Wazua
»
Investor
»
Economy
»
What a joke? 5.6% growth
Rank: Elder Joined: 4/9/2008 Posts: 2,824
|
Can that be true??? http://www.capitalfm.co.ke/news...ercent-growth-12821.htmlWhen I have money, I get rid of it quickly, lest it find a way into my heart.
|
|
|
Rank: Member Joined: 9/29/2010 Posts: 679 Location: nairobi
|
|
|
|
Rank: Elder Joined: 2/27/2007 Posts: 2,768
|
@ kingfisher this is no jokes...as long as the fuel prices continue rising...and shortly the cost of electricity will go up...by the end of the year we might find ourselves at 4.0% growth...brace yourself broda!!!!! ...besides, the presence of a safe alone does not signify that there is money inside...
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
Kenyans..always allergic to good news.
|
|
|
Rank: Elder Joined: 4/9/2008 Posts: 2,824
|
kizee1 wrote:it is..wheres the joke? Then I must have been sleeping, i mean i am supposed to have "grown" also by at least 5.6% but i cant see anything!! Kwani where was it growing?? When I have money, I get rid of it quickly, lest it find a way into my heart.
|
|
|
Rank: Elder Joined: 7/22/2009 Posts: 7,452
|
kingfisher wrote:kizee1 wrote:it is..wheres the joke? Then I must have been sleeping, i mean i am supposed to have "grown" also by at least 5.6% but i cant see anything!! Kwani where was it growing?? You grew by 5.6% but your expenses grew by 30%. Do the math. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
|
|
|
Rank: Hello Joined: 3/31/2011 Posts: 4 Location: Mogadishu
|
Last year was certainly better than 2011 and the economy is not yet shrinking. Statistics will show some growth at the end, probably 3.0 percent. A stagnant or shrinking economy feels much worse.
|
|
|
Rank: Member Joined: 6/7/2008 Posts: 95 Location: Embu
|
there is growth, a few more kms and fly - overs have been built on Thika road!!  ;-)
|
|
|
Rank: Elder Joined: 4/9/2008 Posts: 2,824
|
MaichBlack wrote:kingfisher wrote:kizee1 wrote:it is..wheres the joke? Then I must have been sleeping, i mean i am supposed to have "grown" also by at least 5.6% but i cant see anything!! Kwani where was it growing?? You grew by 5.6% but your expenses grew by 30%. Do the math. @Mblack... If what u just said is true then shit happened. I should never let that happen again. When I have money, I get rid of it quickly, lest it find a way into my heart.
|
|
|
Rank: Elder Joined: 6/27/2008 Posts: 4,114
|
kingfisher wrote:kizee1 wrote:it is..wheres the joke? Then I must have been sleeping, i mean i am supposed to have "grown" also by at least 5.6% but i cant see anything!! Kwani where was it growing?? Typical of Kenyans; refusing to accept the truth! When the stats say that growth was an average of 5.6%, it means that some grew faster and others slower... indeed some retrogressed! I guess you were in that last category!!! Just look at the company results and see how their revenues improved from 2009 to 2010. That should tell you something. Nothing is real unless it can be named; nothing has value unless it can be sold; money is worthless unless you spend it.
|
|
|
Rank: Member Joined: 12/2/2009 Posts: 286 Location: Nairobi
|
In biological terms, growth is an increase is size and weight. In economic terms, growth is an increase as measured by any of a number of indicators, such as GDP. Not simply by isolating each individuals experience. Even in a stagnant economy, some individuals experience growth. The laudable is more often than not rendered laughable by overclaim
|
|
|
Rank: Elder Joined: 11/7/2007 Posts: 2,182
|
Kaigangio wrote:@ kingfisher
this is no jokes...as long as the fuel prices continue rising...and shortly the cost of electricity will go up...by the end of the year we might find ourselves at 4.0% growth...brace yourself broda!!!!! tru dat though times ahead LOVE WHAT YOU DO, DO WHAT YOU LOVE.
|
|
|
Rank: Veteran Joined: 5/24/2010 Posts: 846 Location: KENYA
|
5.6%...largely due to unhealthy politics that scare away everyone including ourselves.How many of you will be fully invested in the NSE just before elections? You see, politics hurt all of us reeeaaal bad!!
