wazua Tue, Mar 31, 2026
Welcome Guest Search | Active Topics | Log In

4 Pages<1234>
REPO-MEN
Options
Previous Topic · Next Topic
hisah
#11 Posted : Wednesday, December 14, 2011 10:37:36 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
GGK wrote:
vicious cycle: strong KSh, more and more unnecessary imports. We need an import policy.

A sober fiscal policy. That should fix the huge gap.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
hisah
#12 Posted : Wednesday, December 14, 2011 10:43:51 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
jamplu wrote:
GenghisCapitalLtd wrote:
Cde Monomotapa wrote:
Tomorrow banks comply with new CRR levels (4.75% to 5.25%) read somewhere that that is approx. a further 7.5B off the table. USD/KES @80 is my target.

Read that too so might we see it below the 80 mark? Follow us on twitter @genghiscapital for latest forex info


around 78 am that optimisticsmile

When we get to 80 then upper 70s will be a possibilty. Let's see.

CBK printing USD via IMF swap lines... Indeed freakonomics with a mighty KES to boot!

Since it is pointless to fight this CBK bazooka, for now banks should short EURKES with 90/- as the target. Then the rotation in Q2 2012 will be to short GBPKES to 100. Money cycles are very interesting i.e. funds flows... We will see how euroland debt bomb deflates.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Back to top
  |
Cde Monomotapa
#13 Posted : Thursday, December 15, 2011 12:55:15 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
GGK wrote:
vicious cycle: strong KSh, more and more unnecessary imports. We need an import policy.

High interest rate regime should curtail discretionary imports (I think/hope)
Back to top
  |
Coolio
#14 Posted : Thursday, December 15, 2011 7:23:06 AM
Rank: Elder

Joined: 10/28/2008
Posts: 2,276
Location: Kibish
Around 80 .
Nadondosha meli kubwa seuze ngalawa!
Back to top
  |
GenghisCapitalLtd
#15 Posted : Thursday, December 15, 2011 8:18:18 AM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
We have, for some time now, been calling for USD/KES to hit 87.50 which had earlier forecast as our "worst case scenario" for the month of December. While we note that the VWAP on USD/KES trade was much higher at 88.15, we feel confident that further forays into the market by the Central Bank will see KES continue to strengthen for the reminder of the year. We therefore turn our focus to our base case which was for USD/KES to hit 85.55 and highlight this as our next target. Our best case for the month remains 82.15.



Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
Back to top
WWW
  | | Edit by user: Thursday, December 15, 2011 8:21 AM | Reason: Not specified
Cde Monomotapa
#16 Posted : Thursday, December 15, 2011 8:24:32 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
GenghisCapitalLtd wrote:
We have, for some time now, been calling for USD/KES to hit 87.50 which had earlier forecast as our "worst case scenario" for the month of December. While we note that the VWAP on USD/KES trade was much higher at 88.15, we feel confident that further forays into the market by the Central Bank will see KES continue to strengthen for the reminder of the year. We therefore turn our focus to our base case which was for USD/KES to hit 85.55 and highlight this as our next target. Our best case for the month remains 82.15.




Cool... smile
Back to top
  |
Pierce
#17 Posted : Thursday, December 15, 2011 8:52:52 AM
Rank: Veteran

Joined: 3/16/2009
Posts: 1,464
Sorry guys,

Pls enlighten me, what does 'REPO-MEN' refer to?
Back to top
  |
simonkabz
#18 Posted : Thursday, December 15, 2011 9:09:07 AM
Rank: Elder

Joined: 3/2/2007
Posts: 8,776
Location: Cameroon
Pierce wrote:
Sorry guys,

Pls enlighten me, what does 'REPO-MEN' refer to?

A certain movie about a powerful cartel leasing artificial organs and violently dealing with defaulters. Hence REPO=Repossession.
TULIA.........UFUNZWE!
Back to top
  | | Edit by user: Thursday, December 15, 2011 9:16 AM | Reason: Not specified
GenghisCapitalLtd
#19 Posted : Thursday, December 15, 2011 9:36:18 AM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
Pierce wrote:
Sorry guys,

Pls enlighten me, what does 'REPO-MEN' refer to?

It is a play of words since the CBK is using REPOs as a tightening policy strategy to support the shilling therefore coining the word REPO-MEN refers to the CBK and the strategy employed. I hope it makes sense Pierce and besides it just stands out doesn't it? Laughing out loudly
Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
Back to top
WWW
  |
GenghisCapitalLtd
#20 Posted : Thursday, December 15, 2011 9:38:14 AM

Rank: Bona-fide

Joined: 11/2/2011
Posts: 191
Location: Nairobi
simonkabz wrote:
Pierce wrote:
Sorry guys,

Pls enlighten me, what does 'REPO-MEN' refer to?

A certain movie about a powerful cartel leasing artificial organs and violently dealing with defaulters. Hence REPO=Repossession.

Thank you simonkabz and it was a good movie with Forrest Whittaker but I didn't mean it in that context, please refer to the above explanation I just wrote for Pierce.
Follow us on Twitter @genghiscapital
“Be a yardstick of quality. Some people aren’t used to an environment where excellence is expected.” Steve Jobs,iGenius
Back to top
WWW
  |
4 Pages<1234>
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Investor Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.