Research

Rock paper scissors

29 August 2025 12:47 RaboResearch

Many readers will know “rock, paper, scissors.” The key feature of this game is that there is no upfront winner, it’s outcome is entirely determined by chance. Paper wins from rock, rock from scissors, and scissors wins from paper. In a way, there are parallels with what we see today – although not all players are showing their hand at the same time. Let us explain. Let rock (🪨) stand for verbal comments or announcements; paper (📄) written deals or legislation; and scissors (✂️) the implementation (or not!) of such deals. This week offers some excellent examples of nothing being set in stone – or, rather, rock.

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Marketing communication / Non-Independent Research. This publication is issued by Coöperatieve Rabobank U.A., registered in Amsterdam, and/or any one or more of its affiliates and related bodies corporate (jointly and individually: “Rabobank”). Coöperatieve Rabobank U.A. is authorised and regulated by De Nederlandsche Bank and the Netherlands Authority for the Financial Markets. Read more