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Ksh at its weakest since it floated in 1994

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Much Know		#431 Posted : Wednesday, October 12, 2011 11:17:50 AM
Rank: Elder Joined: 12/6/2008 Posts: 3,579		Don't forget to blame the havoc wrecked on telcos by the indians, many thought it was a simple issue of "cheap calls", "what we save on calls we will spend on sugar, fuel and buy more dollars" but the service sector(led by rapid telcoms expansion) was contributing 62% to GDP na sasa ni bure. Ras Kienyeji Man
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Mainat		#432 Posted : Wednesday, October 12, 2011 6:43:55 PM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		Coordinated sale of $s within the EAC. Still fuffing about. We need to cut back on bs like this http://www.nation.co.ke/News/po...4/-/bn1h1az/-/index.html. Ksh380m? Some mafaka who ain’t paying no tax just having a laugh at the expense of tax paying Kenyans. Sehemu ndio nyumba
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KulaRaha		#433 Posted : Wednesday, October 12, 2011 6:57:40 PM
Rank: Elder Joined: 7/26/2007 Posts: 6,514		Mainat wrote: Coordinated sale of $s within the EAC. Still fuffing about. We need to cut back on bs like thishttp://www.nation.co.ke/News/politics/Kenya+VP+Sh380m+home+nears+completion/-/1064/1254304/-/bn1h1az/-/index.html. Ksh380m? Some mafaka who ain’t paying no tax just having a laugh at the expense of tax paying Kenyans. Now you're getting to the bottom of the problem. This economy has overtaken it's stupid corrupt leaders. We all want stability, yet we vote for our tribal kings every time. You cant eat you cake and have it! Business opportunities are like buses,there's always another one coming
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Cde Monomotapa		#434 Posted : Wednesday, October 12, 2011 7:08:22 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		Wacheni kulalamika and u own cement & energy stocks
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Cde Monomotapa		#435 Posted : Wednesday, October 12, 2011 7:12:32 PM
Rank: Chief Joined: 1/13/2011 Posts: 5,964		In other constructive matters..this is what our EAC central planners were having tea over today. http://www.centralbank.g...0OCTOBER%2012%202011.pdf
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mwekez@ji		#436 Posted : Thursday, October 13, 2011 7:17:09 PM
Rank: Chief Joined: 5/31/2011 Posts: 5,121		Sufficiently Philanga....thropic wrote: hisah wrote: Yield curve... T-bill 91 day weekly... The signal was flagged on auction #1903 - that was the rate money lenders to gok wanted the interest rates as inflation rate went above the cbk limit of 5%... http://www.centralbank.g...ills/WeeklyBills91.aspx So will we see T-Bill 91 day interest rate break above 20%... Look at 2000, 1999, 1998, 1997, 1996, 1995 and the holy grail year 1993 when the rate spiked to 72.09%... Latest T-Bill 91 day auction interest rate was 14.83%. And investors are expected to put money in stocks or worse a bank savings account which as per cbk stats pays 1.37% interest (Aug 2011) and a deposit rate is 4.07% (Aug 2011). At this rate, just borrow from your saccos and buy those T-bills. They'll pay for your loans... Money goggles... Good one! But it had better be a 1 year loan and not more! It was done in the 90s! Are SACCOS already lending at lower interest rates than the t-bill rate?
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VituVingiSana		#437 Posted : Thursday, October 13, 2011 10:35:04 PM
Rank: Chief Joined: 1/3/2007 Posts: 18,354 Location: Nairobi		Much Know wrote: Don't forget to blame the havoc wrecked on telcos by the indians, many thought it was a simple issue of "cheap calls", "what we save on calls we will spend on sugar, fuel and buy more dollars" but the service sector(led by rapid telcoms expansion) was contributing 62% to GDP na sasa ni bure. What a load on unadulterated bullcrap! Economics 101. Cash saved on 'phonecalls' is used elsewhere (including buying more data bundles)... Just coz safcom was raping us on voice calls does not mean more cash would have been available to 'save' us! I think wazua should run an IQ test before they admit some folks! Greedy when others are fearful. Very fearful when others are greedy - *to paraphrase Warren Buffett*
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jerry		#438 Posted : Thursday, October 13, 2011 10:44:51 PM
Rank: Elder Joined: 9/29/2006 Posts: 2,570		@vvs. "Much know"=Mjuaji ama Mjua. The opposite of courage is not cowardice, it's conformity.
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hisah		#439 Posted : Friday, October 14, 2011 6:31:54 AM
Rank: Chief Joined: 8/4/2010 Posts: 8,977		And the circus continues... http://www.nation.co.ke/.../-/67c8qvz/-/index.html When Le prof says they never saw this coming after printing KES out of nothing to stimulate the econ in 2009/2010, that is bs esp on the devaluation effect. To also admit naivety on the current global shock is also bs. Central planners check for both internal & external effects while planning. Euroland debt issues started in Dec 2009 & in May 2010 the 1st shock came. Again May 2011 the shock hit harder. Le prof is now promising lull & calm 6 months out, the same way he stated in april that the inflation spike is a blip... Anyway, nothing to see here, let us continue to pretend all is well. TGIF... $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat		#440 Posted : Friday, October 14, 2011 8:47:17 AM
Rank: Veteran Joined: 11/21/2006 Posts: 1,590		Listening to this http://bit.ly/oTfhCg, its fairly obvious that Ksh problem is that our FinMin is AFC (absolutely clueless) which is a joke at this time. What does he mean there will be spending cuts-should he be announcing about now; What does he mean by demand pressure from market players-is he talking about manipulation? So the solution is to borrow more from IMF? After 3 months of relentless downward slide. Sehemu ndio nyumba
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Wazua » Investor » Economy » Ksh at its weakest since it floated in 1994

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