The recession is coming

Ole Waru

Ole Waru

Elder Lister
well, everyone seems to be speculating that a recession is coming, some say that it started in 2020, who knows, to me the most important thing is living within or below your means and be prepared. So far the tech industry is already seeing strong signs of a recession with lot's of companies doing layoffs, investors are holding their money back and everyone is complaining about inflation. In reality nobody can predict the future even with great analysis and study of the past, one can never be sure. I found this video to be interesting.



meanwhile layoffs are increasing by the day

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It's a reality that in context will hit us quite hard seeing how much the shilling is depreciating, 8,000,000,000,000 worth of national debt, drought and the rise in the price of basic commodities.
Crazy how even in an election year, the state of the economy is barely spoken about by the top seat contestants yet in reality, that's what is giving many Kenyans sleepless nights.
 
One day all of you will realize a simple fact that “economics” was conjured and molded by and for the interests of the upper echelon of society, to control the language and thoughts about its terms; and at the core of it, it’s nothing more than fraud, deception, con artistry.
 
mzeiya said:
It's a reality that in context will hit us quite hard seeing how much the shilling is depreciating, 8,000,000,000,000 worth of national debt, drought and the rise in the price of basic commodities.
Crazy how even in an election year, the state of the economy is barely spoken about by the top seat contestants yet in reality, that's what is giving many Kenyans sleepless nights.
Click to expand...
But really, there is nothing like abnormal inflation you are writing about .
Bread in 2002- less than 20 bob(na ilikuwa 500gms)
In 2013- 50/-
In 2022- 60/-

Except for the imported stuff like cooking oi, and fuel, the rest of the commodities have retained a normal price curve.
In Europe and US, commodity prices are something else. It's one of the reason democrats will lose terribly in the coming mid elections.
For the shilling, is it a problem of Ksh losing, dollar gaining, or both? We discussed this one elsewhere.
uK Pound was ksh 154 just the other day, it's now 140.
Euro was at ksh 135 in 2021, it's now at 122, where it was in 2011 and 2018.
1$ was 103 japanese yens in 2020
Right now, 1$ = 128 yens
We found out that Locally kwanza Kuna shortage mbaya sana ya USD,(or demand exeeeding supply) and anyone needing them can only get a max of $20,000 in a day.
as the thread suggests, I think there is a worldwide economic recession. Ray Dalio is a great economist who correctly predicted the 2008 economic crisis, and again predicted a recession would happen in 2020. Maybe it's COVID that delayed it
 
Othello said:
But really, there is nothing like abnormal inflation you are writing about .
Bread in 2002- less than 20 bob(na ilikuwa 500gms)
In 2013- 50/-
In 2022- 60/-

Except for the imported stuff like cooking oi, and fuel, the rest of the commodities have retained a normal price curve.
In Europe and US, commodity prices are something else. It's one of the reason democrats will lose terribly in the coming mid elections.
For the shilling, is it a problem of Ksh losing, dollar gaining, or both? We discussed this one elsewhere.
uK Pound was ksh 154 just the other day, it's now 140.
Euro was at ksh 135 in 2021, it's now at 122, where it was in 2011 and 2018.
1$ was 103 japanese yens in 2020
Right now, 1$ = 128 yens
We found out that Locally kwanza Kuna shortage mbaya sana ya USD,(or demand exeeeding supply) and anyone needing them can only get a max of $20,000 in a day.
as the thread suggests, I think there is a worldwide economic recession. Ray Dalio is a great economist who correctly predicted the 2008 economic crisis, and again predicted a recession would happen in 2020. Maybe it's COVID that delayed it
Click to expand...
Sijui nicheke ama nilie. Price changes za siku hizi ndio unaita normal?
 
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