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Ksh at its weakest since it floated in 1994
'user'
#441 Posted : Friday, October 14, 2011 9:43:56 AM
Rank: Veteran

Joined: 12/3/2010
Posts: 1,141
Location: Londokwe
Mainat wrote:
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.


IMF should say no to Kenya until Kenya cleans its house.
Why didnt Ndungu name the 5 banks he claimed were hoarding the dollar.
Shilling problem has something to do with the coming erection.
The politicians are currently busy stealing to fund their reelection and technocrats busy stealing to accumulate a nest just incase they lose their jobs next year as the monkeys change positions in the same forest.
Increasing the bank rates , cutting public spending(ie sacking common mwananchis while mpigs continue to earn tax free millions) will only increase the suffering .But I dont pity us Kenyans , Lets continue suffering until we get it right at the ballot box.Shauri yetu



2012 is here.Kenya is Ours.Be Part of The Peace Keeping Mission To Protect Our Motherland.Say No To Violence and Tribal Hatred .If you can read this,wewe ni mtu amesoma, usifikirie kama mtu hajaenda shule .Ni Hayo Tu
kizee1
#442 Posted : Friday, October 14, 2011 3:54:19 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
why is no one calling ndungu out for hoarding dollars? infact in his case the usd's are held in public trust! such BS...this guy and uhuru are the worst team to have in office during these tricky times...janas meeting has led to some draconian decrees that have taken our financial markets back to the 40s! and we want to be a financial markets hub-KEKE!
KulaRaha
#443 Posted : Friday, October 14, 2011 4:02:35 PM
Rank: Elder

Joined: 7/26/2007
Posts: 6,514
Ndungu's been selling all day today, we're at 99.50 levels. Finally he using those "reserves" for what they're meant to be used for!
Business opportunities are like buses,there's always another one coming
kizee1
#444 Posted : Friday, October 14, 2011 4:33:07 PM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
KulaRaha wrote:
Ndungu's been selling all day today, we're at 99.50 levels. Finally he using those "reserves" for what they're meant to be used for!



how much did he sell? if he sold 2mio i wud be surprised
Mainat
#445 Posted : Friday, October 14, 2011 4:33:47 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
CBK selling, not banks as well?
Sehemu ndio nyumba
the deal
#446 Posted : Friday, October 14, 2011 6:06:09 PM
Rank: Elder

Joined: 9/25/2009
Posts: 4,534
Location: Windhoek/Nairobbery
After flooding $$$'s into the market address the economical fundamentals otherwise the Shilling will come push for 200 in the coming months!
hisah
#447 Posted : Friday, October 14, 2011 6:20:17 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
the deal wrote:
After flooding $$$'s into the market address the economical fundamentals otherwise the Shilling will come push for 200 in the coming months!

That is my fear as I keep on seeing a major tailspin... This is not going to be funny when it hits the fan...

Meanwhile the T-bill rates keep up the upward pressure - http://www.centralbank.g...lts%201921%20-%2091.pdf
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
keke2
#448 Posted : Friday, October 14, 2011 6:46:30 PM
Rank: New-farer

Joined: 5/31/2011
Posts: 89
kizee1 wrote:
why is no one calling ndungu out for hoarding dollars? infact in his case the usd's are held in public trust! such BS...this guy and uhuru are the worst team to have in office during these tricky times...janas meeting has led to some draconian decrees that have taken our financial markets back to the 40s! and we want to be a financial markets hub-KEKE!



Sad Kizee, I am here,don't shout!Laughing out loudly Laughing out loudly Laughing out loudly
Cde Monomotapa
#449 Posted : Friday, October 14, 2011 7:50:16 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
For those asking for the 5 banks be revealed. My question is and then what? Will it add them a plate of Ugali?
Cde Monomotapa
#450 Posted : Friday, October 14, 2011 7:52:34 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
The 1st order of business the on-going rains in the EAC. Food, Water & Hydro are the 1st fundamentals currently being addressed.
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