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What the Rouble teaches us (#488) episode artwork

Apr 6, 2022 18 min

What the Rouble teaches us (#488)

from JSEDirect with Simon Brown Hosted by www.JustOneLap.com

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 * I hold ungeared positions. 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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What the Rouble teaches us (#488)

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