Category: Economics
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Greenspan or Buffett? Asia Mulls Who’s Right
Even though his bet against the dollar cost him $310 million in the first quarter alone, Warren Buffett is sticking with it. Alan Greenspan seems less worried about the world’s top currency. Who’s Asia to trust when the two most revered U.S. gurus in this region are at odds? The issue is far from academic,…
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Now’s the time to make that offshore investment
By Renée Bonorchis Johannesburg – Local might be lekker, but with the rand dollar at levels of R6 and below for over two months, it’s a good time to invest offshore, according to market experts. The Association for Collective Investments, which monitors the unit trust industry, said this week that private investors earmarked more than…
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What Do The Numbers Really Mean? Uncovering the Secrets of Economic Indicators
An economic drama is playing out as you read this, one whose next act is about to unfold. It began quietly enough on Thursday, Jan. 6, when the U.S. Department of Labor issued its weekly report on first-time unemployment-insurance claims. It found that 364,000 workers filed initial claims for unemployment benefits for the week ending…
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About Leading Economic Indicators
Whenever you hear the term ‘sector rotation’ in equity markets, you can be sure there are important things changing in the macro picture. As you know, the big picture today is one of a return to global economic growth, and higher commodity prices and interest rates. Now, it’s pretty hard to have economic growth without…