking Corporation Tanzania Ltd.
4. Azania Bank Ltd.
5. Bank of Baroda Tanzania Ltd.
6. Bank of India Tanzania Ltd.
7. Bank of Africa Tanzania Ltd.
8. Barclays Bank Tanzania Ltd.
9. Bank M Tanzania Ltd.
10. CF Union Bank Ltd.
11. Citibank Tanzania Ltd.
12. Commercial Bank of Africa Tanzania Ltd.
13. CRDB Bank Ltd.
14. Dar es Salaam Community Bank Ltd.
15. Diamond Trust Bank Tanzania Ltd.
16. Exim Bank Tanzania Ltd.
17. FBME Bank Ltd.
18. Habib African Bank Tanzania Ltd.
19. International Commercial Bank Tanzania Ltd.
20. KCB Tanzania Ltd.
21. Kilimanjaro Co-operative Bank Ltd
22. Savings and Finance Commercial Bank Ltd.
23. Stanbic Bank Tanzania Ltd.
24. Standard Chartered Bank Tanzania Ltd.
25. Twiga Bancorp
Mabenki ya serikali au mashirika ya serikali hayazidi 8 labda nani haya :
1. NBC Ltd
2. NMB Ltd
3. Tanzania postal bank
4. Tanzania Investment Bank
5.Kilimanjaro co-operative Bank
6.People Bank of Zanzibar.
John Mashaka , check your knowledge.
Writing in a long English , does not make you the knowledgeable finance guru. Muelekeo wako as an Investment banker wa kuuza securities na kuadvice clients kunua hisa ndo zilifanya tukwa na haya matatizo. In real wewe nae ni part ya haya matatizo na huna ukweli wowote wa hili tatizo. Muachie Prof Shayo atuelezee ukweli na suluhisho sio wewe.
Soma solution za Shayo vizuri na ujue ndizo zinazofaa kwa Mabenki ya kiTZ na WATZ kwa ujumla.
Hahahahahahaha!!
ReplyDeletendo wale wale :
Mr. John Mashaka
Mr. Gov, Benno Ndullu
Mr. Lila H. Mkila
Deputy Governor,
Financial Stability and (Financial) Deepening (FSD)
Hawana lolote , kazi kutudanganya tu.
"Asian stocks fell for a fifth straight day on Tuesday as investors pulled money out of the region in anticipation of a deep global slowdown, while Japanese bank shares tumbled on expectations of sharp market losses."
ReplyDeleteNgoma nzito sasa dunia nzima
Bravo our Comrade Tanzanians (DR Shayo & J. Mashaka) for this discusion. My contribution is that let's task our mind with spoting opportunities in all this so-called financial mess, instead of overtasking oursleves with groomy knews.
ReplyDeleteWhile the monetary authorities are doing what is within their spheres, at individual level we should reduce our overdependence on the Govoernment to solve our personal financial challenges.
Financial products Comrade Mashaka is advocating should be demand-driven rather than supply-pushed. Supply-pushed products could be one of the fundamental cause of the financial mess in the US, because investors were "forced" or cajoled to invest in products they could not understand. Both unsophisticated investors and even competent institutional investors (with huge army of CFAs) invested in such "toxic" assets!!
The lesson is therefore for all of us to take active (not passive) role in managing our personal finances. Check our budgeting and spending pattern issues, savings, borrowings, insurance issues, etc etc. This can be summed up under the heading: Financial Planning!!
We should also be prudently vigilant of the-now-proliferating micro-credit providing institutions. It may be noted that most US households suffered the most because of cheap credits which financed signifinantly households consumptions.
If there is a financial discilpline at household (personal) level, the spillover to national level is obvious, and any recovery and subsequent thriving could be sustainable and longlasting.
And ....yes, our briliant brains should come home to work us out this economic and financial quagmire we are in!!
mujwahuki
Though intellectuals may contradict each other for the good of our nation, thats fine, but BOT needed scholars like these fellows. Instead we have witnessed bogus staff with fake certicates, which most of them are in court now.
ReplyDeleteWhat I can say Is the Brain Drain. John is in the US, Shayo is in UK.
I think the government should take proper measures to attract Tanzanians scholars to come and work at home. Instead providing employment to the un professional fellows
I would like to make comments to your article, with all due respect I think your article addresses the issue of global economic outlook in extensive detail and shows your extensive knowledge of what is happening from Wall Street’s vantage point. However, it does not really qualify to give proper advice to Tanzanians. In my humble opinion, while the article paints a very grim picture of the global economy which is a very true, it does too little to provide a separate analysis of what is happening in Tanzania as a country, detailed technical analysis to address the economic fundamentals which can be used to see what type of advice is relevant to Tanzanians is missing. I did say that in your earlier article(s) and I did make a comment in Dr. H. Shayo’s article.
ReplyDeleteI am tempted to fault you on the historical aspect of what happened after the 1929 market crash and the ensuing depression, I am refraining from doing so because what I think is relevant to this discussion is advice to Tanzanians me among them. However, I would like you to take note on the impact of the World War II and the resulting capital flight from Europe to the US.
