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Nd'ung'u rated the worst central banker in Africa in 2011
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youcan'tstopusnow
#21 Posted : Tuesday, December 06, 2011 8:20:23 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Cde Monomotapa wrote:
Frankly, many of us here have built and grown our asset columns under his tenure. Vindicating such a man esp.on items out his control is uncalled for. Ama?


Time to stop uncalled for criticism of CBK

http://www.businessdaily.../-/743or9z/-/index.html

GOD BLESS YOUR LIFE
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guru267
#22 Posted : Tuesday, December 06, 2011 9:29:00 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Cde Monomotapa wrote:
Cde Monomotapa wrote:
Vindicating such a man esp.on items out his control is uncalled for. Ama?

Rated better by what yardstick...Rain maker? Farmer? Oil producer or market maker? Custodian of fiscal policy? (PS Kinyua/UK)


@Cde if the situation is soo out of his control then why must he then act??
Why doesnt he let the treasury do its part to solve the issues you have mentioned above?
How does raising interest rates from 6-18% in months solve the above issues you have mentioned above??

IMHO he deserves 1.5 out of 10... He is completely missed the point!!
Mark 12:29
Deuteronomy 4:16
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Cde Monomotapa
#23 Posted : Tuesday, December 06, 2011 9:41:13 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Good. Guru is the 1st to concede that he has control over Monetary Policy only. Whose next. And I thought it a no brainer that straining money has an impact on curbing inflation smile who is with me? I know the Chinese central banker is with Prof n I on that action smile
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Cde Monomotapa
#24 Posted : Tuesday, December 06, 2011 9:45:40 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
youcan'tstopusnow wrote:
Cde Monomotapa wrote:
Frankly, many of us here have built and grown our asset columns under his tenure. Vindicating such a man esp.on items out his control is uncalled for. Ama?


Time to stop uncalled for criticism of CBK

http://www.businessdaily.../-/743or9z/-/index.html


I said a big AMEN to this article btw. Cheers comrade.
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guru267
#25 Posted : Tuesday, December 06, 2011 9:50:15 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Cde Monomotapa wrote:
And I thought it a no brainer that straining money has an impact on curbing inflation smile who is with me? I know the Chinese central banker is with Prof n I on that action smile


Unfortunately this is a common mistake made...
This solution only works in developed/emerging markets and not backward 3rd world states like Kenya!

So definitely on the contrary the chinese governor must be ridiculing Ndungus actions as rudimentary..
Mark 12:29
Deuteronomy 4:16
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'user'
#26 Posted : Tuesday, December 06, 2011 9:52:48 PM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
don't I say ndungu and syokimau bulldozers compare well.destruction.
he encouraged people to take loans then made the rates unreacheable after people have taken the loans
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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Cde Monomotapa
#27 Posted : Tuesday, December 06, 2011 9:55:26 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
To the contrary, the chinese central bank has been implementing similar monetary tightnening to what Prof.has been pursuing. And China's inflation has cooled. Read widely and since this is public info..feel free to google it.
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Cde Monomotapa
#28 Posted : Tuesday, December 06, 2011 10:00:54 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Moreover, the arguement that low interest regimes are directly co-related to mass uptake & investment has been negated by the ongoing Western fundamental economic decline. Infact, many of their corporates are sitting on record amounts of cash BUT instead of investing, they are down-sizing, firing staff and or investing in emerging markets. So keep ur shirts & knickers on. We'll be OK.
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  | | Edit by user: Tuesday, December 06, 2011 10:18 PM | Reason: Not specified
guru267
#29 Posted : Tuesday, December 06, 2011 10:23:20 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
Cde Monomotapa wrote:
To the contrary, the chinese central bank has been implementing similar monetary tightnening to what Prof.has been pursuing. And China's inflation has cooled. Read widely and since this is public info..feel free to google it.


Please get this..

China: emerging soon to be developed economy..
Kenya: 3rd world backward economy..

How can anyone of sound mind expect the two different economies to implement the same policies??
It has already been studied and proven that keynisian economics has little relevance in 3rd world countries..
Mark 12:29
Deuteronomy 4:16
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  | | Edit by user: Tuesday, December 06, 2011 10:26 PM | Reason: Not specified
Cde Monomotapa
#30 Posted : Tuesday, December 06, 2011 10:30:51 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
guru267 wrote:
Cde Monomotapa wrote:
To the contrary, the chinese central bank has been implementing similar monetary tightnening to what Prof.has been pursuing. And China's inflation has cooled. Read widely and since this is public info..feel free to google it.


Please get this..

China: emerging soon to be developed economy..
Kenya: 3rd world backward economy..

How can anyone of sound mind expect the two different economies to implement the same policies??
It has already been studied and proven that keynisian economics has little relevance in 3rd world countries..

Cause & effect spares no man or woman smile if it were not so then we'd still find, or @guru & co.would, investing in Western economies that are wallowing in alarming levels of both personal & sovereign debt a worthwhile activity.
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  | | Edit by user: Wednesday, December 07, 2011 6:15 AM | Reason: Not specified
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