What the Rouble teaches us (#488)
Episode 488 of the WorldWide Markets with Simon Brown podcast, hosted by JustOneLap.com, titled "What the Rouble teaches us (#488)" was published on April 6, 2022 and runs 18 minutes.
April 6, 2022 ·18m · WorldWide Markets with Simon Brown
Episode Description
Simon Shares
- I have closed my Nasdaq long position. Still long FTSE100.
- Purple Group* (JSE code: PPE) trading update. Looks a little better than I expected.
- MTN (JSE code: MTN) more Nigerian woes.
- Reports that Woolies* (JSE code: WHL) may be selling David Jones.
- Elon Musk buys 9.2% of Twitter (NYSE code: TWTR).
- Moodys upgrades sovereign and banks from negative to stable.
- Deutsche Bank says: US recession in 2023 and stocks to fall 20% by summer 2023
The Rouble is almost back at pre-war levels against the US$.
20% interest rates, capital controls, no foreign selling on the Moscow Exchange, selling oil & gas in Roubles (maybe), reports of paying interest on debt with Roubles and of course traders in for a buck.
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