I am also tempted to make a remark with a light touch though; on another aspect of the values lost by the big financial institutions were the values real? Or is that the result of these financial institutions being too ‘greedy’ and used hard earned cash to gamble in hard to analyze, exotic financial instruments?
I totally agree with you on one aspect though, that is the need to do a thorough research, and that is what is lacking in your attempt to give advice to Tanzanians, the fact I alluded to Dr. Shayo in my comments to his article too. I would like to admit that I am not an economist, and I am not a banker and I am not well versed with issues related financial markets, however, I have intellectual curiosity to see a detailed analysis on how the global situation can affect the Tanzanian economy.
What I will say is similar to what I commented in Dr. Shayo’s article, I would like to borrow your skills by directing your analysis to data already publicly available in Tanzania namely from www.darstockexchange.com, www.bot-tz.org ,www.parliament.go.tz and www.nbs.go.tz . I do not have the requisite skills to do a proper analysis compared to someone who does similar work in Planning Commission; however I have poured through the data. I can say the following: the stocks in the DSE are safe, you can fault me though, but I request you to base your argument in available data in Tz not in what happened in Wall Street, I was more articulate in the article I wrote commenting in Dr. Shayo’s article I do not need to bore readers who have been following these comments so I will not repeat what I wrote there. There is more information on Bank of Tanzania website, the Bunge website and for National Bureau of Statistics websites all links are copied above.
I would not like to make this article long but on the advice to engage in futures and options market I would like to remind you I am sure that you know that DSE does not have futures and options market, and most of the advice given to Tanzanian government e.g. providing short term loans to banks etc presupposes that the banks have a credit crunch. Unless there is any evidence that the banks have engaged in sub-prime lending, which I have to assure you unless they did something fraudulent, nothing like that has happened so far. I would like to personally thank you and Dr. Shayo for this effort and I thank you in advance after pouring in Tanzania data you’ll give us part IV of your article with detailed analysis of Tanzanian scenario
Mdau,
Tandale kwa Mtogole
looks like Armageddon is near, but where are our economists?? What will the scenario be?? The US $700bn bailout doesn't seem to have worked with the US economy. Now we the wretched of the earth, where are we gonna stand once Uncle Sam pulls down the whole world?? Gold doesnt seem to be the solution as it is also going down. Who expected the fuel price to fall down with the rate it was going?? The TZ bankers wont be able to escape the madness that is being experienced world over, stock market or not..
ReplyDeleteWahenga walisema kwamba mbiu ya mgambo ikilia, kuna jambo. Mashaka amepiga mbiu kwa taifa letu nadhani tumelisikia mbiu yake
ReplyDeleteAmetoa ushauri wa upeo wa juu. amewasihi wananchi kadhalika viongozi wetu kushirikiana kuikabili janga linalotukaribia. Hawa mabalozi wetu waliobobea inabidi tuwape heshima zao.
Mashaka, blootooth zako zilituzingua, sasa tunamuona mashaka kamili. Ukirudi vaa kutokana na hadhi yako, suti hata kwenye jua la bongo la nyuzi 100. natumai utakuwa na gari la AC. Ruksa kupitia kipawa (MJNIA) sehemu ya VIP's badala ya posta ya Zamani.Hongera sana very informative article. Umeshinda kesi
Mchangiaji, Barclays DAR
Mashaka, mimi sitaki makuu, naomba tu ushirika wako ukija bongo ila kofia nimekuvulia, nadhani hata shayo kakuvulia mawani yake. Shayo kunavitabu nyuma yako, ingia upekue nawe urushe makombora
ReplyDeleteThis is a timely well writen article we all need to read.It is sad that our economies even through very premitive, still suffer the consequnces of the western greed. Mr Mashaka, it is advisable that it is time for you to come back home and render your expertise than writing peridicals abroad. this is a very good one, i commend you for the good work
ReplyDeleteYou guys need to compare apples with apples not apples with watermelon! Statistically, Tanzania Economy has a whole lot of outliers. I think the Pres JK Govt would be the first to collapse before the economy...God Forbid!
ReplyDeleteI commend both of you guys for the good critique work, though.
For other contributing members…….The thing is……….. You can't just go back home now to rectify the deteriorating situation without having good plans (A & B) as well as preconditions.....You know where I am coming from. You have to form a movement first, it is easier to see bad things while you are out.......but when you get inside the system you will be somewhat blinded. Look in the current Pres JK's Cabinet how many people used to live or work in the exile?....and what did they do for the community (I mean lower class citizens)? Lots of craps, eenh.
I will not be surprised if either Comrade Mashaka or Dr. Shayo could join the list of mafisadi should he given an opportunity to lead one of the key directorate of Pres JK. For instance Comrade Mashaka, being an investment banker has already been benefited from the subprime mania. Physiologically no person is perfect, though, so I blame nobody.
Lastly there several Tanzanian Americans having key positions in the WallStreet, what you need is to google them, basi.
