Archive for January, 2008

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