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FEB 20, 2013 - Bespoke Investment Group

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Taking a Page Out of the BoZ Playbook

Remember back in 2008 and 2009 when the stock market of Zimbabwe was regularly the top performing market in the world?  There were several days when the country's benchmark stock index was up by more than 100%  Who wouldn't want that type of return?   The primary reason for the staggering nominal returns in Zimbabwe's stock market was due to the fact that the Zimbabwe Dollar was in free fall.  Actually, free fall may actually be too tame of a description.  In fact, at its peak in November 2008, the monthly rate of inflation in Zimbabwe peaked at 79,600,000,000%. ... Read More

Tags: Taking a Page Out of the BoZ Playbook,  Japanese Yen Latest News