David Shapiro on why financial markets are bubbling, tech's 'vroom' and a letter from the 50s

Loading player...
The International Monetary Fund reported in May that incoming data showed many countries will be hit worse than its already pessimistic projections, and that the world will be thrown into the deepest recession since the Great Depression of the 1930s. GDP output, the fund said is expected to be shrinking by 3% in 2020. This forecast will be revised in early July. The dire predictions do not explain why financial markets are as one analyst put it, “bubbling”. David Shapiro has dug deep into the history of why markets react as they do and was sent a letter written in the 1950s by John Templeton, the billionaire philanthropist who created the Templeton Growth Fund about the unpredictability of markets. Shapiro also discusses the news that Pam Golding is restructuring and tech companies that  ‘vroom’ with Biznews Managing Editor Stuart Lowman. – Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
8 Jun 2020 1PM English South Africa Investing · Business News

Other recent episodes

How solidarity plans to force out BEE by 2030: Connie Mulder | The NdB Sunday Show

In this edition of the NdB Sunday Show with Chris Steyn, Connie Mulder, the head of Solidarity's Research Institute (SRI) shares its comprehensive roadmap to gradually transition South Africa from race-based legislation to real empowerment, based on need, economic growth and job creation by 2030. It includes practical suggestions on…
17 May 7AM 30 min

How Egoli Youth Empowerment turned squash into a pathway to opportunity for Joburg's youth

Egoli Youth Empowerment started with squash courts in Soweto and grew into a holistic youth development programme spanning sport, academic support, life skills, leadership, entrepreneurship and urban farming. Director Glenn Lazarus and Programme Director Sharon Sibanda tell BizNews how EYE is creating safe spaces, developing young talent, and helping vulnerable…
15 May 9AM 19 min