view from the thames
DEON GOUWS: Time for more rose-tinted specs
Is it 2008 all over again? A pandemic moment? I doubt it
15 August 2024 - 05:00
This is my 54th consecutive monthly column, having been invited early in 2020 to provide a “view from the Thames”. I gave a commitment to deliver my copy by the second weekend of March that year. I should have realised it was not a great omen when the calendar indicated the deadline was Friday the 13th.
As I sat writing that first piece, the world was closing down as a respiratory virus spread rapidly from country to country. Nobody had any idea of the ultimate economic impact, but it seemed reasonable to expect the worst. Asset prices went into free fall and volatility spiked...
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