Top 5 Problems Facing the Economy 5

The final problem among my “Top 5 Problems Facing the Economy” is endemic unemployment.  By “endemic,” I mean that the Great Recession seems to have created a permanent change in the employment landscape of the First World. During the deep and sustained economic downturn of 2008-2009 many millions of employees in the United States and other countries lost their jobs.  Now...
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Top 5 Problems Facing the Economy 4

Among the top five problems facing the economy is politics trumping what needs to be done.  In the government space, I consider the following to be big problems: Continued deficit spending and growing national debt Lack of a coherent foreign policy – including fighting two Asian wars Lack of financial support for financial regulators In this series I have already talked about the Federal...
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Top 5 Problems Facing the Economy 3

This is part 3 in a series of 5 posts all part of the same headline, “Top 5 Problems Facing the Economy.”  I feel that the number 3 problem facing the economy is the lack of financial market transparency. Given the first two problems, lack of ethics in society – especially in business, and chronic fat – that is, consuming beyond our means, it is very important that there...
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Top 5 Problems Facing the Economy 2

Today I will write about what I feel is the number 2 problem of the top five problems facing the economy: chronic fat – that is, consuming beyond our means.  This problem manifests itself throughout various levels of society. Governments around the world, like the United States, Japan, Greece, Argentina, and so forth are all nations that issue gigantic amounts of debt and run chronic budget...
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Awesome Statistic About Derivatives slight return

Yesterday I wrote a post entitled, “Awesome Statistic About Derivatives” and I wanted to post a few additional comments to help create a better context for understanding the information. First, in the comments section of the blog I was asked if I could corroborate the data as reported by Mark Möbius of Templeton where he claimed that the total value (i.e. the notional value) of all...
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Awesome Statistic About Derivatives

I wanted to share with you an awesome statistic about derivative securities which comes courtesy of that investment industry scion, Mark Möbius, and the magazine that quoted him, Bloomberg.  And by awesome, I don’t mean good.  I mean awe-inspiringly bad. The total value of derivatives securities around the world exceeds total worldwide gross domestic product by…[drum roll...
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Top 5 Problems Facing the Economy 1

Yesterday I promised that I would write in-depth about what I saw as the top 5 problems facing the economy.  Today I will write about what I feel is the number 1 problem: the lack of ethics on the part of society, especially in business. The lack of ethics is cancer and it is eating away at the fabric of our culture. There has been such an emphasis in our culture on the quantitative that the...
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