@Magigi

i agree with the general thrust of your argument,though some of the evidence you have adduced may not be factual....the mass layoffs in the tourist sector in early 2008 preceded the recession and were clearly temporally related to the PEV.

anyhow,when you say SAVE! SAVE! do you mean cash in the bank,stocks,property,bonds.....which? i am keen in preparing myself for the hard times that are sure to be upon us soon.

there is talk of a housing bubble that could go bust anytime so i will try and avoid property,but maybe land is a safe bet. stocks have gone to the dogs and there is no promise of a quick recovery....there are good deals there alright but as someone keeps saying here....cash is king in these times. are govt bonds/bills really a guaranteed investment...what if the govt goes 'broke'? i feel cash in bank would still suffer the vagaries of inflation.

so please someone give some guidance on how to SAVE! SAVE!!

if K rep banks reasons for their loss are genuine ... its time to worry. seeing EABL fired a warning shot too (job cuts) it may be time to panic.

http://www.bdafrica.com/...d=13741&Itemid=5880

Unless you are an MP.

Kenya needs to buckle down & cut down on imports that have substitutes here like food imports like sauces,beans,juices,etc.

support local industries then expand export markets to other African countries.

Greedy when others are fearful,Very fearful when others are greedy - to paraphrase WB