Dive into the archives.
- Making Sense of This Non-Depression
Woke up this morning to the radio announcer’s chirp confirming that the Recession was over and that most economists agreed. OK, it won’t be reflected in employment statistics, and there will be a lot of people out of work, but things are good. We’ll see by the Third Quarter. The S&P is over 900, the [...]
- From Unemployed to Self-Employed
We met in the dog run, Sean and I. Sean had a mastiff—big guy, rolling around with a bloodhound; and my terrier wanted to break up the fight. After vetting one another, sniffing about and introducing ourselves via the names of our dogs, we got to talking about the work we did. Sean is 26 [...]
- The Real Stressed Bank Test
My client was stressed. “The banks (or most of them) got a clean bill of health, “ he began. “The market is in a buying frenzy,” he continued. “Then why did my business loan just get denied?” He’d returned from a visit to his bank, the US branch of a famously solvent European outfit; and [...]
- Behavioral Finance: Happy Days Are Here Again
Behavioral finance begins with the setting of a question. For the individual investor, the question might be put, “what is going on in the market that is out of synch with fundamentals of reality?” For the market maker, wishing to influence market participants, the same question may be addressed— though acted upon to different ends. [...]
- Fixing the Financial System: The Bank of England’s Systemic View of Organizational Behavior
Andrew G. Haldane , Executive Director for Financial Stability of the Bank of England, delivered a remarkable paper at the April 2009 meeting of the Financial Student Association, in Amsterdam. Entitled, “Rethinking the Financial Network”, its deserved acclaim in the world press concerns its reliance on the study of complexity in natural systems: from epidemiology [...]
- Introducing the NYC Cooperative Building as a Multi-Family Business
The New York City Cooperative is a multi-family business. Assets from multiple families are invested into shares, bought and sold in a competitive market, and allocated for shareholder use, into discrete apartment units, represented by share holdings of varied size. The purpose of the Cooperative is to furnish a home for its shareholders. Secondarily, it [...]
- The First Feedback: Beginning Organizational Inquiry
Listening thoughtfully, the General Manager smiled and said to us, “I understand, now, what you provide is rather like psychotherapy for this organization.” My colleague and I had just presented our feedback to the managerial team. We had interviewed employees in a manner originally called, “a bit informal”, by the GM; but had delivered a [...]
