News: Wall Street investors retreating to Zimbabwe?
The title might be funny, but the reality is: the Zimbabwe benchmark Industrial Index soared 257 percent Tuesday, besting a one-day record of 241 percent set Monday, with share prices of some companies rising by up to 3,500 percent.
Reason? The stock market seems to be the only place Zimbabweans can get 'some' return from their cash, as - some experts say - the local economy runs at an inflation of 20 trillion percent. That is 20 t-r-i-l-l-i-o-n. (Full)
[Ed: So what is Wall Street complaining about? Opportunities! All Opportunities!]
More on The Road about inflation and the economy
Cartoon courtesy Inkcinct Cartoons
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