Field Marshal
Elder Lister
He's right you know?
No Reprieve Soon
- Thread starter mzeiya
- Start date
Aviator
Elder Lister
Absolutely
No sooner had I. This is CBK reopening bonds. Look at those rates! Yet the bonds are under subscribed. @The.Black.Templar I told you global recession will have an impact on Kenya you denied it.
bigDog
Elder Lister
@Okiya , you are mboss! This beats building a pigsty at the hacienda. Do you copy you dry bones @Guuka wa Wingroad? Na wewe pia sumbua @Wa matawa. That's the gospel from the Idiot who is neither big nor a dog 
Na bado. The next fed meeting is on November 2nd. They will raise interest again. In December fed will also meet and they will raise the interest again.By the end of 2022 the interest rate could be 4.25%. Institutional investors will go to US@Okiya , you are mboss! This beats building a pigsty at the hacienda. Do you copy you dry bones @Guuka wa Wingroad? Na wewe pia sumbua @Wa matawa. That's the gospel from the Idiot who is neither big nor a dog
bigDog
Elder Lister
Makhalanganga
Elder Lister
You are very right but you forgot to mention that over the last 10 years, tulijiingiza in a very tight spot literally leaving our anuses exposed. Sasa kichwa na mabega imekwama huko mbele but matako iko wazi huku nje. Watatufanya vibaya sana hao watu bila utelezi wowote. Ama what do you understand by lender of last resort?
That aside, methinks the govt should accept IMF/World Bank terms waache banks ziteseke kidogo zirudi hawking loans kwa streets. They have the potential of jump starting out stalled economy. Either that ama tuendelee kutombwa na chinaman. Entrepreneurs tunaumia sana after being crowded out by the govt over the last 8 or so years.
For you and me we're better off investing in Kenya.Institutional investors with millions of dollars are the ones who will go to US. UK also increased the interest rates yesterday. The effect of that?
-Shilling depreciates v dollar
-Local bonds attracting higher rates
-Falling remittances
-Surging yields on eurobonds hence Kenya will not afford to borrow from international market.
- The only option for Kenya to borrow is IMF or expensive commercial bank loans
- Investors selling off at the NSE
If we were a net exporter the shocks wouldn't be severe
That's exactly where we are. Right now we have no choice other than IMF. There's nobody left in the market who we can borrow from. The other option is for Kenya to halt development expenditure and massively cut on recurrent expenditure. But that has political consequences.
Mimi mkulima mdogo. My target is just NSE and CBK securities. They will become lucrative hivi karibuni
I said Kenyans are resilient people it will not have an effect on majority of Kenyans, just a few middle class citizens
Did inflation have an effect on Kenyans? Or just a few middle class citizens?
Wasn't the discussion about recession? I have never spoken about inflation buddy
But the recession is being caused by high inflation. Thought you knew
You were just talking about a global recession, are you saying that we have a global inflation?
Thought it's obvious why the fed and other central banks are increasing the interest rates. Or you don't know?
if that is the case, we will be OK since the whole world is in on it, Kenyans are more resilient when it comes to global issues. I thought it was a situation unique to Kenya.
Field Marshal
Elder Lister
Madam, naona kama mboch aliniambukiza kaswende. Nikikojoa naona moshi. Please advise. Thanks and God bless..
Ubongo
Elder Lister
Honeymoon is over...the more reasons he wants to appease so many hangers on with CAS positions....so don't count on recurrent expenditure.
We are in a difficult situation.