Wazua
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Madness at the NSE
Rank: Veteran Joined: 9/18/2014 Posts: 1,127
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Sufficiently Philanga....thropic wrote:NSE Bulls to reclaim 2000pts on the NSE20 today. But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forward  NSE20 closed at 2013. Badly needed relief rally. NFP was a 700,000 job loss which beat estimates of 100,000 loss seven fold, but given the jobless claims yesterday it isn't much of a surprise. April will be much worse. The main purpose of the stock market is to make fools of as many people as possible.
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Rank: Elder Joined: 9/23/2010 Posts: 2,225 Location: Sundowner,Amboseli
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lochaz-index wrote:Sufficiently Philanga....thropic wrote:NSE Bulls to reclaim 2000pts on the NSE20 today. But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forward NSE20 closed at 2013. Badly needed relief rally. NFP was a 700,000 job loss which beat estimates of 100,000 loss seven fold, but given the jobless claims yesterday it isn't much of a surprise. April will be much worse.  @SufficientlyP
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Rank: Member Joined: 7/6/2018 Posts: 175 Location: Kinshasa
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https://www.cma.or.ke/in...s-center&Itemid=207
CMA/NSE being pragmatic...or are they indirectly looking out for their own interests  If it don't make dollars, it don't make sense
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Rank: Chief Joined: 1/3/2007 Posts: 18,346 Location: Nairobi
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Balaa wrote:https://www.cma.or.ke/index.php?option=com_content&view=article&id=621:cma-nse-and-cdsc-press-release-on-response-to-coronavirus-effects-03042020&catid=12:press-center&Itemid=207 CMA/NSE being pragmatic...or are they indirectly looking out for their own interests It doesn't seem to address GoK firms eg Kenya Re as concerns submission of audited accounts but are parastatal accounts considered "valid" without the AG signing off? Is there anyone with a different view? Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett
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Rank: Member Joined: 6/1/2017 Posts: 288
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Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote:NSE Bulls to reclaim 2000pts on the NSE20 today. But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forward NSE20 closed at 2013. Badly needed relief rally. NFP was a 700,000 job loss which beat estimates of 100,000 loss seven fold, but given the jobless claims yesterday it isn't much of a surprise. April will be much worse. Yes April will be a catastrophe.In the last 2 weeks over 10 million Americans filed for unemployment claims.Its expected every week the numbers will be higher so April's non farm payroll report maybe in the millions. What about in Kenya where the mass poor who are and will be out of work in the coming weeks?Since we dont have a similar unemployment claims scheme like Western countries,what will happen to our poor folks?Not that the West is rich enough to pay off unemployed citizens.Their central banks are just printing money for these bailouts.Should Opus Dei do the same? Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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slick wrote:Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote:NSE Bulls to reclaim 2000pts on the NSE20 today. But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forward NSE20 closed at 2013. Badly needed relief rally. NFP was a 700,000 job loss which beat estimates of 100,000 loss seven fold, but given the jobless claims yesterday it isn't much of a surprise. April will be much worse. Yes April will be a catastrophe.In the last 2 weeks over 10 million Americans filed for unemployment claims.Its expected every week the numbers will be higher so April's non farm payroll report maybe in the millions. What about in Kenya where the mass poor who are and will be out of work in the coming weeks?Since we dont have a similar unemployment claims scheme like Western countries,what will happen to our poor folks?Not that the West is rich enough to pay off unemployed citizens.Their central banks are just printing money for these bailouts.Should Opus Dei do the same? We are a third world country. Can't print money Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Member Joined: 6/1/2017 Posts: 288
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Ericsson wrote:slick wrote:Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote:NSE Bulls to reclaim 2000pts on the NSE20 today. But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forward NSE20 closed at 2013. Badly needed relief rally. NFP was a 700,000 job loss which beat estimates of 100,000 loss seven fold, but given the jobless claims yesterday it isn't much of a surprise. April will be much worse. Yes April will be a catastrophe.In the last 2 weeks over 10 million Americans filed for unemployment claims.Its expected every week the numbers will be higher so April's non farm payroll report maybe in the millions. What about in Kenya where the mass poor who are and will be out of work in the coming weeks?Since we dont have a similar unemployment claims scheme like Western countries,what will happen to our poor folks?Not that the West is rich enough to pay off unemployed citizens.Their central banks are just printing money for these bailouts.Should Opus Dei do the same? We are a third world country. Can't print money @Ericsson.Exactly.If we start mass printing money like the first world nations we become Zimbabwe.Developed nations can do it and have been doing it since 2008 GFC and so far have been getting away with it due to strong demand of their currencies and people assume there is no alternative to using their currencies especially the US dollar.Inevitably the first world money printing madness will come to bite them also.When that will happen I dont know but it seems we are getting closer Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Member Joined: 6/1/2017 Posts: 288
