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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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obiero wrote:Ericsson wrote:Kenya's economy is entering a recession Correction.. Kenya's economy is in a recession What is a recession? "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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murchr wrote:obiero wrote:Ericsson wrote:Kenya's economy is entering a recession Correction.. Kenya's economy is in a recession What is a recession? A period when the economy of a country is not successful and conditions for business are bad
KQ ABP 4.26
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Rank: Veteran Joined: 11/14/2006 Posts: 1,311
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Recession is normally defined as a situation where the economy contracts (negative GDP growth) for at least 2 consecutive quarters.
Everybody including the IMF and the World Bank think Kenya is growing at circa 6% at the moment.
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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Liv wrote:Recession is normally defined as a situation where the economy contracts (negative GDP growth) for at least 2 consecutive quarters.
Everybody including the IMF and the World Bank think Kenya is growing at circa 6% at the moment. @Liv that's the textbook definition. In reality, we see the listed and other firms that are sliding to loss territory or reduced revenue.. We see the layoffs. We see the auction notices http://www.ke.undp.org/c...ng-the-GDP-of-Kenya.html
KQ ABP 4.26
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Rank: Elder Joined: 2/26/2012 Posts: 15,980
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obiero wrote:Liv wrote:Recession is normally defined as a situation where the economy contracts (negative GDP growth) for at least 2 consecutive quarters.
Everybody including the IMF and the World Bank think Kenya is growing at circa 6% at the moment. @Liv that's the textbook definition. In reality, we see the listed and other firms that are sliding to loss territory or reduced revenue.. We see the layoffs. We see the auction notices http://www.ke.undp.org/c...g-the-GDP-of-Kenya.html Some companies and sectors not making money from this economy doesn't say much about a recession, they need to change and adapt to the new environment and make money like the rest "There are only two emotions in the market, hope & fear. The problem is you hope when you should fear & fear when you should hope: - Jesse Livermore
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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murchr wrote:obiero wrote:Liv wrote:Recession is normally defined as a situation where the economy contracts (negative GDP growth) for at least 2 consecutive quarters.
Everybody including the IMF and the World Bank think Kenya is growing at circa 6% at the moment. @Liv that's the textbook definition. In reality, we see the listed and other firms that are sliding to loss territory or reduced revenue.. We see the layoffs. We see the auction notices http://www.ke.undp.org/c...g-the-GDP-of-Kenya.html Some companies and sectors not making money from this economy doesn't say much about a recession, they need to change and adapt to the new environment and make money like the rest Which sector isn't affected? Retail-Uchumi, Nakumatt, Telco-Telkom, Safaricom, Commercial-Deacons, Express, KQ, Manufacturing, FTG, Construction-EAPC, ARM, Agricultural-LTK, Financial-HF, NBK, Family, Sidian, Energy -KEGN, KPLC, Investments-Olympia.. It's not all OK. The main problem is that KNBS doesn't release job data, which would show the truth. The fact that KRA collected less PAYE tax in 2017 than in the preceding 5 years tells a tale
KQ ABP 4.26
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Rank: Veteran Joined: 8/28/2015 Posts: 1,247
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obiero wrote:murchr wrote:obiero wrote:Liv wrote:Recession is normally defined as a situation where the economy contracts (negative GDP growth) for at least 2 consecutive quarters.
Everybody including the IMF and the World Bank think Kenya is growing at circa 6% at the moment. @Liv that's the textbook definition. In reality, we see the listed and other firms that are sliding to loss territory or reduced revenue.. We see the layoffs. We see the auction notices http://www.ke.undp.org/c...g-the-GDP-of-Kenya.html Some companies and sectors not making money from this economy doesn't say much about a recession, they need to change and adapt to the new environment and make money like the rest Which sector isn't affected? Retail-Uchumi, Nakumatt, Telco-Telkom, Safaricom, Commercial-Deacons, Express, KQ, Manufacturing, FTG, Construction-EAPC, ARM, Agricultural-LTK, Financial-HF, NBK, Family, Sidian, Energy -KEGN, KPLC, Investments-Olympia.. It's not all OK. The main problem is that KNBS doesn't release job data, which would show the truth. The fact that KRA collected less PAYE tax in 2017 than in the preceding 5 years tells a tale @ Obiero, you are looking at the wrong place, check your status and precisely, and without an iota of doubt, you will realise your bedmate KQueer, has put u in recession for over two yrs now. Anyway, am at church trying to slay the demon that is inside your mate. ,Behold, a sower went forth to sow;....
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Rank: Elder Joined: 6/23/2009 Posts: 14,213 Location: nairobi
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muandiwambeu wrote:obiero wrote:murchr wrote:obiero wrote:Liv wrote:Recession is normally defined as a situation where the economy contracts (negative GDP growth) for at least 2 consecutive quarters.
