Archive for category Finance/Econ

Leadership, Decisionmaking and Trust

Bush and Paulson confidence and authority, or not?

As policy-makers navigate the financial crisis, the leadership styles on display are interesting. The predominant style is a single-solution approach. One idea (TARP or the Bad-Bank) is selected at a time and incremental changes are made as new information and ideas emerge. Contrast this with a more multi-solution approach where several possible solutions are put forward, strengths and weaknesses are discussed, adjustments are made and finally, one solution is chosen from among many. For example, suggestions could include TARP-style cash infusions, creation of a Bad-Bank, creation of a Good-Bank, do nothing, etc.

The single solution model Read the rest of this entry »

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Join us in supporting things that aren’t John McCain!

I have created this new Facebook group for all those people out there who support things. Unless John McCain is one of them.

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A note from my alter-ego the economics student

So, I research the North Coast regional economy as writer/assistant editor of the Humboldt Economic Index. This is a bit from my real estate economics hack alter-ego.

I just had a thought. Foreclosures are at the highest level our nation has seen since the Depression. Estimates are that barring Federal intervention (and perhaps in spite of it) a couple million more ARM’s will reset before the smoke clears and a solid chunk of these resets will result in foreclosures. Already in some areas it is not uncommon to see families in front yards full of furniture after a forcible eviction has been served. This amounts to a comparable, perhaps larger, refugee crisis than Katrina, just one that is not focused in such a narrow region as a single city.

The thought is just that a lot of folks need our prayers during this time. Many of them will be discovering that they have little else.

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