6 weeks ago.

[Githunguri]

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😅😅😅 this is about 6 weeks ago when the dollar was exchanging at 130 to the Ksh. In the market, it’s now exchanging at 150. Things became worse not better. Woe unto you if you took Ruto and Rigathi’s word seriously and sold your dollars.

See, when Ruto talks about the economy… pic.twitter.com/6NAPovmfYb

— Pauline Njoroge (@paulinenjoroge) June 9, 2023

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[RV Pundit]

Do you know in 2027 nobody will remember this.

Wacha dollar ifike 200 - I cash my dollars - halafu KES ilipande tena.

[Githunguri]

Do you know in 2027 nobody will remember this.

Wacha dollar ifike 200 - I cash my dollars - halafu KES ilipande tena.

If you cash the dollars at 200,It won't make a difference because the cost of goods will be up.

[RV Pundit]

Inflation only affect the poor - food inflation is small part of my budget. My monthly shopping has gone up from 15k to 25k recently - but that is hardly anything for me. It big deal for many kenyans though.

What I watch is core inflation - if I want to buy a tractor - halafu it goes up by half a million - then I will be caught in the web.

If you cash the dollars at 200,It won't make a difference because the cost of goods will be up.

[Githunguri]

Sometimes if you don't have anything sensible to say..just stop.

[RV Pundit]

Kiamwangi Secondary - you know nothing. Inflation is only problem for poor. For the rich - heck - things they buy like land, houses, shares, assets, cows etc - become cheaper - as desperate floating middle class try to sell their stuff cheap to survive.

Right now it very cheap to buy land - because the wannabe middle class are struggling and selling desperately.

You can literally go NSE and buy any share now - Inflation has gone up - but shares in NSE are tanking. But using Kiamwangi secondary brain - Shares should also be GOING UP

https://www.businessdailyafrica.com/bd/economy/kenya-s-rich-get-richer-as-gap-with-the-poor-widens--4263420

Sometimes if you don't have anything sensible to say..just stop.

[Githunguri]

Whatever

[sema]

Inflation only affect the poor

But 90% of Kenyans are poor and this is the problem.

Right now it very cheap to buy land - because the wannabe middle class are struggling and selling desperately

Selling to who? and aren't you middle class? but you said you are not struggling, but the middle class are.

You can literally go NSE and buy any share now - Inflation has gone up - but shares in NSE are tanking

How is this affecting the stock brokerage companies that made a killing during safaricom's IPO's? Companies like Dyer and Blair; Standard Investment Bank, etc

[RV Pundit]

You guys are stupi.d
All people - rich, poor, middle class - eat, dress, name it
For the poor - they spend 50% of their money to buy food.
For the rich - food is almost zero of their expenditure.
For middle class - it about half way - still food is about nothing for most middle class.
So inflation - of food, energy, core - affect each class of people differently.
For the poor - it may mean missing lunch - and taking one meal a day.
For most middle class - and rich - it nothing - maybe they will skip one sherehe for middle class every weekend - rich dont care.
For the proper middle class - the floating middle class - just borderline - because their meal.
Floating middle class - start getting stress - and selling assets to maintain lifestyle - and they get snapped by middle class.
For the rich - they start snapping assets at NSES, land, etc - due to bear run.
Bear run mean all wanabe middle class are now starting to save money instead of investing - start to stock up.

End of day - in economic crisis - rich become richer - poor become poorer.

Inflation only affect the poor

But 90% of Kenyans are poor and this is the problem.

Right now it very cheap to buy land - because the wannabe middle class are struggling and selling desperately

Selling to who? and aren't you middle class? but you said you are not struggling, but the middle class are.

You can literally go NSE and buy any share now - Inflation has gone up - but shares in NSE are tanking

How is this affecting the stock brokerage companies that made a killing during safaricom's IPO's? Companies like Dyer and Blair; Standard Investment Bank, etc

[sema]

Pundit

What % of kenyans would you classify as "middle class"?

