Short Note 19 November 2015
Throwing the Kitchen-sink
by Cees Bruggemans words 500
Ask a mainstream academic economist what is wrong with SA policy, and he/she will throw the academic kitchen-sink at you.
In other words, the collective technical western wisdom accumulated not only in the economic sphere these past 300 years (economics 101) but also the financial, legal & philosophical underpinnings going much further back in time, indeed in some instances not just centuries but millennia.
And yet this doesn't turn out to be the “main” problem to be mastered.
Short Note 18 November 2015
by Cees Bruggemans words 550
What's striking recently is the retreat of Chinese luxury, the impression of weak global industry but strong services sectors, weak developing but resilient developed market economies, the advance of Putin, the SA drought, and EM & commodity producer woes. But is it transitory or more permanent?
Short Note 14 November 2015
by Cees Bruggemans words 500
Now and then, one comes across a paragraph either full of wisdom, or shedding light where only darkness used to prevail. I had a few such sensations in quick succession this week, with deep implications for economic life. Herewith is what made me sit up:
Short Note 10 November 2015
Countdown, Ignition, liftoff
by Cees Bruggemans words 580
Following startlingly robust October employment data, the Fed is likely to be finally ready to start its ignition sequence, after which it is “all stations go” and we have liftoff (16 December). After which eons of radio silence, for the Fed has promised to normalise very, very slowly, in slow-mo, like a chameleon crossing the road in measured fashion….clearly not the one-&-only Bruce Springsteen’s “Born in the USA” or the equally thrilling “YMCA”.
Short Note 3 November 2015
Things warranting concern
The things to fear most at present? There is so much to choose from. Even when excluding the personal and focusing only on the economy, there still remains a rich list.
Short Note 28 October 2015
SA labour force dynamics
by Cees Bruggemans words 360
SA has two major labour market surveys, both run by StatsSA. They both use acceptable methodology. But their messages differ somewhat.
Short Note 22 October 2015
Revolt in Times of Flux
Discontent of all kinds simmers just below the surface, indicative that the nation’s managers aren't quite managing to stay on top of things. This could get worse, if expectations keep expanding exponentially while delivery keeps failing to keep track. These are difficult years in an ever more difficult decade.
Short Note 20 October 2015
Slim pickings to rejoice
In stressed times, even small mercies loom large. And so in the short term we can identify a few snippets supporting our drifting condition.
Short Note 13 October 2015
The Big SA job disrupters
by Cees Bruggemans words 400
We tend to think of global shocks & their recession consequences, and excessive domestic wage demands inviting businesses to hold the line on wage bills by way of other means, as the big threats to jobs.
But a bigger threat to our employment by far might be structural & ongoing by way of technological disruption, a global reality and not bypassing us.
Short Note 8 October 2015
SA Industry Line-Up Update
by Cees Bruggemans words 470
The 3Q15 keeps shaping poorly, but it isn't all gloom & doom.