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

I love – 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.

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