Much ado, camel’s back or foxy unity – Clem Sunter flags three roads for coronavirus

Loading player...
The world appears to be more polarised with a general perception that political and value systems that we inherited after the Second World War are being eroded. With populists in power in many countries, including the United States of America, it does appear that the world is in crisis. All this is amplified by social media, where people post their knee-jerk reactions with scant observation of deeper reflection. When an epidemic or pandemic like the coronavirus enters a system that is already prone to overreaction; it easily becomes mass hysteria. And it appears that financial markets that are often too sensitive to investor sentiment are following, which could be a bigger danger to the world economy than the actual virus. There are many theories of how the virus outbreak will pan out. Clem Sunter, the well-known scenario planner spoke to Biznews founder Alec Hogg about three possible routes that the world could follow. The ‘Much Ado about Nothing’ route, or as young people would say, ‘Whatever’; the last straw that breaks the camel’s back and the adaptable route of the fox, in which businesses and citizens pull together to implement “the best things to do.” He expressed the hope that the coronavirus could help the world realise that “we all live on the same planet and we need to create a shared destiny.” - Linda van Tilburg Learn more about your ad choices. Visit megaphone.fm/adchoices
9 Mar 2020 8AM English South Africa Investing · Business News

Other recent episodes

Cityboy is back: his tip to win big in financial services? Trade your soul

A former top-ranked City of London stockbroker has written a manual for winning at business, politics and life. There's just one catch: to follow it, you'd have to think like a psychopath. Geraint Anderson, the man behind the legendary "Cityboy" column, tells BizNews editor Alec Hogg why he built his…
30 Jul 9AM 32 min

R1-billion blended finance programme to transform real estate

In this interview with Chris Steyn, Alessandro Scalco of RMB Sustainable Finance shares the details of a R1 billion Blended Finance Programme to formalise and scale South Africa’s burgeoning affordable rental market. Rand Merchant Bank (RMB) has partnered with INDLU, a property financial technology company that empowers landowners to build,…
30 Jul 6AM 15 min

BN Daybreak: Ramaphosa interdict bid; Fed holds rates; Fauci's Fifth Amendment; Zambian kwacha

In today's episode, the Fed leaves interest rates unchanged amid a fractured vote and market sell-offs. Locally, four parties are challenging President Ramaphosa's impeachment interdict, while Treasury controversially releases funds to 69 failing municipalities. We also cover Dr. Fauci invoking the Fifth Amendment regarding the Covid-19 response, Zambia's kwacha surging…
29 Jul 11PM 16 min

Murder, mayhem, treachery, and court battles = SA politics: Solly Moeng

In his latest interview with Chris Steyn, Political Commentator Solly Moeng, talks about four political parties joining in a Constitutional Court bid to try and overturn President Cyril Ramaposa's impeachment committee interdict; a murder investigation into the death of General Sindile Mfazi, who was investigating an unauthorised undercover operation to…
29 Jul 5AM 15 min