Everybody including the IMF and the World Bank think Kenya is growing at circa 6% at the moment. @Liv that's the textbook definition. In reality, we see the listed and other firms that are sliding to loss territory or reduced revenue.. We see the layoffs. We see the auction notices http://www.ke.undp.org/c...g-the-GDP-of-Kenya.html Some companies and sectors not making money from this economy doesn't say much about a recession, they need to change and adapt to the new environment and make money like the rest Which sector isn't affected? Retail-Uchumi, Nakumatt, Telco-Telkom, Safaricom, Commercial-Deacons, Express, KQ, Manufacturing, FTG, Construction-EAPC, ARM, Agricultural-LTK, Financial-HF, NBK, Family, Sidian, Energy -KEGN, KPLC, Investments-Olympia.. It's not all OK. The main problem is that KNBS doesn't release job data, which would show the truth. The fact that KRA collected less PAYE tax in 2017 than in the preceding 5 years tells a tale @ Obiero, you are looking at the wrong place, check your status and precisely, and without an iota of doubt, you will realise your bedmate KQueer, has put u in recession for over two yrs now. Anyway, am at church trying to slay the demon that is inside your mate. I could loose all the funds I have in the NSE and survive.. You may note that I am a husband and father. We eat daily, we pay the power and water bills, school fees at a prestigious academy, even go for bi-annual holiday. I lack nothing financial really
KQ ABP 4.26
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Rank: User Joined: 8/15/2013 Posts: 13,237 Location: Vacuum
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obiero wrote:muandiwambeu wrote:obiero wrote:murchr wrote:obiero wrote:Liv wrote:Recession is normally defined as a situation where the economy contracts (negative GDP growth) for at least 2 consecutive quarters.
Everybody including the IMF and the World Bank think Kenya is growing at circa 6% at the moment. @Liv that's the textbook definition. In reality, we see the listed and other firms that are sliding to loss territory or reduced revenue.. We see the layoffs. We see the auction notices http://www.ke.undp.org/c...g-the-GDP-of-Kenya.html Some companies and sectors not making money from this economy doesn't say much about a recession, they need to change and adapt to the new environment and make money like the rest Which sector isn't affected? Retail-Uchumi, Nakumatt, Telco-Telkom, Safaricom, Commercial-Deacons, Express, KQ, Manufacturing, FTG, Construction-EAPC, ARM, Agricultural-LTK, Financial-HF, NBK, Family, Sidian, Energy -KEGN, KPLC, Investments-Olympia.. It's not all OK. The main problem is that KNBS doesn't release job data, which would show the truth. The fact that KRA collected less PAYE tax in 2017 than in the preceding 5 years tells a tale @ Obiero, you are looking at the wrong place, check your status and precisely, and without an iota of doubt, you will realise your bedmate KQueer, has put u in recession for over two yrs now. Anyway, am at church trying to slay the demon that is inside your mate. I could loose all the funds I have in the NSE and survive.. You may note that I am a husband and father. We eat daily, we pay the power and water bills, school fees at a prestigious academy, even go for bi-annual holiday. I lack nothing financial really Ptho! If Obiero did it, Who Am I?
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Rank: Elder Joined: 12/7/2012 Posts: 11,935
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Swenani wrote:obiero wrote:muandiwambeu wrote:obiero wrote:murchr wrote:obiero wrote:Liv wrote:Recession is normally defined as a situation where the economy contracts (negative GDP growth) for at least 2 consecutive quarters.
Everybody including the IMF and the World Bank think Kenya is growing at circa 6% at the moment. @Liv that's the textbook definition. In reality, we see the listed and other firms that are sliding to loss territory or reduced revenue.. We see the layoffs. We see the auction notices http://www.ke.undp.org/c...g-the-GDP-of-Kenya.html Some companies and sectors not making money from this economy doesn't say much about a recession, they need to change and adapt to the new environment and make money like the rest Which sector isn't affected? Retail-Uchumi, Nakumatt, Telco-Telkom, Safaricom, Commercial-Deacons, Express, KQ, Manufacturing, FTG, Construction-EAPC, ARM, Agricultural-LTK, Financial-HF, NBK, Family, Sidian, Energy -KEGN, KPLC, Investments-Olympia.. It's not all OK. The main problem is that KNBS doesn't release job data, which would show the truth. The fact that KRA collected less PAYE tax in 2017 than in the preceding 5 years tells a tale @ Obiero, you are looking at the wrong place, check your status and precisely, and without an iota of doubt, you will realise your bedmate KQueer, has put u in recession for over two yrs now. Anyway, am at church trying to slay the demon that is inside your mate. I could loose all the funds I have in the NSE and survive.. You may note that I am a husband and father. We eat daily, we pay the power and water bills, school fees at a prestigious academy, even go for bi-annual holiday. I lack nothing financial really Ptho! Jaruo yawa!!! In the business world, everyone is paid in two coins - cash and experience. Take the experience first; the cash will come later - H Geneen
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