Six central banks have recently announced a rate cut.  These include England, USA, China and Canda.  The rate cuts range between 27 and 50 basis points (where each basis point accounts for 0.01%, thus 50 basis points represents a drop of 0.5%).  This desperate move comes in order to stabilize global markets, and to stimulate [...]

• 6 Comments

Japan’s major index, the Nikkei 225, has lost $250bn US in equity value in a single day, it’s biggest decline since 1987.  The $250bn represents 9.4% of the total value.  The global credit crunch has prompted massive sell-offs world wide, causing most major indices to decline significantly in value.
On the home front, the JSE lost [...]

• 2 Comments