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JSE Direct with Simon Brown

Weekly podcast hosted by Simon Brown covering the JSE and listed companies.
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Now displaying: Page 1
May 10, 2023

Simon Shares

  • Transaction Capital (JSE code: TCP) results where pretty much as expected. Management have essentially thrown the kitchen sink at everything. H2 will be tough but likely a little better. FY24 a clean slate. But market does not agree with me.
    • Nutun doing good
    • WeBuyCars under pressure, no surprise, consumer cracking
    • SA Taxi real ugly, but as detailed in trading update
  • US unemployment 3.4%. April CPI 4.9%.
The end of the US$

Bretton Woods essentially created teh US$ as a reserve currency

Now all commodities trade in US$

The end of the US$ is as old as time, really kicked off with the advent of the Euro in 1999.

But who take over?

  • China, no?
  • BRICS, that’s only China.
  • Euro, but they don’t want a strong Euro and the world doesn't want the Euro either.

That said, the US$ will lose influence over time. It has been and will continue to do so. One day it may well be over, but we're a very long way from that.


 

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