Author Topic: A economic avalanche is coming  (Read 38331 times)

Offline patel

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Re: A economic avalanche is coming
« Reply #160 on: February 18, 2023, 05:08:56 PM »
Economic collapse is real. No where to hide. Dollar heading to ksh200 speedi speedi.

Offline Georgesoros

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Re: A economic avalanche is coming
« Reply #161 on: February 20, 2023, 07:52:17 PM »
Cheap money that helped many developing nations has disappeared. MegaRich will triple income. Others tighten belts.

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #162 on: March 03, 2023, 08:29:24 AM »
Dollar shortages.Time to look inward and prepare to buy only essentials ?t=dkh6CHj6rFAXClaa09f49Q&s=19

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #163 on: March 06, 2023, 10:23:20 PM »
Dollar is at 128. If you have projects at kenya time to send the mullah

Offline patel

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Re: A economic avalanche is coming
« Reply #164 on: March 07, 2023, 11:43:57 PM »
I think we will hit 150 in few weeks before things stabilize.  Am betting on it hitting 175 then retreating back to 120 or so.

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #165 on: March 08, 2023, 12:31:38 AM »
I hope it hit 150 mid year - I want to cash out my retirement and go back to Kenya.
I think we will hit 150 in few weeks before things stabilize.  Am betting on it hitting 175 then retreating back to 120 or so.

Offline Nowayhaha

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Re: A economic avalanche is coming
« Reply #166 on: March 08, 2023, 12:49:05 AM »
And there goes the purchasing power, what is KK government doing? If not careful we will go Sri Lanka and Ghana way . This coupled with Railas plan of insurrection is very dangerous .

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #167 on: March 08, 2023, 01:33:42 AM »
Raila has no plan. Dollars will remain a curve ball. Until US inflation is under control. We are in for a ride. At least ruto has secured critical fuel, food and last thing remaining is to secure medicine. The rest people can do without.

And there goes the purchasing power, what is KK government doing? If not careful we will go Sri Lanka and Ghana way . This coupled with Railas plan of insurrection is very dangerous .

Offline hk

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Re: A economic avalanche is coming
« Reply #168 on: March 08, 2023, 06:24:31 PM »
Raila has no plan. Dollars will remain a curve ball. Until US inflation is under control. We are in for a ride. At least ruto has secured critical fuel, food and last thing remaining is to secure medicine. The rest people can do without.

And there goes the purchasing power, what is KK government doing? If not careful we will go Sri Lanka and Ghana way . This coupled with Railas plan of insurrection is very dangerous .
2024 will be a make or break year, $1.5b eurobond  is due plus also $4.5b fuel payment.  Tea trading partners e.g. egypt and pakistan have forex problems, remittance might increase marginally or remain the same amount. The only sector that can register significant growth is tourism. Ksh. has depreciated making kenya a cheaper tourist destination.

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #169 on: March 08, 2023, 07:12:38 PM »
Shida..gov borrowing at almost 15% ?t=HYZeWSOYktdEHG45IbrhiQ&s=19

Offline gout

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Re: A economic avalanche is coming
« Reply #170 on: March 10, 2023, 07:47:33 AM »
The rains have to fall otherwise it is a cliff.

Still the dynasties assets can be seized in a state of emergency to feed the people and buy medicine.
I underestimated the heartbreaks visited by hasla revolution

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #171 on: March 10, 2023, 08:33:54 AM »

Offline gout

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Re: A economic avalanche is coming
« Reply #172 on: March 29, 2023, 12:06:57 PM »
Economy 'recovery' not yet being felt. So far the rains are good.

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I underestimated the heartbreaks visited by hasla revolution

Offline gout

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Re: A economic avalanche is coming
« Reply #173 on: April 04, 2023, 07:19:02 AM »
With raging floods, the talk of dams is totally hushed. We are on IEBC.
I underestimated the heartbreaks visited by hasla revolution

Offline gout

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Re: A economic avalanche is coming
« Reply #174 on: April 10, 2023, 03:04:45 PM »
Interesting.
Improved health indicators? First generation of self-employed old timers with no pension savings?

https://www.businessdailyafrica.com/bd/economy/over-82pc-of-retirees-back-to-work-amid-high-inflation-4193784
I underestimated the heartbreaks visited by hasla revolution

Offline RV Pundit

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Re: A economic avalanche is coming
« Reply #175 on: April 10, 2023, 03:27:41 PM »
Not an issues as most of them are part-time farmers. Would only be an issue once we urbanize. Most kenyans invest in their rural abode for post-retirement life.
Interesting.
Improved health indicators? First generation of self-employed old timers with no pension savings?

https://www.businessdailyafrica.com/bd/economy/over-82pc-of-retirees-back-to-work-amid-high-inflation-4193784

Offline gout

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Re: A economic avalanche is coming
« Reply #176 on: April 10, 2023, 03:38:31 PM »
Not necessarily. Looks like rent and food. Even subsistence farming has fallen apart in past 3 years.

Quote
Many of those working were doing so to meet basic needs. Another 6,881 persons above the age of 60 joined young graduates in actively looking for jobs, says the KNBS survey.
I underestimated the heartbreaks visited by hasla revolution

Offline Nowayhaha

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Re: A economic avalanche is coming
« Reply #177 on: April 10, 2023, 03:41:54 PM »

Mainly due to no post retirement plans
Cost of living having gone high
Poor investment choices with retirement money
Lack of financial support from Children
Lack of a concrete pension investment policy.
Lack of co curricular activities in Kenya
The next generstion of retirees like Pundit will be consumed by alcohol.


Interesting.
Improved health indicators? First generation of self-employed old timers with no pension savings?

https://www.businessdailyafrica.com/bd/economy/over-82pc-of-retirees-back-to-work-amid-high-inflation-4193784

Offline gout

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Re: A economic avalanche is coming
« Reply #178 on: April 10, 2023, 04:08:52 PM »
For the poor walking is enough co-curricular activity. You are aways waking till death.

A small farm is a solid pension plan. Depending on kids as social capital has been working but not with current economic crisis. For the rich, they leave wealth to their brats- we are yet to have many success stories especially where there was no education.

Fombe means there is some disposable income.



Mainly due to no post retirement plans
Cost of living having gone high
Poor investment choices with retirement money
Lack of financial support from Children
Lack of a concrete pension investment policy.
Lack of co curricular activities in Kenya
The next generstion of retirees like Pundit will be consumed by alcohol.


Interesting.
Improved health indicators? First generation of self-employed old timers with no pension savings?

https://www.businessdailyafrica.com/bd/economy/over-82pc-of-retirees-back-to-work-amid-high-inflation-4193784
I underestimated the heartbreaks visited by hasla revolution

Offline gout

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I underestimated the heartbreaks visited by hasla revolution