Monthly Archives: August 2010

Thus Cheap Money does make addicts of us all!

To keep their economies afloat, Central bankers, at their annual meeting  in Jackson Hole, once again committed to continue or increase the supply of cheap money.  However, some of them are starting to recognize that the outcome of their efforts is … Continue reading

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What happens to you doesn’t change your happiness!

If you won the lottery for $100 million would that make you happier the rest of your life? If you suffered an injury that made you a paraplegic would that make you permanently gloomier? Prof. Dan Gilbert of Harvard says … Continue reading

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Childish CEO’s whine about adult supervision

It’s time to take the gloves off! As a former CEO, I’m ashamed of the juvenile whining of CEO’s like JP Morgan’s Jamie Dimon, General Electric’s Jeffrey Immelt, Coca Cola’s Muhtar Kent, Intel’s Paul Otellini and Forbes Magazine’s Steve Forbes … Continue reading

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Book Review: “Free Trade Doesn’t Work”

Are you concerned about economics or global trade? If so, buy, read, study and refer to “Free Trade Doesn’t Work: what should replace it and why” by Ian Fletcher. It ranks in my top five books on economics. It’s that … Continue reading

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My core beliefs about business, politics and the economy (1)

This post and future ones describe some of my core beliefs about business, politics and the economy by answering some fictitious Frequently Asked Questions. I’ve actually been asked these questions, but not frequently or in some cases not even recently. … Continue reading

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BP’s Board is typical: clueless, spineless and still not serious about reform

By replacing CEO Tony Hayward with Robert Dudley, BP’s board once again appears to be doing its job and serious about reforming the company’s safety-last culture. Reality is starkly different. Two facets of its change-of-command clearly demonstrate that this board … Continue reading

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