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Surging Zimbabwe Stocks - A Look At Things To Come

Tyler Durden's picture





 

Coming soon to a New York Stock Exchange near you. We fully expect GETCO, Rentec, and, of course Goldman Sachs, to get involved, providing gobs of "liquidity" and tight bid/ask spreads.

 

h/t Mike

 


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Fri, 12/11/2009 - 17:05 | Link to Comment P Rankmug
P Rankmug's picture

At least Ben and Timmy have a blueprint for our future.

Fri, 12/11/2009 - 17:45 | Link to Comment Bear
Bear's picture

This makes sense ... wood is needed everywhere

Fri, 12/11/2009 - 17:10 | Link to Comment Anonymous
Wed, 12/15/2010 - 06:48 | Link to Comment Karston1234
Karston1234's picture

Thanks for sharing and keep up the good work..
colleges | online colleges | distance learning colleges

Fri, 12/11/2009 - 17:12 | Link to Comment Gimp
Gimp's picture

Looking at the Timber Land Financials Zimbabwe's economy is doing fantastic if you are living in Alice's  Wonderland.

Country was better off as Rhodesia before they started killing all the whitey's. Wierd world that is for sure.

Wed, 12/15/2010 - 06:48 | Link to Comment Karston1234
Karston1234's picture

I was fortunate when I found your site.campus based colleges | high schools

Fri, 12/11/2009 - 17:14 | Link to Comment bugs_
bugs_'s picture

Was paradise.  Ride horses, shoot communists with machine guns.

Sat, 12/12/2009 - 08:36 | Link to Comment Anonymous
Sat, 12/12/2009 - 17:50 | Link to Comment Anonymous
Fri, 12/11/2009 - 17:14 | Link to Comment Michael
Michael's picture

Obama no longer warrants my respect of calling him MR. President. I now just call him Mr. Obama.

Fri, 12/11/2009 - 17:20 | Link to Comment Anonymous
Fri, 12/11/2009 - 17:28 | Link to Comment Gimp
Gimp's picture

Michael it is now, Mr Nobel Prize Winner Obama. What are the latest odds on him winning the Heisman?

Fri, 12/11/2009 - 20:03 | Link to Comment Anonymous
Fri, 12/11/2009 - 17:34 | Link to Comment alexdg
alexdg's picture

"buying low and hoping to sell high when the economy improves"...FAIL!

I wonder how the brokers managed to save their hard earned wealth... did they too invest in the stock market or buy gold?

 

Disclaimer : have a friend that has been in Zimbabwe in the last 12 months and brought me  5 billion Z. dollar bill. Probably worth 1 usd today...

 

Fri, 12/11/2009 - 19:04 | Link to Comment Bear
Bear's picture

I see you are already invested in Z

Fri, 12/11/2009 - 19:44 | Link to Comment E pluribus unum
E pluribus unum's picture

I just bought two new 5 trillion dollar Zimbabwe notes on Ebay for 5 bucks and they threw in two 10 billion dollars notes for free

Fri, 12/11/2009 - 21:05 | Link to Comment Molon Labe
Molon Labe's picture

I have a 100 Trillion Z. dollar bill.  I got some 10Ts, 50Ts, and 100Ts off off Ebay and passed them around to friends.

Sat, 12/12/2009 - 03:48 | Link to Comment faustian bargain
faustian bargain's picture

lol...it reminds me of when i went to Turkey about 10 years ago...the bills had all those zeros on them, it was hard to keep them straight. "Is that a million...no, just a hundred thousand." The lira inflation was so bad the exchange rate had changed noticeably by the time we left our weeklong vacation.

We found it amusing and were thankful we didn't live in such a backwards economy.

Fri, 12/11/2009 - 17:37 | Link to Comment Anonymous
Fri, 12/11/2009 - 18:51 | Link to Comment AnonymousMonetarist
AnonymousMonetarist's picture

As Monetary Authorities, we have been humbled and have taken heart in the realization that some leading Central Banks, including those in the USA and the UK, are now not just talking of, but also actually implementing flexible and pragmatic central bank support programmes where these are deemed necessary in their National interests.

