Monthly Archives: September 2017

Who’s this ‘middle class’ anyway?

For someone with hundreds of millions of dollars, like ex-Goldman alumnus Cohn, $30 to $45k is a rounding error.  But for a so-called financial wizard advising the government purportedly on how best to ‘help the middle class’, it’s revealing and … Continue reading

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Why do so many smart people not see incoming ‘disruption’ and change?

Joseph Schumpeter popularized the economic concept of ‘creative destruction’ in the 1950’s and spoke of the vigorous push back from threatened incumbents: “To undertake such new things is difficult and constitutes a distinct economic function, first because they lie outside … Continue reading

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Kass: Investors learned nothing from history

Self-delusion and wilful blindness, how great thou art.  See:  Investors Seemingly Learned Nothing from History: “…I am blinded by a sense of history…In our flat, interconnected and networked world, the odds favor less stability over more stability. To this observer … Continue reading

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A world of climate refugees

Someone recently told me that climate harm impacts were not imminent but rather something that would be a problem for future generations. Perhaps this thinking is a coping mechanism. Perhaps it’s a way to avoid making personal changes needed.  Either … Continue reading

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The courage to normalize monetary policy

As I have referenced in the past, what’s needed today is not an endless circuit of vapid speeches and tortured transcripts from central bankers posing as magicians, what’s needed is policy leaders with the courage to bring banking rates back … Continue reading

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The fight against financial abuses must accelerate not reverse

Closed hearings, forced arbitration with corporate friendly adjudicators and secret settlements without admitting or denying fault, all are the cloak of deceit and abuse. We must remember that after the reckless leverage and fraud that led to the financial crash … Continue reading

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