wazua Fri, Jun 19, 2026
Welcome Guest Search | Active Topics | Log In

19 Pages<12345>»
Of Kusema na Kutender and Economy Melt Down
Options
Previous Topic · Next Topic
TAZ
#21 Posted : Saturday, October 24, 2015 10:19:34 AM
Rank: Elder

Joined: 11/14/2007
Posts: 4,152
maka wrote:
@Boris please get serious....for once....this idiots are effin up the country it's no secret....the red eyed thug has no control and thieves are having a field day na bado I pity peeps who have taken loans...


I think this had to done inorder to reduce pressure on the Shilling, which economist had warned would have an negative impact on the economy if not checked. I'm no expert in Macroeconomics but i think this situation is working well for the CBK Governor, the idea was to control the money in circulation.

CBK hits borrowers hard to save shilling

"When fewer people and business borrow for fear of high interest rates on loans, the supply of Kenya Shilling drops significantly thus increasing its demand. The higher the demand for the Kenya Shilling, the stronger it gets against the US dollar........"
Back to top
  | | Edit by user: Saturday, October 24, 2015 10:28 AM | Reason: Not specified
Bigchick
#22 Posted : Saturday, October 24, 2015 10:41:23 AM
Rank: Elder

Joined: 2/8/2013
Posts: 4,068
Location: At Large.
As we are hit hard we shall begin to appreciate the dangers of some of the things happening around us.Corruption,heavy theft,excessive borrowing by government,cost of devolution,living beyond our means etc.Am sure we are getting wiser and soon natural reaction will bring forth solutions.Civil servants earning 100k may have to explain how they built blocks of flats in Eastleigh or how they bought vehicles worth 10M.

Meanwhile we have no candidate for 2017 and we need to scout for one.UK is failing and obviously RAO is not the better option.

And we also need to reduce some positions in both national and county government.
Love is beautiful and so are those who share it.With Love, Marriage is an amazing event in ones life time, the foundation of joy, happiness and success.
Back to top
  |
limanika
#23 Posted : Saturday, October 24, 2015 10:41:57 AM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
TAZ wrote:
maka wrote:
@Boris please get serious....for once....this idiots are effin up the country it's no secret....the red eyed thug has no control and thieves are having a field day na bado I pity peeps who have taken loans...


I think this had to done inorder to reduce pressure on the Shilling, which economist had warned would have an negative impact on the economy if not checked. I'm no expert in Macroeconomics but i think this situation is working well for the CBK Governor, the idea was to control the money in circulation.

CBK hits borrowers hard to save shilling

"When fewer people and business borrow for fear of high interest rates on loans, the supply of Kenya Shilling drops significantly thus increasing its demand. The higher the demand for the Kenya Shilling, the stronger it gets against the US dollar........"

CBK Governor is trying his part but Jubilee must address the root causes. We all know raising interest rates will reduce economic activity, reduce revenue etc hence zero sum game. Let jubilee focus on the root causes if they want to get out of this quagmire - and there are no quick fixes.
Back to top
  |
harrydre
#24 Posted : Saturday, October 24, 2015 10:47:40 AM
Rank: Elder

Joined: 7/10/2008
Posts: 9,131
Location: Kanjo
limanika wrote:
harrydre wrote:
Of course we have a slow down in the economy. It's a bear market worldwide. However as you keep whining and complaining, foreign investors are moving massive cash and investing in this very economy. When you wake up or by the time you recover from the middle class debts most of you have, it will be too late. Smart up!


How did middle class get into this thread? The post was a genuine attempt to try get answers how we got into this mess…coz if we know how we got here we might know how to get out. If you try to kill this well intended post we can only assume you are benefiting from tenderpreneurship and the status quo …Back to topic



I am not a tenderpreneur, however my export biz is doing well...on the other hand naumia while forex trading. As I said, middle class have felt the most heat because of their lifestyle. Nothing much has changed with the poor and the very rich are busy investing now as you complain.
i.am.back!!!!
Back to top
  |
TAZ
#25 Posted : Saturday, October 24, 2015 10:53:17 AM
Rank: Elder

Joined: 11/14/2007
Posts: 4,152
Bigchick wrote:
As we are hit hard we shall begin to appreciate the dangers of some of the things happening around us.Corruption,heavy theft,excessive borrowing by government,cost of devolution,living beyond our means etc.Am sure we are getting wiser and soon natural reaction will bring forth solutions.Civil servants earning 100k may have to explain how they built blocks of flats in Eastleigh or how they bought vehicles worth 10M.

