Justin’s note: Is China taking over Africa? A lot of folks are asking themselves this question, and for good reason. You see, China’s pulling resources out of the ground in Africa at an alarming rate. Not only that, Chinese people are pouring into the continent by the boatload. That said, it’s not all “bad news.”… Read More
For years, in fact for the duration of the US dollar’s use as a global carry currency, Emerging Markets – especially those with a currency peg – were a welcome destination for yield starved US investors who found an easy source of yield differential pick up. All that came to a crashing halt first after… Read More
Back in November, still smarting from a year he would rather forget, Russell Clark and his Horseman Capital, i.e. the “world’s most bearish hedge fund” unveiled what he would short next: according to Clark, the next major source of alpha would be shorting fallen angel bonds, or those investment grade companies in danger of being… Read More
The price of cheap dollar-debt. Just when you think Argentina’s financial crisis can’t get worse, it gets a whole lot worse. In order to halt the peso from collapsing further, the IMF, after some serious begging from the government, had agreed to a $50-billion bailout package in June, to be disbursed in increments. In addition,… Read More
JOHANNESBURG — Here’s a really interesting initiative that should receive all the support it can get. An organisation called Bookboon SA is providing access to free textbooks in the country. What’s interesting about it is that it uses an advertising model to support the costs of the free textbooks. It really looks like great out-of-the-box… Read More
Authored by Elizabeth Lea Vos, via Disobedient Media, The death of hope can push us into a very dark place, but that darkness is the birth canal of real change… The Dream For some people, hope came in the form of a red hat, with stenciled letters embracing their foreheads promising to Make America Great… Read More
By Justin Spittler, editor, Casey Daily Dispatch The Vanguard Group has thrown in the towel on gold. And that has massive implications for the gold market. But not in the way most investors think. As you’re about to see, Vanguard’s decision could be extremely bullish for gold. I’ll tell you why in a second—and why… Read More
Reinet’s share buyback scheme is intended to protect small shareholders from the 40% discount. Chairman Johann Rupert’s inspiration came from an unlikely source. This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for free 30 day trial (card details required; WSJ access only available… Read More
As South African President Ramaphosa’s ‘land reform’ plans begin to confiscate white farmer-owned lands with no compensation, the rhetoric on both sides of the policy are beginning to signal little hope of avoiding direct inter-racial conflict, or another civil war. Ramaphosa insists: “This is no land grab. Nor is it an assault on the private… Read More
My weekend was spent absorbing a book all South Africans should read. Especially after the apparent suicide of co-author Mark “Max” Minnie two weeks ago. This book is a powerful reminder, especially for those who lived through the apartheid era, that there is so much we don’t even know that we don’t know. The Lost… Read More
Caitlin Johnstone Sends John McCain to Hell Where He Belongs And Is Certainly Headed https://caitlinjohnstone.com/2018/08/24/do-not-let-them-make-a-saint-of-this-asshole/ The post Caitlin Johnstone Sends John McCain to Hell appeared first on PaulCraigRoberts.org. Source: paulcraigroberts.org
While the stock market could indeed be in the most extended bull market in history, there are new, troubling signs that the real economy is faltering. A new report has sounded the alarm about the pace of hospital closures across the country. It says there are several factors pressuring margins at hospitals that are contributing to the… Read More
CAPE TOWN — One is tempted to ask what Donald Trump is playing at by arbitrarily saying he’s instructing his Secretary of State, Mike Pompeo, to probe South Africa’s land and farm seizures. Is his embassy in South Africa dysfunctional or are his globally renowned intelligence agencies operating below par? Neither is likely, which surely… Read More
Authored by Sylvain LaForest via Oriental Review, Read Part 1 here… Read Part 2 here… The unpleasant reality In a secret meeting on August 14 1940 on the USS Augusta, Churchill asked Roosevelt to join the war, but the American President categorically refused to discuss this topic. In fact, no meaningful step had been taken… Read More
(Bloomberg) — South Africa’s National Union of Mine workers, the biggest labor group at gold mining companies in the country, said it’s deadlocked over pay with the producers after numerous rounds of negotiations.“We have reached a stage whereby we understand that the employers are not prepared to give a better offer to the employees” The… Read More
It should come as no surprise that on Wednesday, this officially becomes the longest-ever bull market in US history. The US economy is thriving, unemployment is at previously unthinkable lows, yet inflation is well-contained. This article is exclusive to Biznews Premium. Members please login here. Not yet subscribed? Taste before you eat by signing up here for… Read More
University of Cape Town CAPE TOWN — Sometimes the essence of a debate is best contextualised and summarised by an intermediary or perhaps more accurately here, facilitator, which is the role veteran journalist and political observer Ed Herbst plays for UCT’s most outspoken anti-Fallist academic, Professor Tim Crowe. That anarchy was allowed and freedom of… Read More
South Africa’s white farmers have been desperately trying to sell their lands at record pace ahead of planned government land seizures, according to a local farmer’s union. However, there are no buyers. As Ryan Martinez writes for PlanertFreeWill.com, tensions among the country’s white farming community have been rising since the election of Cyril Ramaphosa who… Read More
It’s almost five years since I started using some life hacks shared by bestselling writer and gifted teacher Robin Sharma. They’ve changed my life for the better. The best of them was his advice to rise early: Sharma is up at 4:45 for some exercise, journaling, reading and planning the next 24 hours. Since starting a routine… Read More
Despite last Friday’s sharp risk rebound after a WSJ report that the US and China are hoping to end the ongoing trade dispute with a November summit, the overnight session started off with risk largely subdued and on the back foot with US futures unchanged ahead of Friday’s Jackson Hole meeting (and FOMC and ECB… Read More