South African PMI surges in September

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By André Coetzee, Kagiso Securities.

After remaining stuck below 40 index points between February and August 2009, the seasonally adjusted Kagiso PMI posted the second biggest monthly increase on record (8.7 points) to reach 48.0 during September. The latest reading is the highest since May 2008 and indicates that SA’s manufacturing sector […]

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Cautious SARB feeling its way forward

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By Cees Bruggemans, Chief Economist FNB

Are we really fighting inflation?

There are times when understanding inflation is easy. Big demands are placed on all resources, shortages arise, profit margins can be inflated, cost and price increases easily passed on, in a spiraling kind of way.

Expectations of accelerating price […]

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Jim Chanos in the spotlight

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James Chanos is a legendary American hedge-fund manager and president and founder of Kynikos Associates, a New York City investment company focused on short selling. This post features Chanos being interviewed by Rob Johnson of New Deal 2.0. […]






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Koo: Government fulfilling necessary function

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Richard Koo says the US will have an all-out recession if government spending and the budget deficits are cut back before the balance sheets of consumers have been restored and they start buying again. Read on for some comments from the author of “Balance Sheet Recession”. […]






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Joseph Stiglitz on camera

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James Surowiecki spoke with Professor Joseph Stiglitz, the Nobel Prize-winning economist, about the mishandling of the financial crisis, the relationship between government and markets, and the future of capitalism around the world. Click through for the clip … […]






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Could you spare a stimulus package?

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Have we created an entire stimulus culture? […]






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