April 18, 2007
– Comments (3)
This market does not look good...
Looks just like the plans of a roller coaster I rode last week.
What's that? It has stopped rising?!?!
Yes, they even have a website, but it doesn't seem to work all the time. Just try later. Hey, it's Zimbabwe...
I'll try to reply here soon with my continued semi-shock at how many investors fail to understand how international exchange rates come-into play here but for now, my post linked above begins to tell the story. Here are the replies from the blog thread dwot supplied above that illustrate the ignorance of which I speak:
So basically what you're saying is the Zimbabwe stock market is fueled by the liquidity of money in the economy? Sounds like a win win -- why am I not getting spam messages about this?
Posted April 12, 2007 10:18 PM
(I guess it was possible that Alec was being facetious) but then:
So what you're saying is, if I put $10 into the Zimbabwe market, just as a test... I could end up with $1,200?
Posted April 13, 2007 2:57 PM
We American's are getting an object lesson but the vast majority of us don't KNOW it yet. We'll "get it", only after the fact unfortunately...