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 Dow [...]
- The Ghost of a Former Family Business
Business developments expand and contract in harmony with economic developments. From this vantage, the current recession might be likened not so much to the Great Depression, but to more generalized periods of economic contraction. Yet, just as the ghost of the Great Depression has become a media favorite with which all of us must now [...]
- “The International”: Debriefing the Movies
A movie review: sometimes, the irreality of the movie is enough to provide a moment’s respite from the irrealities of daily life. The International is like that. Its about the unwinding of a super-intelligent plot by fiendish banks to dictate international politics.
Ok, that’s banal enough: especially when Goldman Sachs says it’ll repay TARP loans with [...]
- The CEC: Stacking the Middle-Aged Deck To Failure
The developmental effect of the “Current Economic Climate” upon the under-employed middle aged worker, is to force the normative later-life crisis of generativity vs stagnation before its time.
The crisis itself is to be expected– worked through across the years in contemplation of one’s lifetime of accomplishments and failures. But the additional external pressures of massive [...]
- Financial Regression in the Service of Banking
Very rarely does Finance so precisely mirror Psychoanalysis.
Yet, this week, the financial world both in the UK and in the US achieved a milestone: the peculiar mixture of positively valued and negatively valued assets upon the balance sheets of our quickly failing banks— an unsteady blend which might be seen as “ambivalent”—is to be split. [...]
- Passivity,Activity, and the Current Economic Climate
The reframing of problem as opportunity is the mantra of the current economic climate (CEC). And from within our chanting, whether through gritted teeth or genuine optimism, we have the choice of passivity or activity.
Passively, we may be mesmerized by our decrements: in spending power, in the small luxuries we’d become accustomed to, and in [...]
- The Current Economic Climate
The Irish, in their euphemistic wisdom, have a term for our shared, global situation: “The CEC”. The term seems to have originated in the early years of this millennium, as the Celtic Tiger began its run; and judging from the bitterness about the CEC on blogs from that time, it must have begun as a [...]
