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Law Capping interest rates
Rank: Elder Joined: 7/22/2009 Posts: 7,460
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This "conversation" ends here. Why? I have learnt a number of things and here is one of them!!! Link.Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Elder Joined: 4/22/2010 Posts: 11,522 Location: Nairobi
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True we move on.... possunt quia posse videntur
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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Agreed Wazuans are intelligent enough to tell who the pig is here. From assuring us that uhuru won't sign the bill to BMW, bitching whining and moaning after the bill was signed to belittling and insulting those who feel they benefited from the bill. Good to see you are now accepting and moving on. Good riddance, we won't miss your insults and looking down upon others. Mr know it all punda amecheka
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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newfarer wrote:Agreed Wazuans are intelligent enough to tell who the pig is here. From assuring us that uhuru won't sign the bill to BMW, bitching whining and moaning after the bill was signed to belittling and insulting those who feel they benefited from the bill. Good to see you are now accepting and moving on. Good riddance, we won't miss your insults and looking down upon others. Mr know it all @newfarer be kind to @maichblack.. everyone has a right to an opinion. Only thing is to avoid insulting other users, unless you are insulted first..
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Elder Joined: 3/19/2010 Posts: 3,504 Location: Uganda
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OK, merry Christmas obiero MaichBlack and everyone punda amecheka
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Rank: Elder Joined: 10/18/2008 Posts: 3,434 Location: Kerugoya
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newfarer wrote:Agreed Wazuans are intelligent enough to tell who the pig is here. newfarer wrote:Agreed Wazuans are intelligent enough to tell who the pig is here. Are we now? Fighting With Pigs
“I know (what) you are but what am I?”"I learned long ago, never to wrestle with a pig. You get dirty, and besides, the pig likes it."
George Bernard Shaw
Like many insightful quotes, this one nails an important idea, but really just one side of it.
If you step back, you will recognize the other side and then you will have cornered yourself with a fundamental tough judgment call, a tension that needs to be balanced and rebalanced in changing situations.
First, let us set aside one simple problem with the quote. Not all pigs can be escaped.
Sometimes we are forced to wrestle with pigs because they have power over us.
The problem I want to focus on here is the complexity of deciding who is a pig.
If there were an objective test to determine who is a pig and who is not, we would know whom to avoid.
However, there isn't one.
There are many ways to be a pig, including refusing to engage in debate.
For example the dictator who oppresses his citizens, is completely inaccessible to dialogue, and accuses anyone who disagrees with him of being a pig.
He is a pig, right?"
By: Jeremy E Sherman Ph.D. Link to the unflattering blog article here
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Rank: Elder Joined: 12/4/2009 Posts: 10,702 Location: NAIROBI
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http://www.businessdaily...8672-l9fnwdz/index.html
Anothe beneficiary of the repealing of the interest rate cap Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: New-farer Joined: 2/7/2016 Posts: 79 Location: Home
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If banks continue denying Wanjiku big loans, I think the stock market will take a hit because Wanjiku will be forced to liquidate her holdings to finance business ventures,
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Rank: Elder Joined: 10/3/2008 Posts: 4,057 Location: Gwitu
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Mkondoa Macho wrote:If banks continue denying Wanjiku big loans, I think the stock market will take a hit because Wanjiku will be forced to liquidate her holdings to finance business ventures, Banks have never given Wanjiku big loans! Truth forever on the scaffold
Wrong forever on the throne
(James Russell Rowell)
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Mkondoa Macho wrote:If banks continue denying Wanjiku big loans, I think the stock market will take a hit because Wanjiku will be forced to liquidate her holdings to finance business ventures, Any wanjiku who borrows money to invest on NSE should be shot in public point blank! If Obiero did it, Who Am I?
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Rank: Elder Joined: 7/22/2009 Posts: 7,460
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kaka2za wrote:Mkondoa Macho wrote:If banks continue denying Wanjiku big loans, I think the stock market will take a hit because Wanjiku will be forced to liquidate her holdings to finance business ventures, Banks have never given Wanjiku big loans! And Wanjiku doesn't have enough skin in the Stock market to make it take a hit. Most of what she had she already panic sold in 2016. And most small business owners invest all they have in their businesses and the occasional kaplot. Very few of them have significant holdings in the NSE. And it is for a good reason. They believe being in business, they can multiply their money faster than the NSE. And given the nature of their businesses, they have no surplus left after re-investing in the business. Never count on making a good sale. Have the purchase price be so attractive that even a mediocre sale gives good returns.
