Tbills (182 & 364 day) reversing the 5 month downtrend... The inverted yield curve period is refusing to go away...
So NSE up and tbill yields looking to go up as well as KES gaining strength. Eh, someone is lying big time. Guess who?
Anyway I hope the EURKES keeps tanking. Now at 105 & looking lower. Exports to euroland getting crimped by strong KES. What will that do to the BoP? I'm liking the confusion on imports vs exports. Another round of smashing the KES is in horizon as the econ bleeds. KES is supposed to be weak as per fundies, but money lords force it to be strong...
www.businessdailyafrica....2/-/aj8sy4z/-/index.html$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!