Archive for January, 2008

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Thursday, January 31st, 2008

South African Reserve Bank keeps rates on hold


By Kevin Lings
The Reserve Bank decided today to leave the Repo rate unchanged at 11.0%. This was in line with market expectations. Only one or two analysts had expected a rate hike.
In deciding to leave rates unchanged the MPC made the following key points:
Economic conditions:

•

The international environment has become increasingly uncertain and volatile. The slowdown [...]

No Comments » - Posted in South Africa by Prieur du Plessis
Wednesday, January 30th, 2008

For everything else …


A BUGATTI VEYRON:

£899,995
BUYING AMBAC AND MBIA AT CURRENT MARKET PRICES:

$3 billion
CREATING A GOVERNMENT ENTITY TO BUY UP DODGY MORTGAGE DEBT:

$10 - $20 billion (Yeah, right)
BAILING OUT AN OVER-LEVERED MORTGAGE LENDER:

£25 - £55 billion
WRITING DOWN YOUR HOLDINGS OF STRUCTURED CREDIT TO PROPER VALUE:

$120 billion (and counting)
BEING LONG GAMMA THIS WEEK:

PRICELESS
THERE ARE SOME THINGS THAT MONEY (ALMOST) [...]

No Comments » - Posted in Humor by Prieur du Plessis
Wednesday, January 30th, 2008

South Africa’s political landscape made easy …


Click on the thumbnail for a larger image:

No Comments » - Posted in South Africa by Prieur du Plessis
Wednesday, January 30th, 2008

The US economy, according to the Prez


Source: Stuart Carlson, Slate, January 29, 2008.

No Comments » - Posted in Humor by Prieur du Plessis
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