Output-gap driven SARB slashes rates by 1%

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By Cees Bruggemans

At a rescheduled MPC meeting today, one of ten to be held this year, the SARB for the third meeting in a row slashed interest rates, with prime falling by 1% to 13%.

In its statement released after the meeting, the MPC put much emphasis on the extraordinary [...]

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Nouriel Roubini: Public-Private Partnership Investment Program – Will It Work?

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Given how critical Nouriel Roubini has been in the past regarding various government plans to fix the US economy, his take on the new plan of the administration to buy toxic assets is surprisingly positive. This post reports on his reasoning. [...]

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Mark Mobius: Riding the Chinese Ox

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This post updates my previous articles on China by means of comments from Mark Mobius. [...]

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Technical talk: Stocks nearing short-term resistance

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“We think the S&P 500 can still rally up to the 850 – 860 in the near term on the heels of the unwinding of the deeply oversold conditions, the large piles of sideline liquidity and additional money managers are allocating to stocks so as not fall too far behind their benchmarks,” said said technical analyst Kevin Lane in his daily comments. [...]

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Words from the (investment) wise for the week that was (March 16 – 22, 2009)

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The FOMC on Wednesday left the Fed funds range unchanged at zero to 0.25%, but stunned the financial markets with an announcement that it would purchase up to $300 billion in longer-term Treasuries over the next six months. Read all about this and the implications for financial markets in my weekly “Words from the Wise” review. [...]

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Madoff behind bars

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Source: Walt Handelsman, Newsday, March 12, 2009.

 

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