The Helen Alexander Lecture: The Case for the Sustainable Development Goals

The Helen Alexander Lecture: The Case for the Sustainable Development Goals

Reply to Global Crisis Article

Christine Lagarde International Monetary Fund

Reply to:

Christine Lagarde: We've made progress since the financial crisis. But there's still more to do

It started long before the collapse of Lehman brothers.  While the collapse of Lehman brothers was, as you stated 
"Looking back today, the pressure points seem obvious. But they were less obvious at the time. Most economists failed to predict what was coming. It is a sobering lesson in groupthink." This was less group-think than mob psychology. Or, as I put it, "buying into the premise.  (EVEN as I write this, Julie Chen on The Talk  CBS Corporation asked the question, "What is more important to you, Function or Fashion?"  The audience cried out-- "Fashion")  This I covered in my article
"Marketing 1959"

Moreover, you said,

"What were these pressure points? At the core was financial innovation that vastly outpaced regulation and supervision. Financial institutions—particularly in the United States and Europe—went on a frenzy of reckless risk-taking. This included relying less on traditional deposits and more on short-term funding, dramatically lowering lending standards, pushing loans off balance sheets through murky securitizations, and more generally, shifting activity to the hidden corners of the financial sector that were subject to less regulatory oversight. For example, the market share of subprime mortgages in the United States reached 40 percent of overall mortgage-backed securities by 2006—up from almost nothing in the early 1990s." 1.  The subprime mortgage programme was instituted contrary to the best financial advice. 2.  Fannie Mae and Freddie Mac were in trouble even as politicians were declaiming their stability.

However, to truly understand this, there must be the cultural transformation. After Ronald Reagan replaced Jimmy Carter, the American culture turned into "a kid in a candy store" mania. Lifestyles of the Rich and Famous took over: How much to fill this bathtub with champagne? How much to fill this bathtub with caviar? Celebrities were paying $22. for a $2. cigar.  I know that because I smoked Macanudo Prince Philip Cafe for $2.  But not after the Rich and Famous took over. Our entire culture was primed (no pun intended) to accept the culture lust for luxury.  This was covered in my article  Ascribed Value--or ridiculous consumption. My most recent efforts, since the EuroCrisis, has been propounding the algorithm: Capital Investment + Economic Stimulus =  Economic Development+ Growth Sincerest regards,
Slim.

Bob Asken
Box 33
Pen Argyl, PA
19072


Copyright (c) 2018 Bob Asken
All rights reserved.

Belling the Cat 2.0

Regards,
Slim.

Copyright ©  2018
Bob Asken
All rights reserved.

Bob Asken
Box 33 
Pen Argyl PA
18072

SlimFairview@yahoo.com

CHINA: The Greatest Health is Wealth

Regards,
Slim.

Copyright ©  2018
Bob Asken
All rights reserved.

Bob Asken
Box 33 
Pen Argyl PA
18072

SlimFairview@yahoo.com

CHINA: CHECK-BOOK DIPLOMACY & MORE

Regards,
Slim.

Copyright ©  2018
Bob Asken
All rights reserved.

Bob Asken
Box 33 
Pen Argyl PA
18072

SlimFairview@yahoo.com

CHINA: The Video

Regards,
Slim.

Copyright ©  2018
Bob Asken
All rights reserved.

Bob Asken
Box 33 
Pen Argyl PA
18072

SlimFairview@yahoo.com

Walmart Can Best Amazon

Walmart is in a better position than Amazon.
Walmart has the advantage of moving into "Online" a la Amazon, but
Walmart also has the brick and mortar Food Delivery option to compete with Amazon's Whole Foods plan.

IF Amazon can do a Whole Foods 2 hour Grocery delivery, Walmart can top it with 2 hour Food + 2 hour other products.
Walmart 5358 Stores Whole Foods 470

If Walmart doesn't screw up, they can leverage their position in the marketplace Literally.

Amazon has few, if any, brick and mortar locations.
Walmart has the option of leveraging locations providing a "catalogue" location for "in-store" on-line purchases and leverage point of purchase opportunities with customers.

The only impediment is the Penney Problem.

Remember? See the results?

Warmest regards,

Slim.

If you find anything here to be helpful, please don't hesitate to send me a really tricked out Mac Book and to tuck a few dollars into the envelope along with the thank you note. Slim

Bob Asken
Box 33
Pen Argyle, PA 18072

Slimfairview@yahoo.com

Copyright (c) 2018 Bob Asken
All rights reserved.

Merkel Caves! Slim Wins!

For nearly eight full years, the blogger known as Slim Fairview has inveighed
against austerity with the celerity of a honey badger.  
Scores of articles have been written, and thousands of tweets have sent links to
the articles to thousands of readers around Europe and the world.  
From Grexit to Brexit and beyond the articles were intended to bring about the
reforms that are  imminent.

With the forming a government, and to make that government possible,
The Chancellor caved and handed over the keys to the
Foreign and the Finance Ministries to the opposition party.

Some of the article links listed below.

This is Brexit 15 June 2016

Merritt, Galbraith, & Stiglitz 22 August 2016

GreekEnomics 8 June 2015

{The only real value to this article is the number of links to articles regarding Merkel and Europe)

Merkel's Big Lies? 2 May 2014

Merkel and the Salesman 18 May 2012

Eurocracy, with Apologies to Swift 29 September 2011

Germany Slaps Greece 1 July 2015

Greek Proposal 8 July 2015

Beware! The Chancellor is Consolidating Power 5 February 2013

Merkel and Charybdis 22 June 2015

Firewall or Farce? 27 February 2012

Brit-In Brit Out 19 February 2016

Et. al.

Warmest regards,

Slim.

SlimFairview@yahoo.com

SlimViews@Gmail.com

Copyright (c) 2018  Bob Asken  All Rights reserved.

CHINA NOW GLOBAL BUYER?

Economy World Quoting the Washington Post. "The Chinese are now buying as much stuff as Americans, a game-changer for the world economy." - Washington Post. This repudiates Slim's Paradigm. China    is the Global Seller. The US  is the Global Buyer Reality Check With links to related articles at the end. China has 1 Billion 300 Million people The US has ...........300 Million people If China creates 300 Million Creative, innovative, high-tech entrepreneurs. China has 1 Billion people to do the work. If the US creates 300 Million Creative, innovative, high-tech entrepreneurs, the US has no one to do the work. If we convert 25% of our population into creative, innovative,  high-tech entrepreneurs, China still has 4 times as many workers. Choice:

Each American Does the work of 4 people Robots replace 3 out of 4 American workers. We better makes friends. Fast. Get edified. Slim

If you find anything here to be helpful, please don't hesitate to send me a really tricked out Mac Book and to tuck a few dollars into the envelope along with the thank you note. Slim.

Box 33
Pen Argyl, PA 18072

LinkedIn Profile

slimfairview@yahoo.com


FURTHER READING

China: QE and Emerging Nations.

China: Not the What? the Where! with links to related China Articles by Slim Fairview.


Copyright (c) 2018  Bob Asken
All rights reserved.