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Elliott Wave Analysis Of The NSE 20
Rank: Member Joined: 12/22/2015 Posts: 224 Location: Mombasa, Kenya
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mlennyma wrote:VituVingiSana wrote:hisah wrote:investorinpple wrote:hisah wrote:Bill proposes to reduce interest rates to promote businessQuote:Kenyan banks will cut interest rates by almost half if a Bill before Parliament becomes law, a step that will promote entrepreneurship.
According to the Bill, banks will charge at most four per cent of the base rate set by the Central Bank of Kenya. Some banks currently charge as much as 25 per cent interest.
The Banking (amendment) Bill seeks to set a limit to what banks charge borrowers although the Central Bank has warned against such a move.
The lawmaker said the proposed law had been well received by colleagues and he expected it to be passed and signed into law.
The CBK is opposed to the capping of lending rates, saying they should be left to market dynamics. CBK Governor Patrick Njoroge recently told NTV any attempt to cap interest rates was against global practice.
KE is playing Russian roulette here... Clueless people making laws that will definitely mess with the flow of capital. This banking storm will be a wild ride. It'll break the market badly! I support the bill! Finally capital will flow to those who need it most, thus spur rapid economic growth! Ever heard of the law of unintended consequences?
Does KE have cheap long term funding sources that permits lenders to set cheaper lending rates? Why hasn't KE govt floated a 20 or 30 year bond? Can the market buy them if floated? Why does the NSE have few companies listed?
Capital has never been shackled by laws. It always floats towards the least restricted zones. This law needs to first address why capital is expensive. Solve that puzzle and you don't need restrictive laws, which just add more problems. Trying to manipulate business cycles through populist laws always leads to capital panic events that cause unitended economic recessions.
Fuel prices controls are a good example. Credit will definitely become more expensive than what the law intends.
Good luck!
Credit will become cheaper for a few. The rest will have to see loan sharks. If 10-year T-Bonds (guaranteed by GoK) yield 14.5% then why would a bank lend to @VVS [who can die, has no taxing power, can't legally print money, can be sued] at 15% with all the risk it entails? GoK needs to: 1. Cut spending. Especially on frivolous items and projects. PPPs work better for economic projects. 2. Borrow less. Don't crowd out the private sector. Why are farmers competing with GoK? [A farmer who borrows to grow tea is competing with GoK funding Galana] 3. Get out of the business of business. 4. Facilitate business by easing registration, licensing and access to resources. 5. Reduce and standardize taxes. Make Tax Law clear and not subject to arbitrary rules/enforcement by KRA. should it happen the collapse of small banks is where the effects will start, i know rao can sign this kind of law but uhuru can't this one presents a conflict of interest on the President's part. kwanza Uhuru's CBA charges 25% on unsecured loans Start!
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Metch wrote:mlennyma wrote:VituVingiSana wrote:hisah wrote:investorinpple wrote:hisah wrote:Bill proposes to reduce interest rates to promote businessQuote:Kenyan banks will cut interest rates by almost half if a Bill before Parliament becomes law, a step that will promote entrepreneurship.
According to the Bill, banks will charge at most four per cent of the base rate set by the Central Bank of Kenya. Some banks currently charge as much as 25 per cent interest.
The Banking (amendment) Bill seeks to set a limit to what banks charge borrowers although the Central Bank has warned against such a move.
The lawmaker said the proposed law had been well received by colleagues and he expected it to be passed and signed into law.
The CBK is opposed to the capping of lending rates, saying they should be left to market dynamics. CBK Governor Patrick Njoroge recently told NTV any attempt to cap interest rates was against global practice.
KE is playing Russian roulette here... Clueless people making laws that will definitely mess with the flow of capital. This banking storm will be a wild ride. It'll break the market badly! I support the bill! Finally capital will flow to those who need it most, thus spur rapid economic growth! Ever heard of the law of unintended consequences?
Does KE have cheap long term funding sources that permits lenders to set cheaper lending rates? Why hasn't KE govt floated a 20 or 30 year bond? Can the market buy them if floated? Why does the NSE have few companies listed?
Capital has never been shackled by laws. It always floats towards the least restricted zones. This law needs to first address why capital is expensive. Solve that puzzle and you don't need restrictive laws, which just add more problems. Trying to manipulate business cycles through populist laws always leads to capital panic events that cause unitended economic recessions.
Fuel prices controls are a good example. Credit will definitely become more expensive than what the law intends.
Good luck!
