Archive for August, 2010

  • If the Bathwater Becomes Toxic Enough, Throw Out the Baby

    August 29th, 2010 by John Fullerton

    The more I discover about the modern financial system, the less I recognize it, and the more incredulous I grow.  And I worked at the center of the financial system until 2001.

    My comment is prompted by the latest news that several leading hedge fund managers and private equity moguls are lashing out at the Obama Administration and funneling money, lots of it, to the GOP >> Read more

  • Toward a Finance Ethic

    August 16th, 2010 by John Fullerton

    An ethic, ecologically, is a limitation on freedom of action in the struggle for existence. An ethic, philosophically, is a differentiation of social from antisocial conduct. These are two definitions of one thing.  The thing has its origin in the tendency of interdependent individuals or groups to evolve modes of cooperation.

    The >> Read more

  • From Risk to Uncertainty

    August 9th, 2010 by John Fullerton

    Stress-test complacency will be a cause of the next financial meltdown. Economic commentators have been increasingly using the word “uncertainty” of late. The context has included the business climate, the stimulate vs austerity debate, and forecasting the investment outlook across capital markets. Two examples: “When >> Read more

  • Where’s the Middle Class?

    August 2nd, 2010 by John Fullerton

    Capital Forum’s current series on “Reducing the Wealth Gap” ties in nicely with Edward Luce’s July 30 piece in the Financial Times“The Crisis of Middle Class America,” a sobering reality check, putting real people behind the statistics. >> Read more