Q1 GDP coming out at -2.2%, the worst since Q1 2009, reflects that the Ramaphoria optimism has not resulted in any tangible results and likely kept investors complacent.
The rand strength is hard to explain and perhaps it will weaken while investors and portfolio managers digest the impact of these GDP figures on their investments.
Look to pick up the quality rand hedges that have been sol... ››› more
There's nothing I like better at the start of the week than to look back at what happened the week before and ahead to what I expect to happen in the one ahead. It makes me a better trader and investor because I then have an idea of how major news events are affecting the local and international stock market. Here's the lowdown of how last week panned out and what you can expect from the stock mar... ››› more
There's been a divergence between the market and the economy over the last week. As the stock market continues to hit new highs, the economy appears to be heading to new lows.
Local GDP figures came in far lower than expected, growing less than an annualised 1% for the first quarter. Given how bad this number was, the rest of the year will need to be quite strong just to achieve the 2.5% overa... ››› more
If you've been keeping up with the latest controversies in economics, you'll be quite familiar with a Reinhart-Rogoff paper that's recently been debunked. For those that have been watching the end of the Premier League season instead, here's a brief summary…
Reinhart and Rogoff wrote a paper that claimed that if a country’s Debt to GDP ratio went above 90%, economic growth rates would suffe... ››› more
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