Good discussion, but nothing more than just an academic one, with little practical meaning for regular Tanzanians.
ReplyDelete1. 70% of money circulation takes place in Dar. So when we talk about credit crunch, that has little to do with a farmer in Kibondo. Unless Dar represents the entire country.
2. 85% plus of Tanzanians are farmers, participating very little in the "formal" economy. That means they don't care about what happens in China.
3. Depression? Recession? The majority of Tanzanians have been in economic depression/recession for years. So the global financial crisis, while has a potential negative on Tanzania's budgetary support (given we are good at begging around), does not mean much for the average Tanzanian.
4. Tanzania is not connected to the American economy per se (granted, Tanzania may not see North American tourists pouring in as projected), so just go on, relax folks.
WATZ bwana bado tuna kasumba sana.
ReplyDeleteMtu akiandika tu kiingereza basi bwana huyu msomi. Kweli tuko nyuma sana.
Huyu bwana John Mashaka hana lolote kabisa. Kwa taarifa yako hawa jamaa wa Wall street ndo walitufikisha hapa katika haya mambo ya Financial Global crisis. Hawa hawa jamaa kwa sera zao za market will hold the future of USA Economy if left to act itself.
Sasa huyu huyu tena Mr . Ivestment Banker, John Mashaka aliyekuwa Wachovia makao yake makuu kule NC alikosoma Salisbury College mwaka 2002 na kuajiriwa ndo anakuja na njia za namna ya kutuondoa katika hili tatizo? mhh kalagabaho. hakuna jibu na hana jibu, ni sawa na kumpa kesi ya ndegere, nyani. Hakuna lolote hapa.
Mwenye solution ya haya matatizo ni serikali tu, piga ua hii iko nje ya BOT na Other bankshapo TZ.
Hii ni serikali kuchapisha fedha nyingi sasa na kukubali kushusha thamani ya fedha sasa kabla hali haijakuwa mbaya, kama haiwezi kukopa kutoka China kama US ilivyofanya. Maana ikija kushusha thamanii wakati matatizo haya yakianza kuwa nje ya uwezo wao basi tutashusha hiyo thamani mara mbili.
Nchi za kiafrika bwana sio mchezo, tulikuwa unga wa yanga na bado tupo, Zambia walikula maembe miaka minne iliyopita na bado wapo,Kenya ndo usiseme wameshazoea na suti zao huku kikwapa kikitoka jasho. Zimbabwe na wanadunda mpaka leo na manoti yao kedekede.Afrika tutandunda kama vile Ethiopia ilivyodunda.
Mashaka hana jipya yeye ndo alihusika na haya mambo. Shirika alilokuwa akifanyia kazi Wachovia limeuzwa kwa mabilioni ya fedha hapa marekani. Hivyo hana solution, yeyote , yeye ni part ya matatizo tu. Na wote wanaofanya wall street.
Huyu jamaa ukimkongoli" John Mashaka" katika google na utaona mambo yake makubwa.
ReplyDeletePongezi kubwa tena za dhati kwa kutupa forum ya kuweza kujadili na kusikiliza maswala ya nyumbani Tanzania. Kilichonipendeza ni kwamba umefungua ukurasa mpya wenye manufaa makubwa kwa ajili ya nchi yetu. Mijadala ya hivi karibuni, imetuletea matumaini makubwa, sio tu kwetu sisi wanamtandao, lakini taifa la Tanzania kwa ujumla.
ReplyDeleteNatumai viongozi wetu, wenye machungu na nchi yao, wamesoma umahiri wa vijana wetu walio ughaibuni hasa namaanisha Dr Shayo na Mwanaharakati John Mashaka. Vijana wawili ambao ni lazima warudi Tanzania. Sioni sababu ya Uingereza na Marekani kufaidi vichwa kama hivi huku sisi tunaangaika na vitoto vya mafisadi katika kila wizara nyeti na vyeti feki. Licha ya hayo, ma TX wamejaa Tanzania, wengine wasiokuwa na elimu huku wakilipwa mamia ya mamillioni kwa mwaka. Kwa nini hizi fedha zisilipwe wakina Dr. Shayo? Hawa vijana wamekubalika,
Shayo Apewe Uchumi au Urban planning, Mashaka Apewe Fedha au Sheria, ili vichwa vyao vigongane huko kwa ajili ya walalahoi waliochoshwa na maisha pamoja na Ufisadi. Hawa vijana wawili wameonyesha umahiri mkubwa, na itakuwa vyema wao kurudi nyumbani kuchangia katika kujenga taifa letu. Hapa tu malumbano yao yametuacha hoi, itakuwaje wakiwa katika wizara tofauti?
