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Ksh at its weakest since it floated in 1994
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itz
#621 Posted : Monday, February 06, 2012 11:12:43 PM
Rank: Member

Joined: 3/20/2009
Posts: 348
[quote=hisah]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/...0/-/ve315e/-/index.html[/quote]


CBK will not make the names public because the banks can sue the hell out of GOK.CBK knows very well the banks are not the cause of the shilling slide,they just took advantage of the situation when a profitable trade presented itself.The people kenyans should be blaming are the guyz responsible for fiscal policy(the same MPs trying to shift blame because its an election year)
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hisah
#622 Posted : Tuesday, February 07, 2012 4:52:17 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
@Itz - The idea is to get the info published that bank a,b & c were on the currency run trade (not illegal btw). Those banks get pissed, sue gok in counter action, treasury gets exposed. That way the skeletons become clearly visible. That should make for an interesting class action case and a good fight rather than this boring PSC comedy smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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youcan'tstopusnow
#623 Posted : Wednesday, February 08, 2012 8:27:08 PM
Rank: Chief

Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
Kenya shilling hits 11-month high against dollar
http://www.businessdaily...-/14ewgeqz/-/index.html
Eish! Is that the fastest ever reversal or what!
107 seems eons ago.
Sub 80?smile
GOD BLESS YOUR LIFE
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hisah
#624 Posted : Thursday, February 09, 2012 7:07:08 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
youcan'tstopusnow wrote:
Kenya shilling hits 11-month high against dollar
http://www.businessdaily...-/14ewgeqz/-/index.html
Eish! Is that the fastest ever reversal or what!
107 seems eons ago.
Sub 80?smile

I would be accumulating USD at this level i.e. at 80 & below. Then wait till Q4 2012 and sell some above 90s. Impossible many will say smile
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#625 Posted : Thursday, February 09, 2012 8:23:13 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
Stronger KES will mitigate the effects of the randy Brent in the short run.
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hisah
#626 Posted : Thursday, February 09, 2012 10:21:49 AM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
Cde Monomotapa wrote:
Stronger KES will mitigate the effects of the randy Brent in the short run.

Manipulated KES not strong KES. There is nothing fundamental to support the artificial strength.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Cde Monomotapa
#627 Posted : Thursday, February 09, 2012 10:58:59 AM
Rank: Chief

Joined: 1/13/2011
Posts: 5,964
hisah wrote:
Cde Monomotapa wrote:
Stronger KES will mitigate the effects of the randy Brent in the short run.

Manipulated KES not strong KES. There is nothing fundamental to support the artificial strength.

Whatever man. It is what it is now. A stronger KES.
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kyt
#628 Posted : Thursday, February 09, 2012 3:02:55 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
hisah, you are very negative about this shilling man why? yes i get the point of change of inflation formulae but we have to agree that at beyond 87 mark last yr, the shilling rose mainly due to speculation and panic buying
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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kyt
#629 Posted : Thursday, February 09, 2012 3:06:43 PM
Rank: Elder

Joined: 11/7/2007
Posts: 2,182
at 85 last yr, the cbk was buying dollar increasing its demand now it is not it should at least be a good run, @hisah, for now.
LOVE WHAT YOU DO, DO WHAT YOU LOVE.
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hisah
#630 Posted : Thursday, February 09, 2012 8:10:35 PM
Rank: Chief

Joined: 8/4/2010
Posts: 8,977
There's reality and there's negativity. The reality is CBK devalued the currency. Let the market price the devaluation. What is wrong with that? No CB has been able to fight the market and won. They just delay the eventual outcome.

Negativity - yes, I'm pissed off with CBK murky work. They were to hike rates a long time ago only to do so when the boat had taken enough water. I'm not in KE, but I could see the USD going to 90 back in March 2011. You should be mad at how your purchasing power has been eroded.

I want KE to be successful economical model and the envy of Africa and I can't stand bogus treasury gimmicks. What more can anyone else want...
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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