Archive for April 15th, 2008

Daily Archive
Tuesday, April 15th, 2008

Video: Paul Volcker on the “mother of all crises”

This post comprises a number of must-see video clips recorded during former Fed chairman Paul Volcker’s address of last week to the Economic Club of New York on the credit crises and related matters. Volcker, who headed up the Fed from 1979 to 1987, said the credit crisis is the “mother of all crises” and the modern financial system has “failed the test of the market-place”.

1 Comment » - Posted in Money, Markets, Investment by Prieur du Plessis
Tuesday, April 15th, 2008

Underappreciated!

By Philipp Wörz
All of us have had moments of regret.
Thoughts like, “I should have bought that beachfront property in 2001”, “Why didn’t I buy that wine farm in Stellenbosch” or “Why did I marry that ogre?’ may have crossed your mind. The same goes for financial investments and, in that department – nodisrespect - I […]

No Comments » - Posted in South Africa by Prieur du Plessis
Tuesday, April 15th, 2008

SARB ups by 0.5% as CPIX concern deepens

By Cees Bruggemans
The SARB today announced another 0.5% increase in interest rates, with prime set to increase to 15%. This is the ninth such increase since mid-2006.
With CPIX inflation at 9.4% and still likely to rise further, pushed along by rising commodity prices (oil and food especially), a weaker rand (16% down this year) and […]

No Comments » - Posted in South Africa by Prieur du Plessis