A definition of country risk is as follows of the Basel Committee (1999)[p.7]: "g or sovereign risk encompasses the entire spectrum of risks arising from the economic, political and social environments of a foreign country that may have potential consequences for foreigners debt and equity ...
I’m on the general same wavelength, though I hadn’t thought it out anywhere nearly as well as Jacob. Peak oil will roll back the advance of globalisation by increasing the costs of transportation, and will probablydefine the high-water mark of living standardsas measured by stuff. Britain ...
The post-GFCers could dream of FI/RE through frugality because the stock market had had the shit kicked out of it in the GFC, but work was less enshittified then, although the direction of travel was clear. Although globalisation was rapidly hollowing out the middle class in the developed ...
and the wildest speculation has the salient characteristic of an investment (you might get your money back with interest). Maybe the best definition of “investing” is “gambling with the odds
There’s a recurring theme here. If you want to treat everyone equally, then by definition you can’t identify the bright from the dim. That’s fine if the aim of education is to build students’ self esteem. That’s bad if the aim is to target scarce resources at the able so they...
at the cost of the work doers. Our definition of employment and self-employment that has been acceptable for many decadesisn’t fit for this sort of employment/work. So regulation needs to catch up, there’s probably space in the marketplace for smartphone mediated work matching to give nove...
was complete, so I was competing with a mix of single earner households and two-earner households[/ref] may mean income multiples need to be considered for a couple rather than an individual; I was single when I bought that house so there was only one earner by definition. I also needed...