Monthly Archives: March 2009

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 , , , , , , | 3 Comments

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

Posted in Economics and Capitalism, Financial Markets and Investing, Politics and Government | Tagged , , , , , | 1 Comment

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 , , , , , , , , | Leave a comment

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

Posted in Economics and Capitalism, Financial Markets and Investing | Tagged , , , , , , | 3 Comments