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Source: Barry Ritholtz, The Big Picture.
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The global credit crisis has moved South Africa’s dependency on global capital flows to centre stage, especially as the country’s risk rating has been downgraded by three of the world’s four large credit-rating agencies. Given South Africa’s high current account deficit, this news is cause for concern. The current account deficit [...] More on this topic (What's this?) Dr. Peter Morici: US records huge Current Account Deficit; Heightens risk of Depression (The Cynical Economist, 12/17/08) Recessionary US Economy Will Limit Dollar Recovery (Contrarian Profits, 8/18/08) Quote of the Day (In The Money, 12/8/11)
The November edition of Donald Coxe’s monthly investment report, entitled “Basic Points”, has just been published and is shared in this post. Although he argues that it will be a long time before complacency returns, he is of the opinion that the “era of fear” will probably end soon. [...] More on this topic (What's this?) The Commodities Supercycle (Investment U, 2/2/12) Glencore International, Xstrata Could Make the Next Biggest Deal in Global Commodities (Money Morning, 2/2/12) Why Most of the Investment Advice You’ve Heard is Wrong (Investment U, 1/20/12)
Source: Barry Ritholtz, The Big Picture.
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