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Ksh at its weakest since it floated in 1994
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kizee1
#241 Posted : Thursday, September 22, 2011 4:18:48 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
cnn wrote:
kizee1 wrote:
99.25 paid, IMF shud go to hell! infact IMF are the 1s who put as here
Seen that too,does CBK have much choice here?
again we need to get off the IMF/WB programme and chart our own course, IMF wil not let us sell OUR reserves to protect OUR currency! WTF! WAT IS THE PURPOSE OF FCY RESERVES?
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hisah
#242 Posted : Thursday, September 22, 2011 4:19:19 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Yap - 99.25 and a huge % down - 2.48% for KES. This KES is becoming pieces of papers... The dollar rally explosion continues in euroland. EURUSD breaks below 1.34, but now sharply rebounding on market rumours that Fed bank NY will cut swap line rates. CDS market - bleeding esp French banks - this is Sept 12 2008. Even China CDS is spiking?! Dollar panic central this!!! And all this is happening before NY session goes online. Yikes! Oh, dear fed bank, please please please print $10 Trillion today to stem this coming hurricane...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Thursday, September 22, 2011 6:32 PM | Reason: Not specified
hisah
#243 Posted : Thursday, September 22, 2011 4:23:11 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kizee1 wrote:
cnn wrote:
kizee1 wrote:
99.25 paid, IMF shud go to hell! infact IMF are the 1s who put as here
Seen that too,does CBK have much choice here?
again we need to get off the IMF/WB programme and chart our own course, IMF wil not let us sell OUR reserves to protect OUR currency! WTF! WAT IS THE PURPOSE OF FCY RESERVES?
Must hold forex reserves to make the dollar relevant... Must hold to make the global ponzinomics to continue etc... You refuse, we shark you with econ embargoes or if too strong we send in the military to take out the rogue regime and replace it with a dollar friendly one...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#244 Posted : Thursday, September 22, 2011 4:32:45 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Our FX reserves are useless against the flight to USD going on. The econ data out of EUR & USD today are all pathetic and hence both ccys are fundamentally shitty but global investors are chosing USD strongly as the lesser of two evils smile to KES detriment though Sad
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  | | Edit by user: Thursday, September 22, 2011 4:33 PM | Reason: Not specified
Cde Monomotapa
#245 Posted : Thursday, September 22, 2011 4:35:57 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Brent getting a good smacking though smile
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Mainat
#246 Posted : Thursday, September 22, 2011 4:37:37 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Kizee1-Looks like you believed the Kibaki lie that we are self-funding. We are not and need IMF more than it needs us. Saying that, I think we need to breakout of its straitjacket. By first bringing in fx controls...
Sehemu ndio nyumba
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the deal
#247 Posted : Thursday, September 22, 2011 4:42:14 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
Asks at Sh100 am I seeing double double http://contrarianinvestingkenya.info play that swansong for the KES!!!
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KulaRaha
#248 Posted : Thursday, September 22, 2011 4:45:14 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Reminds me of the good ol' Eric Kotut days...with IMF SAPs f**king up front and back...
Business opportunities are like buses,there's always another one coming
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Cde Monomotapa
#249 Posted : Thursday, September 22, 2011 4:49:12 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
The re-arrangement of global economic fortunes is firmly on track smile but whoever thought it'll be a blood-less revolution is very shocked at all this. SSA Baby!!
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Cde Monomotapa
#250 Posted : Thursday, September 22, 2011 4:56:03 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
The re-arrangement of global economic fortunes is firmly on track smile but whoever thought it'll be a blood-less revolution is very shocked at all this. SSA Baby!!
This is what makes me smile
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