Philip M. Short

Sep 29, 2024 | businesslive.co.za | Philip M. Short

If we assume that the Democrats’ policy on trade under Kamala Harris will be a continuation of what we’ve seen under Joe Biden, then the main difference when looking at Donald Trump’s trade policy is the increase in tariffs by the latter. Specifically, Trump wants 60% import tariffs on China and 10% on imports from all other trading partners. What are the potential outcomes of such a move? All things being equal, it would be inflationary, as the same imported goods would be more expensive.

Aug 1, 2024 | businesslive.co.za | Philip M. Short

Debt defaultAs a consequence of the war, and as “punishment”, the US and its allies froze all Russia’s foreign reserves, including US debt held by Russia (debt and interest payments owed to Russia by the US). The US is now considering whether it should give this Russian money to Ukraine to assist it in its war efforts. Moral issues aside, you cannot disavow a debt.

May 8, 2024 | businesslive.co.za | Philip M. Short

Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers. Treasury secretary Janet Yellen is trying to stimulate the economy by pumping money into it. Picture: REUTERS Monetary policy dominated the investment narrative for the past few years as economists, investors and consumers await the first interest rate cut.

Nov 26, 2023 | businesslive.co.za | Philip M. Short

It is tempting to get sucked into market narratives as much as it is comfortable to stick to your original views. New data needs to be tested, assumptions must be challenged, and robust debate should be encouraged. Three macro backdrops occurring in the third quarter have made us wary of assuming a soft landing:Stronger oil price: Brent oil increased 25% in price in the quarter alone.

Nov 21, 2023 | champagnecollectors.com | Philip M. Short |Peter Pedrick |James White |Oliver Walkey

Cristal 1996 – 10 bottles (1 x case of 6 + 4 bottles)Cristal 1999 – 4 bottlesCristal 2000 – 1 x case (6 bottles)Cristal 2002 – 1 x case (6 bottles)All in presentation boxes and cellophaneCattier champagne – Gold bottle with gold metal cage – x 3Cattier champagne – Blue bottle with silver metal cage – x 2The above was sold in first class on Concorde.