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Ksh at its weakest since it floated in 1994
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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kizee1 wrote:Cde Monomotapa wrote:KES has FAR much better economic fundamentals than any Western ccy right now & in the coming 10yrs and more. Its weakening baffles me and I believe that error will be corrected soon. Awaiting to confirm my hunch tomorrow that CBK has been dumping USDs for the Yuan  cbk dumping usds? lol! heck they dont even have jpy in their basket! proff u dont even know wat ccys ur blotter contains Humble citizen. Which part of me saying I think we are reducing USDs to add the Yuan into the reserve basket didn't you get? As my Naija Governor counterpart recently said "U don't need a weatherman to tell u which way the wind is blowing." which simply means global economic dominance has shifted Eastward and China to be exact.thereafter he comitted to convert 10% of their USD 33B ccy reserves. Consequently, I too don't need an Oracle to show me that global economic fortunes are being re-arranged as we speak and SSA will be a net beneficiary and that China/the East has overtaken the West in FDI and trade with Africa thus, very logical to hold Yuans now.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:In default we will accept a new KES/USD normal and grow from there the same way we did at 63 then 83. Nevertheless, I firmly believe the label "developing country" is the best status in the world economy, now & going-forward. SSA baby!!  how can you be proud being called a developing country? Surely?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Cde Monomotapa wrote:In default we will accept a new KES/USD normal and grow from there the same way we did at 63 then 83. Nevertheless, I firmly believe the label "developing country" is the best status in the world economy, now & going-forward. SSA baby!!  how can you be proud being called a developing country? Surely? Because it occurs to me that capital pursues returns which are best found in developing/under exploited sectors/countries which won't be found in the developed but troubled Western economies. That's why Google does more business in EMERGING economies and KFC is smarter than most Wazuans to invest in a frontier market like Kenya.
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Cde Monomotapa wrote:the deal wrote:Cde Monomotapa wrote:In default we will accept a new KES/USD normal and grow from there the same way we did at 63 then 83. Nevertheless, I firmly believe the label "developing country" is the best status in the world economy, now & going-forward. SSA baby!!  how can you be proud being called a developing country? Surely? Because it occurs to me that capital pursues returns which are best found in developing/under exploited sectors/countries which won't be found in the developed but troubled Western economies. That's why Google does more business in EMERGING economies and KFC is smarter than most Wazuans to invest in a frontier market like Kenya. LOL which part of SADC did you go to? KFC in Nam is 200 bob...so KFC in KE is just exploiting Kenyans and contributing to inflation? Well the west is drowning in debts but KE is headed that way, I think (not sure) debt to GDP for KE is above 50% and with weakening KES that figure is set to continue balooning...we can't be proud when inflation and the weaker KES is closing busineses and pushing our brothers and sisters into poverty what is the difference with the west?
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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The difference is that most Westerners have access to electricity and we are still working R.E.P and that's room for growth.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Food inflation here is a short term shock cured by rains which are already showering. A debt/gdp ratio of over 90% is a cancer/terminal disease. Atleast we use loans to build infrastructure not pay social programs.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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@deal no worries. I have no interests in Coconut Namibia.
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Rank: Chief Joined: 3/24/2010 Posts: 6,779 Location: Black Africa
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Cde Monomotapa wrote:@deal no worries. I have no interests in Coconut Namibia.  GOD BLESS YOUR LIFE
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Rank: New-farer Joined: 9/9/2011 Posts: 11
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@Monomotapa you have nailed it today..I have been reading this blog as a form of 'entertainment' and to be honest I am impressed by the level of insight wazuans demonstrate,the only downside is that one gets the impression that Wazuans have a short-term/pessimistic view in almost every active thread.Go long on Kenya/Africa and start pricing in the future macro growth prospects once we skin this bear!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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msaliti7 wrote:@Monomotapa you have nailed it today..I have been reading this blog as a form of 'entertainment' and to be honest I am impressed by the level of insight wazuans demonstrate,the only downside is that one gets the impression that Wazuans have a short-term/pessimistic view in almost every active thread.Go long on Kenya/Africa and start pricing in the future macro growth prospects once we skin this bear! Thanks and U have it right on the short sightedness/pessimism. We need more long players on Wazua I expect u will be one. Karibu Wazua. Najivunia kuwa Mkenya/Mwaafrika.
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Ksh at its weakest since it floated in 1994
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