Nadhani wengine wasema kwamba ni watoto wadogo, wengine watasema nao ni mafisadi, lakini tufahamu kwamba, Ingawa wote ni vijana wadogo hasa Mashaka amabye nadhania ana umri wa miaka 30, nadhani enzi za kuwatazama watu kutokana na umri umepita. Walio na umri mkubwa wamevunja rekodi kuwa mafisadi waliokubuu. EPA, RICHMOND, KIWIRA na mengine yametuchosha. Sasa hivi muhimu ni uwezo. Wameonyesha uwezo wao, na pia wamehamasisha taifa kwa kiwango kikubwa. Hapa DAR jana jioni katika kukusanyika kwetu kuburudika, swala la hawa vijana ulizua mjadala mkubwa sana, uliochukua takribani masaa mawili. Dr Shayo & John Mashaka, msiogope, Rudini nyumbani muitumikie taifa lenu. Jamani, watanzania inabidi tuwape vijana wetu nafasi ya kuongoza nchi,
Wadau, Nanyi pia mtoeni maoni yenu kwa maana hawa vijana wawili wametu challenge sana
Dr. Shayo. I know you may not have as much much money as John Mashaka, but you certainly have the brains to make change in Tanzania.
ReplyDeleteJohn Mashaka, i know you are well off. You have neough money from the wall-street. That is why you are able to return home every year and do great things to your people. At the same time, you are blessed with brilliance.
Both of you. John and Shayo, you need to team up, and mobilize Tanzania youth in Diaspora to retun back home. You are very valuable assets of Tanzania.You intelligence is a center of pride for our country. I am sure our leaders are reading these blogs, and they have known your courage to take head on the government.
God bless you all.
Anonymous Professor TZ
Nadhani muda umefika ili hawa mafisadi wa itikadi chafu wasutwe.
ReplyDeleteDr Shayo na Mashaka, wamekuwa waasisis wakubwa. Wametengeneza njia ya kuweza kujadili mambo muhimu kwa ajili ya nchi yetu.
Katika historia ya nchi yetu, hawajawai kutokea vijana kama hawa sasa hawa wachahce mara ni mwana hesabu, mara mwana mazingira yote ya nini?
Wamefungua Hoja, ukiwa na hoja , ua hoja na hoja siyo domo, na ushuzi. pelekeni michambo yenu huko mkaoshe wazee hacheni vijana wa watu. Hawa ni mashujaa.
Tanzania pengine haiwezi kuwatambua lakini sisi raia wa kawaida tumewaona
Kama kweli unataka kujua kwamba hawa vijana wamezua mijadala, basi angalia comments humu. Wasomi wameandika vitu vya maana, ila machizi ndo yale yale yameandika pumba ushuzi wao
Amid piling debris of a global financial crisis our central bank chief comes out with such statement, sometimes you wonder - and this is the guy who took over not a long time ago 2 lead BOT in2 the future? timid statement mr Ndilu, bravo Shayo and John Mashaka
ReplyDeleteYou two need to form some sort of a coaliation in your adopted country to tackle the problems back home. These Fisadis understand nothing but force. knock their doors, deter them from getting int he banks, then they will get it right.
Huu ujinga utaisha lini? samahani sijatukana mtu (mjinga ni mtu asiyejua kitu fulani anakuwa mjinga kwa hilo)
ReplyDeleteHaya ndio matatizo ya baadhi ya watanzania wenzangu. Hata kama mko kwenye kikao cha harusi au cha kifamilia, tena ni kikao kidogo tu.
Kama wewe ni lofa na wanakujua huna hela, au huna title yoyote ile na hukusoma kama wao ukichangia hoja nzuri au ushauri wowote unaofaa, wanadharau au hawatilii maaanani! utasikia "jamaa naye anaongea nini?"
Lakini akija mjinga mmoja mwenye hela au cheo hata kama hana point, anatoa pumba, utaona atapigiwa makofi!!!!. Huu mimi naita ni ulimbukeni wa mawazo.
Mimi sikusoma sana nimeishia tu Form IV, lakini nimepata Exposure kubwa tu ktk maisha yangu, nimefika US, UK na Uarabuni.
Ninaamini hapa duniani kuna CHUO KIKUU CHA MAISHA.kimatumbi wanaita "UNIVERSITY OF LIFE" sasa kutoka hichi chuo kuna ma-graduate wengi sana.
Mimi binafsi nimesha kaa sana na wasomi wa UDSM na Vyuo vingine nimechangia mada sana nao na kujichanganya na, IQ yangu ni kubwa, hata wao rafiki zangu wanafikiri nime-graduate, wengine wanadhani nili-graduate US.
Issue ni kwamba John Mashaka namfagilia sana, ni GENIUS, amechambua makala yake kwa ufasaha wa hali ya juu. Naye Dr. Shayo mimi binafsi namfagilia sana na kumpongeza, huyu jamaa ni kichwa, yaani ana akili nyingi.
Hata kama malimbukeni fulani wanamponda eti sio professional yake, be proud of him, ameweza kutuchambulia mada.
Watu wanazaliwa na akili zao,bwana.kama kweli yeye ni mwanamazingira basi he is Genius.
Sisi tunataka watu wataotushauri na kutuongoza tukomboke na umaskini, yoyote yule si Dr.Shayo pekee.
