Monday, July 18, 2011

Force Majeure

Force Majeure is only tenable when the cost of force majeure is less than the assets it can achieve.

In the year 2011, under Pax Americana, we think it is unlikely that force majeure is attempted to solve any economic issue, except by the Americans. Very much unlike the years 1917 and 1941, force majeure is not likely to influence long term economic stability.