Rank: Elder Joined: 7/11/2010 Posts: 5,040
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hisah wrote:Aguytrying wrote:hisah wrote:At this point I apply a wait and see approach. I don't like the monkey business going on at CMA, the KES weakness and the eurobond cloudiness... http://bit.ly/1htNU8I - CMA drama as per Substandard. the bearishness is palpable now. highlighted by akina kplc, kengen, Kenya re. the weaklings go down fast. and the cma and Eurobond make it a poisonous chalice. let's see. Not forgetting TPS. I'm questioning the 2015 upside for KE. The econ looks headed for a slump eurobond or not. Job cuts, defensive industrials, food security, NPLs bulging in bank books, tourism slump, devolution confusion with governors on endless impeachment hit list.
From this outlook the bad shaving will arise as the stark reality hits around Q4 2014 spilling over into 2015.
What will the banks do? Hiking lending rates risks bad debts atomic blow up scenario. How will they soak in those NPLs with shrinking income? Sustained industrial slump leads to deflation. This cocktail, the treasury will not find pleasant esp if some financial firms fall into distress needing a bailout.
My views are extreme, but what stops them from arising? TPS is really taking it to the chin. the half year results will tell the story. the clouds are certainly gathering, speculators stand warned The investor's chief problem - and even his worst enemy - is likely to be himself
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