Valution in the specifics ain’t easy
The [public sector] organisation that pays my salary in my day job employs me as an economist. I am the only economist they employ. Indeed, I think I am the first and only economist they have employed.
They do not undertand what economics is all about or what economists do best. As a result, they frequently ask me to do things for which I am not qualified and/ or which I know very little about and for which I scramble like crazy for information.
Last week we made an offer on a substantial building in town. I was asked to deliver a verdict on its commercial value. I know the processes and the principles, but haven’t valued a building of this size.
Fact is, the nworld is in such turmoil I don;t think I can do it. Working out what’s likely to happen ‘going forward’ hasn’t been this difficult for at least a generation, and probably for much longer.