Inflation is spiking in Zimbabwe (again). Why high interest rates aren’t the answer

The central bank of Zimbabwe has raised its benchmark rate from 80% to a fresh record of 200%. This increase comes as Russia’s invasion of Ukraine is driving global commodity prices higher, exacerbating inflation in many countries around the world, including Zimbabwe. Zimbabwe’s Finance Minister Mthuli Ncube’s thinking is that aggressive tightening of monetary policy…Read More

GLOBAL MARKETS: HOW NERVOUS SHOULD INVESTORS BE?

In the current murky investment environment, it is an understatement of note to suggest that financial markets are jittery and have in many sectors been pushed into bear territory. Given the material sell-off in both equities and bonds, just how nervous should investors be? And how should one approach portfolio construction in these circumstances? Since…Read More