David Shapiro on why financial markets are bubbling, tech's 'vroom' and a letter from the 50s

Loading player...
The International Monetary Fund reported in May that incoming data showed many countries will be hit worse than its already pessimistic projections, and that the world will be thrown into the deepest recession since the Great Depression of the 1930s. GDP output, the fund said is expected to be shrinking by 3% in 2020. This forecast will be revised in early July. The dire predictions do not explain why financial markets are as one analyst put it, “bubbling”. David Shapiro has dug deep into the history of why markets react as they do and was sent a letter written in the 1950s by John Templeton, the billionaire philanthropist who created the Templeton Growth Fund about the unpredictability of markets. Shapiro also discusses the news that Pam Golding is restructuring and tech companies that  ‘vroom’ with Biznews Managing Editor Stuart Lowman. – Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
8 Jun 2020 1PM English South Africa Investing · Business News

Other recent episodes

Helen Zille on Joburg, coalitions and the price of power

She said she hadn't exchanged a single word with the ANC about a post-election deal. Helen Zille then told Alec Hogg who she thought was talking to them. The DA's Johannesburg mayoral candidate took on Corné Mulder's claim of a backdoor ANC pact and compared Gayton McKenzie's Patriotic Alliance to…
25 Sep 12PM 34 min

Why Jakkie Cilliers (ISS) guarantees Africa in 2050 will be far more stable than today

At a time when news headlines across Africa highlight political friction, economic distress and security concerns, a guarantee of better times ahead may sound almost provocatively optimistic. Yet Dr Jakkie Cilliers, founder of the Institute for Security Studies and head of its African Futures and Innovation Programme, bases that guarantee…
25 Sep 5AM 35 min

Andy Calitz on Eskom, the job he didn't get, and what came next

He was on the shortlist to run Eskom and lost out to André de Ruyter. Years later, Andy Calitz, who ran South Africa's transmission grid before a career that took him from Shell to Gazprom's control room and the helm of LNG Canada, still thinks about it most weeks. In…
25 Sep 3AM 55 min

Warren Wheatley breaks his silence on his FSCA debarment

Three trades, R301 in total, and a 20-year ban from the financial sector. Warren Wheatley, the chartered accountant who helped put together the Capitec empowerment deal and went on to found Altvest, now Africa Bitcoin Corporation, broke his silence to Alec Hogg days after resigning as CEO. The FSCA says…
23 Sep 12PM 54 min