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A ton of doubt … Sentiment deteriorated further during the past week as oil prices rebounded, more bad news in the financial sector surfaced, economic woes mounted and inflationary pressures intensified, compounding already-jittery investors’ anxiety. Read all about this in my weekly review, highlighting some thought-provoking news items and quotes from market commentators during the past week. [...]
By Kevin Lings For a number of months we have been highlighting the enormous and increasing pressure on the consumer. This follows a four-year period of astounding growth in consumer income and spending, as well as an unprecedented increase in consumer debt. The release of the Q1 2008 SARB Quarterly Bulletin yesterday [...]
By Kevin Lings In Q1 2008 South Africa recorded another shock current account deficit, equivalent to 9.0% of GDP. This compares with a deficit of 7.5% of GDP in Q4 2007 and 8.1% of GDP in Q3 2007. In value terms, the current account deficit widened to a record R194.7 billion from [...] More on this topic (What's this?) Chart of the day: current account deficit (Credit Writedowns, 5/17/08) Recessionary US Economy Will Limit Dollar Recovery (Contrarian Profits, 8/18/08) Quote of the Day (In The Money, 12/8/11)
This post reports on an interview of The Globe and Mail with highly regarded money manager Jeremy Grantham. He discusses the lie of the investment land, providing some stimulating and thought-provoking input. In short, it may not be 1929 all over again, but he sees no quick end to the pain. [...]
By Cees Bruggemans As we approach midyear, the global and local scenes are still upping the ante daily. Locally, we have just increased interest rates for the tenth time by 0.5% in two years, prime rising to 15.5%, with more increases likely. Perhaps not many more, but enough to turn yesterday’s [...] More on this topic (What's this?) The Five Factors Moving Oil Prices This Year (Investment U, 1/10/12) 2012 Oil Price Outlook: How to Profit From $150 Oil (Money Morning, 1/6/12) Iran’s Oil Blockade Threat Causes First Price Spike of 2012 (Wall Street Daily, 1/6/12)
By Shaun le Roux Equity markets around the world are struggling. Most markets are down in 2008 and are not significantly above their lows earlier this year. The Shanghai Composite in China is more than 50% down on its October 2007 high. Equity markets have had to grapple with a [...] | ||||||||||||||||||||||||||||||||||||||||||||||
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