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Ksh at its weakest since it floated in 1994
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hisah
#611 Posted : Wednesday, February 01, 2012 5:01:51 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
CBK CBR retained at 18%.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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kyt
#612 Posted : Wednesday, February 01, 2012 8:21:48 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
hisah, when u say that this strengthing is a mirage what do you mean? what fundamentals made the shilling move from 85 to 106? why are you not seeing it as a correction from those high levels to its true value?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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kyt
#613 Posted : Wednesday, February 01, 2012 8:28:47 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
hisah, or do you by any chance want/favour a weaker shilling?
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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hisah
#614 Posted : Wednesday, February 01, 2012 9:53:09 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kyt wrote:
hisah, when u say that this strengthing is a mirage what do you mean? what fundamentals made the shilling move from 85 to 106? why are you not seeing it as a correction from those high levels to its true value?

Rate of inflation and the fudging/cooking of its model using hedonics back in Feb 2010 and Le Prof's inkjet money printing spree of 2009 & 2010.
(Btw there is a long thread by @scubidu about the same under the economy section - read it).

KES was devalued by that printing press & the inflation manipulation was used to mask the effects. All was well until those 2 bloody droughts (2009 & 2011) popped up & oil/food global prices spiked due to bernanke bucks (USD) flood of Aug 2010 - QE2.0

Did you notice the number of developing nations that were nailed by serious inflation last yr and are still smarting from its effects? Do you know the number of nations that all over sudden changed their inflation model to read downwards after the 2009 global GFC bailout (QE 1.0) as the USD floodgates were opened in earnest?

$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Wednesday, February 01, 2012 9:54 PM | Reason: Not specified
kyt
#615 Posted : Thursday, February 02, 2012 8:20:48 AM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
the cbk has been in the market buying shillings in the repo arrangments, the rains were at least better so the drought will not be felt much. I Choose to be +ve.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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hisah
#616 Posted : Thursday, February 02, 2012 8:30:55 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
kyt wrote:
the cbk has been in the market buying shillings in the repo arrangments, the rains were at least better so the drought will not be felt much. I Choose to be +ve.

The law of one. Read about it smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#617 Posted : Sunday, February 05, 2012 10:00:41 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
http://www.businessdaily.../-/12k61gi/-/index.html

http://www.businessdaily.../-/12y2hgpz/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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  | | Edit by user: Sunday, February 05, 2012 10:09 PM | Reason: Not specified
hisah
#618 Posted : Monday, February 06, 2012 8:35:42 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
When is this KES comedy central ending d'oh! Sick

http://www.nation.co.ke/...24/-/fh0miu/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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hisah
#619 Posted : Monday, February 06, 2012 10:28:49 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
And more circus. KE citizens should be mad. Cant someone just walk into court and file a request to force cbk to make this info public. If the US Fed was forced to spill the 2008 bailout info against enormous odds, then the same should work fine with a new judiciary ready to prove a 'point'. Or am I in lala land... Think

http://www.nation.co.ke/...40/-/ve315e/-/index.html
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Mainat
#620 Posted : Monday, February 06, 2012 11:04:56 PM
Rank: Veteran

Joined: 11/21/2006
Posts: 1,590
Hisah-I think there might a "security/confidentiality/any geddamn reason" legal nicety that will crop up
Sehemu ndio nyumba
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