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IMF: Kenya's economy self reliant, don't need EU
Rank: Chief Joined: 1/13/2011 Posts: 5,964
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ChessMaster wrote:Interesting.China and its impact on sanctioned countries. Then you apologize http://www.sundaynews.co...-stories&Itemid=130 Acknowlege you mistakes http://harare24.com/index-id-News-zk-14433.html and serve the INTERESTS of your COUNTRY http://www.herald.co.zw/...-stories&Itemid=130
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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ChessMaster wrote:Interesting.China and its impact on sanctioned countries. Yes @cde. I hope we can bring the light so that people can see there's hope. I'm saddened as a KE mwananchi that people are hoping for the worst instead of seeing the bright future ahead and planing to lift themselves up.
S.America has just transitioned back from the dead and this time for good after following the Asian template. Africa is also going to do the same. The old world is putting up a major fight, but it won't work. It takes time for change to reflect. 2050 the world will be very different and history will be written differently and accurately.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Btw the current sanctions on Zim and Iran are shaping up to be very interesting case studies. Without military hardware it is increasingly becoming a stale strategy. Military hardware is also a huge expense skin-hole and with devaluation picking up it's becoming even more expensive to finance long term occupation if economical sabotage doesn't work. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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Justice should be served although I don't think Kenya will be easily threatened.Our importance in the geoeconopolitical arena of Africa can't be understated. Uncertainty is certain.Let go
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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what I find interesting is how can a country be placed under sanctions if they elect a leader democratically e.g. in a landslide fashion. Since Jubilee is the one that seems to elicit the most sanctions fear, assuming they win this way is it wrong when the people of the nation make their choice democratically. This reminds me of Palestine when Hamas took govt against all odds! Disclaimer I'm not a CORD, Jubilee etc supporter, but slightly inclined to Amani coalition. I am just a peaceful and rational KE mwananchi and only hope for a peaceful process whoever comes on board. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/23/2009 Posts: 1,626
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hisah wrote:what I find interesting is how can a country be placed under sanctions if they elect a leader democratically e.g. in a landslide fashion. Since Jubilee is the one that seems to elicit the most sanctions fear, assuming they win this way is it wrong when the people of the nation make their choice democratically. This reminds me of Palestine when Hamas took govt against all odds!
Disclaimer I'm not a CORD, Jubilee etc supporter, but slightly inclined to Amani coalition. I am just a peaceful and rational KE mwananchi and only hope for a peaceful process whoever comes on board. hisah I think the most important thing you pointed out was the fact that investment is pouring in Kenya and East Africa in general. I don't think they would continue to if they didn't see a solution to this and other elections. Uncertainty is certain.Let go
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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hisah wrote:ChessMaster wrote:Interesting.China and its impact on sanctioned countries. Yes @cde. I hope we can bring the light so that people can see there's hope. I'm saddened as a KE mwananchi that people are hoping for the worst instead of seeing the bright future ahead and planing to lift themselves up.
S.America has just transitioned back from the dead and this time for good after following the Asian template. Africa is also going to do the same. The old world is putting up a major fight, but it won't work. It takes time for change to reflect. 2050 the world will be very different and history will be written differently and accurately. Indeed and it follows being a strong proponent of the proposed BRICS Bank coz its the Bretton pullout that broke Zim's back in '02, otw, with its agro-mineral base it would be up there with SA...but err.. now it's a blessing  (and I wouldn't have been there inorder to share the experiences now - somewhat owe it to the West too!  )
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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The conundrum - http://www.independent.c...yatta-wins-8510687.html What if an outlier happens and a smaller party wins. Spanner in the works $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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Here we go @guru.....I have always told u its their interests that matter, not Wanjiku "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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murchr wrote:Here we go @guru.....I have always told u its their interests that matter, not Wanjiku This is the year of jubilee especially after events in the past few weeks... All I can hope for now is a second round!! If Uhuru does eventually make it to office I really hope all the chest thumping and China threats pay off for the sake of our country! Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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murchr wrote:Here we go @guru.....I have always told u its their interests that matter, not Wanjiku http://www.glob.co.zw/in...:analysis&Itemid=65 | http://www.newsday.co.zw...hich-is-the-way-forward/
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Rank: New-farer Joined: 1/4/2013 Posts: 22
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guru267 wrote:murchr wrote:Here we go @guru.....I have always told u its their interests that matter, not Wanjiku This is the year of jubilee especially after events in the past few weeks... All I can hope for now is a second round!! If Uhuru does eventually make it to office I really hope all the chest thumping and China threats pay off for the sake of our country! yes because treasury is broke The next president set to inherit a broke treasuryDum vivimus, vivamus.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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GoK has played a good role over the last 10 years in far as the infrastructure momentum is concerned & that's why we're now calling for a peaceful elections so that the private sector (both local & foreign) can play a larger role going forward & trust me, the private capital is so there & in plenty. As far as govt to govt aid is concerned, especially Western, common sense is austerity for them is austerity for us. Just watch how NGOs will also start to disappear as a testament. VOTE PEACEFULLY.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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new wrote:guru267 wrote:murchr wrote:Here we go @guru.....I have always told u its their interests that matter, not Wanjiku This is the year of jubilee especially after events in the past few weeks... All I can hope for now is a second round!! If Uhuru does eventually make it to office I really hope all the chest thumping and China threats pay off for the sake of our country! yes because treasury is broke The next president set to inherit a broke treasury Jubilee or CORD or whoever makes it to the top will face this situation.
