Feel the pinch: year of the crab set to cling on

There are two unavoidable truths. First, nobody knows the future. Second, putting your money anywhere, even under the bed, involves a risk

There are two unavoidable truths. First, nobody knows the future. Second, putting your money anywhere, even under the bed, involves a risk

There are two unavoidable truths. First, nobody knows the future. And second, putting your money anywhere, even under the bed, involves a risk

Pixabay/LuckyLife11

Michael Goldenkov/Strelka Institute/FlickrIt's a phrase we throw around all the time — "good with money." More often than not, we throw it around in the negative, talking about people being "not good with money" — spending on stupid stuff, never saving, etc. But what does it mean to be good with money? 

In December, Janet Yellen hiked right into what might as well be a recession in what Marc Faber suggests will go down as one the most ill-timed policy maneuvers in the history of central banking. Things didn’t fall apart immediately, but the situation started to deteriorate markedly at the beginning of last month when collapsing crude prices and a bungled attempt to implement a circuit breaker in China triggered harrowing bouts of volatility across markets and set investors up for one of the most inauspicious starts to a year in history.

Pater Tenebrarum submits:These are the adjectives Bank of Greece (BoG) governor George Provopoulos used yesterday to describe what has quite evidently become unavoidable.

Business has always been plagued by fraud: witness the South Sea Company in the 1710s (which enveloped the British economy in a giant bubble) or Charles Ponzi's Securities Exchange Company in 1920 (which gave the world the Ponzi scheme) or the Enron and WorldCom scandals in the early 2000s.