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Ksh at its weakest since it floated in 1994
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hisah
#501 Posted : Wednesday, November 23, 2011 9:30:09 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@youcant - siringi got to break below 90 yesterday as per expectations, but NSE is still limping...

A long thread about siringi's heroics ran all day yesterday, but still nothing is fixed! @vvs/kizee/scubidu/mainat will like what Linus thinks - http://www.nation.co.ke/...ndex.html#commentsAnchor
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#502 Posted : Wednesday, November 23, 2011 10:06:52 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
At an overnight yield of 33pct the KES can do whatever it wants
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hisah
#503 Posted : Thursday, December 01, 2011 11:40:20 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977


@kizee - siringi almost meeting H&S objective of 88 then 85. But at some point the econ will dearly pay for this market intervention aka manipulation.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kizee1
#504 Posted : Thursday, December 01, 2011 11:46:52 AM
Rank: Member

Joined: 9/29/2010
Posts: 679
Location: nairobi
hisah wrote:


@kizee - siringi almost meeting H&S objective of 88 then 85. But at some point the econ will dearly pay for this market intervention aka manipulation.


a crush already looking inevitable, next year will be rough, gues thats why Uk is doin a eurobond, if they monetize next year to revamp things then they will face stagflationary issues rite? why cant GoK just balance the books? how hard is it to do this?
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hisah
#505 Posted : Thursday, December 01, 2011 12:30:43 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@kizee - the real question is why aren't they balancing the books... Now that euroland is smoking so badly that the Fed bank cut USD swap rates yesterday (veiled QE) in cohorts with other 5 major CBs, why would anyone want to float a eurobond with the underlying financial distress. A Eurobond will end up costing the gok sizable interest rate payments. Not a smart move by any means. The sad part is the tape points to KE econ biting a mini recession or worse stagflation.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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RVP
#506 Posted : Friday, December 16, 2011 1:52:58 PM
Rank: New-farer

Joined: 5/3/2010
Posts: 69
Now at 83.35. This is now overkill. Laughing out loudly
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Sufficiently Philanga....thropic
#507 Posted : Friday, December 16, 2011 2:18:16 PM
Rank: Elder

Joined: 9/23/2010
Posts: 2,225
Location: Sundowner,Amboseli
Great!But expecting our manufaturers i.e Mumias et al to reduce prices and thus bring down inflation is another story altogether.
Not when we have cartels!
@SufficientlyP
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FUNKY
#508 Posted : Friday, December 16, 2011 2:35:29 PM
Rank: Veteran

Joined: 4/30/2010
Posts: 1,635
Prices will come down in a couple of months. It's obvious the prices of goods will not come down the same day as the dollar drops.
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Cde Monomotapa
#509 Posted : Friday, December 16, 2011 4:17:22 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
@kizee - the real question is why aren't they balancing the books... Now that euroland is smoking so badly that the Fed bank cut USD swap rates yesterday (veiled QE) in cohorts with other 5 major CBs, why would anyone want to float a eurobond with the underlying financial distress. A Eurobond will end up costing the gok sizable interest rate payments. Not a smart move by any means. The sad part is the tape points to KE econ biting a mini recession or worse stagflation.

Uko nyuma men...GoK is getting $600M from foreign private banks in place of Euro bond @Libor "plus a few points" - PS Kinyua.
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Cde Monomotapa
#510 Posted : Friday, December 16, 2011 4:19:14 PM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Cde Monomotapa wrote:
hisah wrote:
@kizee - the real question is why aren't they balancing the books... Now that euroland is smoking so badly that the Fed bank cut USD swap rates yesterday (veiled QE) in cohorts with other 5 major CBs, why would anyone want to float a eurobond with the underlying financial distress. A Eurobond will end up costing the gok sizable interest rate payments. Not a smart move by any means. The sad part is the tape points to KE econ biting a mini recession or worse stagflation.

Uko nyuma men...GoK is getting $600M from foreign private banks in place of Euro bond @Libor "plus a few points" - PS Kinyua.

And this is also part of what's contributing to KES gaining like a stock.
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