Two tough choices have to be made. Cut jobs and unnecessary spending or print money. The former is most unpopular, but best way out and ensures faster recovery. The latter is the easier, but will definitely derail the econ by devaluing KES & spiking inflation with worse effects.
Just like any person, gok has to live within its means. Ironically, even the 1st world is not doing so! They too are printing money!
This is why I called it a conundrum...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 7/6/2010 Posts: 242
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With the Head of IMF in town, am just wondering what are these external shocks that the Treasury is seeking to cushion the country from...? Are they foreseeing something We are not aware of?
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Rank: New-farer Joined: 11/17/2013 Posts: 80 Location: Juja
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josimar wrote:With the Head of IMF in town, am just wondering what are these external shocks that the Treasury is seeking to cushion the country from...? Are they foreseeing something We are not aware of? reverse flow of capital because of tapering.. Possible slow down in growth of China... Lower commodity prices. On a long enough timeline, the life expectancy of everyone drops to zero.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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josimar wrote:With the Head of IMF in town, am just wondering what are these external shocks that the Treasury is seeking to cushion the country from...? Are they foreseeing something We are not aware of? When you float a global bond you open yourself up to international bond vigilantes... That hot money when things go bananas can make things very nasty since no CB is bigger than the market when it comes to quickfire liquidity. See how indian is struggling with gold control...
Read about G. Soros on how his bets made BoE squirm as the pound got a proper shaving back in 1991. Other samples are mexican tequilla crisis, argentine bond crisis, russia bond crisis, asian crisis etc.
The other day KES was being thumped and CBK almost lost the plot, but survived. They've learned their lesson.
**Risk management is crucial this year...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Member Joined: 7/6/2010 Posts: 242
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Quote:When you float a global bond you open yourself up to international bond vigilantes... That hot money when things go bananas can make things very nasty since no CB is bigger than the market when it comes to quickfire liquidity. See how indian is struggling with gold control...
Read about G. Soros on how his bets made BoE squirm as the pound got a proper shaving back in 1991. Other samples are mexican tequilla crisis, argentine bond crisis, russia bond crisis, asian crisis etc.
The other day KES was being thumped and CBK almost lost the plot, but survived. They've learned their lesson.
**Risk management is crucial this year... Your input makes a lot of sense.
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Rank: Veteran Joined: 2/10/2010 Posts: 1,001 Location: River Road
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hisah wrote:josimar wrote:With the Head of IMF in town, am just wondering what are these external shocks that the Treasury is seeking to cushion the country from...? Are they foreseeing something We are not aware of? When you float a global bond you open yourself up to international bond vigilantes... That hot money when things go bananas can make things very nasty since no CB is bigger than the market when it comes to quickfire liquidity. See how indian is struggling with gold control...
Read about G. Soros on how his bets made BoE squirm as the pound got a proper shaving back in 1991. Other samples are mexican tequilla crisis, argentine bond crisis, russia bond crisis, asian crisis etc.
The other day KES was being thumped and CBK almost lost the plot, but survived. They've learned their lesson.
**Risk management is crucial this year...
I'm actually very worried given the way our politicians are so given to knee-jerk reactions waking up one morning to make policy pronouncements e.g. the power tariffs hike then now demanding that banks lower interest rates. We are going into interesting times. Liquidity will be key to risk management in the next 2 years if that Eurobond goes through
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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