The world is changing fast and to keep up you need local knowledge with global context.
It is called the happy:grumpy ratio, and measures how many cheery staff the bank employs for every curmudgeon.The point of this exercise was that happy employees are more likely to do the right thing than unhappy ones.
Imagine if the average person did not retire at age 60/65 – what is, after all, simply culturally entrenched, arbitrary and becoming increasingly meaningless as average lifespan creeps ever upward.
SARB last month was severe and hawkish enough to make it sink in that the bar is set very high for any interest rate cuts this year. Instead, it was allowed that this country needs more reform rather than more monetary accommodation.
In the case of the oil sector we’ve got to give the U.S. some credit, according to Mike McWilliams. Even if Sasol’s been left with less pudding.
Distrust sows distrust and vice versa, don’t be surprised if a rule-making, taxing, social-engineering, encroaching state is viewed with private suspicion.
Far from helping the poor achieve a better life, the ANC’s proposal seems calculated to push the country still closer to calamity.
Van Deventer says there are major benefits to engaging a financial advisor to guide you through the process, the most important of which is that they can provide an independent view and help take the emotion out of your financial decision-making
With SARB last week reiterating a strong awareness of ever more “discerning” capital flows in response to unfolding global central bank actions and financial market conditions, one can only be intimidated by what is currently playing, and potentially still unfolding.