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Ksh at its weakest since it floated in 1994
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kaifastus
#361 Posted : Thursday, September 29, 2011 10:55:39 PM
Rank: Member

Joined: 8/17/2011
Posts: 207
Location: humu humu
speculation has taken a negative turn in kenya..land forex,stocks(rise of technicians and shrt sellers) just like forbes...then pple start lukng for sm1 or smthng to blame when expectations of profit come tumbling down..those of us who ave goten a chance to interact with prof ndungu at AERC grad school will agree hes very brilliant.arrgnt perhaps but a top notch economist. we cant raise intrst rates now.its bad 4 biz.lets watch how the sh behaves next wk.
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Cde Monomotapa
#362 Posted : Friday, September 30, 2011 6:38:47 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
kaifastus wrote:
speculation has taken a negative turn in kenya..land forex,stocks(rise of technicians and shrt sellers) just like forbes...then pple start lukng for sm1 or smthng to blame when expectations of profit come tumbling down..those of us who ave goten a chance to interact with prof ndungu at AERC grad school will agree hes very brilliant.arrgnt perhaps but a top notch economist. we cant raise intrst rates now.its bad 4 biz.lets watch how the sh behaves next wk.

Real Talk - 2011 goes to the hop-scotch speculators & market timers. My confidence in Prof. Ndung'u is still intact too as he always takes good care of the long-players segment at the end of the day. (twas painful to read the slander all about)
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  | | Edit by user: Friday, September 30, 2011 6:42 AM | Reason: Not specified
hisah
#363 Posted: : Friday, September 30, 2011 11:55:43 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
USDKES 100/- handle is the line in the sand for this fight club... Whoever can sustain the most blows and remain standing will rule the day. And that day points to 110/- instead of sub 100... Sad
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#364 Posted : Sunday, October 02, 2011 5:17:27 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Money & politics... Now the politicians will save the shilling. What a superb financial instrument this... The lukewarm subscription of the 12 yr infra bond also sold to the diaspora points to the investors winning round 1 in this fight club... The longer it takes to bite the bullet, the sharper the pain will get. Extraordinary times call for extraordinary measures and the regulator is still sleeping on the job. Good luck...

http://www.nation.co.ke/...006/1246290/-/86988qz/-/
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#365 Posted : Sunday, October 02, 2011 7:09:43 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
the house comittee will give it findings after 4months! can anyone tell this clowns that by then we could have been to 120 and back down? 4 months ago kes was ine mid 80s...
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Mainat
#366 Posted : Sunday, October 02, 2011 8:25:43 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Zero idea. I'll vote for ze guy who outlaws commissions/committee of inquiry. Its a moiesque nonsense without parallel that says we don't know what we are doing but we are going to pretend
Sehemu ndio nyumba
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Njung'e
#367 Posted : Monday, October 03, 2011 9:53:33 AM
Rank: Elder

Joined: 2/7/2007
Posts: 11,935
Location: Nairobi
http://www.businessdaily...1/-/27ojfv/-/index.html

From this article,what is the most likely scenario going forward?.
Nothing great was ever achieved without enthusiasm.
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kizee1
#368 Posted : Monday, October 03, 2011 10:05:58 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
Njung'e wrote:
http://www.businessdailyafrica.com/New+trading+rules+hit+banks+forex+income/-/539552/1246508/-/item/1/-/27ojfv/-/index.html

From this article,what is the most likely scenario going forward?.



cbk will sell to importers and erode reserves...it will then come to the same market it has demonized to shore up the same? how is this a solution?
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'user'
#369 Posted : Monday, October 03, 2011 10:27:22 AM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
kizee1 wrote:
Njung'e wrote:
http://www.businessdailyafrica.com/New+trading+rules+hit+banks+forex+income/-/539552/1246508/-/item/1/-/27ojfv/-/index.html

From this article,what is the most likely scenario going forward?.



cbk will sell to importers and erode reserves...it will then come to the same market it has demonized to shore up the same? how is this a solution?


CBK is in a tight corner , just kicking and throwing 360 degree punches to free itself .We should rather keep on giving suggestions on how to save the shilling.
CBK is now totally short of ideas .
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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KulaRaha
#370 Posted : Monday, October 03, 2011 10:31:45 AM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Lets look at this soberly.

In July, Kenya imported KES 104B worth of goods, and exported 43B.

There was a net shortfall of KES 61B of forex needed.

That same month CBK reserves went up 5.5B while banks reserves went up 17.5B.

There's just too much demand for forex and not enough supply!

I see 110.00 easily.
Business opportunities are like buses,there's always another one coming
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