For an economy to grow we also need to boost our manufacturing industries. We import EVERYTHING even key rings!!!! Fudge!!
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
I don't see the politics this time being a risk. The politics of the new constituition will be different & less noisy due to the devolution of power. The winner takes all days r over IMHO. I remember by this time in 07 I was already planning my trip to Ukambani (Macha & Kitui) after voting. That was one smart decision. Me n my famo had a tear gas, food shortage, gun shots free Xmas & New year. Please note I am not a Kamba (nor GEMA) but I knew that would be the best possible safe haven. Bulk cash in the car and we were fine. Fuel shortage became n issue later but we made it back to a calmer city -mass action was manageable. In case things go OTW next year..will await results from Namanga. Kukiharibika, Arusha mwisho!
|
|
|
Rank: Hello Joined: 5/20/2011 Posts: 1 Location: Hermitage
|
It was because of wholesellers and Retailers....What products are they selling?
|
|
|
Rank: Elder Joined: 4/9/2008 Posts: 2,824
|
JerryDavid wrote:It was because of wholesellers and Retailers....What products are they selling? Everything from everywhere but kenya. ok, from kenya very little. think i should become a small industrialist, halafu niende county. Lake Turkana Toilet soap, Mt. Elgon vegetable cooking oil, Meru Larger (hapo iko pesa), Bunyore Kipand Soap... thats the way forward and this 5.6 will not escape my nets again. When I have money, I get rid of it quickly, lest it find a way into my heart.
|
|
|
Rank: Member Joined: 12/15/2010 Posts: 162
|
In 2010, NSE grew by 36%. Our @stocksmaster grew by 110%. Honestly, if you were in NSE last year and you did not grow, then you need to find other places to put your money
|
|
|
Rank: Chief Joined: 1/13/2011 Posts: 5,964
|
invest0r wrote:In 2010, NSE grew by 36%. Our @stocksmaster grew by 110%. Honestly, if you were in NSE last year and you did not grow, then you need to find other places to put your money
|
|
|
Rank: Veteran Joined: 12/9/2010 Posts: 894 Location: Nairobi
|
invest0r wrote:In 2010, NSE grew by 36%. Our @stocksmaster grew by 110%. Honestly, if you were in NSE last year and you did not grow, then you need to find other places to put your money it all depends on individual trading techeniques. some even grew negative, or where do you suppose the profits stockmaster had came from. the greater fool theory was in play. Don't wait for the Last Judgment. It happens every day. ~Albert Camus, The Fall, 1956
|
|
|
Rank: Member Joined: 12/15/2010 Posts: 162
|
Tommy wrote:invest0r wrote:In 2010, NSE grew by 36%. Our @stocksmaster grew by 110%. Honestly, if you were in NSE last year and you did not grow, then you need to find other places to put your money it all depends on individual trading techeniques. some even grew negative, or where do you suppose the profits stockmaster had came from. the greater fool theory was in play. In a bullish market like 2010, even the armatures could be ride the wave and make money. They could buy stocks at high price, hold kidogo, then sell at higher price. If one did not make money in 2010, then they must have had a very bitter experience in 2008 and 2009 when the market contracted by 35% and 8% respectively
|
|
|
Wazua
»
Investor
»
Economy
»
What a joke? 5.6% growth
Forum Jump
You cannot post new topics in this forum.
You cannot reply to topics in this forum.
You cannot delete your posts in this forum.
You cannot edit your posts in this forum.
You cannot create polls in this forum.
You cannot vote in polls in this forum.
|