My Chat to Investment Analyst re: US Economy Vs SA Economy & long term Rand/$ rate
(005875.811-:E-000062.43:N-AC:R-SU:C-30:V)
I was checking with an investment analyst whom I know and trust here in SA regarding the long term effects of the COVID lockdown as well as the long term status of the Rand Vs the US Dollar.
The feedback is interesting. I had been told, about 2 years ago, that the long term trend for the Rand is an average fall of 4% or 4.5% per annum against the US Dollar. So I wanted to check to see if this pace has picked up due to the COVID lockdown. Interestingly the analyst does not think the long term COVID lockdown will have any effect and that the economy will bounce back. Interestingly, the analyst confirms my suspicions that the US economy is constantly growing faster than the South African economy.
This was the reply:
There are no specific Covid-19 effects as the rand will still react primarily to underlying fundamentals and interest and inflation rates. Since our economic growth is lower than the US and our interest and inflation rates are still higher, the long term trend is still in place. (Events like Covid-19 tend to have a short / medium term effect only.
Get a Free PDF Book: ATTACKS AND MURDERS OF THE WHITE POPULATION OF SOUTH AFRICA
This is the first time that someone has produced a comprehensive book showing the horror of what is happening to Whites in South Africa. It even includes some really nasty, raw crime scene photos of attacks on Whites, especially the farmers. This is the most comprehensive report I have ever seen regarding what is happening to Whites in S. Africa.
Get a Free PDF Book: The Battle for Rhodesia
This is a classic book from 1966. Douglas Reed was an excellent, truth-telling White journalist and author who dared to write books telling the raw truth about many things. In 1936, he was in Europe and wrote a book warning that WW2 was coming. In 1966, he was in Rhodesia, and he wrote a similar book, wherein he warned of the coming war in Africa. There are many things he wrote in this book which have been forgotten. He writes about the two-faced British and of the insanity of America.
Get a Free PDF Book: The Naked Communist (1958)
This is a classic book. Cleon Skousen worked for the FBI. At a point in his life he began following the trail of communism in America. To his utter horror, he discovered that it led to businessmen and the wealthy.
