Geopolitical is risk on again and the Great Correction is coming to #China (made worse by QE in US, UK, Jap). How the Govt responds with their ‘managed capitalism’ mantra will be one for the history books. Admirably, they already show an understanding of the psychology of greed and self-preservation when ordinary citizens see an economy start to unravel. Last night I tweeted about a China bank run and this morning, as it spread to other small banks, the authorities put out piles of cash behind the teller’s windows to try to boost confidence. Wonder if that would have worked at Northern Rock?!
How do you choose your friends? Of course, this question is context specific. For example, if I was back on the streets of Northern Ireland (see "Military Balls"), a friend is a fellow army officer who had balls of steel and fearlessly defused those pesky IEDs. But would he still be a decent companion for me today? Someone who understands the ebbs and flows of humanity in the modern globalised world, from the ground up. Someone I would invite round to my house to have dinner and interesting conversation with on a precious Saturday night? No balls of steel required here, just high EQ! Here’s a tool that will sniff this out ...
Concise Ballsy Thinking as the latest news rolls off the ticker tape. (Er, if you are under 20, Google it!)