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Mobile Loans Ponzi
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jmbada
#81 Posted : Friday, January 11, 2019 12:59:44 PM
Rank: Member

Joined: 1/1/2011
Posts: 396
But I do concede that the Central Bank cannot truly control rates.
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tom_boy
#82 Posted : Friday, January 11, 2019 2:06:02 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
tom_boy wrote:
I think this discussion has really digressed. But it has been interesting for me.

I guess a major question to be answered is " Do mobile loans lead to an increase in money supply? "

Money may not be available to the middle class conventional / traditional bank borrower, but has money become more available to the 70% of low income earners that constitute this economy?

Does the typical mobile loan borrower think about interest rates? Would it be a moot point trying to use normal free market logic to say with high borrowing rates, inflation rate will slow down? Of course the premise of this free market theory is that borrowers are rational and will avoid borrowing when rates go up and vice versa. Does this apply to mobile loan applicants?


As a follow up, if we apply a principle that all human beings are the same and aspire to the same things in life, why is it that in states of low interest rates when credit is availed to middle class via conventional bank borrowing, most of the increased money supply goes to consumption.

However, when this same credit is availed to the mobile borrowers we have swallowed the lie that most of this money is going to fund and capitalize hawker and mama mboga businesses. Is this not a great disconnect in thinking and application of economic theory.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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  | | Edit by user: Friday, January 11, 2019 2:07 PM | Reason: Not specified
murchr
#83 Posted : Friday, January 11, 2019 4:53:31 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
tom_boy wrote:
tom_boy wrote:
I think this discussion has really digressed. But it has been interesting for me.

I guess a major question to be answered is " Do mobile loans lead to an increase in money supply? "

Money may not be available to the middle class conventional / traditional bank borrower, but has money become more available to the 70% of low income earners that constitute this economy?

Does the typical mobile loan borrower think about interest rates? Would it be a moot point trying to use normal free market logic to say with high borrowing rates, inflation rate will slow down? Of course the premise of this free market theory is that borrowers are rational and will avoid borrowing when rates go up and vice versa. Does this apply to mobile loan applicants?


As a follow up, if we apply a principle that all human beings are the same and aspire to the same things in life, why is it that in states of low interest rates when credit is availed to middle class via conventional bank borrowing, most of the increased money supply goes to consumption.

However, when this same credit is availed to the mobile borrowers we have swallowed the lie that most of this money is going to fund and capitalize hawker and mama mboga businesses. Is this not a great disconnect in thinking and application of economic theory.


It digressed because you got it wrong from the word go. A mobile loan is not a "quick profit"

if this post didnt help you you cannot be helped http://www.wazua.co.ke/f...amp;m=859027#post859027

By the way, this reminds me of the taxation of facebook and google thread Pray bye
"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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  | | Edit by user: Friday, January 11, 2019 4:57 PM | Reason: Not specified
tom_boy
#84 Posted : Friday, January 11, 2019 5:07:13 PM
Rank: Member

Joined: 2/20/2007
Posts: 767
murchr wrote:
tom_boy wrote:
tom_boy wrote:
I think this discussion has really digressed. But it has been interesting for me.

I guess a major question to be answered is " Do mobile loans lead to an increase in money supply? "

Money may not be available to the middle class conventional / traditional bank borrower, but has money become more available to the 70% of low income earners that constitute this economy?

Does the typical mobile loan borrower think about interest rates? Would it be a moot point trying to use normal free market logic to say with high borrowing rates, inflation rate will slow down? Of course the premise of this free market theory is that borrowers are rational and will avoid borrowing when rates go up and vice versa. Does this apply to mobile loan applicants?


As a follow up, if we apply a principle that all human beings are the same and aspire to the same things in life, why is it that in states of low interest rates when credit is availed to middle class via conventional bank borrowing, most of the increased money supply goes to consumption.

However, when this same credit is availed to the mobile borrowers we have swallowed the lie that most of this money is going to fund and capitalize hawker and mama mboga businesses. Is this not a great disconnect in thinking and application of economic theory.


It digressed because you got it wrong from the word go. A mobile loan is not a "quick profit"

if this post didnt help you you cannot be helped http://www.wazua.co.ke/f...amp;m=859027#post859027

By the way, this reminds me of the taxation of facebook and google thread Pray bye


It is good you remember. Taxation on big data is coming. Like it or not.
They must find it difficult....... those who have taken authority as the truth, rather than truth as the authority. -G. Massey.
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murchr
#85 Posted : Friday, January 11, 2019 5:28:19 PM
Rank: Elder

Joined: 2/26/2012
Posts: 15,980
tom_boy wrote:
murchr wrote:
tom_boy wrote:
tom_boy wrote:
I think this discussion has really digressed. But it has been interesting for me.

