So on Friday you respond to my post with:
And then on Monday you decide to respond to it again, with something equally vapid. You’re really fighting the fight bud.
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The ZAR Exchange Rate Thread
- Thread starter Robin Hood
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Sideshow Bob
Honorary Master
You are a democrat and criticizing democrat policies. That is what dems are about. I have mentioned elsewhere that dems are like cats, each with their independent mind. There was no sarcasm even if I understand why you would think so.
Yes. Only a complete idiot would agree with all the policies of their chosen party.
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Nah I think the weakness is based on the news of the SA variant which became a bit sensationalist with worries about vaccine efficacy in combo with the slightly overblown vaccine drama DA made.. still waiting for Steinhuisen to take a jab of Sputnik(which likely hadn’t passed regulatory muster but he suggested it).
This happen prior to US issues which hilariously had people pulling money back into the dollar lol.
Oddly enough now that it’s found in the UK, US, EU etc they all gone a bit quiet but has highlighted SA and news coming out. So people watching what’s going on a bit more closely and the power outages while on vacation mode doesn’t help either.
This happen prior to US issues which hilariously had people pulling money back into the dollar lol.
Oddly enough now that it’s found in the UK, US, EU etc they all gone a bit quiet but has highlighted SA and news coming out. So people watching what’s going on a bit more closely and the power outages while on vacation mode doesn’t help either.
Johnatan56
Honorary Master
This issue was already raised a while ago, doubt it. Was more likely Ramaphosa speech incoming as cases went up.
The extension of lockdown levels would effect it IMO. Market knew it.
I’m probably going to have an alcohol free birthday next month.
Wonder what the bets are for a domestic incident the US.. stories after the fact indicate explosives planted which is not good as it means they were executing a planned seige (that failed or was abandoned?).
Anyway..gonna be interesting if the Jan 20 event is eventful.
Anyway..gonna be interesting if the Jan 20 event is eventful.
Would have to go uneventful for that to happen and a Trump senate vote after blocking his return in future.
Mind you things are getting interesting with talks of some inflation coming.. though this could be bad. Last time US tried and succeeded at doing so was the 70s? When interest rates went up 16% in 80s to quell it.
My point is.. it’s long due with all the QE and feels like they trying to start flames on a hot suffocated coals when a breeze suddenly comes.
That volatility is at least part of the problem with predictions I think. From what I have read (mainly IG) consensus is for USD weakening against other MAJOR currencies. ZAR much more difficult it seems. Relatively good bond returns and some interest in emerging markets may strengthen it then negative covid news, load shedding, ANC vaccine and EWC madness swings it back again? To me it seems out is better but maybe just gut feel.
Time for a great reset of the financial system
A 30-year debt supercycle that has fuelled inequality illustrates the need for a new regime
amp.ft.com
So it’s fascinating to see how the US people are getting worried about inflation when it hasn’t even officially happen. I guess living with many trillion in debt has its problems.
SA okes.. get rid of debt now while interest rates low.. it’s likely to climb end of year and if the scare is real it might climb all the way over the next 5-10yrs.
Ps. I love how the US, EU throw about idea of canceling their debt. Yah like everyone must just accept it so they can restart at 0.
The_Traveller
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Can someone tell me , when will the rand tank ? I need it to hit R16 soon.
AchmatK
Honorary Master
Just after I decide to cash in my funds sitting offshore
Just after I decide to cash in my funds sitting offshore
It only dropped to below R15 recently because I made a move offshore at R15.10 :lol:
agentrfr
Executive Member
It won’t anytime soon.. very likely goes the other way.. at worse it ends the year flat.
Dollar has issues from the insanity of debt levels and new spending keep coming out ($2T infrastructure deal on the table.. if they get this thru with tax changes.. might be a good time to move to the US mid process assuming their inflation remains low (high by their standard.. normal by ours)). Remember that bumps up gdp due to the efficiency gain let alone money pumped back in.
The big pickle they have is that they need to push corp taxes from 35% (Obama) to 21% (Trump) to now 28% (sound familiar? Ours going downward from 2022/3). UK going thru a worse slump same tax out look(upward).
SARS exceeded projections, vaccine plan seems on course on paper even by private sector stats(people on mybb won’t be happy). So unless there is a massive delay on a major shipment or a new variant emerges in SA (as external visitor discouraged) not much surprises.
Assuming anti corruption goes ahead, SARS continues clamp down and some hints of reform (we not even talking MJ or SoEs yet just start doing stuff.. bangs head into wall) SA becomes an interesting place in combo with AU stuff.
But who knows.. tomorrow some country could do something stupid and start a nuclear war haha. World is very unstable lately and we haven’t even talked about climate change. Similarly the US is walking a tight rope with their monetary stuff..
Ps. Don’t mistake short term optimism.. longer term changes need to happen and SA hasn’t done any of it for a long time while politics is our favorite sport. Unless that changes back to being boring and predictable(for the better) it’s still longer term bad. Ie when Cyril has to go.. or maybe he will play 2nd fiddle to bring stability for a 3rd term?
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