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dunkang		#931 Posted : Monday, July 20, 2015 10:56:35 AM
Rank: Elder Joined: 6/2/2011 Posts: 4,824 Location: -1.2107, 36.8831		Fitch Ratings has revised the Outlook on Kenya's Long-term foreign and local currency Issuer Default Ratings (IDR) to Negative from Stable and affirmed them at 'B+' and 'BB-', respectively. The agency has also affirmed the Short-term IDR at 'B' and Country Ceiling at 'BB-'. The issue ratings on Kenya's senior unsecured foreign and local currency bonds have been affirmed at 'B+'. RINK NDO HII PAPA HAPA Receive with simplicity everything that happens to you.” ― Rashi
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hisah		#932 Posted : Monday, July 27, 2015 4:47:58 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Equities in a slump, real estate slumping before 2nd shock CBR rate hike and KBRR hike. Econ in a slump. The recession is gaining traction Money market taking over! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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muganda		#933 Posted : Monday, July 27, 2015 8:41:34 PM
Rank: Elder Joined: 9/15/2006 Posts: 3,907		“We do understand the risks and the problems that would come from targeting a rate. We definitely want to be sure that if there is movement in the rate, it is smooth, gradual and something that can be picked up by the entire economy” CBK Governor
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Sufficiently Philanga....thropic		#934 Posted : Monday, July 27, 2015 10:45:45 PM
Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli		muganda wrote: “We do understand the risks and the problems that would come from targeting a rate. We definitely want to be sure that if there is movement in the rate, it is smooth, gradual and something that can be picked up by the entire economy” CBK Governor Throwing in the towel? Renminbi clearing house now our saving grace @SufficientlyP
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hisah		#935 Posted : Saturday, August 01, 2015 5:18:59 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Kenya inflation falls unexpectedly in July on lower food prices Low inflation, high interest rates, econ macros out of sync... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#936 Posted : Wednesday, August 05, 2015 6:03:37 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Hikes paused. CBR maintained at 11.50% with next meeting slated in September. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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murchr		#937 Posted : Wednesday, August 12, 2015 5:30:22 AM
Rank: Elder Joined: 2/26/2012 Posts: 15,980		Read if you have time "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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hisah		#938 Posted : Wednesday, August 12, 2015 7:33:04 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Expensive fuel will be a tough sell dear ERC and oil honchos. Things will grind to a halt. Don't be surprised when they do... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#939 Posted : Friday, August 14, 2015 12:52:53 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		Central Bank Rate - 11.50% Interbank Rate - 24.0373% as at 13/08/2015 91 Day T-Bill - 11.49% as at 17/08/2015 Inflation Rate - 6.62% for Jul 2015 Lending Rate - 15.26% for May 2015 Savings Rate - 1.48% for May 2015 Deposit Rate - 6.55% for May 2015 KBRR - 9.87% as at 07/07/2015 Everything is pretty distorted here! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah		#940 Posted : Friday, August 14, 2015 1:58:23 PM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		hisah wrote: KES/UGX - Muscular, very bullish KES KES/TZS - Bullish KES USD/KES - bearish KES USD/UGX - strong bear UGX USD/TZS - strong bear TZS KE trades a lot with UG. Meaning UG needs a lot more UGX to exchange for KES. Impact KE goods are now more expensive thus they'll cut back on KE imports as well as USD imports. Same case for TZ. KE econ in a slump, facing expensive USD, with expensive KES reducing UG/TZ export trade. Is anyone seeing what's coming?? CBK can't solve this equation with rate hikes. Treasury ministry gone bonkers! Unless bernanke literally pours USD from his helicopter in KE to save that widening current account deficit. This will be tough to watch Why Uhuru has stuck to controversial deals with Museveni Image courtesy on Business Daily KE $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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