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Category Archives: Financial Markets and Investing
Irrational Irritation
According to at least one commentator “everybody, everywhere” is “upset over the economy.” It may be true, although the article actually shows that only Republicans and older people are actually angry. But no sane person should be angry at the … Continue reading
Reduce the Cost of Banking
In a column in the Financial Times, John Kay comments that the financial innovations that were much lauded in the 1990s and that contributed to the 2008 financial meltdown were designed to manage risks that it caused. They do nothing … Continue reading
Malefactors of Great Power
On this 234th celebration of the Declaration of Independence, it is appropriate to look at what the Founding Fathers left out of their declaration and the subsequent constitution. Today we need protections against new Malefactors of Great Power. The US … Continue reading
From the Many to the Few
It should be no surprise that in the US (and most rich countries) the gap between rich and poor has been growing rapidly over the last three decades. Measures of income inequality grew over 20 percent between 1980 and 2007. … Continue reading
Back Online
We’ve been out of touch for too long with an excess of pressing commitments. But figuring out a complex planet and how to behave on it is more important. So, we are re-starting the debate. To remind readers: the core … Continue reading
Animal Spirits
In the late morning of March 6, 2009 CNBC commentator Lawrence Kudlow went off—again—on his favorite rant. President Obama is driving down the stock market and harming the economy by taxing capital. Capital formation will be harmed, Kudlow averred, as … Continue reading
Too Big to Succeed
We hear almost every day that some business is “too big to fail.” Perhaps many are too big to succeed. The textbook curve for economies of scale falls before it rises again and increasing complexity in economic systems threatens highly-structured … Continue reading
Posted in Financial Markets and Investing, Sustainable Business
Tagged corporations, GE, globalization, management, MNCs, network, trade
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No Normal
This is a recession, a deep one, but eventually the economy will return to ‘normal’. Both sides of the aisle in Washington believe this. If they are wrong, the economy will not return to equilibrium and there is no normal. … Continue reading
Groping for a Bottom
The vaguely rude title to this message captures what’s been happening for the last 18 months (the Brits know it is rude, Americans may not). It sounds like an activity committed in a full elevator when the lights go out. … Continue reading
Posted in Financial Markets and Investing
Tagged BlackSwan, Buffett, credit crisis, investing, probability, systematizers, systems, Taleb, uncertainty
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Ranting Rightists
In the later morning of March 6, 2009 CNBC commentator Lawrence Kudlow went off—again—on his favorite rant. President Obama is driving down the stock market and harming the economy by taxing capital. Capital formation will be harmed, Kudlow averred, as … Continue reading