Wapo wengi ambao tunataka mawazo yao, yatukomboe. hatuhitaji vyeti FEKI hapa,tunataka akili safi zenye afya kama ya Dr. Shayo na John Mashaka
Balozi (Bila Nchi)Issa Michuzi,
ReplyDeletePongezi kubwa tena za dhati kwa kutupa forum ya kuweza kujadili na kusikiliza maswala ya nyumbani Tanzania. Kilichonipendeza ni kwamba umefungua ukurasa mpya wenye manufaa makubwa kwa ajili ya nchi yetu. Mijadala ya hivi karibuni, imetuletea matumaini makubwa, sio tu kwetu sisi wanamtandao, lakini taifa la Tanzania kwa ujumla. Kadhalika hii mijadala imetugusa mno.
Natumai viongozi wetu, wenye machungu na nchi yao, wamesoma umahiri wa vijana wetu walio ughaibuni hasa namaanisha Dr Shayo na Mwanaharakati John Mashaka. Vijana wawili ambao ni lazima warudi Tanzania. Sioni sababu ya Uingereza na Marekani kufaidi vichwa kama hivi huku sisi tunaangaika na vitoto vya mafisadi katika kila wizara nyeti na vyeti feki. Licha ya hayo, ma TX wamejaa Tanzania, wengine wasiokuwa na elimu huku wakilipwa mamia ya mamillioni kwa mwaka. Kwa nini hizi fedha zisilipwe wakina Dr. Shayo? Hawa vijana wamekubalika,
Shayo Apewe Uchumi au Urban planning, John Mashaka Apewe Fedha au Sheria, ili vichwa vyao vigongane huko kwa ajili ya walalahoi waliochoshwa na maisha pamoja na Ufisadi. Hawa vijana wawili wameonyesha umahiri mkubwa, na itakuwa vyema wao kurudi nyumbani kuchangia katika kujenga taifa letu. Hapa tu malumbano yao yametuacha hoi, itakuwaje wakiwa katika wizara tofauti?
Nadhani wengine wasema kwamba ni watoto wadogo, wengine watasema nao ni mafisadi, lakini tufahamu kwamba, Ingawa wote ni vijana wadogo hasa Mashaka amabye nadhania ana umri wa miaka 30, nadhani enzi za kuwatazama watu kutokana na umri umepita. Walio na umri mkubwa wamevunja rekodi kuwa mafisadi waliokubuu. EPA, RICHMOND, KIWIRA na mengine yametuchosha. Sasa hivi muhimu ni uwezo. Wameonyesha uwezo wao, na pia wamehamasisha taifa kwa kiwango kikubwa. Hapa DAR jana jioni katika mkusanyiko wetu wa kiburudani, swala la hawa vijana wawili lilizuka kwenye baa mawaziri wawili wakiwepo, (wakupwa pia walikuwepo)uliochukua takribani masaa mawili.ina maana ya kwamba waliyasema hawa vijana vimewagusa kwa kiasi kikubwa.
Dr Shayo & John Mashaka, msiogope, Rudini nyumbani muitumikie taifa lenu. Jamani, watanzania inabidi tuwape vijana wetu nafasi ya kuongoza nchi,
Wadau, Nanyi pia mtoeni maoni yenu kwa maana hawa vijana wawili wametu challenge sana
Mimi nipo kwenye Serikali na ngazi ya Juu, ila siyo Fisadi na hawa vijana wamenigusa.
Mdau
Hawa wanablogu wamegundua kwamba ukiweka tu Jina John Mashaka, umeweka smaku ya kuvutia wageni. Mdogo wangu atauza mpaka Sala Condoms.Amekuwa Superstar mkubwa sana. Yaani kila globu anakowekwa watu wanatirirka kama kumbikumbi, zaidi ya senene. Kuwa na akili ni zawadi kubwa sana
ReplyDeleteJohnie Mashaka, mtu mwenye akili timamu hawezi kuacha kazi za Wall-Street za mamillioni kwa mwaka kwenda kupambana na mafisadi Tanzania. Hacha rafiki yangu. Ubunge haulipi hata $10,000 kwa mwezi. ukibahatisha $5000 basi wewe ni fisadi. Fanya kazi zako, rudi mara moja kwa mwaka utoe misaada kisha urudi.Sifa pamoja na jina ulilonalo marekani kwa nini urudi Tanzania? hata ukipewa kazi BOT watakulipa nini?
ReplyDeleteof all the postings. i do see some critics without any valid reasons or basis of their criticism. you should embarace your counterpart who is striving to give his country part of his blessing. we should learn how to appreciate things in life. do not have the destruction mentality all the time
ReplyDeleteDr Shayo Vs. John Mashaka, nani zaidi? Vijana wenzetu mmebobea katika fani zenu. Johnie Mashaka, ruksa kutumia laptop kwa maana umeonyesha kwamba imebeba vya maana. hatutakutukana tena
ReplyDeleteI am not a regular contributor, but has been forced to contribute because of the sensitivity of the article I came acroos in our “jamii blog”. This is the right time to address the issue because we are waking up and seeing that we can do it.
