The Zimbabwe Stock Market

This is a great news report from Zimbabwe via Al Jazeeera. It examines the ‘fantastic returns’ on the Zimbabwe stock exchange – and how traders are becoming ‘paper millionaires’. ‘Traders are astounded by the performance’. ‘Stock soar despite inflation’. I kid ye not.

(Hat tip to http://www.zerohedge.com/article/zimbabwe-stock-exchange-look-things-come.)

I love zerohedge.com – a great financial markets website – very much sympathetic to the Austrian-School world view.

To my mind, this is a great explanation of the stock market ‘rally’ of the last year.