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

BN Daybreak Fri 16 Jan: Trump’s Nobel “Medal”; Farmers boo Steenhuisen; ASML jumps

In this episode of BizNews Daybreak, Alec Hogg covers the intersection of high-stakes global politics and critical local challenges: Trump’s Nobel Moment: Venezuelan opposition leader Maria Corina Machado presents her Nobel Peace Prize medal to Donald Trump at the White House, calling him the “heir to Washington”. US-Taiwan Trade Deal:…
15 Jan 11PM 18 min

BN Daybreak Thurs 15 Jan: Abedian on SA Silence about “21st Century Nazis”; Mining Indaba's back story; Sasol Surges

In this morning's briefing, Alec Hogg unpacks a volatile geopolitical landscape where conflicting reports emerge from Iran—Donald Trump claims de-escalation while internal memos suggest mass casualties. We speak to Iranian-born and bred entrepreneur and former UCT Economics Prof Iraj Abedian, who delivers a scathing critique of the South African government's…
14 Jan 11PM 17 min