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Latest News

Obama: There is 'emerging consensus' on eurozone
"Growth and jobs must be our top priority."

Zuma's daughters and brother criticised artist
Saying the painting was disgusting and had brought nothing but disgrace to the family.

Greek exit talk edges euro towards tipping point
The consequences of 'Grexit' would lie "somewhere between catastrophic and Armageddon".

Facebook CEO changes his status to "married"
Mark Zuckerberg married his long-standing girlfriend Priscilla Chan in his backyard.

Octagon News

All the world’s a stage

After the tremendous market run from March 2009 last year, we continued well into the beginning of 2010. We were all focused on the pending World Cup with immense excitement and it looked like all in the world was slowly coming right. We even weathered the volcanic ash that engulfed most of Europe and the UK, threatening to affect travel to SA's World Cup.
And then we were rudely reminded just how much trouble the world is in. We had been speaking about the pending crisis in the PIIGS (Portugal, Italy, Ireland, Greece, Spain) regions for quite a while. These countries were, for various reasons, heavily over leveraged (which is a fancy way of saying that they had too much debt) and concerns were that this would ultimately become a problem. Well it ...