By Cees Bruggemans
It has not quite sunk in, except at the SARB.
CPIX is gunning for 12.5%, once past Eskom’s 60% tariff increase. Wage earners and businesses can be expected to desperately defend their real incomes and profit margins.
So give me a 12.5% wage increase, or more moderately, compensate me for the average CPIX inflationof 11% [...]
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| Current call: November 13, 2009 |
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| For those not familiar with John’s latest project, it is called "Conversations with John Mauldin". The most recent Conversation was with Gary Shilling and Donald Coxe. Previous Conversations included the views of Chris Whalen on the banking crisis, Lacy Hunt and Ed Easterling on the fundamentals of the economic crisis, and Nouriel Roubini. Audios and transcripts of the Conversations are being produced. Although an annual subscription for eight Conversations retail at $199, I have negotiated a special price of $149 (-25%) for Investment Postcards readers. To find out more, just click on the image above and enter code JM55 (at the end of the form), which will give you the discounted price. |
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