Companies not doing so good and how it can affect you
I don't know if Moody's wants to make amend for not warning last year about the mortgage meltdown but they came up with a list of companies that may default or have liquidity problems in the short term. Sectors that stand out: media, automotive, retail, manufacturing, gaming (casinos) and consumer products. http://seekingalpha.com/article/125008-moody-s-releases-the-leper-list
Can someone spell productivity?
80% of worldwide spending on IT is "dead money" - meaning it does not create growth or a competitive advantage - Gartner Research. http://www.gartner.com/it/page.jsp?id=497088
Capitalism is dead (so they say)! Long Live Community Capitalism!
It is said that a depression is a recession that the government is trying to prevent...
So the news aren't very good these days... well they were not very good for the pilot who got his two engines shot down by Canadian geese but he and his team managed to focus on what he could do to land the plane safely (!) on the Hudson River. And so he did. Was he lucky? You bet he was! So were Watson and Crick in discovering the DNA (they say so themselves in their wonderful book - The Double Helix - on their journey to this discovery). Luck favours the prepared mind...
Now folks in Kalamazoo (city population of 78 000 - region is 500 000) - Michigan, did not feel so lucky after being hit in the 90s by major restructuring in the pharmaceutical and auto sectors. They were loosing jobs and most importantly, skills accumulated over the last 100years. So they thought long and hard about what THEY could do to built a stronger more robust community. Read More
Note: I will be speaking at the upcoming APDEQ-UMQ Conference in Drummondville, Qc, on April 23th 2009 about Community Capitalism. http://www.apdeq.qc.ca/3_8.asp
- Money is not capital
With all this overdose of saving, rescuing, bailing out the "financial system", one forgets what this is all about. More credit is not the "lifeblood" of debt based economies, productive capacity is (actual or in the form of savings from previous production). If nothing is produced, all the money in the world won't do you any good. Zimbabwe has plenty of "printed" money stock, but they don't have much capital. - Bubbles Bubbles
We have 3 bubbles imploding at the same time: housing, consumer spending and US total debt. Never in history have bubbles burst halfway. Never. Not the tulip bubble of 1637 - 1638, not the Mississipi bubble in the 1700 (with John Law who would have felt at home at AIG), the South Sea bubble of 1719 - 1722, the Nikkei bubble from 1983 until today, and the NASDAQ bubble from 1999 - 2003. Everything reverts to the mean - we have travelled a good way but we still have more to go ... down ... that is. -
What then? Well people turn to arts in hard times...Maestro...Music
http://www.ted.com/index.php/talks/jose_abreu_on_kids_transformed_by_music.html -
The results...
http://www.ted.com/index.php/talks/astonishing_performance_by_a_venezuelan_youth_orchestra_1.html
Nuno ID Inc.
Economic Development
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