ReplyDeleteMost of the time, people believe that country’s wealth lies on natural resources. This has proven not to be the case. The reason being that, you can have so much yet don’t know what to do with it, and other people ending up benefiting more than the country itself.
This is the case in Tanzania today. Many our riches (wealth) is being enjoyed by foreigners, and a few in the government (FISADI’S -in the ruling CCM). This is happening because we don’t have true wealth. We have poor brains.
John Mashaka, has proven to be a such a valuable ASSET, or other few of the brains we need to claim full riches. I am baffled by this Youngman’s genius mind, no wonder he was tapped to Wall-Street. He has instigated thinking among the Diaspora and has been lightning rod of envy.
I must admit, that this is a well written article, well thought, and timely delivered. These are very challenging times, which needed brains to counter the challenges. John Mashaka’s Ideas and thoughtfulness is superb; he has erased all the doubts we had about him, if at all he wrote the article
Mashaka, tumekusikia vizuri ujumbe umefika, I hope the governor, Hon: Mustafa Mkullo and the rest heard you too. Pia ningependa ushirikiane na Dr. Hildebrand Shayo (kichwa kingine) ili mtoe mwanga zaidi kwa wenzenu ughaibuni.
Umetoa darasa bila kutegemea. Mimi pia nimetokea kuwa mwanafunzi wako bila kutegemea ingawa umri wako ni sawa na wa mwanangu wa tatu. Itakuwa vyema ukianzisha darasa la wanamtandao linaloitwa Finance -101. Bisha shaka ninakuwa mwanafunzi wakoYou are Tanzania’s Gold,
Mdau Theodore Mlawa
Copenhagen- Denmark
What you have to understand is that. There are some of these young people who came to the west, especially America and Europe more than 20 years ago, yet have not accomplished anything and neither did they go to school. Seeing someone so young doing o well, is something that many envy, and that is why the name Mashaka has become a sensation and a disbelief. I believe this is the reason his name attarcts so many comments and viewers in the blogs. Good job, and what I can advise you, is to work with Dr. shayo because he is your equal in crime !
ReplyDeletejoni mashaka, usikubali kuja kupewa kazi kwenye hii serikali. kaa huko huko, hakuna lolote, hawawezi kukulipa hata robo ya mshahara wako alafu utakuja kuingilia ufisadi, iogope hii serikali kama ukoma
ReplyDeleteKWA NGUMBARU WA MASUALA YA FEDHA NA UCHUMI LAZIMA ATAMSIFIA HUYU SIJUI MASHAKA. LAKINI KWA MTU MWENYE SHAHADA MOJA TU, HAKUNA KUBWA HAPO, ACHILIA WENYE MBA AMBAYO MASHAKA HANA. MAJARIDA MENGI HAPA MAREKANI YAMETOA MIJADALA HII, BLOGU NAZO, REDIO, TELEVISHENI, N.K. KWA MTANZANIA ANAYEISHI NJE, ALIYESOMA FEDHA NA UCHUMI, AKIAMUA KUANDIKA NOTES ZAKE CHINI, AKAPATA MUDA, ANAWEZA KUANDIKA KITU ZAIDI YA HIKI.
ReplyDeleteKERO KUBWA KWA MASHAKA, NA HATA DR. SHAYO, NI JINSI WANAVYOPOTOKA NA HALI HALISI YA TANZANIA. WASIWASI WALIO NAO HAUHUSU TANZANIA KAMA WANAVYOONESHA INGAWA NI KWELI TATIZO LINAKUJA. AIDHA, USHAURI WAO HAUWEZI HATA KUTEKELEZEKA TANZANIA. HILI NDILO TATIZO LA KUKARIRI VITABU NA KUJAZA MANENO KWENYE BLOGU.
AIDHA, MASHAKA ANAWASUMBUA WATU BURE! HAFANYI KAZI WALL STREET KULE NEW YORK. MASHALA NI SALES PERSON WA FINANCIAL PRODUCTS WA WACHOVIA. WATU WOTE KWENYE KAZI HII HUPEWA KOZI FUPI ZA KAZI YAO, HAWANA LOLOTE KUBWA, WANALIPWA LESS THAN $ 50,000 KWA MWAKA PLUS BONUS KAMA IPO. HII SI HELA YA KUTISHA MAREKANI, HATA KODI ZINGINE UNASAMEHEWA KAMA ALIVYOPANGA OBAMA.
MASHAKA KAMA UNABISHA NAOMBA UTUTHIBITISHIE KWAMBA WEWE NI CHARTERED FINANCIAL ANALYST AMBAYO NDIYO SIFA YA UTAALAM UNAOJARIBU KUWATISHIA WATU?
NI VEMA UNATOA MAWAZO KWA NCHI YAKO LAKINI USIJIKWEZE MNO. NI KAWAIDA YENU NYINYI, NADHANI UNANIELEWA!
