ArchivesTag : wall street
The future way out of financial mess
Last night I was interviewed by a columnist for the Puget Sound Business Journal, about the financial crisis shaking Wall Street and reshaping the U.S. Presidential election. I reprised much of the previous blog entry, and concluded that an amazing series of bad decisions are now cascading into this debacle, with a variety of unintended [...]
Full StoryFuture of Wall Street – A futurist perspective
The 500 point drop in the Dow today, 6th largest drop in stock market history, is indicative of three interrelated social-cultural-economic factors. First, in response to 9/11 various economic actors cooperated to loosen credit as a way to prop up the economy. Ironically, in retrospect this response perfectly enabled the fulfillment of the prime goal [...]
Full Story
