Wazua
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Ksh at its weakest since it floated in 1994
Rank: Member Joined: 11/17/2009 Posts: 399 Location: Where everyone knows you
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THIS.Let us also pray. Things are Elephant.
This is to do with 2012 elections. We are having some erections.
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Rank: Veteran Joined: 7/22/2011 Posts: 1,325
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I once said that it was too early to celebrate, I wouldnt be surprised if we got to 120!
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Rank: Member Joined: 10/8/2010 Posts: 281
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Embarassing for being forward forward 
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@deal - Are you also seeing the tailspin playing out...  http://www.businessdaily...0/-/10wg4vu/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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[quote=hisah]@deal - Are you also seeing the tailspin playing out... http://www.businessdaily.../-/10wg4vu/-/index.html[/quote] Finally a MP @Okemo with a brain btwn his ears 
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Definitely the blame game will do no justice to the Shilling...time to play that swansong.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Definitely the blame game will do no justice to the Shilling...time to play that swansong. I describe it as a fair distribution of responsibilty/blame amongst fiscal & monetary planners. Ndung'u like Bernanke are the scape goats for contributory shortcomings of Treasury Secretaries Kinyua & Tim Geithner*
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Rank: Elder Joined: 9/23/2010 Posts: 2,221 Location: Sundowner,Amboseli
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hisah wrote:Yield curve...  T-bill 91 day weekly... The signal was flagged on auction #1903 - that was the rate money lenders to gok wanted the interest rates as inflation rate went above the cbk limit of 5%... http://www.centralbank.g...ills/WeeklyBills91.aspx
So will we see T-Bill 91 day interest rate break above 20%... Look at 2000, 1999, 1998, 1997, 1996, 1995 and the holy grail year 1993 when the rate spiked to 72.09%... Latest T-Bill 91 day auction interest rate was 14.83%. And investors are expected to put money in stocks or worse a bank savings account which as per cbk stats pays 1.37% interest (Aug 2011) and a deposit rate is 4.07% (Aug 2011). At this rate, just borrow from your saccos and buy those T-bills. They'll pay for your loans... Money goggles... Good one! But it had better be a 1 year loan and not more! It was done in the 90s! @SufficientlyP
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Rank: Elder Joined: 12/6/2008 Posts: 3,554
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Don't forget to blame the havoc wrecked on telcos by the indians, many thought it was a simple issue of "cheap calls", "what we save on calls we will spend on sugar, fuel and buy more dollars" but the service sector(led by rapid telcoms expansion) was contributing 62% to GDP na sasa ni bure. Meru Holiness
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Coordinated sale of $s within the EAC. Still fuffing about. We need to cut back on bs like this http://www.nation.co.ke/News/po...4/-/bn1h1az/-/index.html. Ksh380m? Some mafaka who ain’t paying no tax just having a laugh at the expense of tax paying Kenyans. Sehemu ndio nyumba
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Rank: Elder Joined: 7/26/2007 Posts: 6,514
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Mainat wrote:Coordinated sale of $s within the EAC. Still fuffing about. We need to cut back on bs like thishttp://www.nation.co.ke/News/politics/Kenya+VP+Sh380m+home+nears+completion/-/1064/1254304/-/bn1h1az/-/index.html. Ksh380m? Some mafaka who ain’t paying no tax just having a laugh at the expense of tax paying Kenyans. Now you're getting to the bottom of the problem. This economy has overtaken it's stupid corrupt leaders. We all want stability, yet we vote for our tribal kings every time. You cant eat you cake and have it! Business opportunities are like buses,there's always another one coming
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Wacheni kulalamika and u own cement & energy stocks
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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In other constructive matters..this is what our EAC central planners were having tea over today. http://www.centralbank.g...0OCTOBER%2012%202011.pdf
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Rank: Chief Joined: 5/31/2011 Posts: 5,121
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Sufficiently Philanga....thropic wrote:hisah wrote:Yield curve... T-bill 91 day weekly... The signal was flagged on auction #1903 - that was the rate money lenders to gok wanted the interest rates as inflation rate went above the cbk limit of 5%... http://www.centralbank.g...ills/WeeklyBills91.aspx
So will we see T-Bill 91 day interest rate break above 20%... Look at 2000, 1999, 1998, 1997, 1996, 1995 and the holy grail year 1993 when the rate spiked to 72.09%... Latest T-Bill 91 day auction interest rate was 14.83%. And investors are expected to put money in stocks or worse a bank savings account which as per cbk stats pays 1.37% interest (Aug 2011) and a deposit rate is 4.07% (Aug 2011). At this rate, just borrow from your saccos and buy those T-bills. They'll pay for your loans... Money goggles... Good one! But it had better be a 1 year loan and not more! It was done in the 90s! Are SACCOS already lending at lower interest rates than the t-bill rate?
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Rank: Chief Joined: 1/3/2007 Posts: 18,221 Location: Nairobi
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Much Know wrote:Don't forget to blame the havoc wrecked on telcos by the indians, many thought it was a simple issue of "cheap calls", "what we save on calls we will spend on sugar, fuel and buy more dollars" but the service sector(led by rapid telcoms expansion) was contributing 62% to GDP na sasa ni bure. What a load on unadulterated bullcrap! Economics 101. Cash saved on 'phonecalls' is used elsewhere (including buying more data bundles)... Just coz safcom was raping us on voice calls does not mean more cash would have been available to 'save' us! I think wazua should run an IQ test before they admit some folks! Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/29/2006 Posts: 2,570
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@vvs. "Much know"=Mjuaji ama Mjua. The opposite of courage is not cowardice, it's conformity.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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And the circus continues... http://www.nation.co.ke/.../-/67c8qvz/-/index.html
When Le prof says they never saw this coming after printing KES out of nothing to stimulate the econ in 2009/2010, that is bs esp on the devaluation effect. To also admit naivety on the current global shock is also bs. Central planners check for both internal & external effects while planning. Euroland debt issues started in Dec 2009 & in May 2010 the 1st shock came. Again May 2011 the shock hit harder. Le prof is now promising lull & calm 6 months out, the same way he stated in april that the inflation spike is a blip... Anyway, nothing to see here, let us continue to pretend all is well. TGIF... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 11/21/2006 Posts: 1,590
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Listening to this http://bit.ly/oTfhCg, its fairly obvious that Ksh problem is that our FinMin is AFC (absolutely clueless) which is a joke at this time. What does he mean there will be spending cuts-should he be announcing about now; What does he mean by demand pressure from market players-is he talking about manipulation? So the solution is to borrow more from IMF? After 3 months of relentless downward slide. Sehemu ndio nyumba
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Ksh at its weakest since it floated in 1994
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