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Forum => Kenya Discussion => Topic started by: sema on November 13, 2024, 12:27:59 AM

Title: Let us return to the echo chamber: Economic Meltdown
Post by: sema on November 13, 2024, 12:27:59 AM
David Ndii is screaming his mouth off on twitter, but the people are not buying it.

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Silent economic meltdown going on...</p>&mdash; Cyprian, Is Nyakundi (@C_NyaKundiH) <a href="?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">The government Thinks Prices Are Down Because They Have Done An Amazing Job At Lowering Prices, Yet The Prices Are Down Becuse The Country Is Having An Economic Meltdown Bringing Prices Down Since Demand Is Down!<br>That Is A Bitter Pill To Swallow For Them Since It Would Make Them…</p>&mdash; ℤєᏟ𝐨𝐥𝐥𝐨Ꮶ𝐚𝐫𝐢𝐬 (@ZeColloKaris) <a href="?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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<blockquote class="twitter-tweet"><p lang="tl" dir="ltr">Nakaa hotels huku juja. Last month on day 17 more than half the students hawakuwa wamelipa rent. Haikuwangi hivi. Sai lazima nipige simu ndo nikule. Zakayo alihakikisha hata online sipati kitu.</p>&mdash; Viking Legend (@voidwhisperers) <a href="?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Money isn&#39;t flowing. I don&#39;t know how to explain that, or who should fix it. But I know money isn&#39;t flowing. And if it&#39;s not flowing, No one will go home happy. Sooner or later,</p>&mdash; 😧mnyamwezi (@ikokituhapa) <a href="?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">No money circulation. Even the usual cartels don&#39;t have money...</p>&mdash; Cyprian, Is Nyakundi (@C_NyaKundiH) <a href="?ref_src=twsrc%5Etfw">November 12, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Georgesoros on November 13, 2024, 02:29:43 AM
Which is better Deflation or inflation??
Inflation goods are expensive but pple have jobs
Deflation everyone hoards money, businesses have to lay off causing pain.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: patel on November 13, 2024, 05:26:14 AM
Economic Armageddon loading. But this was predictable. That thief David Ndii tried to dodge it and in the process over corrected. The rains helped a lot but most are expecting very poor yield due to fake fertilizer. Ni kubaya
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: sema on November 13, 2024, 06:08:47 AM
Quote from: Georgesoros on November 13, 2024, 02:29:43 AM
Which is better Deflation or inflation??
Inflation goods are expensive but pple have jobs
Deflation everyone hoards money, businesses have to lay off causing pain.

Deflation is better. How are higher prices better for anything? Economics is common sense. What you have in Kenya is inflation relative to people’s per capita incomes, not deflation
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Nowayhaha on November 13, 2024, 07:23:25 AM

Deflation is the point to recession , meaning its just matter of time before Kenya defaults , Economics 101….
But would you get it ?

Quote from: Georgesoros on November 13, 2024, 02:29:43 AM
Which is better Deflation or inflation??
Inflation goods are expensive but pple have jobs
Deflation everyone hoards money, businesses have to lay off causing pain.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: RV Pundit on November 13, 2024, 08:22:30 AM
Kenya is doing very well.
Ndii and team have delivered.

What we need now is central bank to low interest rates.
Inject money into the economy.

Treasury to also finally fix pending pills problem - Uhuru left 600B of unpaid contractors.
They are responsible for 15% of the bad loans.

Those should fix the private sector - plus the other policies that are working well.

PUBLIC sector investment .....roads/electricity all over the country need to resume.

And finally Ruto urgently need to nail Mombasa-Malaba expressway and Naivasha-Malaba SGR.

Plus all the ADANI deals - and get contractors on the ground in early 2025.

Throw in the dams.

Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Njuri Ncheke on November 13, 2024, 08:55:18 AM
Quote from: RV Pundit on November 13, 2024, 08:22:30 AM
Kenya is doing very well.
Ndii and team have delivered.

What we need now is central bank to low interest rates.
Inject money into the economy.

Treasury to also finally fix pending pills problem - Uhuru left 600B of unpaid contractors.
They are responsible for 15% of the bad loans.

Those should fix the private sector - plus the other policies that are working well.

PUBLIC sector investment .....roads/electricity all over the country need to resume.

And finally Ruto urgently need to nail Mombasa-Malaba expressway and Naivasha-Malaba SGR.

Plus all the ADANI deals - and get contractors on the ground in early 2025.