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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Mkondoa Macho wrote:If banks continue denying Wanjiku big loans, I think the stock market will take a hit because Wanjiku will be forced to liquidate her holdings to finance business ventures, Point on. Wanjiku does not live in utopia. Price movements many a times are determined by movement of a thin fraction of the entire available stocks/ shares of a firm. Value investors, rarely sellout and at worst, at a discount unless for loss stop moves. Otherwise stock market is free so long as u have cdsc and can afford 100 pieces. Firmly noted. Further applies across the board too. Suppose further ur harvest time (that long ka plan of yours) came mature today and you did not have plan B (a bankloan to keep u a float) would you sell? Cash is king, if you weren't set ablaze by this caps thing, but be ready to weather the storm if ready to join the bandwagon. The road ahead is slime slippery. Why lie if you can cheat men.....  ,Behold, a sower went forth to sow;....
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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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Meanwhile, in other news: "Banks defy interest rate caps to grow profits by 6 per cent"Could these be the profits of doom that we have been warned about? "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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Too early to tell the impact of interest caps on profitability If Obiero did it, Who Am I?
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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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Swenani wrote:Too early to tell the impact of interest caps on profitability Maybe, but the trend is clearly disabusing our resident doom mongers, no? In any case I would personally bet on the talent most of the big banks have on board. It will take a systemic disaster before the likes of Mwangi, Oigara, Muriuki et al lose serious money. By the time such happens, we shall have bigger things to worry about, like impending economic depression. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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Wakanyugi wrote:Swenani wrote:Too early to tell the impact of interest caps on profitability Maybe, but the trend is clearly disabusing our resident doom mongers, no? In any case I would personally bet on the talent most of the big banks have on board. It will take a systemic disaster before the likes of Mwangi, Oigara, Muriuki et al lose serious money. By the time such happens, we shall have bigger things to worry about, like impending economic depression. The capping was needed, point blank period
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/19/2010 Posts: 1,308 Location: nairobi metropolitan
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obiero wrote:Wakanyugi wrote:Swenani wrote:Too early to tell the impact of interest caps on profitability Maybe, but the trend is clearly disabusing our resident doom mongers, no? In any case I would personally bet on the talent most of the big banks have on board. It will take a systemic disaster before the likes of Mwangi, Oigara, Muriuki et al lose serious money. By the time such happens, we shall have bigger things to worry about, like impending economic depression. The capping was needed, point blank period Tukutane hapa next year wakati kama huu.  The banks had already made profits for this year by the time rate cap came in. Democracy does not belong to the dead
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Rank: Elder Joined: 6/23/2009 Posts: 13,554 Location: nairobi
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githundi wrote:obiero wrote:Wakanyugi wrote:Swenani wrote:Too early to tell the impact of interest caps on profitability Maybe, but the trend is clearly disabusing our resident doom mongers, no? In any case I would personally bet on the talent most of the big banks have on board. It will take a systemic disaster before the likes of Mwangi, Oigara, Muriuki et al lose serious money. By the time such happens, we shall have bigger things to worry about, like impending economic depression. The capping was needed, point blank period Tukutane hapa next year wakati kama huu. The banks had already made profits for this year by the time rate cap came in. Sijaongea about profits kaka.. But trust this, the 5 bigger banks will increase profits by margins between 10-15%
HF 90,000 ABP 3.83; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
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Rank: Veteran Joined: 11/13/2015 Posts: 1,596
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In the meantime the mido crass have decided to buy mtumba this xmas in anticipation of njaanuary Quote:Lifestyle clothing retailer Deacons yesterday said sales are flat this festive season, attributing minimal business to lower consumer purchasing power.
The firm said delays by the government to settle tens of billions of shillings in arrears to suppliers and interest caps enforced in September have hurt circulation of cash in the economy.
"The company is trading fairly softly. We have not seen the Christmas rush we usually see, but we are hoping it will come towards the end of next week," Deacons Kenya chief executive Wahome Muchiri said in an interview in Nairobi. "I think it's got to do with the interest rate change, the government budget deficit, and the government's inability to meet its obligations to suppliers which has affected the cycle of cash. Cash is not circulating and that directly affects our customers."
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Rank: Veteran Joined: 7/3/2007 Posts: 1,634
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wukan wrote:In the meantime the mido crass have decided to buy mtumba this xmas in anticipation of njaanuary Quote:Lifestyle clothing retailer Deacons yesterday said sales are flat this festive season, attributing minimal business to lower consumer purchasing power.
The firm said delays by the government to settle tens of billions of shillings in arrears to suppliers and interest caps enforced in September have hurt circulation of cash in the economy.
"The company is trading fairly softly. We have not seen the Christmas rush we usually see, but we are hoping it will come towards the end of next week," Deacons Kenya chief executive Wahome Muchiri said in an interview in Nairobi. "I think it's got to do with the interest rate change, the government budget deficit, and the government's inability to meet its obligations to suppliers which has affected the cycle of cash. Cash is not circulating and that directly affects our customers." Blame the rate caps...a catch all excuse for every business incompetent this season. So banks are not lending and now we hear the government is not buying. What are they going to do with the loot? As my Pastor is fond of saying: give thou unto me a f*&@ing break. "The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth." (Niels Bohr)
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