The Federal Reserve says it is going to keep raising interest rates. Wall Street thinks it’s bluffing. This could spell trouble for both of them.
If the money market derivatives are to be believed, the US Fed Reserve will only hike interest rates in January of 2018.
Canada, bucking an international trend that has seen central banks become net buyers of gold since 2010, has sold off all its official gold holdings.
The US Dollar has appreciated against all currencies, including the hapless Rand (what cost R11.40 a month ago is now R12.40). Judging by comments in this article, the trend isn’t going to end anytime soon
Now 90 and with a mind sharpened through obsessive reading, Charlie Munger is rated by some Berkshire followers as even smarter than Warren Buffett himself.
Hi there, Nhlanhla Nene, SA’s new Finance Minister, proves that in politics, nothing is impossible. Two months back, the deputy to Pravin Gordhan looked to be headed for retirement as he was not on the ANC’s official list of National Assembly candidates. Former SA Reserve Bank Governor Tito Mboweni, 41st on that list, was widely … Read more
By Alec Hogg Former SA Reserve Bank Governor Tito Mboweni reacted angrily and then with concern after seeing the Sunday Times newspaper’s front page lead article claiming he had been shafted by President Jacob Zuma’s left wing allies. Mboweni, an adept user of Twitter with more than 60 000 followers, first became aware of the article … Read more
There’s much to be said for personal experience. My first stock market bubble was in 1987. Things were so crazy back then that my employer, Prescon, ran a daily share tipping service. Punters would phone an answering machine which would play my recorded “tip” of the day. They paid the equivalent of R8 000 a month … Read more