Throw in the dams.
SHUT UP IDIOT!!
Do you even think before posting, just because you can afford a few beers you think everyone is doing well, the so called middle class is shrinking, No jobs no nothing uku mashinani people are really suffering even getting enough to eat is a problem
Kweli wewe ni falaa Pundit.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: RV Pundit on November 13, 2024, 10:07:35 AM
Maize is retailing at 2000 to 1800 entire gunia.
Sugar is 120 a kilo. Cooking oil cheap.
Umbwa wewe
If you cannot afford it.
Quote from: Njuri Ncheke on November 13, 2024, 08:55:18 AM
SHUT UP IDIOT!!
Do you even think before posting, just because you can afford a few beers you think everyone is doing well, the so called middle class is shrinking, No jobs no nothing uku mashinani people are really suffering even getting enough to eat is a problem
Kweli wewe ni falaa Pundit.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Nefertiti on November 13, 2024, 11:27:49 AM
Economically Ruto is tied to Trump.

1 WARS. If Trump shuts down Ukraine war and forces comedian into exile. Then forces Netanyahu to stop the genocide. Oil prices will plummet to 2014 prices, especially if he lifts anti-Russia sanctions, even if he doubles down on Iran.

2 CHINA. If Trump resumes trade war - inflation will not abate despite oil price going down. Higher interest rates will mop up capital outflows so Kenya and Global South will suffer.

There is little Ndii can do on his own to Trump-proof a puny economy like Kenya.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Kadudu on November 13, 2024, 11:41:48 AM
The comedian is going nowhere. He might even survive Trump's second term. The Ukraine cannot hold an election during war period. So the man is there for the next 1 to 2 years. After that he can loose the election, but since the Ukraine is a democracy unlike Russia, the comedian can remain in his country.

Maybe you meant Putin. Can Putin survive in Russia when he is no longer president? :-\

Quote from: Nefertiti on November 13, 2024, 11:27:49 AM
Economically Ruto is tied to Trump.

1 WARS. If Trump shuts down Ukraine war and forces comedian into exile. Then forces Netanyahu to stop the genocide. Oil prices will plummet to 2014 prices, especially if he lifts anti-Russia sanctions, even if he doubles down on Iran.

2 CHINA. If Trump resumes trade war - inflation will not abate despite oil price going down. Higher interest rates will mop up capital outflows so Kenya and Global South will suffer.

There is little Ndii can do on his own to Trump-proof a puny economy like Kenya.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Kadudu on November 13, 2024, 12:36:44 PM
G4S lays off 400 workers. Pundit still says things are looking very rosy. Even if the 400 are watchies, those are potential 400 well trained wakoras.

https://www.the-star.co.ke/news/2024-11-13-g4s-to-lay-off-400-staff-as-cash-crunch-bites
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Nefertiti on November 13, 2024, 03:25:56 PM
According to Waltz, Rubio, et al - Trump wants to gift Putin the Donbas and Crimea. And force Ukraine to be neutral by treaty. This will be unpalatable to the Ukrainians and Zelenskyy will be hanged for it.

Ukraine is a geopolitical pawn - so being a democracy is meaningless since there is no sovereignty. A very unenviable position.

Putin is pragmatic. Russia would be colonized [Palestine-style] without him. Same as China without the Party. These are circumstancial systems not bareknuckle pointless dictatorships like Moi or Museveni.

The comedian has it coming. Biden has 4B weapon leftovers and the Europeans won't save him. I hope he has a refugee visa ready.

Quote from: Kadudu on November 13, 2024, 11:41:48 AM
The comedian is going nowhere. He might even survive Trump's second term. The Ukraine cannot hold an election during war period. So the man is there for the next 1 to 2 years. After that he can loose the election, but since the Ukraine is a democracy unlike Russia, the comedian can remain in his country.

Maybe you meant Putin. Can Putin survive in Russia when he is no longer president? :-\

Quote from: Nefertiti on November 13, 2024, 11:27:49 AM
Economically Ruto is tied to Trump.

1 WARS. If Trump shuts down Ukraine war and forces comedian into exile. Then forces Netanyahu to stop the genocide. Oil prices will plummet to 2014 prices, especially if he lifts anti-Russia sanctions, even if he doubles down on Iran.

2 CHINA. If Trump resumes trade war - inflation will not abate despite oil price going down. Higher interest rates will mop up capital outflows so Kenya and Global South will suffer.

There is little Ndii can do on his own to Trump-proof a puny economy like Kenya.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: gout on November 13, 2024, 03:44:13 PM
With restrictions on immigrants' ability to work, a rise in wages and a cut in taxes, are the factors to watch.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Georgesoros on November 13, 2024, 03:46:17 PM
WHat sector is mostly affected??
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Nefertiti on November 13, 2024, 04:02:32 PM
Quote from: Georgesoros on November 13, 2024, 03:46:17 PM
WHat sector is mostly affected??

Farmlands, construction, healthcare
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Georgesoros on November 13, 2024, 05:04:59 PM
Quote from: Nefertiti on November 13, 2024, 04:02:32 PM
Quote from: Georgesoros on November 13, 2024, 03:46:17 PM
WHat sector is mostly affected??

