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Ksh at its weakest since it floated in 1994
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kizee1
#241 Posted : Thursday, September 22, 2011 4:18:48 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
cnn wrote:
kizee1 wrote:
99.25 paid, IMF shud go to hell! infact IMF are the 1s who put as here

Seen that too,does CBK have much choice here?



again

we need to get off the IMF/WB programme and chart our own course, IMF wil not let us sell OUR reserves to protect OUR currency! WTF! WAT IS THE PURPOSE OF FCY RESERVES?
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hisah
#242 Posted : Thursday, September 22, 2011 4:19:19 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
Yap - 99.25 and a huge % down - 2.48% for KES. This KES is becoming pieces of papers...

The dollar rally explosion continues in euroland. EURUSD breaks below 1.34, but now sharply rebounding on market rumours that Fed bank NY will cut swap line rates. CDS market - bleeding esp French banks - this is Sept 12 2008. Even China CDS is spiking?! Dollar panic central this!!!

And all this is happening before NY session goes online. Yikes! Oh, dear fed bank, please please please print $10 Trillion today to stem this coming hurricane...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#243 Posted : Thursday, September 22, 2011 4:23:11 PM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
kizee1 wrote:
cnn wrote:
kizee1 wrote:
99.25 paid, IMF shud go to hell! infact IMF are the 1s who put as here

Seen that too,does CBK have much choice here?



again

we need to get off the IMF/WB programme and chart our own course, IMF wil not let us sell OUR reserves to protect OUR currency! WTF! WAT IS THE PURPOSE OF FCY RESERVES?


Must hold forex reserves to make the dollar relevant... Must hold to make the global ponzinomics to continue etc... You refuse, we shark you with econ embargoes or if too strong we send in the military to take out the rogue regime and replace it with a dollar friendly one...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#244 Posted : Thursday, September 22, 2011 4:32:45 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Our FX reserves are useless against the flight to USD going on. The econ data out of EUR & USD today are all pathetic and hence both ccys are fundamentally shitty but global investors are chosing USD strongly as the lesser of two evils smile to KES detriment though Sad
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Cde Monomotapa
#245 Posted : Thursday, September 22, 2011 4:35:57 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Brent getting a good smacking though smile
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Mainat
#246 Posted : Thursday, September 22, 2011 4:37:37 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
Kizee1-Looks like you believed the Kibaki lie that we are self-funding. We are not and need IMF more than it needs us.
Saying that, I think we need to breakout of its straitjacket. By first bringing in fx controls...
Sehemu ndio nyumba
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the deal
#247 Posted : Thursday, September 22, 2011 4:42:14 PM
Rank: Elder


Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Asks at Sh100 am I seeing double double http://contrarianinvestingkenya.info play that swansong for the KES!!!
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KulaRaha
#248 Posted : Thursday, September 22, 2011 4:45:14 PM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
Reminds me of the good ol' Eric Kotut days...with IMF SAPs f**king up front and back...
Business opportunities are like buses,there's always another one coming
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Cde Monomotapa
#249 Posted : Thursday, September 22, 2011 4:49:12 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
The re-arrangement of global economic fortunes is firmly on track smile but whoever thought it'll be a blood-less revolution is very shocked at all this. SSA Baby!!
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Cde Monomotapa
#250 Posted : Thursday, September 22, 2011 4:56:03 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
The re-arrangement of global economic fortunes is firmly on track smile but whoever thought it'll be a blood-less revolution is very shocked at all this. SSA Baby!!

This is what makes me smile
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Cde Monomotapa
#251 Posted : Thursday, September 22, 2011 5:14:30 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
"and I predicted this *ish..In 2-Pacalypse" 2008.

http://investandgrow.blo...nomic-bull-run-ever.html
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Mainat
#252 Posted : Thursday, September 22, 2011 5:22:10 PM
Rank: Veteran


Joined: 11/21/2006
Posts: 1,590
As an exporter, note you'll be paying more for your oil, fertiliser and other inputs. So you may find that your margin is still the same.
Sehemu ndio nyumba
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'user'
#253 Posted : Thursday, September 22, 2011 6:16:55 PM
Rank: Veteran


Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
This may stall our road construction momentum since everything roads is imported: from the tarmac to the engineers to the tractors , fuel etc.

This is bad .We may have to pay the debts incurred in the construction till the end of the world.

Vision2030 may just remain a dream
2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
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tonicasert
#254 Posted : Thursday, September 22, 2011 8:25:15 PM
Rank: Member


Joined: 3/10/2008
Posts: 301
Location: Abu Dhabi
Wow, makosa imefanyika! The economy is headed for some serious stagflation. CBK cant save the situation alone.
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Ali Baba
#255 Posted : Thursday, September 22, 2011 9:18:48 PM
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Joined: 8/29/2008
Posts: 571
One man's loss is another man's gain.I get paid in US dollars.I'm loving this....
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kizee1
#256 Posted : Thursday, September 22, 2011 10:48:07 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
Ali Baba wrote:
One man's loss is another man's gain.I get paid in US dollars.I'm loving this....

are u domiciled in kenya?
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kizee1
#257 Posted : Thursday, September 22, 2011 10:49:56 PM
Rank: Member


Joined: 9/29/2010
Posts: 679
Location: nairobi
Mainat wrote:
Kizee1-Looks like you believed the Kibaki lie that we are self-funding. We are not and need IMF more than it needs us.
Saying that, I think we need to breakout of its straitjacket. By first bringing in fx controls...

when were we last on an imf programme? a country that can print +KES 100bn to purchase fcy reserves cannot monetize to the same extent to beef up its budget?
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Kaigangio
#258 Posted : Friday, September 23, 2011 9:13:04 AM
Rank: Elder


Joined: 2/27/2007
Posts: 2,768
KulaRaha wrote:
Reminds me of the good ol' Eric Kotut days...with IMF SAPs f**king up front and back...


...i am still wondering what this hype is all about record lows that the shilling has fallen to...do you remember in 1993 after the goldenberg scandal revelations it crash landed to about 110 to a dollar before it fell back to sub 60...the difference is in 1993 it was being manipulated by the moi stalwarts...
...besides, the presence of a safe alone does not signify that there is money inside...
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KulaRaha
#259 Posted : Friday, September 23, 2011 9:18:08 AM
Rank: Elder


Joined: 7/26/2007
Posts: 6,514
kizee1 wrote:
Ali Baba wrote:
One man's loss is another man's gain.I get paid in US dollars.I'm loving this....

are u domiciled in kenya?


Exactly! You may get more KES but everything will be much more expensive anyways...zero sum game.
Business opportunities are like buses,there's always another one coming
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2012
#260 Posted : Friday, September 23, 2011 9:42:03 AM
Rank: Elder


Joined: 12/9/2009
Posts: 6,592
Location: Nairobi
kizee1 wrote:
domiciled


Is it just me or does that word sound like an insult?smile


BBI will solve it :)
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