ZAR ready to slip

[gamma_spike]

http://www.bloomberg.com/apps/news?pid=20601083&sid=a7.Qposeykr0&refer=currency

[richardw]

Good find

[saash]

In makro economics I learned that the only way to stabalise an economy is to turn the direction slowly and steadily. The wild increases of 1% at a time, followed by wild decreases of 1% so close together, will likely destabilise things fairly soon. Its too much cutting, too close together. Govt not seeming to be using other fiscal policies to keep the currency and inflation in check. I think in the next 2 - 3 years we'll see trouble.

[jack12]

good man

[SimonPB]

forget the currency, nothing the gov can do about that (just ask Stals) .. but what else can they do for inflation ??

[DST]

1. Our current resbankers seem to be following auld afrikaner skills in doing too much, too late, every time they fidget with the tiller.

2. Is inflation the friend or the enemy of a government that borrows?

[SimonPB]

inflation is how the gov reduces gov debt ..

[#8]

Good find man!!! I'm keen for Har again - Bounced on the 72ish Gap again!!!!

[#9]

Well done man!!!! A good pic by me thanks to your recommendation. up 8% today so far.