Meanwhile we have no candidate for 2017 and we need to scout for one.UK is failing and obviously RAO is not the better option.

And we also need to reduce some positions in both national and county government.


Applause Applause Applause I totally agree!

There is need for a third force, this is the time for the likes of Peter Kenneth to present themselves as the "better option" not a few months to the elections.
Back to top
  |
limanika
#26 Posted : Saturday, October 24, 2015 10:55:49 AM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
TAZ wrote:
Bigchick wrote:
As we are hit hard we shall begin to appreciate the dangers of some of the things happening around us.Corruption,heavy theft,excessive borrowing by government,cost of devolution,living beyond our means etc.Am sure we are getting wiser and soon natural reaction will bring forth solutions.Civil servants earning 100k may have to explain how they built blocks of flats in Eastleigh or how they bought vehicles worth 10M.

Meanwhile we have no candidate for 2017 and we need to scout for one.UK is failing and obviously RAO is not the better option.

And we also need to reduce some positions in both national and county government.


Applause Applause Applause I totally agree!

There is need for a third force, this is the time for the likes of Peter Kenneth to present themselves as the "better option" not a few months to the elections.

Seconded
Back to top
  |
limanika
#27 Posted : Saturday, October 24, 2015 10:59:12 AM
Rank: Veteran

Joined: 9/21/2011
Posts: 2,032
Del
Back to top
  | | Edit by user: Saturday, October 24, 2015 11:19 AM | Reason: Not specified
Taurrus
#28 Posted : Saturday, October 24, 2015 11:08:11 AM
Rank: Member

Joined: 8/25/2015
Posts: 839
Location: Kite
oho! kanu ya njenga inchi!
oho! kanu ya njenga inchi!
Kanu ah! kanu eh!


Bar zimefunguliwa?smile
Back to top
  | | Edit by user: Saturday, October 24, 2015 11:09 AM | Reason: Not specified
alma1
#29 Posted : Saturday, October 24, 2015 11:54:24 AM
Rank: Elder

Joined: 9/19/2015
Posts: 2,871
Location: hapo
Once the Jubilee apologists have stopped accusing us of being too middle class to think with loans up our asses, can they please say that what Jacob Juma Kabetes is posting is a lie.

Because those are extremely serious allegations.



Thieves are not good people. Tumeelewana?
Back to top
  |
Boris Boyka
#30 Posted : Saturday, October 24, 2015 12:04:39 PM
Rank: Veteran

Joined: 11/15/2013
Posts: 1,977
Location: Here
limanika wrote:
TAZ wrote:
Bigchick wrote:
As we are hit hard we shall begin to appreciate the dangers of some of the things happening around us.Corruption,heavy theft,excessive borrowing by government,cost of devolution,living beyond our means etc.Am sure we are getting wiser and soon natural reaction will bring forth solutions.Civil servants earning 100k may have to explain how they built blocks of flats in Eastleigh or how they bought vehicles worth 10M.

Meanwhile we have no candidate for 2017 and we need to scout for one.UK is failing and obviously RAO is not the better option.

And we also need to reduce some positions in both national and county government.


Applause Applause Applause I totally agree!

There is need for a third force, this is the time for the likes of Peter Kenneth to present themselves as the "better option" not a few months to the elections.

Seconded

@Mbig Chick Applause Applause Applause So @Limanika was waiting for a wazualet smile indio ukubali.
Everybody STEALS, a THIEF is one who's CAUGHT stealing something of LITTLE VALUE. !!!
Back to top
  |
19 Pages<12345>»
Forum Jump  
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.

Wazua Club SK Theme
Powered by YAF | YAF © 2003-2009, Yet Another Forum.NET
Copyright © 2026 Wazua.co.ke. All Rights Reserved.