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« Meredith Whitney's Rise and Rise | Main | James Morton of the Cundill Recovery Fund, Once Again »

April 10, 2008

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I also wonder about the currency- notoriously spiraling out of control. I have no idea how this works with currencies, but I would imagine it would surge based on regime change alone.

Lucas: You're most likely correct.

It seems to me the way most people arrive at the true value of the Zimbabwe currency is they take Old Mutual (I think, not sure) quote in South Africa and compare it to the quote in Zimbabwe. No one goes by the Zimbabwe government's exchange rates.

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