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Forum => Kenya Discussion => Topic started by: RV Pundit on May 05, 2023, 08:21:11 PM

Title: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 08:21:11 PM
I am in one very popular bar..no people. Its a Friday but it worse than a Monday.
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 08:23:22 PM
Okay waiter says its too early
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 08:24:25 PM
What I have observed many small business have permanently shutdown since covid days.I see more shutting down
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 08:27:00 PM
However coping mechanisms index of say crimes is low.
Title: Re: Kenya economy under recession
Post by: patel on May 05, 2023, 08:52:59 PM
Kenya been under recession since 1963...
Title: Re: Kenya economy under recession
Post by: sema on May 05, 2023, 09:04:33 PM
Quote
Kenya been under recession since 1963...

lol truth.

Is this bar in nairobi?

This is why I said they be must over 3 million kenyans today in the diaspora
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 09:45:38 PM
It's going 10..no people
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 09:47:07 PM
Quote from: patel on May 05, 2023, 08:52:59 PM
Kenya been under recession since 1963...
Not true. There are times kenya or US economy booms..you just maybe not perceptive..90s in kenya remain the worst
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 09:49:15 PM
To precise..at almost 10..bar is half full..not much reserved seats
I am told cbc crew are paying fees.We who pay fortune in international school are in school
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 10:30:33 PM
10.30 bar near full.So it appears kenya culture changing from old days.Most people look fresh. Like they went home first
Title: Re: Kenya economy under recession
Post by: cookie1 on May 05, 2023, 10:40:58 PM
Schools are opening next week. I know this mbecause i've ngotten several requests for ngoya (sic)
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 05, 2023, 10:57:32 PM
As I head home..kuna shida it's almost midnight
Title: Re: Kenya economy under recession
Post by: hk on May 05, 2023, 11:40:07 PM
pundit anakunywa 1.7 lounge bypass kwa kamakis, kidding. lakini lots of upper middle class are shifting downwards to less expensive places. The guys who used to take jack D and martell are now taking "clear martell" (Gilbeys).
Title: Re: Kenya economy under recession
Post by: Georgesoros on May 06, 2023, 12:19:34 AM
Recession is good because it re-invents the economy.
Title: Re: Kenya economy under recession
Post by: RV Pundit on May 06, 2023, 03:55:01 AM
Quote from: hk on May 05, 2023, 11:40:07 PM
pundit anakunywa 1.7 lounge bypass kwa kamakis, kidding. lakini lots of upper middle class are shifting downwards to less expensive places. The guys who used to take jack D and martell are now taking "clear martell" (Gilbeys).
Not yesterday. I was at the Loft actually.When I need choma I go to 1.7  or Ashakis if I crave Uganda matoke I am yet find Uganda  type pork places....Kenya pork is unpalatable
Title: Re: Kenya economy under recession
Post by: gout on May 07, 2023, 05:09:33 PM
We will have to come up with a term for what is happening currently.

It does not fit recession. It looks like stagflation- a recession and inflation for poor shithole on a debt treadmill.

Bureaucrats who should diet are putting crazy plan meals in budgets.
Title: Re: Kenya economy under recession
Post by: Georgesoros on May 07, 2023, 06:04:59 PM
If you are already invested, stagflation is bad. But for someone starting it gives them an opportunity to buy cheap. Also the era of cheap money if OUT.