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Ksh at its weakest since it floated in 1994
Rank: Chief Joined: 8/4/2010 Posts: 8,977
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mwekez@ji wrote:mwekez@ji wrote:hisah wrote:At 82s and below, the USD is cheap. I'll be pushing dollars to KE and sell them later in the year above 90s. http://bit.ly/zxqW4T . The BD guys are crap. Latest data shows CBK Official Foreign Exchange Reserves increased by USD 150M in the period from 03-Feb-12 to 10-Feb-12. The reserves now stand at $4,025M which is more than the $4,002M held on 31-Dec-11. http://www.centralbank.go.ke/do...etin/2012/Feb/100211.pdf That aside, I also don’t see a strong shilling in the coming days. The market will certainly win over the CBK fx manipulations. A quick question @hisah, aint the 10% capital gain a low target for a duration of 1 year 90s means 90 - 99. CBK can fight all they want 
BD is always an 'accurate' biz paper worth 5/- minus the extra zero. Does it sell on the streets with all the glitches...$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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Comedy central still continues... http://www.nation.co.ke/...0/-/gjq2jhz/-/index.html$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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Fuel prices slashed by ERC. Petrol sees only a 63cts cut, diesel & kerosene see better reductions. Cuts based on stable KES  http://www.businessdaily...2gil/-/ERC+statement.pdf$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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[quote=hisah]Comedy central still continues... http://www.nation.co.ke/.../-/gjq2jhz/-/index.html[/quote] YAWN 
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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WTF are guys smoking? Mara PSC holds a farce of an investigation on the KES currency run which concludes that CBK boss should be sacked. Now BD has an article that about AfDB stating that Mpesa caused inflation!? What nonsense! Does Mpesa print money to affect money supply... http://www.businessdaily...38/-/tjjsm9/-/index.html$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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CBK still has a tough task to deal with a sticky inflation period. So fuel prices slightly down since Dec 2011, but global oil prices have been up since late Jan 2012. KPLC has notified on increasing fuel cost on power bills as thermal power makes a comeback (I thot it rained oceans as per news reports). Greece's imminent default means an expensive USD period (global liquidity crunch). CBK can't print rain nor oil nor dollars. Very anxious times this... http://www.nation.co.ke/.../-/15tlenxz/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/25/2009 Posts: 4,534 Location: Windhoek/Nairobbery
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Hehehe unbelievable those MPs, the Prof to be sacked...woow @Cde you must be mad!!!
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Rank: Member Joined: 3/20/2009 Posts: 348
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those mpigs are a joke making the good ol governor a scapegoat
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Rank: Veteran Joined: 4/30/2010 Posts: 1,635
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Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
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[quote=hisah]WTF are guys smoking? Mara PSC holds a farce of an investigation on the KES currency run which concludes that CBK boss should be sacked. Now BD has an article that about AfDB stating that Mpesa caused inflation!? What nonsense! Does Mpesa print money to affect money supply... http://www.businessdaily...8/-/tjjsm9/-/index.html[/quote] take home message 1. start to short kes 2. pick up as much kes duration as you can 3. buy stocks 4. pick up some commodities(agricultural)...hisah? maoni?
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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@kizee - shorting KES with CBR at double digits will be tough biz. But the moment CBK is pressed to lower it (they have to print money esp political influence) with inflation still at double digits, shorting KES resumes pronto due to the rates mismatch... For now it is still murky trying to figure out which way to play. I'm waiting for the so called $600M loan boost to see the market effect. Internationally, the global oil price spike and a likely Greece default are creating a lot of fog to forecast a medium term outlook - this two events happening together will just crash the markets. $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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And here comes the new inflation model... When CBK does a CBR rate shock reduction, just grab stocks esp blue chips since the t-bill game will have been declared dead. http://www.businessdaily...08/-/whfnh1/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 1/21/2010 Posts: 6,675 Location: Nairobi
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A scathing report against parliamenterians which I totally agree with.. www.businessdailyafrica....0/-/bi7512z/-/index.htmlAlthough I believe Ndungu shouldnt have interfered in forex, I do not think he should step down based on these MPs reports. Mark 12:29
Deuteronomy 4:16
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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the deal wrote:Hehehe unbelievable those MPs, the Prof to be sacked...woow @Cde you must be mad!!! There is a legal provision of "security of tenure" for the Governor. 2ndly, a recc.can't move the President to any specific action. Thus, the mortals can stay entertained by the politicians (their intention anyway)
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Can't U see how these politicians waste ur time? 1st Pyramid schemes, recently Syokimau. Simply, it is not Govt.policy to compensate victims of shady deals..suckers. SMH
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Even the oldest of books, The Good Book is clear that "Ignorance is death."
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Cde Monomotapa wrote:Even the oldest of books, The Good Book is clear that "Ignorance is death." BD is clever enough to print what you'd like to hear & not what you ought know (that's boring-won't sell). That's how they'll always be a few truly rich folks coz they'll always be a large mass of ignoramus pigs to slaughter.
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Rank: Chief Joined: 1/13/2011 Posts: 5,964
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Brent crude is ticking up now. Let me see the 1st idiot here to blame that on either CBK or ERC.
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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Cde Monomotapa wrote:Brent crude is ticking up now. Let me see the 1st idiot here to blame that on either CBK or ERC. We will form a local tribunal or take cbk, erc & opec to the hague... The circus  $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Veteran Joined: 9/4/2009 Posts: 700 Location: Nairobi
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[quote=hisah]And here comes the new inflation model... When CBK does a CBR rate shock reduction, just grab stocks esp blue chips since the t-bill game will have been declared dead. http://www.businessdaily...8/-/whfnh1/-/index.html[/quote] My goodness What are they thinking? Anyone read Edwin Nyanducha interesting comments on the shilling? “We are the middle children of history man, no purpose or place. We have no great war, no great depression. Our great war is a spiritual war, our great depression is our lives!" – Tyler Durden
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Ksh at its weakest since it floated in 1994
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