In a number of recent conversations, friends have told me what an awful
year they think 2016 has been. They can't wait for the year to be over
and for the run of bad news to stop. Well, I have more bad news for them.
The world is characterized by volatility, uncertainly,
complexity and ambiguity — or what is known as "VUCA". And no, I am not
just talking about Donald Trump's election victory, although VUCA applies to Trump, too.
On 9 November 1989, Europe celebrated the fall of the
Berlin Wall with unbridled joy. On the same day 27 years later, the
continent is reeling from the shock of Donald Trump's victory in the US
In last week's post, I mentioned the fact that work can often be
frustrating. And one of the key sources of frustration is the fact that
many of the projects that we are involved in fail to bear fruit in the
Do you have any problems at work? Of course you don't. Your colleagues
are charming at all times. Your boss supports you and offers you regular
pay rises. Your office is a delight. And you don't have too much to do.
Wherever one looks in the business world, there seem to be animals. And it is not necessarily good news. Two animals that have been spotted in the bond and currency markets are bears and chickens. A dangerous combination.
Very soon, I shall be heading to the United Kingdom for a short visit.
So, naturally, I am delighted that the country's currency has nosedived
recently. That means my euros will go further. But is the pound's fall good for Britain?