SSA data mess-up caused rate hikes!!!!!!!

DJStealth said:
especially considering the fact that he completely avoided on numerous occasions answering whether Investec was correct or not
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That may be the most telling point of all. Makes me think they might be right after all.
 
Yet he still indicated that he would raise interest rates - this is all a little bit crazy. I made a fortune on the markets today and I am just worried about tomorrow. I feel I want to get out of financials in a hurry before profit taking starts...
 
DJStealth said:
Anyone hear Tito's live comments on 702? I was utterly disappointed with his childish attitude. I usually have the utmost respect for the man but he lost a few points today. Stating that he wouldnt speak with Investec's CEO, and neither would his senior economists. He reckons he might let his junior economists speak to him. What a tosser. Dialogue is key twit! And Investec DID submit their findings to StatsSA as did numerous other financial institutions.

He even went as far as to say that that he reckons it is a conspiracy by Investec to push up its share price, and then in the same breath said that was not an accusation of anything. I was disgusted by his childish reaction, especially considering the fact that he completely avoided on numerous occasions answering whether Investec was correct or not. He used his time on air to lambaste Investec instead of answering the issues raised...
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How many hankey's did he use while speaking?
 
DJStealth said:
Yet he still indicated that he would raise interest rates - this is all a little bit crazy.
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Not necessarily, if you look at it from the viewpoint that they may actually believe the interest rates should have been much higher already anyway, but that they perhaps bowed to pressure to keep them low. (I don't know though, just speculating.)
 
Turtle said:
That may be the most telling point of all. Makes me think they might be right after all.
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Mboweni makes the point that he can only use the official data to make his decisions. Which is the fair point to make in that which bank should he go with if the various banks come with differing forecasts.

His junior economist comment was out of hand though. But don't forget that even Azir Jaminie immediately said he tends to agree with Mboweni.
 
And again I ask why did they not make the same noise with regard to PPI which would have had to rise at the time when StatsSA followed the same process? I really do believe that this is a marketing strategy on Investec's part given that there are other economists who made similar claims.
 
Masters in Economics my dear fellow. Forget which branch of Ecos he chose.

EDIT: Development Economics
 
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from where? University of Unknown Obscure place backwater Origin USA Virgin Islands Cuba Guantanomo Panama?...leik all his combrades ala Mugabi
 
so who is taking blame? nobody once again?
now, what about all the millions spent and decisions made (like myself) because of incorrect stats?
 
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