ALAMSIKI.
mbongo mara nyingi lazima hawakosi huzushi. saa $50,000 ndiyo hela ya kutishia watu. alafu halamsiki, sijaona muhimu unachokizungumzia. ila wakosoe wote anmbao hauwapendi. naona damu yako na ya mashaka hazipandani
ReplyDeleteyaani mijitu mingine bana....aaagh!
ReplyDeletemuone huyo anony wa hapo juuam,....na mipumba pumba yake!huyo mashaka kaleta mjadala wa uchumi...kama wewe kipanga kaa mie,basi kaa pembeni usome wasomi wakichambua mambo sio kwenda kuleta uharo wako....umepoteza muda weeeeeeee mpk kujua unafika na treni gani hicho chuo alichosomea kha!huo muda si ungetafuta nini kifanyike kusaidia huu uchumi unaolekea kupatwa na misuko suko.....
nyoko we! kazungumzia uchumi so,kama una ubavu wa kukosoa kazi yake then mkosoe.....umesomea cambridge,oxford udsm mzumbe...is RELEVANT HEREEEEE... heti $50,000 sasa wewe unafanya kazi gani kubeba wazee kwenye viti au kuchamba? kama una hoja, changia siyo mashaka kawa hivi na vile.Nguvu ya hoja ni hoja
NEY-BHAM
Ngumbalu msibishe, Mashaka hana kitu, hata utatuzi wake ni yale yale yaliyofanywa hapa Marekani lakini anajifanya etu anatoa mawazo. Kamvunjia heshima mwenzake Shayo bure tu, wote wanazungumza vitu ambavyo havina relevance yoyote Tanzania. Hii kwa watu wanaofahamu mambo si lolote, someni shule mjue mambo, siyo kubabaikia vitu vya kawaida. Hamna kitu hapa! Mashaka ni mfanyakazi wa kawaida Wachovia, na hayuko New York iliko Wall Street, kama anabisha atoe anwani yake. Hiyo shahada ya MBA aliyosema Alamsiki, Mashaka hana, hana hata certification yoyote ya finance. Msiojua shangilieni, lakini kwa wengine hivi vya kawaida tu.
ReplyDeleteHabari ndugu Watanznia wenzangu popote pale mlipo!
ReplyDeleteMimi ushauri wangu ni mmja tu leo!
Naomba kama mtu hana point za nuhimu zakuchangia point husika nyamaza! mwenye point muhimu aongee!kuna mambo mengine ya muhimu hatutakiwi kuosha vinywa kamavile tuko baa.
Kucriticize sio kosa nakusupport sio kosa ila stay on the main point.
Mimi niki walinganisha hawa jamaa wote wawili, Dr Shayo na Mashaka,
Shayo ntampa 25% na Mashaka 60%
Kwanini nasema hivyo: kama unge kua mtihani Dr Shayo ame feli ila hiyo kidogo ntakayompa nikwasababu ametuletea mjadala mzuri na wa maana sana! kwahiyo na mpa25% kwasababu amechagua topic nzuri sana na muafaka katika kipindi hiki!
Mashaka nimesema nampa60% nasio zaidi ya hapo kwanini:
Mashaka ameeleza vizuri kuhusu hili jambo nikama alikua na essey writing sasa akaelezea vizuri alicho kua anakijua ningeweza kumpa maks zaidi mashaka lakini kosa alilo lifanya nya nikutuelezea zaidi jinsi Marekani wanavyo deal na hili tatizo, hajaelezea katika scenario ya Kitanzania.
Nadhani MASHAKA NA SHAYO mnasoma haya maoni! ila mjue haya ni maoni chukueni point, pumba ziacheni, Tuendelee kujenga Taifa letu.Ikosiku maneno yatabadilika kua vitendo.
Nimesoma comment ya Shayo na pia za Mashaka zake zote na ninasubiri Part IV.
ReplyDeleteWote wameelezea mambo jinsi Marekani inavyotatua hili tatizo.
Mapendekezo yao wote kwa Case study ya TZ naona ni kama "Copy cat ya USA "wanataka tufanye sawa na US walivyofanya.
Bado wote hawajatoa suluhisho kwa TZ.
Kwanza nataka kuona wanajua TZ kwa hili tatizo imeanza kuadhirika vipi na wapi na kama bado itaadhirika vipi, au pamoja na hili tatizo na mambo yetu ya ndani TZ tutaendelea kuadhirika vipi.
Pia wasomi wengine ambao wako certified katika fani za uhasibu, fedha, benki, uchumi, insurance actuarist na hesabu za kifedha nk (CPA, CFA, CFM, CE,CB , CA nk) wajitokeze kuelezea suluhisho kwa case ya TZ na sio US. Then hawa wenye MBA, MPA, MSC za accounting, Finance, Banking, Economy na kadhalika wachangie pia.
Halafu watu wenye uzoefu wa kibenki TZ na nje pia wachangie.
Mwisho katika coments pia watu waliosoma vyuo kama Harvard, Princeton, berkley, Yale , MIT, Cambridge,Oxford na vyuo vingine vinavyojulikana kwa ukali au watu WATZ wakali hata kama hawakusoma vyuo hivyo lakini ni wakali Wachangie pia.