Credit will become cheaper for a few. The rest will have to see loan sharks. If 10-year T-Bonds (guaranteed by GoK) yield 14.5% then why would a bank lend to @VVS [who can die, has no taxing power, can't legally print money, can be sued] at 15% with all the risk it entails? GoK needs to: 1. Cut spending. Especially on frivolous items and projects. PPPs work better for economic projects. 2. Borrow less. Don't crowd out the private sector. Why are farmers competing with GoK? [A farmer who borrows to grow tea is competing with GoK funding Galana] 3. Get out of the business of business. 4. Facilitate business by easing registration, licensing and access to resources. 5. Reduce and standardize taxes. Make Tax Law clear and not subject to arbitrary rules/enforcement by KRA. should it happen the collapse of small banks is where the effects will start, i know rao can sign this kind of law but uhuru can't this one presents a conflict of interest on the President's part. kwanza Uhuru's CBA charges 25% on unsecured loans Then the Bill is not getting passed into Law. Equity is another bank that will oppose it. I like the idea BUT GoK (Exec, Legislature and Judiciary) has to play its part to crack down on defaulters. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Veteran Joined: 4/16/2014 Posts: 1,420 Location: Bohemian Grove
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Metch wrote:mlennyma wrote:VituVingiSana wrote:hisah wrote:investorinpple wrote:hisah wrote:Bill proposes to reduce interest rates to promote businessQuote:Kenyan banks will cut interest rates by almost half if a Bill before Parliament becomes law, a step that will promote entrepreneurship.
According to the Bill, banks will charge at most four per cent of the base rate set by the Central Bank of Kenya. Some banks currently charge as much as 25 per cent interest.
The Banking (amendment) Bill seeks to set a limit to what banks charge borrowers although the Central Bank has warned against such a move.
The lawmaker said the proposed law had been well received by colleagues and he expected it to be passed and signed into law.
The CBK is opposed to the capping of lending rates, saying they should be left to market dynamics. CBK Governor Patrick Njoroge recently told NTV any attempt to cap interest rates was against global practice.
KE is playing Russian roulette here... Clueless people making laws that will definitely mess with the flow of capital. This banking storm will be a wild ride. It'll break the market badly! I support the bill! Finally capital will flow to those who need it most, thus spur rapid economic growth! Ever heard of the law of unintended consequences?
Does KE have cheap long term funding sources that permits lenders to set cheaper lending rates? Why hasn't KE govt floated a 20 or 30 year bond? Can the market buy them if floated? Why does the NSE have few companies listed?
Capital has never been shackled by laws. It always floats towards the least restricted zones. This law needs to first address why capital is expensive. Solve that puzzle and you don't need restrictive laws, which just add more problems. Trying to manipulate business cycles through populist laws always leads to capital panic events that cause unitended economic recessions.
Fuel prices controls are a good example. Credit will definitely become more expensive than what the law intends.
Good luck!
Credit will become cheaper for a few. The rest will have to see loan sharks. If 10-year T-Bonds (guaranteed by GoK) yield 14.5% then why would a bank lend to @VVS [who can die, has no taxing power, can't legally print money, can be sued] at 15% with all the risk it entails? GoK needs to: 1. Cut spending. Especially on frivolous items and projects. PPPs work better for economic projects. 2. Borrow less. Don't crowd out the private sector. Why are farmers competing with GoK? [A farmer who borrows to grow tea is competing with GoK funding Galana] 3. Get out of the business of business. 4. Facilitate business by easing registration, licensing and access to resources. 5. Reduce and standardize taxes. Make Tax Law clear and not subject to arbitrary rules/enforcement by KRA. should it happen the collapse of small banks is where the effects will start, i know rao can sign this kind of law but uhuru can't this one presents a conflict of interest on the President's part. kwanza Uhuru's CBA charges 25% on unsecured loans Good lord! It seems we will be discussing this interest rate bill 5 times every year. The solution is cutting bureaucracy, simplifying/reducing taxes,improve infrastructure around business hubs and reduce borrowing.But I feel that's expecting too much from the current mps and govt.
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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whiteowl wrote:Metch wrote:mlennyma wrote:VituVingiSana wrote:hisah wrote:investorinpple wrote:hisah wrote:Bill proposes to reduce interest rates to promote businessQuote:Kenyan banks will cut interest rates by almost half if a Bill before Parliament becomes law, a step that will promote entrepreneurship.
According to the Bill, banks will charge at most four per cent of the base rate set by the Central Bank of Kenya. Some banks currently charge as much as 25 per cent interest.
The Banking (amendment) Bill seeks to set a limit to what banks charge borrowers although the Central Bank has warned against such a move.
The lawmaker said the proposed law had been well received by colleagues and he expected it to be passed and signed into law.
The CBK is opposed to the capping of lending rates, saying they should be left to market dynamics. CBK Governor Patrick Njoroge recently told NTV any attempt to cap interest rates was against global practice.
KE is playing Russian roulette here... Clueless people making laws that will definitely mess with the flow of capital. This banking storm will be a wild ride. It'll break the market badly! I support the bill! Finally capital will flow to those who need it most, thus spur rapid economic growth! Ever heard of the law of unintended consequences?
Does KE have cheap long term funding sources that permits lenders to set cheaper lending rates? Why hasn't KE govt floated a 20 or 30 year bond? Can the market buy them if floated? Why does the NSE have few companies listed?
Capital has never been shackled by laws. It always floats towards the least restricted zones. This law needs to first address why capital is expensive. Solve that puzzle and you don't need restrictive laws, which just add more problems. Trying to manipulate business cycles through populist laws always leads to capital panic events that cause unitended economic recessions.
Fuel prices controls are a good example. Credit will definitely become more expensive than what the law intends.
Good luck!
