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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (18084)	4/24/2003 7:05:37 PM
From: sea_urchin	Read Replies (2) \| Respond to of 81186

ild > There must be a selling panic on JSE I'm not sure about a selling panic because there are very few "ordinary" investors left on the JSE these days. But, prices certainly came down a lot especially of the mining, resources and rand hedge stocks. In fact, one might say there was a bloodbath. For your interest, here's the opinion of a well-known local idiot who is rejoicing at the rand's strength. (You might also find the opinions at the end of the article amusing). m1.mny.co.za And this is the opinion of our reserve bank governor (someone who could be likened to the Greenspan of Africa) m1.mny.co.za As you see, his only concern is with inflation, which is running at over 12% pa --- and which is the result of his excessive money supply. If it wasn't so serious it would actually be funny to see, while the SA economy is being squeezed to Hell, idiots, who have no understanding either of inflation or of the consequences of the appreciating rand, are busy pontificating about the "well managed" South African economy --- and patting themselves on the back for it. m1.mny.co.za The best local sites which offer free info about shares are sharenet.co.za iii.co.za