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A economic avalanche is coming
gout:
As a prophet of doom there is likely a serious economic crisis in 2018 and beyond. Extended drought, these loans and probable diversion of funds to campaigns.
With the window open to print new constitutionally compliant notes this may offer relief or mess up things completely. It is going to be a rough road
--- Quote ---The Treasury has in the past one month also resumed its uptake of the overdraft facility at CBK in a bid to cover some of the budget deficit.
--- End quote ---
http://www.businessdailyafrica.com/markets/news/Domestic-debt-jumps-Sh36bn-in-two-weeks-on-repeat-poll-budget/3815534-4112216-iqwiv1/index.html
patel:
Keep monitoring the shilling vs dollar once it breaks past 105 then 110 then it's game over...
Omollo:
Uhuru and Ruto basically decided to steal public funds to finance their campaign. Towards the end of the July the resorted to looting. The idea was that they had the whole thing under wraps. They were going to rig and Kenyans would remain quiet and subdued. They would browbeat Raila, call him names and generally get away with the heist.
On the little detail of theft, they would fix the whole thing. A new Auditor General would rubber stamp everything. A massive media campaign would promote optimism in the economy and they would borrow more money to fill up the holes. They also expected the Turkana oil to start being pumped and that would bring in the petro dollars.
As you know things simply went south. They were caught stealing. What is more, the judges refused bribes and were ready to be killed for their values.
The NIS promised to get them to read the Njoki judgement and even smuggled it inside the court. They refused. Jomo Gecaga came to Maraga's office to issue threats: Maraga refused. But somehow he assumed he had succeeded. They were celebrating at State House
So when Maraga entered the court room to read the majority opinion, it came as a lightening bolt.
patel:
That's explains the insult from yule jamaa mtoto wa ubwa.....things are thick on the ground, we are hurting too but we are ready to endure short term pain for long term gain.
--- Quote from: Omollo on September 26, 2017, 05:21:32 PM ---Uhuru and Ruto basically decided to steal public funds to finance their campaign. Towards the end of the July the resorted to looting. The idea was that they had the whole thing under wraps. They were going to rig and Kenyans would remain quiet and subdued. They would browbeat Raila, call him names and generally get away with the heist.
On the little detail of theft, they would fix the whole thing. A new Auditor General would rubber stamp everything. A massive media campaign would promote optimism in the economy and they would borrow more money to fill up the holes. They also expected the Turkana oil to start being pumped and that would bring in the petro dollars.
As you know things simply went south. They were caught stealing. What is more, the judges refused bribes and were ready to be killed for their values.
The NIS promised to get them to read the Njoki judgement and even smuggled it inside the court. They refused. Jomo Gecaga came to Maraga's office to issue threats: Maraga refused. But somehow he assumed he had succeeded. They were celebrating at State House
So when Maraga entered the court room to read the majority opinion, it came as a lightening bolt.
--- End quote ---
gout:
--- Quote ---The Treasury has cut development spending by Sh30 billion for the current financial year through a mini-budget in what could dim economic growth and jobs creation.
The mini-budget, which was tabled in Parliament yesterday, indicates that project spending will drop from the initial budget of Sh642 billion to Sh612 billion.
--- End quote ---
http://www.businessdailyafrica.com/economy/Repeat-poll-Sh30-billion-development-budget-cut/3946234-4115572-ltqa1h/index.html
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