".....the times they are a'changin'...."
One of my favourite business mentors is Tom Peters. When Mr Peters is worried, I certainly sit up and take notice.
One of the tenents of Tom Peters is his optimism in both business and making sure you live a good, full, enriched life.
We are heading into uncharted waters.......
From Tom Peters' blog:
***People of great character are needed on Wall Street. Nice idea, and I'm all for it—more or less. Fact is, humans are greedy—you know, the survival thing explained by Darwin and his successors. Moreover, Adam Smith's Wealth of Nations tells us in no uncertain terms that self-interest is the engine of the economy. Fact is, in ordinary times, self-interest is imperative, and more or less the more the merrier—i.e., greed. That's how innovations are commercialized—and why there are bubbles. Hence, this ends up being an argument for appropriate regulation and strong government intervention in general, rather than hoping that God-like individuals will save us, or at least our 401(k)s. (None of this is to suggest that I'm not in favor of beating the bloody tar out of some of these pricks, like the Lehman guy.)
***The world is flat. Sure, flatter than it was. But national sovereignty is alive and well—e.g., Russia invades Georgia. Central banks and finance ministers should work in concert, as they are and as they have been since at least Bretton Woods. Given the new flat-ish-ness, coordinated responses have to be made much more quickly, and dramatically, than before. But anyone who thinks that economic globalization will round off the forces of national sovereignty is flat out nuts in my opinion.
***We need a plan. Yes we do, but the market crisis will abate when the price of assets falls far enough that stocks are obviously significantly undervalued and worth buying. Mssrs. McCain and Obama are being criticized for failing to provide oceanic solutions in their get-together last night. Well, there aren't any panaceas, except to do more of what we're doing ever faster and ever more intensively—e.g., the Brits more or less nationalizing banks yesterday.
more at: tompeters!
We can certainly thank our conservative banking system here for some of our soft landing so far.....the Fed today has looked to us for monetary help. However, the effect worldwide is still a question and where it all goes from here us unknown......a positive outlook sure comes in handy nowadays.
One of the tenents of Tom Peters is his optimism in both business and making sure you live a good, full, enriched life.
We are heading into uncharted waters.......
From Tom Peters' blog:
***People of great character are needed on Wall Street. Nice idea, and I'm all for it—more or less. Fact is, humans are greedy—you know, the survival thing explained by Darwin and his successors. Moreover, Adam Smith's Wealth of Nations tells us in no uncertain terms that self-interest is the engine of the economy. Fact is, in ordinary times, self-interest is imperative, and more or less the more the merrier—i.e., greed. That's how innovations are commercialized—and why there are bubbles. Hence, this ends up being an argument for appropriate regulation and strong government intervention in general, rather than hoping that God-like individuals will save us, or at least our 401(k)s. (None of this is to suggest that I'm not in favor of beating the bloody tar out of some of these pricks, like the Lehman guy.)
***The world is flat. Sure, flatter than it was. But national sovereignty is alive and well—e.g., Russia invades Georgia. Central banks and finance ministers should work in concert, as they are and as they have been since at least Bretton Woods. Given the new flat-ish-ness, coordinated responses have to be made much more quickly, and dramatically, than before. But anyone who thinks that economic globalization will round off the forces of national sovereignty is flat out nuts in my opinion.
***We need a plan. Yes we do, but the market crisis will abate when the price of assets falls far enough that stocks are obviously significantly undervalued and worth buying. Mssrs. McCain and Obama are being criticized for failing to provide oceanic solutions in their get-together last night. Well, there aren't any panaceas, except to do more of what we're doing ever faster and ever more intensively—e.g., the Brits more or less nationalizing banks yesterday.
more at: tompeters!
We can certainly thank our conservative banking system here for some of our soft landing so far.....the Fed today has looked to us for monetary help. However, the effect worldwide is still a question and where it all goes from here us unknown......a positive outlook sure comes in handy nowadays.
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