MOUNTING concern that the global economy is hurtling towards recession took its toll yesterday, with the rand plunging to its worst level against the dollar since April 2002 and the JSE taking a hammering.
Thursday, October 23, 2008
JSE crashes through 20 000 level - recession reality catches up to the markets
Yesterday newspaper's were calling Trevor Manuel a hero. He has done a good job, but hype and hubris are really what got us into the delusional mess of phantom instruments and infinite growth to begin with. I am not happy about the current malaise, but at least we can begin to operate more realistically. That is a start.