The ZAR Exchange Rate Thread

[rietrot]

Recession thing depends on how they handle it.. if they do what they’ve done in recent years ie cheapen money and not let their economy faulter/crash then yes, SA and every emerging market will sink deeper in trouble.

I reckon this may be the last time they can buy their way out and if they do, they can’t have a war anytime soon as they won’t be able to fund and extended war. I’m pretty sure opponents are aware of this.

Well if people embrace negative rates they can buy their way out of it forever.

 

[krycor]

Well if people embrace negative rates they can buy their way out of it forever.

Well the US FED have decided to continue their daily repurchase agreement, or repo, operations, offering at least $75 billion a day in daily cash injections through Nov. 4.

So much for it being a few days only hey. People still want to claim everything is fine? I reckon the music has stopped playing and those in the know are moving to the seats while the others are still humming along without the music..

 

[BBSA]

Well the US FED have decided to continue their daily repurchase agreement, or repo, operations, offering at least $75 billion a day in daily cash injections through Nov. 4.

So much for it being a few days only hey. People still want to claim everything is fine? I reckon the music has stopped playing and those in the know are moving to the seats while the others are still humming along without the music..

I would say the FED has restarted the music with the daily repurchase agreements.

 

[krycor]

I would say the FED has restarted the music with the daily repurchase agreements.

With unpaid musicians..

Something fun to watch

Notice when things happen.. and then evaluate what’s happening now. History is literally lining up for a round 2 two of forgotten lessons.

 

[rietrot]

With unpaid musicians..

Something fun to watch

Notice when things happen.. and then evaluate what’s happening now. History is literally lining up for a round 2 two of forgotten lessons.

Stock buybacks is a good thing. There's nothing wrong with it. That's socialist propaganda.

 

[John Tempus]

Stock buybacks is a good thing. There's nothing wrong with it. That's socialist propaganda.

Nothing wrong with stock buybacks as long as it does not come with issuing more shares beforehand but it does turn into a liquidation ponzi scheme when they water down their shares by issuing more shares which in turn then gets bought back and in failing companies this might bump up the price a bit and make it look as if its healthy. It simply makes the company look better while essentially taxing every other early share holder with essentially inflation forced on them.

 

[Arthur]

Nothing wrong with stock buybacks as long as it does not come with issuing more shares beforehand but it does turn into a liquidation ponzi scheme when they water down their shares by issuing more shares which in turn then gets bought back and in failing companies this might bump up the price a bit and make it look as if its healthy. It simply makes the company look better while essentially taxing every other early share holder with essentially inflation forced on them.

Which public company just issues more shares before a buy back? Releasing already issued shares to market is not issuing more shares. A stock split (eg 3 for 2) apples to all shareholders so there's no dilution.

 

[JayM]

...and we're back at R15.

 

[Mista_Mobsta]

...and we're back at R15.

Strap in as the next 2 months is going to be rough rough...

 

[Segg]

...and we're back at R15.

Yup, ENCA reporting 14.63 before the speech, 14.93 after... Their reasoning was the state of the economy is worse than expected, hence investors selling off Rands

 

[Swa]

We already knew things were bad.

 

[Segg]

I'm thinking of dressing up as a Moody's employee for Halloween tomorrow - I'll pay a visit Luthuli House and Chancellor House

 

[BBSA]

We already knew things were bad.

It is worse than the market expected.

 

[Swa]

It is worse than the market expected.

Then the market didn't listen to anything that was said the last few months and weeks. There's literally nothing new in the speech.

 

[SaiyanZ]

Yeah I'm also surprised that the market is surprised by this news.

 

[BBSA]

Then the market didn't listen to anything that was said the last few months and weeks. There's literally nothing new in the speech.

Have a look at this graph, it is absolutely shocking:

 

[ArtyLoop]

Have a look at this graph, it is absolutely shocking:
View attachment 733063

The ANC are so proud of this, I can hear Zuma's trademark "HE HE HE" in the background.

 

[d0b33]

I don't think the markets are surprised. This all seems expected.

 

[Swa]

Have a look at this graph, it is absolutely shocking:
View attachment 733063

It is. And it's also at least a week old.

This is investors asleep at the helm that got caught by a condensed version of our grim outlook.

 

[JayM]

It is. And it's also at least a week old.

This is investors asleep at the helm that got caught by a condensed version of our grim outlook.

I think the words "exchange controls" got everyone freaked out.