I guess a major question to be answered is " Do mobile loans lead to an increase in money supply? "

Money may not be available to the middle class conventional / traditional bank borrower, but has money become more available to the 70% of low income earners that constitute this economy?

Does the typical mobile loan borrower think about interest rates? Would it be a moot point trying to use normal free market logic to say with high borrowing rates, inflation rate will slow down? Of course the premise of this free market theory is that borrowers are rational and will avoid borrowing when rates go up and vice versa. Does this apply to mobile loan applicants?


As a follow up, if we apply a principle that all human beings are the same and aspire to the same things in life, why is it that in states of low interest rates when credit is availed to middle class via conventional bank borrowing, most of the increased money supply goes to consumption.

However, when this same credit is availed to the mobile borrowers we have swallowed the lie that most of this money is going to fund and capitalize hawker and mama mboga businesses. Is this not a great disconnect in thinking and application of economic theory.


It digressed because you got it wrong from the word go. A mobile loan is not a "quick profit"

if this post didnt help you you cannot be helped http://www.wazua.co.ke/f...amp;m=859027#post859027

By the way, this reminds me of the taxation of facebook and google thread Pray bye


It is good you remember. Taxation on big data is coming. Like it or not.


good luck
"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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MaichBlack
#86 Posted : Friday, January 11, 2019 5:39:15 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
murchr wrote:
tom_boy wrote:
tom_boy wrote:
I think this discussion has really digressed. But it has been interesting for me.

I guess a major question to be answered is " Do mobile loans lead to an increase in money supply? "

Money may not be available to the middle class conventional / traditional bank borrower, but has money become more available to the 70% of low income earners that constitute this economy?

Does the typical mobile loan borrower think about interest rates? Would it be a moot point trying to use normal free market logic to say with high borrowing rates, inflation rate will slow down? Of course the premise of this free market theory is that borrowers are rational and will avoid borrowing when rates go up and vice versa. Does this apply to mobile loan applicants?


As a follow up, if we apply a principle that all human beings are the same and aspire to the same things in life, why is it that in states of low interest rates when credit is availed to middle class via conventional bank borrowing, most of the increased money supply goes to consumption.

However, when this same credit is availed to the mobile borrowers we have swallowed the lie that most of this money is going to fund and capitalize hawker and mama mboga businesses. Is this not a great disconnect in thinking and application of economic theory.


It digressed because you got it wrong from the word go. A mobile loan is not a "quick profit"

if this post didnt help you you cannot be helped http://www.wazua.co.ke/f...amp;m=859027#post859027

By the way, this reminds me of the taxation of facebook and google thread Pray bye

Welcome to the sidelines @murchr

Some people will never let facts get in the way of a good argument.
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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Angelica _ann
#87 Posted : Thursday, January 17, 2019 5:09:04 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
Kenya's Safaricom's overdraft service exceeds expectations -CEO https://af.reuters.com/a...fricaTech/idAFL8N1ZH32N
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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  | | Edit by user: Thursday, January 17, 2019 5:10 PM | Reason: Not specified
MaichBlack
#88 Posted : Thursday, January 17, 2019 6:34:31 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
Angelica _ann wrote:
Kenya's Safaricom's overdraft service exceeds expectations -CEO https://af.reuters.com/a...fricaTech/idAFL8N1ZH32N

A billion in 8 days!!!
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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Angelica _ann
#89 Posted : Thursday, January 17, 2019 6:39:01 PM
Rank: Elder

Joined: 12/7/2012
Posts: 11,935
MaichBlack wrote:
Angelica _ann wrote:
Kenya's Safaricom's overdraft service exceeds expectations -CEO https://af.reuters.com/a...fricaTech/idAFL8N1ZH32N

A billion in 8 days!!!


This is crazy innovation. Yet more must be in the pipeline. This is a strong company.
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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MaichBlack
#90 Posted : Thursday, January 17, 2019 8:16:26 PM
Rank: Elder

Joined: 7/22/2009
Posts: 7,845
Angelica _ann wrote:
MaichBlack wrote:
Angelica _ann wrote:
Kenya's Safaricom's overdraft service exceeds expectations -CEO https://af.reuters.com/a...fricaTech/idAFL8N1ZH32N

A billion in 8 days!!!


This is crazy innovation. Yet more must be in the pipeline. This is a strong company.

True. Kudos to them.

Then some fellows start saying it is too big sijui bla bla bla nonsense and needs to broken up!
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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