Farmlands, construction, healthcare

Am currently building my crib and I see cost of material is very high. Cement is like 900 shs. Steel rods are exorbitantly high. If taxes were reduced, I guess it will generate more in  the construction and other industries. Healthcare is high because of greed. Any little visit to the hospital is 20k. How many can afford that??
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Nowayhaha on November 13, 2024, 05:42:30 PM
You understand Geopolitics and political economy .
Once Ukraine war is out hauthis in yemen give access to the international waters route  oil market stabilizes then things will be okay .


Quote from: Nefertiti on November 13, 2024, 11:27:49 AM
Economically Ruto is tied to Trump.

1 WARS. If Trump shuts down Ukraine war and forces comedian into exile. Then forces Netanyahu to stop the genocide. Oil prices will plummet to 2014 prices, especially if he lifts anti-Russia sanctions, even if he doubles down on Iran.

2 CHINA. If Trump resumes trade war - inflation will not abate despite oil price going down. Higher interest rates will mop up capital outflows so Kenya and Global South will suffer.

There is little Ndii can do on his own to Trump-proof a puny economy like Kenya.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: RV Pundit on November 13, 2024, 06:06:15 PM
Unless you have sector wide data - G4S could be victim of intense competition - by gazillion security firms.
Quote from: Kadudu on November 13, 2024, 12:36:44 PM
G4S lays off 400 workers. Pundit still says things are looking very rosy. Even if the 400 are watchies, those are potential 400 well trained wakoras.

https://www.the-star.co.ke/news/2024-11-13-g4s-to-lay-off-400-staff-as-cash-crunch-bites
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: patel on November 13, 2024, 08:59:52 PM
Quote from: Georgesoros on November 13, 2024, 05:04:59 PM
Quote from: Nefertiti on November 13, 2024, 04:02:32 PM
Quote from: Georgesoros on November 13, 2024, 03:46:17 PM
WHat sector is mostly affected??

Farmlands, construction, healthcare

Am currently building my crib and I see cost of material is very high. Cement is like 900 shs. Steel rods are exorbitantly high. If taxes were reduced, I guess it will generate more in  the construction and other industries. Healthcare is high because of greed. Any little visit to the hospital is 20k. How many can afford that??

Affordable housing has messed up construction and real estate industry. Lots people sitting on the sidelines waiting for 1 - 2 million affordable house in the middle of Nairobi...ain't gonna happen. Also cement and steel industries are waiting for this huge orders to build affordable housing. It's a mess. Half thought out solutions never accounting for chain reaction.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Georgesoros on November 13, 2024, 09:15:57 PM
Quote from: patel on November 13, 2024, 08:59:52 PM
Quote from: Georgesoros on November 13, 2024, 05:04:59 PM
Quote from: Nefertiti on November 13, 2024, 04:02:32 PM
Quote from: Georgesoros on November 13, 2024, 03:46:17 PM
WHat sector is mostly affected??

Farmlands, construction, healthcare

Am currently building my crib and I see cost of material is very high. Cement is like 900 shs. Steel rods are exorbitantly high. If taxes were reduced, I guess it will generate more in  the construction and other industries. Healthcare is high because of greed. Any little visit to the hospital is 20k. How many can afford that??

Affordable housing has messed up construction and real estate industry. Lots people sitting on the sidelines waiting for 1 - 2 million affordable house in the middle of Nairobi...ain't gonna happen. Also cement and steel industries are waiting for this huge orders to build affordable housing. It's a mess. Half thought out solutions never accounting for chain reaction.

Should have left real estate alone. Provide subsidies to buy a place instead of building chaos that we currently see
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: sema on November 13, 2024, 10:06:36 PM
More layoff's...the echo chamber is speaking

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">I thought with all the affordable housing construction going on, these guys would be in serious business, no? <a href="https://t.co/H6jHY9b9jG">pic.twitter.com/H6jHY9b9jG</a></p>&mdash; SokoAnalyst (@SokoAnalyst) <a href="?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: sema on November 13, 2024, 10:35:29 PM
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">This month alone, over 20 key manufacturing businesses have shutdown completely and relocated to Mukono, Uganda. Over 1000 permanent jobs &amp; 5000 indirect have been lost due to a punitive &amp; confused tax regime. Unemployment is up &amp; so is crime.</p>&mdash; SokoAnalyst (@SokoAnalyst) <a href="?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: sema on November 13, 2024, 10:38:38 PM
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Your government really seems to hate the middle class and yet these are the same people whose payslips you&#39;ve raided to finance your blatant looting.</p>&mdash; Kevin J. Muringih (@kevinmuringih) <a href="?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr"><a href="https://twitter.com/DavidNdii?ref_src=twsrc%5Etfw">@DavidNdii</a> How are we to reconsile these 2 posts from you? <a href="https://t.co/TdChvXFeBD">https://t.co/TdChvXFeBD</a></p>&mdash; Mungai Charles (KE) (@mungaicharles) <a href="?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Georgesoros on November 14, 2024, 06:49:58 AM
Whoa 🤯
Instead of slimming down government they decided to expand tax enforcement n in the process killing anything that is left over
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Kadudu on November 14, 2024, 10:49:13 AM
Why would they slim their looting budget? Ruto should have first utilised the taxes the government was already receiving before increasing taxes. Most Kenyans are not receiving the services for which they pay taxes.

