No good news on the horizon

Mwalimu-G

Mwalimu-G

Elder Lister
Kenya is facing:

An economic balance sheet that is going to see taxes increase further, solvency constraints, real growth exaggerated projections, debt sustainability measures done secretly, No jobs, High interest rates, High cost of goods, declining wages, high cost of production, high cost of Energy,and massaged inflation rates.
 
Denis Young

Denis Young

Elder Lister
Mwalimu-G said:
Kenya is facing:

An economic balance sheet that is going to see taxes increase further, solvency constraints, real growth exaggerated projections, debt sustainability measures done secretly, No jobs, High interest rates, High cost of goods, declining wages, high cost of production, high cost of Energy,and massaged inflation rates.
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Copy pasting wanjigi? Didn't I advice you to seek out professionals.
 
Denis Young

Denis Young

Elder Lister
wrongturn said:
Tupatie Hao professionals bloggers tuone different perspectives.

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It is easy to call for a debt default without an idea of the repercussions of it. Every country that has defaulted has had their economy slow down, inflation sky rocket, and currency devalue.

All for what? To sit down with the big, bad IMF to negotiate relief just like Kenya has without defaulting? On top of which, they will have to fulfill certain IMF conditions like a floating currency, resouce mobilization (read taxes), which will 2X the problems caused by defaulting in the first place.

I swear, some of you it is like you don't even seek to inform yourselves. You are just happy to post an opinion tweet from some random as if it is the holy grail. Look at Ethiopia, Ghana, Zambia. Keep an eye on Tanzania. They can't pretend for too long.
 
shocks

shocks

Elder Lister
Denis Young said:
It is easy to call for a debt default without an idea of the repercussions of it. Every country that has defaulted has had their economy slow down, inflation sky rocket, and currency devalue.

All for what? To sit down with the big, bad IMF to negotiate relief just like Kenya has without defaulting? On top of which, they will have to fulfill certain IMF conditions like a floating currency, resouce mobilization (read taxes), which will 2X the problems caused by defaulting in the first place.

I swear, some of you it is like you don't even seek to inform yourselves. You are just happy to post an opinion tweet from some random as if it is the holy grail. Look at Ethiopia, Ghana, Zambia. Keep an eye on Tanzania. They can't pretend for too long.
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Agreed, default is not an option, kwanza local debt default means you will get a haircut on bank savings, longterm insurance and pension benefits . People have a right to talk ushenzi, but we also have a right not to listen
 
Denis Young

Denis Young

Elder Lister
shocks said:
Agreed, default is not an option, kwanza local debt default means you will get a haircut on bank savings, longterm insurance and pension benefits . People have a right to talk ushenzi, but we also have a right not to listen
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Forgot to mention that. Funny enough, people assume defaulting means we don't have to pay. What it actually means, you will have to pay even more. Nobody will give you money (except IMF on condition). You have to slash budget. So forget pensions, free education, helb etc, at the very least for a decade minimum.
 
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