Read on Twitter
Let’s have a discussion about whether #MMT can add any value to analysis of the South African economy.
@StephanieKelton @wbmosler @stf18 @NathanTankus @ProfSteveKeen @mattybram @billy_blog I’d appreciate your perspectives on this.
https://twitter.com/BuddyWells1/status/1304281550318718976
@StephanieKelton @wbmosler @stf18 @NathanTankus @ProfSteveKeen @mattybram @billy_blog I’d appreciate your perspectives on this.
https://twitter.com/BuddyWells1/status/1304281550318718976
Quick refresher course: SA’s sovereign currency the Rand is free floating.
90% of SAn public debt is R denominated. Our Forex reserves adequately cover it.
Trade account is surplus.
Current account is deficit due to primary income (FI extracting profit dividends & interest).
90% of SAn public debt is R denominated. Our Forex reserves adequately cover it.
Trade account is surplus.
Current account is deficit due to primary income (FI extracting profit dividends & interest).
35% of SAs public debt is held by FI (90% public debt is Rand denominated).
SAs 10 year gov bond yields are around 9,5%.
Repo rate is 3,5%.
Inflation is around 3% (SARB target is 3 to 6%).
Inflation is mostly cost pushed.
Demand is too low.
Growth below 0
Unemployment over 30%
SAs 10 year gov bond yields are around 9,5%.
Repo rate is 3,5%.
Inflation is around 3% (SARB target is 3 to 6%).
Inflation is mostly cost pushed.
Demand is too low.
Growth below 0
Unemployment over 30%
Here’s a video of @PresidencyZA @CyrilRamaphosa this week saying that South Africa has “run out of money”. Is this true? Let’s discuss this. https://twitter.com/ricardomackenzi/status/1303749403849695238