..That is precisely the path that we began over 4 years ago in pursuit of our national interest and we have not wavered on that critical path despite the untold misunderstanding, vilification, and demonization we have endured from across the political divide. 

...Here in Zimbabwe we had our near-bank failures a few years ago and we responded by providing the affected Banks with the Troubled Bank Fund (TBF) for which we were heavily criticized even by some multi-lateral institutions who today are silent when the Central Banks of UK and USA are going the same way and doing the same thing under very similar circumstances thereby continuing the unfortunate hypocrisy that what’s good for goose is not good for the gander.

...As Monetary Authorities, we commend those of our peers, the world over, who have now seen the light on the need for the adoption of flexible and practical interventions and support to key sectors of the economy when faced with unusual circumstances. Hugs and Kisses,  Dr. G. Gono, Chairman of the Reserve Bank of Zimbabwe 

 

Fri, 12/11/2009 - 19:43 | Link to Comment faustian bargain
faustian bargain's picture

The "Hugs and Kisses" was a nice touch.

Fri, 12/11/2009 - 20:23 | Link to Comment bchbum
bchbum's picture

Makes sense - Timmy grew up in zimbabwe for a few years.  (That was before working for kissinger and associates.)  Look it up in wikipedia.

Fri, 12/11/2009 - 21:30 | Link to Comment GeoffreyT
GeoffreyT's picture

Y'all are SO unfair... President Mugabe has made everyone a multi-billionaire. Not even The Great Beige Hope and his Goldmanite minions can make that claim (yet). Americans are still at the 'cuddling' stage with respect to monetary malfeasance, but it will end up the way all other monetary chicanery (since Diocletian) has - with the populace getting a great big Dirty Sanchez.

Must dash - I have to wire some money to Lagos so that my Nigerian friends can send me a cheque for TWENTY SIX MILLIONS DOLLARS ($26,000,000).

Seriously though: by the end of the 20th century Africa will be a powerhouse (think India and China now) and the US will be like Argentina (which was near the top of the tree in 1901).

 

Cheerio

 

 

GT

 

Sat, 12/12/2009 - 03:50 | Link to Comment faustian bargain
faustian bargain's picture

Africa's going Back to the Future, eh. Now there's a black swan for you.

Fri, 12/11/2009 - 23:11 | Link to Comment Careless Whisper
Careless Whisper's picture

Has anyone started a Zimbabwe ETF yet?

Fri, 12/11/2009 - 23:21 | Link to Comment Anonymous
Sat, 12/12/2009 - 03:15 | Link to Comment Anonymous
Sat, 12/12/2009 - 04:06 | Link to Comment faustian bargain
faustian bargain's picture

I think we've had different sorts of economic mismanagement here, via taxation and regulation and indirectly via monetary policy. Granted, maybe not as draconian as outright widespread property confiscation though.

But look at our huge outsourcing of manufacturing, the creeping scope of government involvement in nearly every industry and in every aspect of economic life, the total absence of new credit, no savings, low exports/ high imports, executive wages being capped, the government took over GM for pete's sake...I think there's plenty of mismanagement that spreads beyond the financial industry and monetary policy.

I think saying we're on a parallel with Zimbabwe is a little exaggerated, but Z is supposed to be telling us exactly what not to do, not be something we can look at and say "oh, we won't make those mistakes."

Sat, 12/12/2009 - 14:09 | Link to Comment Anonymous
Sun, 12/13/2009 - 06:32 | Link to Comment estaog
estaog's picture

Banks are in the business of lending money. Their largest asset is their loan book. Have a think about what happens to people who have lent money when there is hyper-inflation. Think about the outcome for people who were borrowers. You would thi....

Hey what the hell, I'm gonna join in: ZOMG GOLDMAN SACHS IS MAKING INFLAITONSZ TO AKE OVER WORLD WITH BEN BERNAKE AND NWO AND HOLLYWOOD HOGAN BUT I AM BEHIND 5 PROXIES etc etc

Do NOT follow this link or you will be banned from the site!