[RV Pundit]

Proper middle class ni 10% hivi..or less.Floating middle class is huge

[patel]

With a population of 50 million plus you are talking about an economy that only works for 5 million families or less. Less than 200K accounts that have a deposit/balance of over $1000. One step away from being declared a failed nation.

[audacityofhope]

Pundit,
As @Githunguri has told you

Sometimes if you don't have anything sensible to say..just stop.

And Sema/Patel have broken it down to you like one would to a kindergarten kid. You posted nonsense and you have been cornered. Ruto campaigned on a platform to change the fortunes of the mama mbogas & boda boda yet without shame you disparage the "90% poor". So if it were true, what does it speak to this administration and the economy it is running that out of 50 million Kenyans, only one person - one Rvpundit is "not suffering"??
You don't have to go on making a mockery of yourself when it is clear to all and sundry that you made a f*cked up post. Eish!

[RV Pundit]

Typical ODmoron.Kumbe Kumbe.

Pundit,
As @Githunguri has told you

Sometimes if you don't have anything sensible to say..just stop.

And Sema/Patel have broken it down to you like one would to a kindergarten kid. You posted nonsense and you have been cornered. Ruto campaigned on a platform to change the fortunes of the mama mbogas & boda boda yet without shame you disparage the "90% poor". So if it were true, what does it speak to this administration and the economy it is running that out of 50 million Kenyans, only one person - one Rvpundit is "not suffering"??
You don't have to go on making a mockery of yourself when it is clear to all and sundry that you made a f*cked up post. Eish!

[Githunguri]

Pundit,
As @Githunguri has told you

Sometimes if you don't have anything sensible to say..just stop.

And Sema/Patel have broken it down to you like one would to a kindergarten kid. You posted nonsense and you have been cornered. Ruto campaigned on a platform to change the fortunes of the mama mbogas & boda boda yet without shame you disparage the "90% poor". So if it were true, what does it speak to this administration and the economy it is running that out of 50 million Kenyans, only one person - one Rvpundit is "not suffering"??
You don't have to go on making a mockery of yourself when it is clear to all and sundry that you made a f*cked up post. Eish!

No need to waste time arguing with Pundit who is on a UDA blogger payroll.He has to twist everything to please his master's.

Ruto said the dollar will drop to to 115,It's up to almost 150,This is a fact,Any argument is foolish.I believe even Ruto is ashamed of himself when he watches some of his pronouncements.

[RV Pundit]

I am not under any Ruto payroll. Like I have said I am planning to retire soon - and will cash out some dollars - and it works for me. I know many kenyans are suffering. Some of us earning in dollars - are not. Inflation has increase my fuel expense - maybe by twice - and I am in kenya maybe half my time- and my food inflation by 10K per month. In Swiss where I sometimes stay and work - inflation is non-issues as prices of everything is always sky high. There is almost no change in Swiss Inflation for example. Germans who normally sell very very cheaply - are suffering 10% inflation - that is likes of Kadudu.

No need to waste time arguing with Pundit who is on a UDA blogger payroll.He has to twist everything to please his master's.

Ruto said the dollar will drop to to 115,It's up to almost 150,This is a fact,Any argument is foolish.I believe even Ruto is ashamed of himself when he watches some of his pronouncements.

[Githunguri]

We are talking about Kenya not Switzerland.

We import food and fuel,a weak dollar is very bad for the Kenyan economy.

Nobody was talking or asking about you.

Something is wrong with you.

[RV Pundit]

Of course, it bad for the kenyan economy, esp it majority poor. It has minimal impact on the middle and upper class.

We are talking about Kenya not Switzerland.

We import food and fuel,a weak dollar is very bad for the Kenyan economy.

Nobody was talking or asking about you.

Something is wrong with you.

[Githunguri]

Of course, it bad for the kenyan economy, esp it majority poor. It has minimal impact on the middle and upper class.

[audacityofhope]

Mutu yetu pic.twitter.com/OhD5ax4MNH

— Gypsum board design expert and interior design (@Jakasipul1) June 12, 2023

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