Archive for July, 2012

  • Financial Overshoot

    July 23rd, 2012 by John Fullerton

    Last week, I gave a talk to the Missouri Association of Public Employee Retirement Systems annual meeting.  This was the first time I presented my developing thesis of financial overshoot, which arithmetically accompanies ecological overshoot unless we manage to >> Read more

  • Off-Grid Financing

    July 16th, 2012 by John Fullerton

    The ramifications of the Libor scandal—what Warren Buffett glibly called a can of worms that affects the whole world—grow by the day.  Criminal indictments of individuals, even if firms are too big to indict, appear to be in the making as the tsunami’s shock waves are about to spread to many of the usual suspects. One can >> Read more

  • Guest Post: Economics as if the Laws of Thermodynamics Mattered

    July 9th, 2012 by David Jones

    There is no wealth but life. –John Ruskin Have you ever considered the question: what is life? If we are aiming for a new economic system that will preserve and enhance life, rather than the current system, which more often than not seems to destroy and degrade life, perhaps we should consider what life is and how it is made possible. I recall learning about “living >> Read more

  • Will Barclays’ CEO Surprise Us?

    July 2nd, 2012 by John Fullerton

    Like Lloyd Blankfein with the Abacus fiasco, and Jamie Dimon with “the whale trade,” Barclays CEO Bob Diamond has an unparalleled opportunity to surprise us this week during his appearance before Parliament to explain the most recent financial scandal involving the systematic manipulation of LIBOR, the benchmark interbank lending rate upon which hundreds of trillions of dollars >> Read more