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Ksh at its weakest since it floated in 1994
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hisah
#651 Posted : Wednesday, February 15, 2012 6:56:20 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@kizee - shorting KES with CBR at double digits will be tough biz. But the moment CBK is pressed to lower it (they have to print money esp political influence) with inflation still at double digits, shorting KES resumes pronto due to the rates mismatch... For now it is still murky trying to figure out which way to play. I'm waiting for the so called $600M loan boost to see the market effect. Internationally, the global oil price spike and a likely Greece default are creating a lot of fog to forecast a medium term outlook - this two events happening together will just crash the markets.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#652 Posted : Wednesday, February 15, 2012 8:15:50 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
And here comes the new inflation model... When CBK does a CBR rate shock reduction, just grab stocks esp blue chips since the t-bill game will have been declared dead.

http://www.businessdaily...08/-/whfnh1/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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guru267
#653 Posted : Wednesday, February 15, 2012 10:49:23 PM
Rank: Elder

Joined: 1/21/2010
Posts: 6,675
Location: Nairobi
A scathing report against parliamenterians which I totally agree with..

www.businessdailyafrica....0/-/bi7512z/-/index.html

Although I believe Ndungu shouldnt have interfered in forex, I do not think he should step down based on these MPs reports.
Mark 12:29
Deuteronomy 4:16
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Cde Monomotapa
#654 Posted : Wednesday, February 15, 2012 11:39:25 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
the deal wrote:
Hehehe unbelievable those MPs, the Prof to be sacked...woow @Cde you must be mad!!!

There is a legal provision of "security of tenure" for the Governor. 2ndly, a recc.can't move the President to any specific action. Thus, the mortals can stay entertained by the politicians (their intention anyway)
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Cde Monomotapa
#655 Posted : Wednesday, February 15, 2012 11:43:31 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Can't U see how these politicians waste ur time? 1st Pyramid schemes, recently Syokimau. Simply, it is not Govt.policy to compensate victims of shady deals..suckers. SMH
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Cde Monomotapa
#656 Posted : Thursday, February 16, 2012 12:03:08 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Even the oldest of books, The Good Book is clear that "Ignorance is death."
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Cde Monomotapa
#657 Posted : Thursday, February 16, 2012 12:07:51 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
Even the oldest of books, The Good Book is clear that "Ignorance is death."

BD is clever enough to print what you'd like to hear & not what you ought know (that's boring-won't sell). That's how they'll always be a few truly rich folks coz they'll always be a large mass of ignoramus pigs to slaughter.
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  | | Edit by user: Thursday, February 16, 2012 12:09 AM | Reason: :-[
Cde Monomotapa
#658 Posted : Thursday, February 16, 2012 7:40:17 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Brent crude is ticking up now. Let me see the 1st idiot here to blame that on either CBK or ERC.
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hisah
#659 Posted : Thursday, February 16, 2012 7:53:26 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Brent crude is ticking up now. Let me see the 1st idiot here to blame that on either CBK or ERC.

We will form a local tribunal or take cbk, erc & opec to the hague... The circus d'oh!
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Scubidu
#660 Posted : Thursday, February 16, 2012 8:46:33 PM
Rank: Veteran

Joined: 9/4/2009
Posts: 700
Location: Nairobi
hisah wrote:
And here comes the new inflation model... When CBK does a CBR rate shock reduction, just grab stocks esp blue chips since the t-bill game will have been declared dead.

http://www.businessdaily...08/-/whfnh1/-/index.html


My goodness Sad What are they thinking? Anyone read Edwin Nyanducha interesting comments on the shilling?
“We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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