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slick wrote:Ericsson wrote:slick wrote:Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote:NSE Bulls to reclaim 2000pts on the NSE20 today. But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forward NSE20 closed at 2013. Badly needed relief rally. NFP was a 700,000 job loss which beat estimates of 100,000 loss seven fold, but given the jobless claims yesterday it isn't much of a surprise. April will be much worse. Yes April will be a catastrophe.In the last 2 weeks over 10 million Americans filed for unemployment claims.Its expected every week the numbers will be higher so April's non farm payroll report maybe in the millions. What about in Kenya where the mass poor who are and will be out of work in the coming weeks?Since we dont have a similar unemployment claims scheme like Western countries,what will happen to our poor folks?Not that the West is rich enough to pay off unemployed citizens.Their central banks are just printing money for these bailouts.Should Opus Dei do the same? We are a third world country. Can't print money @Ericsson.Exactly.If we start mass printing money like the first world nations we become Zimbabwe.Developed nations can do it and have been doing it since 2008 GFC and so far have been getting away with it due to strong demand of their currencies and people assume there is no alternative to using their currencies especially the US dollar.Inevitably the first world money printing madness will come to bite them also.When that will happen I dont know but it seems we are getting closer Though I think its almost obvious that Kenya will also be as afflicted with Covid-19 as Italy and the USA.Its inevitable we shall get there in the next few weeks and we are much less capable than developed nations to deal with this.When this catastrophe hits,Opus Dei will have no choice but to mass print KES to bailout GoK and corporations.What that does to the Kenya Shilling could be dire Contrarian Investor and Trader.Advocate of free markets,limited government interference in the economy and sound money
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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slick wrote:slick wrote:Ericsson wrote:slick wrote:Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote:NSE Bulls to reclaim 2000pts on the NSE20 today. But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forward NSE20 closed at 2013. Badly needed relief rally. NFP was a 700,000 job loss which beat estimates of 100,000 loss seven fold, but given the jobless claims yesterday it isn't much of a surprise. April will be much worse. Yes April will be a catastrophe.In the last 2 weeks over 10 million Americans filed for unemployment claims.Its expected every week the numbers will be higher so April's non farm payroll report maybe in the millions. What about in Kenya where the mass poor who are and will be out of work in the coming weeks?Since we dont have a similar unemployment claims scheme like Western countries,what will happen to our poor folks?Not that the West is rich enough to pay off unemployed citizens.Their central banks are just printing money for these bailouts.Should Opus Dei do the same? We are a third world country. Can't print money @Ericsson.Exactly.If we start mass printing money like the first world nations we become Zimbabwe.Developed nations can do it and have been doing it since 2008 GFC and so far have been getting away with it due to strong demand of their currencies and people assume there is no alternative to using their currencies especially the US dollar.Inevitably the first world money printing madness will come to bite them also.When that will happen I dont know but it seems we are getting closer Though I think its almost obvious that Kenya will also be as afflicted with Covid-19 as Italy and the USA.Its inevitable we shall get there in the next few weeks and we are much less capable than developed nations to deal with this.When this catastrophe hits,Opus Dei will have no choice but to mass print KES to bailout GoK and corporations.What that does to the Kenya Shilling could be dire Opus Dei and his team are begging IMF and World Bank for $$,€€ and Yen. The problem is we are a majorly importing nation so we need more hard currencies. Scales can be tilted if we manufacture critical items needed to fight Corona like masks,PPEs and they are in short supply in the western countries Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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Rank: Elder Joined: 12/4/2009 Posts: 10,804 Location: NAIROBI
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slick wrote:Ericsson wrote:slick wrote:Sufficiently Philanga....thropic wrote:lochaz-index wrote:Sufficiently Philanga....thropic wrote:NSE Bulls to reclaim 2000pts on the NSE20 today. But negative figures on the Non Farm Payroll (NFP) due in an hours time may just spoil the party going forward NSE20 closed at 2013. Badly needed relief rally. NFP was a 700,000 job loss which beat estimates of 100,000 loss seven fold, but given the jobless claims yesterday it isn't much of a surprise. April will be much worse. Yes April will be a catastrophe.In the last 2 weeks over 10 million Americans filed for unemployment claims.Its expected every week the numbers will be higher so April's non farm payroll report maybe in the millions. What about in Kenya where the mass poor who are and will be out of work in the coming weeks?Since we dont have a similar unemployment claims scheme like Western countries,what will happen to our poor folks?Not that the West is rich enough to pay off unemployed citizens.Their central banks are just printing money for these bailouts.Should Opus Dei do the same? We are a third world country. Can't print money @Ericsson.Exactly.If we start mass printing money like the first world nations we become Zimbabwe.Developed nations can do it and have been doing it since 2008 GFC and so far have been getting away with it due to strong demand of their currencies and people assume there is no alternative to using their currencies especially the US dollar.Inevitably the first world money printing madness will come to bite them also.When that will happen I dont know but it seems we are getting closer That is why we have G8, The currency of IMF and World Bank is the SDR. SDR is a basket of currencies which have different weightings. If the dollar goes down its replacement will be one of the currencies in the SDR. Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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