It's been a long year for us all... But from the Hoedspruit BLOG team we'd like to wish all our readers a very merry Christmas (belated) and Happy 2008.
We promise that this BLOG will bring a whole lot more to the fore next year so keepy our eyes open...
Wednesday, December 26, 2007
Friday, December 7, 2007
TITO DOES IT AGAIN
THE TURNING OF THE SCREW - A TITO PRODUCTION 07 December 2007
So in this movie old Tito Mboweni played by Basil Fawlty announces - a 0.5% increase in the repo rate pushing up benchmark prime and mortgage rates to 14.5% - and the whole cast and audience whoops with delight!!!! YES, YES, YES.
So Basil took the spirit out of Christmas shopping for many borrowers ...laughed the News24 audience.
Polly the analyst asked our knucklehead Manuel if the majority of his analyst friends also expect this to be the end of the tightening cycle???? Manuel said he asked his buddies at Lehman Brothers and the answer was, QUE!!! You guessed it, no-one really knows.
SO, thank heavens for good old SYBIL, level headed, slightly cloudy but, sensibly she thinks that having spoken with her close, close friends over tea at ABSA that with inflation taking its leap into our lives and with some belt tightening we will see house prices on average continue to dip and yes, the end of the increase in interest rates cycle is doomed! Doomed, did you hear what I said BASIL.
The End!!!
Have a safe and blessed Bushy Festive Season folks!!!!!!!
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