Snippet 2020 – 12

Economy Price gouging: price gouging is wrong, right? Price gouging is driven by greed and, especially in emergencies, is simply morally wrong. Politicians love such laws as they appear to be defending people suffering from a setback and makes for happy voters –...

Snippet 2020 – 11

Economy The endless economic breast-beating and death updates are really becoming quite tiresome: what, economically speaking, happens after our isolation? Interestingly, it appears that economies rebound after wars but don’t after depressions. It remains to be seen...

Snippet 2020 – 10

Economy When stocks are volatile, conventional wisdom dictates that you should invest in bricks and mortar, right? Perhaps not, somewhat overexcited predictions are that the US housing market might crash to 29-year lows. The VIX is shorthand for a measure of the...

The coronavirus: a force majeure?

A farmer contracts to supply logs to a purchaser after having made the necessary arrangements to automate his tree harvesting activities: he orders the machines. Owing to the closure of borders and factories, following on the corona virus pandemic, these are not...

Snippet 2020 – 09

Economy Nedbank has revised our GDP for this year down to 0.3% and says that we run a high risk of recession. The South African BER business confidence index has sunk to its lowest level in 20 years: 8 out of 10 respondents are unhappy about current business...