Credit will become cheaper for a few. The rest will have to see loan sharks. If 10-year T-Bonds (guaranteed by GoK) yield 14.5% then why would a bank lend to @VVS [who can die, has no taxing power, can't legally print money, can be sued] at 15% with all the risk it entails? GoK needs to: 1. Cut spending. Especially on frivolous items and projects. PPPs work better for economic projects. 2. Borrow less. Don't crowd out the private sector. Why are farmers competing with GoK? [A farmer who borrows to grow tea is competing with GoK funding Galana] 3. Get out of the business of business. 4. Facilitate business by easing registration, licensing and access to resources. 5. Reduce and standardize taxes. Make Tax Law clear and not subject to arbitrary rules/enforcement by KRA. should it happen the collapse of small banks is where the effects will start, i know rao can sign this kind of law but uhuru can't this one presents a conflict of interest on the President's part. kwanza Uhuru's CBA charges 25% on unsecured loans Good lord! It seems we will be discussing this interest rate bill 5 times every year. The solution is cutting bureaucracy, simplifying/reducing taxes,improve infrastructure around business hubs and reduce borrowing.But I feel that's expecting too much from the current mps and govt. Base to @WhiteOwl. Base to @WhiteOwl. Please return to earth. Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks. $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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hisah wrote:It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks. hahahaha! '.......By year end I'll know if I was a lunatic for being this biased vs banks.' I have archived this thread for posterity cross reference. Though most Wazuan speculators are expecting a mini rally after results announcement. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 9/20/2015 Posts: 2,811 Location: Mombasa
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Spikes wrote:hisah wrote:It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks. hahahaha! '.......By year end I'll know if I was a lunatic for being this biased vs banks.' I have archived this thread for posterity cross reference. Though most Wazuan speculators are expecting a mini rally after results announcement. Toaday more than 100 points rise in NSE 20 index is likely to print. By Friday 4000 handle may be broken up. John 5:17 But Jesus replied, “My Father is always working, and so am I.”
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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Spikes wrote:Spikes wrote:hisah wrote:It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks. hahahaha! '.......By year end I'll know if I was a lunatic for being this biased vs banks.' I have archived this thread for posterity cross reference. Though most Wazuan speculators are expecting a mini rally after results announcement. Toaday more than 100 points rise in NSE 20 index is likely to print. By Friday 4000 handle may be broken up. this bear is not very strong, in proper bears stocks don't respond positively to any good news or good results "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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mlennyma wrote:Spikes wrote:Spikes wrote:hisah wrote:It's March the month that most financials must publish their annual results. I don't expect much here and remain very pessimistic on banks going forward. I'd be short the KE banks index if there was such an ETF. By year end I'll know if I was a lunatic for being this biased vs banks. hahahaha! '.......By year end I'll know if I was a lunatic for being this biased vs banks.' I have archived this thread for posterity cross reference. Though most Wazuan speculators are expecting a mini rally after results announcement. Toaday more than 100 points rise in NSE 20 index is likely to print. By Friday 4000 handle may be broken up. this bear is not very strong, in proper bears stocks don't respond positively to any good news or good results Bear has not gone into hibernation yet but it's showing signs of dozing off. Life is short. Live passionately.
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Rank: Elder Joined: 10/11/2006 Posts: 2,304
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 Survive and Prosper. www.elliottwave.comConventional thinkers waste time building shelters when they are unnecessary and then have no shelters when they need them the most. Socionomists do the opposite.
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Rank: Member Joined: 10/1/2007 Posts: 232
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short time rally. some counters that had printed green are now back in the red territory
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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tmatekwa wrote:short time rally. some counters that had printed green are now back in the red territory stocks move up and down even during the highest bullish moments "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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The weighted average yield on Kenya's 91-day Treasury bills fell to 9.060 at Thursday's auction from 9.316 percent last week, the central bank said. "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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NPL spike and the weird CFC results are indeed reinforcing my lunatic call to short KE banks! $15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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hisah wrote:NPL spike and the weird CFC results are indeed reinforcing my lunatic call to short KE banks! What's weird on CFC results? Life is short. Live passionately.
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Rank: Member Joined: 8/17/2007 Posts: 294
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moving on up....moving on up...4,000 here we come..
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Rank: Elder Joined: 7/21/2010 Posts: 6,184 Location: nairobi
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instinct wrote:moving on up....moving on up...4,000 here we come.. iam however not bullish despite inflation and tb yields falling "Don't let the fear of losing be greater than the excitement of winning."
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Rank: Chief Joined: 8/4/2010 Posts: 8,977
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sparkly wrote:hisah wrote:NPL spike and the weird CFC results are indeed reinforcing my lunatic call to short KE banks! What's weird on CFC results? Those CFC results don't feel right. The loss recovery don't make sense compared to the H1 report.$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
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Rank: Chief Joined: 1/3/2007 Posts: 18,129 Location: Nairobi
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Inconspicuous Consumption http://www.theatlantic.c...uous-consumption/306845/Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Elder Joined: 9/23/2009 Posts: 8,083 Location: Enk are Nyirobi
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instinct wrote:moving on up....moving on up...4,000 here we come.. Temporary correction or leaving the stage for good? Life is short. Live passionately.
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