Tuone suluhisho na sio kiingereza cha history ya "What happened in 1929" huko USA. Tumeona part 1,11 na 111 ya Mashaka na moja Ya shayo na article ya Benki kuu ya "msukusuko wa kifedha TZ" toka kwa gavana Ndullu.
Kwa mtu msomi . bado sijaona suluhusho kabisa. Nimekubali kwamba watu wengi wame-comment pumba za kukashifiana na kusifiana nani mkali (huu sio mziki wa bongo flava wa nani mkali- hii ni shule na maisha na ukeli wa solution)na wachache wamepingana na Mashaka na Shayo na Gavana ndullu na wamesema ni kwa misingi gani ya kielimu wanataka suluhisho la kweli.
Nasubiri majibu na comments za heshima zinazotoka kwa wasomi.
Mashaka umeokota wapi data zako? Mimi nimesoma hii, wewe unasema Citigroup imepata hasara ya dola bilioni 138, hebu ona hapa:
ReplyDeletepublication date: Oct 18, 2008 | author/source: MADLEN READ / AP Business Writer
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By MADLEN READ / AP Business Writer
Citigroup Inc. suffered its fourth straight quarterly loss and said it has cut 11,000 jobs since June, drubbed again by the relentless downturn in housing and turmoil in the financial markets.
The New York-based bank said Thursday it lost $2.8 billion, or 60 cents per share, in the third quarter, compared with a profit of $2.2 billion, or 44 cents per share, a year ago. The deficit for the July-to-September period brings Citi's total losses over the past 12 months to $20.2 billion.
Huyu Mashaka benki yake Wachovia taaban mpaka inanunuliwa, je, yuko salama?
ReplyDeleteWells Fargo trumped Citigroup by agreeing to acquire Wachovia for about US$14-billion to create the largest U.S. bank- branch network. The bid was aided by a change in tax rules that makes it easier for Wells Fargo to absorb losses on Wachovia's mortgages. Wells Fargo has agreed to sell some assets to comply with U.S. bank law if the combined company controls more than 10% of deposits nationwide.
Majitu mengine bwana. Yaani Blogs za kibongo zimekuwa tu za majungu. Naona hizi siku mbili tatu, habari za mashaka na shayo zimetawala kila kitu. Mbona msichangie maswal ya EPA jinsi mnavyochangi amashaka na Shayo? Mbona mmekuwa mashakamania na shayomania?
ReplyDeleteMbona mnaleta chuki binafsi kwa watu? Shayo kafanya nini zaidi ya kutoa hoja, naye mashaka kafanya nini kama siyo wivu wa kike inawaua?
Nguvu za hoja daima ni hoja. Mada imetolewa ukiwa na akili changia kutumia akili zako siyo shayo hajasoma, mara anafundisha shule bubu, mara vile.hiyo siyo hoja. Ndio anafundisha chuo bubu na wewe je?
Sawa tuseme mashaka hafanyi kazi wachovia lakini anaupeo mkubwa kukuliko wewe kwa nini basi usikubali yaishe, siyo lazime umseme vibaya.
umejiingiza matatani mwenye kwa sabau umesema figure zake zimetokea wapi. ukisoma alivyoandikwa ni kwamba to date. Hizo figure zako ni quatrely, siyo annual au siyo tangu meltdown ianze.Hata kusoma naona hauwezi kwa hiyo hakuna haja ya kunishana na wewe kwa manaa nabisha na mbumbumbu.
alafu ki aibu, una copy na kupaste !!!!! Alafu wekeni majina siyo kumtukana shayo na mashaka ilhali hamna hata majina. wao wanamajina
Wabongo Bwana
Dr. Wagu
Hao wenye chuki binafsi hachane nao, hawana mada, hawan nyimbo wala. ila nadhani ni ndugu zako hao demu wako uliyemtelekeza.Chuna mishiko, ukirudi uwagawie na mama zao
ReplyDeleteNi mafisadi yaliyochoka marekani, yaachani yakafe. Mashaka endelea kufanya vitu vyako, hawa hawana mpango. wakiona jina lako ni kama vile wameona Mandingo warrior, wanatamani wawe kama wewe ila wameshindwa ndio maana wanagoogle jina lako na machozi.
wengine wanataka anwani yako wakitaka uwambie unakokaa ili wakikosa hada ya nyumba waje kwako. Usithubutu kumkaribisha mbongo kwako, watakuzushia kweli
Majitu mengine bwana kusema ukweli yanaropoka na kutapika uharo tu. Huyu anony mbona hasemi jina kama kweli anamjua mashaka. cha ajabu ni kwamba hata kusoma na kuelewa kwenyewe hajui, nadhani hii ndo sababu bado anachamba marekani. essay ya mashaka inasema since the meltdown started, so far the financial marekts alone have lost more than 4 trillion. He did not mention quartely earnings. Hamkeni acheni majungu ya kuchamba wazee
ReplyDelete