Yes Mr Volker @Hisah was gonna be my next referance

PS: The continued crisis abroad should gaurantee us lower oil & commodity prices going-foward which will boost our domestic economy (another man's meat is anothers poison - Capitalism 1o1)

I think it would be simplistic for us to assume that a couple would easily cede the home their family lives in especially where they have room to cut on discretionary spending. I think outright job loss is a bigger/more valid threat to mortgages in the short term.

this is what thomas jefferson said about central banks

I believe that banking institutions are more dangerous than standing armies…if the American people ever allow private banks to control the issue of currency…the banks and corporations that will grow up around them will deprive the people of their property until their children wake up homeless on the continent that their fathers conquered.” Thomas Jefferson, 1743-1826

...fast forward to 2008 and what happens? sub prime? why is kenya and different? these are mere games

Every IMF Package comes with its own austerity...the IMF is in Town....Kenyans wake up and smell the coffe...the IMF way is a highway to ruin!!!

More tightening of belts aka SAPS?

Lol for those who took out unsecured loans to buy those shares better pray for this calf to turn into a mighty Bull cos u will need more than 20% to break even!!!

looks like the bond market will get sweeter..

KCB and stanchart have already decided on raising rates to between 25-27%.. Lets see who'll be crazy enough to borrow.

Quick questions for the economists.
1. Most banks had grown their deposits. With increase in interest rates, there will be less lending. Where are banks going to invest the increased deposits?
2. I had intended to take a mortgage at 13% from kcb to buy an apartment. Should i?