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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: |
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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: […]
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The big moment has arrived – a new-look blog site for Investment Postcards from Cape Town! Since launching my international investment blog at the middle of last year, traffic has increased measurably, causing me to revamp the site. Let’s raise a glass to memorable (and profitable) market moments! […]
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