Archive for August, 2010
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
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
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