@RichardWooding sent me a link to a Wired story about a new Bitcoin wallet app for Android. I think Richard has figured I’d enjoy taking a few pot shots at this based on my past posts on bitcoins. The article is fairly balanced, indicating the recent (and trust me on this, ongoing) problems with BitCoins.…
Basel II (and the collection of changes called “Basel II” by some), King III, Solvency II / SAM, IFRS changes, Treating Customers Fairly, FICA, Protection of Personal Information, RE exams and of course RICA all cost a small fortune. Â Only the last doesn’t affect financial services companies. Â No wonder the major industry concern is over-regulation.
I’ve been blogging recently on the causes of South Africa’s unemployment. One of the areas I’ve highlighted is the cost of transport for many of our citizens, particularly as a percentage of wages for unskilled workers. The high cost of transport is one of the reasons the minimum wage for which it makes sense to…
Finally upgraded to the current version of the theme I use – except it’s so heavily customized by now that the upgrade required plenty of re-customizing. Please let me know if anything is broken or anything otherwise looks unusual for your setup. Thanks, David
I can’t confirm or deny that Paul Krugman gets his ideas from my blog, but it seems he now also agrees with my post from yesterday regarding the BIS’s inexplicable views on inflation and where we are in the cycle.
The BIS thinks that economic growth must slow or inflation will get out of control. They think there was little or no slack left for rapid non-inflationary expansion. They obviously haven’t seen the very low inflation rates in the US, particularly when you consider core inflation, the best measure of future inflationary pressures unemployment at…
South Africa has been approached for a loan to Swaziland, rumoured to be in the R10bn ballpark. Swaziland’s economy is teetering. Amongst other causes, HIV/AIDS is probably worse than any other place on the planet. But most shockingly of all, it’s still a monarchy with political parties banned. If we lend them money, we probably…
