Archive for September 3rd, 2008

Daily Archive
Wednesday, September 3rd, 2008

Spare me a quadrillion – only in a land of zeros


A check for Z$1.072 quadrillion, drawn on the MBCA bank in Zimbabwe, has just crossed my path. The sad truth of hyperinflation is that this astronomical number equates to only a tiny amount of US dollars.

7 Comments » - Posted in Currencies, Markets, Money by Prieur du Plessis
Wednesday, September 3rd, 2008

Devil’s Dictionary for Financial Markets


There is nothing like a good dose of humor to cheer one up from the otherwise depressing economic situation. The honors go to Norgate Investor Services who compiled the amusing Devil’s Dictionary for Financial Markets, the A to Z of satirical investment definitions.

No Comments » - Posted in Investment, Markets, Money by Prieur du Plessis
Wednesday, September 3rd, 2008

Priced for perfection


By Cees Bruggemans
Most of our economic forecasts now look suspiciously priced for perfection, reflecting a bet that inflation will plunge and interest rates will come off.
But will these two indicators perform as billed?
CPIX inflation is supposed to plunge from its imminent 13.5% 3Q 2008 peak, already going into single digits from January 2009, [...]

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