Tag Archives: consumer debt

Why can’t we get ourselves out of this sticky mess?

By Roger Diamond The news is oozing with opinions on the Eurozone crisis, debt defaults, bailouts and why eating baklava is about to be banned. Although there is plenty of merit in getting stuck into the details of easing the pain of recession and finding short term solutions to employment, liquidity and keeping the monetary…

14 Comments Continue Reading →

Christmas spending: where’s the money coming from?

Sandton City is a madhouse. The reports are disturbing: gaggling crowds of teens everywhere, shops heaving with bodies, zombies wandering from store to store, gift lists clutched in clammy hands. Some of my hollow-eyed acquaintances report that they didn’t even make it beyond the parking lot. Christmas is coming, and apparently South Africans are shopping…

14 Comments Continue Reading →