Quote from: Georgesoros on November 14, 2024, 06:49:58 AM
Whoa 🤯
Instead of slimming down government they decided to expand tax enforcement n in the process killing anything that is left over
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: sema on November 14, 2024, 07:23:46 PM
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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Unilever is also currently in the process of laying off some of their stuff.</p>&mdash; Trick Daddy!!! (@Wuod_Lo) <a href="?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">I know a garment manufacturing company in Industrial Area that cut salaries for all staff to avoid letting some of them go after they experienced a significant decline in orders. <br><br>Then there&#39;s this: 👇🏾<a href="https://t.co/dVSS0CTdng">https://t.co/dVSS0CTdng</a></p>&mdash; Martin Njuguna (@TheBrooder) <a href="?ref_src=twsrc%5Etfw">November 14, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

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<blockquote class="twitter-tweet"><p lang="en" dir="ltr">A company in industrial area is laying off 200+</p>&mdash; Alfayaz 11 (@Alfayaz11) <a href="?ref_src=twsrc%5Etfw">November 13, 2024</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Nefertiti on November 14, 2024, 07:42:28 PM
IMF numbers should tell us the true story, this anecdotal evidence is unreliable. There are people equally doing well, such as Safaricom with record profits. They have sponsored content glorifying their journey.

What do the GDP, etc growth economics say?
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Kadudu on November 15, 2024, 12:16:55 PM
Ruto has given up on local jobs and is now betting on sending Kenyan youth abroad. Ruto holds a cabinet meeting and does not address the current layoffs taking place in the manufacturing industry. Instead he wants on emphasing sending Kenyans to househelp in countries like Lebanon.

https://www.the-star.co.ke/news/2024-11-15-state-reveals-new-dates-for-foreign-job-interviews
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Nefertiti on November 15, 2024, 04:13:52 PM
Quote from: Kadudu on November 15, 2024, 12:16:55 PM
Ruto has given up on local jobs and is now betting on sending Kenyan youth abroad. Ruto holds a cabinet meeting and does not address the current layoffs taking place in the manufacturing industry. Instead he wants on emphasing sending Kenyans to househelp in countries like Lebanon.

https://www.the-star.co.ke/news/2024-11-15-state-reveals-new-dates-for-foreign-job-interviews

It seems Kenya is now a top Labor exporter. I wonder how many B's we are talking about.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: Fairandbalanced on November 15, 2024, 04:45:19 PM
The economics of staple food, cannot get out of that trap. How about thinking bigger, I can help you, all you have to do is call us, we are here in the diaspora, born to think big and big ideas.
Title: Re: Let us return to the echo chamber: Economic Meltdown
Post by: gout on November 15, 2024, 04:54:22 PM
This is a dicey bet. TSC is crying there are no science teachers for CBC STEM pathway yet we want to send them abroad and implement CBC.
https://www.citizen.digital/news/tsc-reports-shortage-of-science-teachers-in-kenya-n351789

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The various job positions include nurses, aged-care workers, educators in science, mathematics, English, and physical education, chefs, drivers and other unspecialised roles.

Lebanon hii moja under siege by Netnyang'au ama ingine where the houselps are wailing? Madvd was not around to brief the cabinet on the crisis.

https://www.citizen.digital/news/over-7000-kenyans-stuck-in-lebanon-prime-cs-mudavadi-n351490

The billions remittances are flowing but given the numbers in Saudi and Qatar, seems the wages there are not moving the needle.
https://kenyanwallstreet.com/diaspora-inflows-hit-record-ksh-55-2-billion-in-august/

Quote from: Nefertiti on November 15, 2024, 04:13:52 PM
Quote from: Kadudu on November 15, 2024, 12:16:55 PM
Ruto has given up on local jobs and is now betting on sending Kenyan youth abroad. Ruto holds a cabinet meeting and does not address the current layoffs taking place in the manufacturing industry. Instead he wants on emphasing sending Kenyans to househelp in countries like Lebanon.

https://www.the-star.co.ke/news/2024-11-15-state-reveals-new-dates-for-foreign-job-interviews

It seems Kenya is now a top Labor exporter. I wonder how many B's we are talking about.