Rand firms even as reserves approach $40 billion

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By Cees Bruggemans, Chief Economist FNB

During August our gross foreign reserves jumped by $2bn to $38bn even as the Rand firmed through 7.70:$.

Yet the reserve gain wasn’t due to SARB forex accumulation.

Instead, the reserve gain was all bookkeeping, mainly getting SDR 1.4bn from the IMF (dishing out [...]

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Prieur’s readings (September 14, 2009)

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This post provides links to a number of thought-provoking articles I have read over the past few days that you may also find interesting. Please also add the links to any other worthwhile articles you would like to share to the comments section. [...]

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Friday Look In
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Interview with John Mauldin

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This post features an interview with John Mauldin by Damien Hoffman of the very popular Wall St Cheat Sheet blog. [...]

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Start selling stocks?
Europe credit markets imploding! Why it matters to YOU!
Read more on 2007 Credit Crunch at Wikinvest
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Hatzius on US growth, rates and economists

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This post features a three-part video interview with Jan Hatzius, chief US economist for Goldman Sachs, by Aline van Duyn, FT US Markets Editor. Whether you like Goldman or not, Hatzius is worthwhile viewing material. [...]

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3 Big Banks Report Earnings: What You Need To Know
5 Wall Street Banks Finally Slashing Bonuses
Read more on Chun Yuan Steel, Goldman Sachs Group, Cheung Kong (HLDGS) at Wikinvest
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We’re laying you off …

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Another brilliant take on the economy by top cartoonist Tom Toles. [...]

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I’m back …

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I have just returned from a very successful visit to Slovenia and will share some thoughts about this hidden “jewel” of Europe later in the week, but suffice to say for the moment that this was one of my most successful overseas trips ever. My normal Sunday “Words from the Wise” review will be back next week, but in the meantime I have put together a few posts I thought may be of interest to readers. [...]

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